03 — He improved the economy (before the virus hit).
20 Reasons to Re-Elect President Trump
Before the coronavirus slowed things down, President Trump was leading the economy to new heights of growth and prosperity.
The Dow Jones Industrial Average gained 60% during his first three years.
The S&P gained 50% in the same period (more than double the average return of all president three years into their first term).
Here are a few more highlights pre-COVID:
- The overall unemployment rate fell to 3.6%, the lowest since 1969.
- The unemployment rate for women fell to 3.1%, the lowest since 1953.
- The unemployment rate for Hispanic Americans dropped to 4.2%, the lowest in recorded history.
- The unemployment rate for black Americans dropped to 5.4%, the lowest in recorded history.
- The number of Americans applying for unemployment benefits fell to a 45-year low.
- Corporations repatriated billions of dollars.
- Consumer confidence was at the highest level since 2001.
Contrast this with the predictions of New York Times’ columnist and Nobel Prize winner Paul Krugman, who said that a Trump presidency would lead to a “global recession” and the stock market would “never recover”.
Instead, Trump’s first three years were characterized by a booming economy. There’s no reason to think he won’t lead another surge once COVID subsides.
- Full List
- Previous: 02 — He destroyed ISIS.
- Next: 04 — He de-escalated tensions with North Korea, reducing the risk of war.
Article references (10):
- CNBC (2)
- CNN
- The New York Times
- The Washington Post
- AP (2)
- Investor’s Business Daily (2)
- Washington Examiner
