Trump GDP Growth Was Worst Since The Great Depression, New Analysis Reveals

Ex-President Donald Trump was fixated on GDP during his time in office. Maybe he shouldn't have been.

8/3/2021 5:38:00 PM

Ex-President Donald Trump was fixated on GDP during his time in office. Maybe he shouldn't have been.

Ex-President Donald Trump was fixated on GDP during his time in office. Maybe he shouldn't have been.

But annual figures go all the way back to 1929. From that year to 1933, including the Great Depression when Herbert Hoover was president, annualized growth was negative 7.4%. The second-worst record since then was Trump’s, Bloomberg reported.Bloomberg jiggles the numbers a bit to adjust the comparison periods, but Trump doesn’t come off great in any of them.

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Check them out here.While GDP growth is an important indicator of the economy, it’s not typically one that presidents obsess over. Trump was different. He claimed the figure would jump as much as 6% on his watch.A big jump in GDP growth does not necessarily indicate a healthy economy. An economy can be so wrecked, as it was during the Depression, for example, that a huge jump in the GDP may bring the economy to only middling. It also doesn’t track

income inequality or the sustainability of growth, Business Insider pointed out.The U.S. economy grew at an annualized rate of 6.5% in the second quarter this year, according to the latest Bureau of Economic Analysis report. That was, when George W. Bush was president.

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Gavin Newsom holds onto his job as California governor, CNN projects

California's Democratic Gov. Gavin Newsom has defeated the effort to remove him from office, according to a projection from the CNN Decision Desk, capping off a recall effort that was born in partisan anger over his pandemic response but ended with a vote of confidence in his strategy to combat it.

It just shows that you Americans had picked the wrong man as a President. Too bad😫 And who's surprised about this, not me. Remember all the tariffs that Trump stuck on products from China? And remember who actually had to pay these tariffs? NOT China but the American consumers. Our economy couldn't have taken another four years of Trump.

Gee, I wonder what caused that. Maybe the entire economy is fake, maybe everything is a lie Trump didn't know shit about the economy. It was all smoke in mirrors.

Trump raises big money in early 2021, but doesn't spend muchTrump, a Republican, established the Save America committee in November shortly after losing the presidential election to Democrat Joe Biden. Under Federal Election Commission (FEC) rules, the committee has broad leeway in how it can use its money. A filing with the FEC showed Save America made a $1 million contribution in June to the America First Policy Institute, a nonprofit run by veterans of his administration. Poor and middle class people donating directly into the pockets of a millionaire. Priceless… It’s being saved for his legal defense fund and his bank loans. Those little $10 & $25 contributions are being scammed from the loser supporters.

Trump is due $1 million tax refund for Chicago skyscraper, agency rulesAn Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but... this is terrible news That sound you hear out the window is not machine guns firing. It’s millions of Democrat heads exploding. He will probably donate it like he did his salary.

Collins criticizes Jan. 6 panel as 'partisan,' Kinzinger says Trump may not need to testifyRep. Adam Kinzinger, one of the GOP members of the House's January 6 committee, leaned into the idea Rep. Kevin McCarthy may be subpoenaed. Sure Susan. 🙄 I don’t care what she thinks! She has successfully made her opinions completely irrelevant

Rep. Jackie Speier compares Trump to Jonestown cult leader Jim Jones: 'Merchants of Deceit''The only difference between Jim Jones and Donald Trump is the fact that we now have social media,' she said on CNN. Smartest thing a member of Congress has said in years Same ending? Fingers crossed. JeannieNo21 There's one big throbbing difference: Jim Jones killed himself alongside his followers. If you're a Trump supporter, you die alone.

CNN's Brian Stelter compares Donald Trump supporters to Jonestown cult membersCNN’s Brian Stelter spent his latest show comparing Donald Trump supporters to Jonestown cult members. CNN brianstelter Good for him. CNN brianstelter Democrats shooting each other? CNN brianstelter Pretty much

Will Trump be spoiler as California GOP seeks Newsom recall?Republicans are facing tough odds of ousting liberal Gov. Gavin Newsom in a recall election in heavily Democratic California. I swear he was recalled months ago