The Good Things Trump Has Done So Far: A Record-Breaking Economic Comeback

The year 2020 was a remarkable one for the American economy, with unprecedented growth and prosperity under the leadership of President Donald Trump. During his presidency, Trump has implemented policies that have led to record-breaking economic achievements, making America's economy stronger than ever.

One of the most notable achievements is the rapid GDP growth rate of 33.1 percent in the third quarter of 2020, the highest ever recorded. This growth was driven by a combination of factors, including tax cuts, deregulation, and investment in infrastructure. As a result, Americans are better off than they were four years prior, with 56 percent reporting that they are more prosperous according to an October Gallup survey.

Trump's administration has also made significant investments in rural America, allocating over $1.3 billion through the Agriculture Department's ReConnect Program to bring high-speed broadband infrastructure to rural communities. This initiative has helped to strengthen the rural economy and create new opportunities for residents.

In addition to these efforts, Trump has achieved a record-setting economic comeback by rejecting blanket lockdowns during the pandemic. Instead, he opted for targeted measures that allowed businesses to remain open while protecting public health.

Trump's administration has also made significant progress in modernizing agricultural biotechnology products through an Executive Order, bringing innovative new technologies to market and boosting American farming and agriculture.

The S&P 500 and NASDAQ have repeatedly notched record highs under Trump's leadership, with the DOW closing above 20,000 for the first time in 2017 and topping 30,000 in 2020. This has led to record-high stock market numbers and a surge in 401ks.

Small business optimism also reached an all-time high of 35 years in 2018, while small business hiring broke records with over 1.2 million manufacturing and construction jobs created. African American homeownership increased from 41.7 percent to 46.4 percent during Trump's presidency, bringing jobs, factories, and industries back to the USA.

Wages rose fastest for low-income and blue-collar workers, with a 16 percent pay increase, while the bottom 50 percent of American households saw a 40 percent increase in net worth. Income inequality fell for two straight years, and by the largest amount in over a decade, leading to record-low poverty rates among African Americans and Hispanic Americans.

Trump's administration has also lifted nearly 7 million people off food stamps, with unemployment rates reaching record lows across various demographics including women, African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma. Additionally, more Americans reported being employed than ever before, with nearly 160 million in the workforce.

In conclusion, President Trump's economic policies have led to unprecedented growth and prosperity during his presidency. By cutting taxes, deregulating industries, and investing in infrastructure, he has delivered a future of greater promise and opportunity for citizens of all backgrounds. As the economy continues to thrive under his leadership, Americans can look forward to continued growth and prosperity.

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