Trump’s Economic Legacy...
“Economists say Trump’s economic legacy will be defined by his failure in leadership during the COVID-19 pandemic that exacerbated the financial downturn, domestic policies that overwhelmingly benefited the wealthy, and international trade policies that hurt U.S. industry while simultaneously alienating allies.”
There is a pretty big degree of window dressing in articles that portray Trump’s economy as “better than”. It’s hard to draw direct comparisons between Obama’s presidency and Trump’s, there are a couple of big points to connsider. Obama inherited an economy in a shambles given the financial crisis that occurred under Bush’s watch and left iit trending upwards, while Trump is doing quite the opposite, inherited the upwards trends from Obama and leaving it in a shambles. The position that we can only measure Trump’s performance up to the beginning of the pandemic is more than a little biased as it was his total lack of leadership in pandemic response that brought the US to where it is now economically. But even up to the beginning of the pandemic his policies were questionable. He ran the national debt up by 40% after promising to bring it down, the foreign trade deficit is larger than before despite his promises to reverse that, and his tax cuts promised to the “working man” went to the rich.
