- Real GDP growth under President Trump has beaten the Congressional Budget Office’s (CBO) projections every year and exceeded the rate of the Obama Administration’s expansion.
The
data doesn't seem to support this. It appears that in the best years of both Pres. Trump and Pres. Obama, the expansion was 2.9%. I suppose if you want to compare the average per year you can claim Trump wins, but it requires the negative growth rate of Obama's first year when he took office during a recession (which he turned around in his first year).
This claim by the White House appears to not be true and is, at best, misleading.
- Nearly 7 million jobs have been created nationwide since President Trump’s election, including more than 500,000 manufacturing jobs.
Except that
Obama created 1.5 million more jobs in his last three years in office than Trump did. Trump created 6.6 million new jobs in his first three years, Obama created 8.1 million new jobs in his last three years. That is also before we start counting the 700,000 jobs officially lost in March (with likely more to come).
- Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Americans without a high school degree, and disabled Americans have logged record lows.
Which Obama also did -- just that Trump built on Obama's recovery (at least until now).
- Nearly 2.5 million Americans have been lifted out of poverty, including nearly 1.4 million children.
Again, it will be interesting to see what these number look like in the fall, closer to the election.
- The poverty rates for African Americans and Hispanic Americans hit new lows in 2018.
Again, which they also did in 2016 -- this "fact" seems to be a repeat. And, again, these records were also set by Obama, just the trends continued under the first years of Trump's administration.
- Wages are rising faster for the bottom 10 percent of earners than for the top 10 percent of earners, and wage growth for employees has surpassed wage growth for managers.
- Since President Trump’s historic tax reform, the lowest earners have enjoyed faster wage gains than every other income group.
This is tends to be a misleading stat -- largely because the top 10 percent of earners frequently do not get "wages." In terms of compensation -- if they work for a corporation -- they tend to get more in benefits, particularly stock options and bonuses. Beyond that, most of their income is from various forms of investments. This metric is largely meaningless. The next point is the one that is more meaningful (even if untrue):
- Since President Trump’s historic tax reform, the lowest earners have enjoyed faster wage gains than every other income group.
The problem with this one,
it was only true for a short period in 2018. Yes, in 2018 the gap between the top 10% and the rest of us fell for a few months. The issue is, since 2018 the top 10% has recovered what the lost and the gap is again the widest it has been in decades -- and growing for the rich.
- The net wealth held by the bottom half of households has grown by 47 percent—more than three times the rate of increase for the top 1 percent of households.
- Real household wealth has increased by nearly $12 trillion since the start of 2017.
Source for these statistics:
The Historic Results Of President Donald J. Trump’s Economic Agenda | The White House
These last two I suspect, again, are cherry picked from specific time periods (a month or two) in 2018 -- of course, there is no actual source for these numbers. Your source links to campaign propaganda on the White House website, with no source give for these statistics or any supporting numbers.
Of course, these also ignore that Trump has raised the deficit more in good economic conditions than any president ever -- far outstripping Obama since the recovery. This year, before the pandemic, Trump was set to come close to tripling the deficit (that would be 300%) of what the deficit was during Obama's last year in office. With the pandemic -- which is why you try to eliminate and pay back debt in strong economies -- we are looking likely at least a 4 trillion deficit -- and it could be 8 trillion (or even higher) depending on how long the country is shut down. Pres. Trump just signed a $2 trillion dollar stimulus package, and likely with the country shut down until May, Congress will likely pass another stimulus package later this month. And that doesn't include the lowered tax revenue.
And that is just the economy -- allegedly his strongest category. As of the end of last year he'd added roughly 93 miles of new wall, with 1,300 miles of border with no wall still (and no plan to get most of it built). He's not created any health plan, which was a major campaign promise -- merely tried to dismantle Obamacare. He's not tackled infrastructure at all -- he did have a meeting with Democrats once to talk about it, which ended quickly when he accused Pelosi of insulting him and walked out.
There is far, far more that could be talked about but, again, the main point of the OP (and the Trump administration in general) is how great he's been for the economy, which has now taken a massive turn for the worse. In fact, there are arguments that could be made that the Coronavirus is far worse than it could have been if Trump wasn't trying to keep the economy propped up, rather that to quickly start to limit spread of the virus (and do more than an ineffective travel ban, which didn't stop people who had been in Wuhan from coming to the US without any type of quarantine -- only the Chinese that had been there.