'Nobody's ever seen a number like this!'New data reveals just how bad the Trump economy actually was

[catbyte]

John Wright
August 02, 2021

Former president Donald Trump was obsessed with the gross domestic product.

"Nobody's ever seen a number like this!" Trump declared at a rally last October, referring to the GDP.

As it turns out, Trump was right — but not in a good way.

Across Trump's four years in office, the nation recorded its lowest overall rate of GDP growth — at 1.6 percent — since President Herbert Hoover's administration during the Great Depression, according to a new report from Bloomberg.

Link to tweet

Annual GPD numbers go back to 1929, and growth was negative-7.4 percent until Hoover left office in 1933. GDP growth reached a record high of 5.5. percent under John F. Kennedy, and prior to Trump the next-lowest rate was 1.8 percent under George W. Bush. The GDP grew by a rate of 2.1 percent under Trump's predecessor, Barack Obama.

snip

https://www.rawstory.com/trump-gdp-growth/

Bloomberg article (paywall)

https://www.bloomberg.com/opinion/articles/2021-08-02/trump-s-gdp-growth-was-the-worst-since-the-great-depression

[C_U_L8R]

1. What did anyone expect?

All he did was golf, watch tv, tweet storm and shovel down junk food. The only thing that grew was Donald.

[Johnny2X2X]

2. Spread this far and wide!

Trump was a total and complete economic disaster. HE also had the worst jobs record since Hoover.

[A HERETIC I AM]

3. Tantrum thrown by Trumpy refuting any news that makes him look bad in.....

5,…..4,….3,….2,….1…….

[underpants]

5. (upcoming rally in Alabama) Did ya see the report? My GDP was 6.1!!!

Numbers schmumbers

[A HERETIC I AM]

10. No shit.

He’ll find a way to lie about it, or just simply say the numbers are lies produced just to make him look bad.

[rurallib]

17. Obama's Fault

[malaise]

4. In reality the Slobfather was a low energy loser

who loves pretending that he is great. His entire life is make believe.

[LetMyPeopleVote]

6. TFG was a horrible POTUS

[scarytomcat]

7. And Obama started with one leg already in the grave

Bush left a mess and republiqns did nothing to help straighten it out
Oh tax cuts for rich

[ProfessorGAC]

14. Good Point

The first year was already a year into deep slide, and showed negative growth.
16.8 - (-1) is 17.8% growth over 7 years.
That's almost 2.5% per year.

[Champp]

8. Republicans pissed on America, then flushed our economy down the crapper

Republicans are shitty, lying leaders. They totally suck at dealing with the economy. History makes that plain. Dangerous, greedy, obnoxious whackjobs, is what they are.

[Kingofalldems]

9. K and R for Trump's secret pals.

[bucolic_frolic]

11. Bleed the people and grift the rich

What do you expect?

[Marcuse]

12. Trump is our grossest domestic product ever.

[catbyte]

31. Ain't that the truth?

[BigmanPigman]

13. Even the fucking moron't dad knew he sucked at business.

He knew his real talent was in PR.

[UTUSN]

15. Businessman!1

[uponit7771]

16. Hmmmmm, conclusion; capitalism works BETTER under democrats than republicans

[Bernardo de La Paz]

20. True. . . . nt

[monkeyman1]

23. pound that into every person's brain ! republican brain dead party ! period!

[paleotn]

26. What doesn't work better under Democrats than Republicans?

The difference between grandstanding and lying verses governing.

[uponit7771]

37. RIGHT !?!? They can not given worry shit!!!

[Ramsey Barner]

18. Yet again: time to re-assess Carter! /nt

[Bristlecone]

19. If it wasn't for healthcare(approx 17-18% of GDP), he'd have been even lower

Worst President ever. Period.

[ChazInAz]

21. Just think:

Kennedy only had three years to achieve those numbers.
That's what happens when a Liberal takes office, and has actual, conscientious citizens serving in Congress. Things get done.

[Demovictory9]

22. kick

[rickyhall]

24. I'm looking at Nixon. Bush 1, Bush 2 & Trump. All economy killers.

And my own experience. I graduated high school in the of the Nixon/Ford disaster with inflation that blew the cost living way passed wages. Reagan cut off my financial aid so killed a BA. I was beginning to see daylight at the end of the '90s. Bush steels the white house and my momentum stops. Obama gets elected and things to get going again. Trump steels the next one and I'm done. After 5 Republican administrations I've run out of time. Before Biden is elected I turned 65. The life I imagined in high school never happened. It's not all because of the Greedy Old Party but a hell of a lot of it is and I may have had chance with the Great Society. But I'll never know again.

[FakeNoose]

29. Nixon's problem was the oil embargo

That's why the economy tanked for him, it sent us into a tailspin for most of the 1970's. But nobody talks about the fact the Henry Kissinger was the one who masterminded that oil embargo. WTF? Kissinger didn't help anybody with that hot mess.

We should have gone solar in the 1970s and the world would be a different place now.

[smirkymonkey]

25. Kicking and bookmarking!

For the next time I get in an argument with a right-winger who tries to tell me how great Trump and ALL republican presidents are for the economy.

[SergeStorms]

32. Do you mean.....

that all those tax cuts for the wealthy didn't trickle down and help the poor and middle classes?

My belief in trickle down economics has been shattered. 😭 The republicans lied to us? Say it isnt so. Please, say it isn't so. 😱

[smirkymonkey]

35. I know! Shocking isn't it?

Who could have ever guessed? It seemed so logical.

[progressoid]

38. They'll just blame it on Covid.

Or Democrats.

I have yet to engage with one who lives in the real world.

[tclambert]

39. But that's a hoax! Oh, I get it. They'll blame it on the hoax created by Democrats

for the purpose of stealing the election, and imprisoning good, loyal Capitol-storming patriots in tunnels under abandoned Walmarts left over from Jade Helm 15.

[progressoid]

40. That's about right.

But don't forget the mind control and 5G chips that are the beginning of a plan to repeal the 2nd amendment.

[mcar]

27. What. A. Loser

[AllaN01Bear]

28. interesting that carter and raygun tied as raygun destroyed ca and it

took us 30 years or more to recover .

[catbyte]

30. That caught my eye, too. So much for Ronnie Raygun "saving" the economy from inept Carter.

Just another lie, er, myth.

[aggiesal]

33. Top 4 out of 5 are (D)'s ...

Obama probably a bit higher if he hadn't inherited the mortgage meltdown economy for GW McIdiot.

Then there is this

Trump to leave office with the worst jobs record since Herbert Hoover

[royable]

34. "And this great big guy came up to me with tears in his eyes, and he said, 'Sir,...

...I've never seen a number like this!'"

[IronLionZion]

36. Keep reminding him that he was the worst.

although GOP blames Dems for lockdowns in blue states, or China, or illegals, or something like that. Dems are the reason why Southern red states are getting it bad now with COVID.