Facts and Failures: Trump’s Economic Record Examined

So let’s get the facts on Trump’s failures on the economy, because 16 Nobel economists warned Trump’s plan for the economy in a second term could lead to lasting harm to the global economy. Additionally, projection suggest that the combination of Trump’s proposed tariffs would raise taxes on everything from food and clothes to electronics and energy, costing working families up to 25 hundred dollars a year. Trump wishes to enact an economic plan in his second term that would add $4.6 million to the national debt over a decade. Under Trump, the economy lost 2.9 million jobs, earning him the worst jobs record of any president in history. In four years under Trump, unemployment grew from 1.6 to 6.3%, levels not seen since 1999. Economist said Trump’s unnecessary trade war put American manufacturing industry into a recession and wages decreased for manufacturing workers by 4.33%. Trump’s tariffs LED to hemorrhaging of steel industry. By the end of his first term, there were 2,000 fewer workers in the steel industry than there were when he was sworn in. Under the Trump administration, the trade deficit rose over 40% and set a record as the worst in U S. History. Trump’s tears decreased employment by at least 166,000 jobs and cost American companies $46 billion between 2018 and 2020. After countries issued retaliatory tariffs, exports of US goods fell by 23%. War Americans suffer greatly from retaliatory tariffs, which resulted in a reducing employment in crop production, transportation, warehousing, and other industry sectors. American Companies paid the price for Trump’s tax war between 2018 and 2020. Okay? Do you hear what I’m saying? Trump’s tears forced American importers to drive up the price of major home appliances, furniture, auto parts, home building, luggage, uh, uh, uh, imported alcohol like whiskey, okay? The price just kept going up. Trump is a huge proponent of outsourcing jobs and saw an increased amount of jobs outsource to other countries during his presidency. Not very much America first. The national debt increased by 50%. Okay, 50%, which was the largest annual deficit in U S. History, occurring in 2020. Consumer cost rose under the Trump administration. Trump’s withdrawal from the Iran nuclear deal increased gas prices, and the price of oil rose 32% during Trump’s last month in office. Insurance. I know you felt it, cause I felt it. Insurance cost rolls under the Trump administration, chipping away at the consumer protections in the Affordable Care Act. Okay, so let’s be very clear about what we’re talking about. Trump’s tariffs added 1 billion to the cost of US housing construction. Okay, again. Food and alcohol cost increase during Trump’s trade war. Trump’s 2017 tax plan was written to favour the richest Americans and wealthy corporations and added 1.9 trillion to the national debt. The Trump administration oversaw 16 bank failures from 2017 to 2020. So when he purports to be the best on the economy, let’s just look at the facts. Let’s look at the facts, okay? Let’s just do That because the facts tell us something different. Okay. A decade of employment gains vanished in a single month under Trump. Nearly double the jobs lost during the entire 2007 to 2009 financial crisis. Trump’s failure to address the pandemic sent the U S. Unemployment up to 14.7% in April 2020. And let’s not even talk about the cost of lives.