I am so tired of this narrative that the economy was in the toilet under Obama and Trump revived it. Unemployment was 4.7% when Trump took office. Average GDP growth in Obama's 2nd term was about equal to average under Trump pre-covid.
Then of course GDP did THIS last quarter. And Kudlow et al have the chutzpah to claim that Biden would lead us into recession/depression?? We're already there
Trends in job growth under Obama vs. Trump. If you believe presidents control the job market (they don't), kindly show me the sudden discontinuity on the chart when Trump took office https://twitter.com/aaronsojourner/status/1298435667018559489
Even on the stock market -- Trump's preferred metric for his economic success, even though it reflects neither the economy nor anything presidents have control over -- gains were higher at this point in Obama's presidency.
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