Posted on 01/18/2024 5:05:54 PM PST by yesthatjallen
Supporters of former President Donald Trump cite his economic record as a reason to vote for him, but that's a bit puzzling.
Why it matters: Trump's economic record is only good if you leave off what happened from March 2020 to the end of his administration.
Zoom in: When the pandemic hit, the jobless rate soared to a record 14.8% — a level not seen since the Great Depression.
The rate did come down a bit after that, but when Trump left office there were fewer jobs in the country than when he got there — the first time that's happened since Herbert Hoover was president.
There were long lines at food pantries. Gas prices fell a lot — to $1.77 a gallon in April 2020 — something both the former president and his supporters note. But that was because the country was on lockdown and demand for gas plummeted.
The big picture: Trump supporters may be just giving him a pass on the pandemic economy, as the New York Times columnist Paul Krugman writes.
SNIP
(Excerpt) Read more at axios.com ...
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