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When Trump left office — as the pandemic was easing but still having a major economic impact — average gasoline prices were higher, $2.38. And over the course of his presidency, the price ... Under Trump's presidency, the economy strengthened and the unemployment rate fell leading up to the pandemic in 2020. The Tax Cuts and Jobs Act (TCJA)—a major overhaul of the tax code —had ... PolitiFact, "Donald Trump repeats inaccurate claims on economy in local news interview in Pennsylvania," May 8, 2024 Email interview with Dean Baker, co-founder of the Center for Economic and ... The Landscape for Workers. One thing the Trump and Biden economies shared is a strong labor market. The jobless rate was 3.6% at the end of 2019, before the pandemic; it has gone as low as 3.4% ... The stock market, sensing an infusion of economic stimulus cash following Biden's November 3, 2020 election victory, surged again. The Dow Jones closed at 30,930.52 on January 19, 2021, Trump's last day in office. When percentage growth during Trump’s tenure is compared with Obama’s, however, a very different picture emerges. The US election capped almost four years of tumult for the world’s largest economy on Tuesday as President Donald Trump secured a $1.7tn tax cut, launched trade wars around the world, and then ... Steven Rattner, "What Trump Would Do to Our Economy" (New York Times op-ed), Feb. 28, 2024 CNN, " Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall ," Dec. 1 ... The Joint Economic Committee previously has published several analyses of President Trump’s economic record, including President Trump’s Record on the Economy and the in-depth Democratic response to the 2020 Economic Report of the President.1 This “scorecard” is a highly condensed examination of the former president’s record over his ... Covid slammed into the economy in Trump’s final year. Jobs soared under Biden, but so did inflation. Share. Resize. Listen (2 min) Real gross domestic product, annual change. G.H.W. Bush. G.W.

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