Tornado Alley (PROG)

[blackhawks]

What is really stupid is thinking that the present economy is weaker that not just the first three years of Trump, but especially his last f'ing year. It WAS a four year term after all.

but I do not expect some dem to shout at harris "it's the economy, stupid" -- like one did so many years ago

https://www.cnn.com/2020/09/04/economy/jobs-report-august-2020/index.html

US adds 1.4 million jobs in August, but is still down 11.5 million jobs since Covid hit
By Anneken Tappe, CNN Business

Updated 11:55 AM EDT, Fri September 4, 2020

A weak job market in an election year
The economic recovery is slowing at a critical juncture, just months ahead of the presidential election. President Donald Trump is heading into the general election with the worst jobs numbers of any president, based on records that go back to World War II.

As of August, the US economy is down 4.7 million jobs since January 2017 when Trump took office, according to the Labor Department.


Why it WAS about 'the economy stupid', in 1992.

https://clintonwhitehouse5.archives.gov/WH/Accomplishments/eightyears-03.html#:~:text=President%20Clinton's%20Record%20on%20the,rate%20since%20the%20Great%20Depression.

President Clinton's Record on the Economy: In 1992, 10 million Americans were unemployed, the country faced record deficits, and poverty and welfare rolls were growing. Family incomes were losing ground to inflation and jobs were being created at the slowest rate since the Great Depression. Today, America enjoys what may be the strongest economy ever.

In 1993, President Clinton and Vice President Gore launched their economic strategy: (1) establishing fiscal discipline, eliminating the budget deficit, keeping interest rates low, and spurring private-sector investment; (2) investing in people through education, training, science, and research; and (3) opening foreign markets so American workers can compete abroad. After eight years, the results of President Clinton's economic leadership are clear. Record budget deficits have become record surpluses, 22 million new jobs have been created, unemployment and core inflation are at their lowest levels in more than 30 years, and America is in the midst of the longest economic expansion in our history.

Strong Economic Growth: Since President Clinton and Vice President Gore took office, economic growth has averaged 4.0 percent per year, compared to average growth of 2.8 percent during the Reagan-Bush years. The economy has grown for 116 consecutive months, the most in history.

Most New Jobs Ever Created Under a Single Administration: The economy has created more than 22.5 million jobs in less than eight years—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, are in the private sector.

Median Family Income Up $6,000 since 1993: Economic gains have been made across the spectrum as family incomes increased for all Americans. Since 1993, real median family income has increased by $6,338, from $42,612 in 1993 to $48,950 in 1999 (in 1999 dollars).

Unemployment at Its Lowest Level in More than 30 Years: Overall unemployment has dropped to the lowest level in more than 30 years, down from 6.9 percent in 1993 to just 4.0 percent in November 2000. The unemployment rate has been below 5 percent for 40 consecutive months. Unemployment for African Americans has fallen from 14.2 percent in 1992 to 7.3 percent in October 2000, the lowest rate on record. Unemployment for Hispanics has fallen from 11.8 percent in October 1992 to 5.0 percent in October 2000, also the lowest rate on record.