Trump Economic Conspiracy

23 giu 2024 · 4 min. 10 sec.
Trump Economic Conspiracy
Descrizione

The statistics for Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers. -...

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The statistics for Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers.
  • The economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%.
  • Paychecks grew faster than inflation. Average weekly earnings for all workers were up 8.7% after inflation.
  • After-tax corporate profits went up, and the stock market set new records. The S&P 500 index rose 67.8%.
  • The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services 2020 was the highest since 2008 and increased 40.5% from 2016.
  • The number of people lacking health insurance rose by 3 million.
  • The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
  • Home prices rose 27.5%, and the homeownership rate increased 2.1 percentage points to 65.8%.
  • Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
  • Coal production declined by 26.5%, and coal-mining jobs dropped by 16.7%. Carbon emissions from energy consumption fell 11.5%.
  • Handgun production rose 12.5% last year compared with 2016, setting a new record.
  • The murder rate last year rose to the highest level since 1997.
  • Trump filled one-third of the Supreme Court, nearly 30% of the appellate court seats, and a quarter of District Court seats.
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Autore Michael Fortune
Organizzazione Michael Fortune
Sito -
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