Donald Trump’s primary appeal continues to be that he built a great economy. But data shows that Donald inherited President Obama’s great economy and built nothing. Moreover, Trump’s economic legacy is defined by his failure in leadership during the COVID-19 pandemic that exacerbated a financial downturn.
Donald’s economic policies also left the middle class behind. His 2017 Tax Cut and Jobs Act provided major tax breaks to corporations and wealthy individuals. This was beyond ironic for a presidential candidate who campaigned in 2016 on being the champion of the working class.
Trump’s tit-for-tat trade war with China cost the U.S. economy 300,000 jobs and American firms lost $1.7 trillion in stock value.
Trump took every opportunity while campaigning to tout gains in the stock market. The Dow Jones soared by 56 percent during Donald’s presidency. It climbed 73 percent under Obama and 105 percent under Clinton.
