The gdp growth was the same under both administrations so the answer should be the same right?
What pushed them is in part some of the deregulation. I’d be stupid not to agree with that. That being said the trend was there for continued reduction in the number of unemployed.
no, it should not be. gdp had been slowing and was anemic and heading toward the negative at the end of the obama admin. his policies had played out. trump reversed that. we are now growing back to where we were pre covid, faster than anyone but trump ever thought we would be. reversing his policies will slam the breaks on that.
Stock Market is already losing steam with the uncertainty in the Georgia senate race. They are depending on Trump’s economy (a republican senate) in order to keep moving forward.
Why is it that even reasonable people subscribe to this. While the market certainly enjoys its ups and downs on pure emotion, the market overall actually trends with the economy not who is governing
The Obama communist years, the Clinton socialist years etc are proof of that
We’re not even close to back to where we were pre covid GDP wise. It’s going to take at least another year. And Trump never had a quarter, year, or year on year that was better than Obama in terms of GDP.
we are currently 3,5% below pre covid levels on gdp. the current forecast for 4th quarter growth is 3.5%
we are not only close, but we will be back at pre-covid levels before the end of the year likely being the only economy in the world to actually show gdp growth for 2020.
The labor participation rate decreased during his Obama’s Presidency mostly due to baby boomers retiring. The labor participation rate is now at 61.7%, which is lower than it was four years ago.
your statement about retirees is patently false, retirees are not counted in the labor participation rate. the labor participation rate climbed throughout Trumps Presidency while unemployment declined… until covid. Under his policies it would climb again. lots of people now are counted as not looking for work, because they are not looking, they are waiting to go back to work.