Comments by "" (@DavidJ222) on "Bernie Sanders takes commanding lead in CNN poll of polls" video.
-
The national debt surpassed $22 trillion for the first time last year, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American. The Treasury Department reported the debt hit $22.012 trillion, a jump of more than $30 billion in just this month.
Trump promised 4,5 and 6% GDP growth when he became president. So far, we've only seen 2.5% GDP growth during Trump's administration. President Obama on the other hand, hit 4% GDP growth four times during his administration.
President Obama’s last three years of job growth all beat Trump’s best year
Obama Monthly average of Jobs added 2014-2016 = 224,000
Trump Monthly average of Jobs added 2017-2019 = 189,000
President Obama created 1.6 million more jobs than Trump over a three-year period
Trump’s boasts about how many jobs he has added don’t include that he has generated 6.5 million jobs under his Presidency vs. the 8.1 million, OR, 1.6 million fewer than President Obama did under the same timeframe. On average, President Obama created 43,000 more jobs per month than Trump.
The national debt has been rising at a faster rate following the passage of Trump’s $1.5 trillion tax-cut package after a little more than a year. The nation has added more than $1 trillion in debt in the last 11 months alone.
While GDP growth crossed over 3% in a few quarters the past three years, on a full year basis, GDP growth hit a high point of only 2.9% in 2018, With it falling back to 2.3% in 2019. This is another example of Trump's gaslighting claim that the economy could grow 4%, 5% or maybe even 6% when he was President.
The best three quarters of growth for Trump have been:
● 3Q 2017 at 3.2%
● 4Q 2017 at 3.5%
● 2Q 2018 at 3.5%
Obama’s best three quarters of growth were:
● 4Q 2011 at 4.7%
● 2Q 2014 at 5.5%
● 3Q 2014 at 5.0%
Just imagine if Trump, the king of debt and bankruptcy, had inherited a great recession like President Obama inherited. Yikes!!😲
Trump is an expert at digging financial holes, but he has never climbed his way out of one. Just ask anyone who has ever done business with him in Atlantic City and NY, or just ask the multiple banks he borrowed money from and never repaid them.
4