For as long as Trump has been president, his supporters have been pretending that his deregulation and tax policies made it all possible.This is demonstrably false. Take a look...
Let's start with unemployment.
It is perfectly true to say that under Trump we have the lowest unemployment since the 60s.
But nothing is as simple as republicans would like you to believe.
As you can see in the chart below, Obama inherited an abysmal unemployment rate from the previous republican president...10%
The chart shows how --over the course of 8 years-- unemployment dropped to about 4.7%.
But wait! Here comes Trump to save the day! During the next two years Trump continued the trend that Obama started.Who gets the credit? I'll let you decide.
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Under president Trump the stock market is higher than ever!
Again, technically this is a true statement. But it is also misleading.
As you can see from the graph the stock market simply continued the upward trajectory that Obama started when he was elected.
The first big red arrow indicates when Obama was elected. The second big red arrow indicates when Trump was elected.
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Trump has the best GDP growth ever!
The last two bars on the graph are the annual GDP growth for Trump in his first two years: 2017 and 2018
You may notice that these two years closely resemble the bars for Obama in 2014 and 2015.
In other words, the Trump miracle economy is nothing that we haven't seen before.
Regarding the first two negative growth years I think it's fair to give Obama some slack for those years because after all, he did inherit a disaster from his republican predecessor and needed some time to clean up.
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