What Would The Economy Look Like If Donald Trump Gets A Second Term?
Consider This from NPR
NPR
4.1 • 5.3K Ratings
🗓️ 28 January 2024
⏱️ 14 minutes
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Summary
When he gave his final State of the Union address in February 2020, employers had added more than six million jobs, unemployment was at three-and-a-half percent and the stock market was soaring.
But by March all of that ended as coronavirus spread rapidly across the globe.
Donald Trump is poised to capture the Republican presidential nomination. As president, some of his economic policies came out of the traditional Republican playbook. But other policies were more populist, more nativist and more unpredictable.
NPR's Scott Detrow speaks with Chief Economics Correspondent Scott Horsley about what might change, and what might stay the same, under a second Trump administration.
Transcript
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| 0:00.0 | Throughout his time in the White House, former President Donald Trump loved to brag about how much, according to him, he was doing for the economy. |
| 0:09.0 | From the instant I took office, I moved rapidly to revive the US economy, slashing a |
| 0:15.2 | record number of job killing regulations, enacting historic and record setting |
| 0:20.6 | tax cuts, and fighting for fair and reciprocal trade agreements. |
| 0:25.8 | That was when Trump's final State of the Union address in February 2020, |
| 0:30.9 | which was probably in many ways the high water mark of his administration. |
| 0:35.0 | Since he had taken office, employers had added more than 6 million jobs. |
| 0:39.0 | Unemployment had dropped to a low 3.5 percent, |
| 0:42.0 | and the stock market had soared nearly 47%. |
| 0:46.3 | No president has total control of the economy, of course, but that never stopped Trump from claiming |
| 0:51.1 | credit. |
| 0:52.1 | Our agenda is relentlessly pro-worker, pro-family, pro-growth, |
| 0:58.8 | and most of all, pro-American. |
| 1:01.3 | But in a few weeks it would all come crashing down as the |
| 1:07.4 | coronavirus spread rapidly throughout the world. Here's Trump addressing the |
| 1:12.2 | country from the Oval Office back in |
| 1:14.0 | 2020. From the beginning of time, nations and people have faced unforeseen |
| 1:18.8 | challenges, including large-scale and very dangerous health threats. |
| 1:24.0 | This is the way it always was and always will be. |
| 1:29.0 | It only matters how you respond and we are responding with |
| 1:33.2 | stopping the virus through nearly 22 million people in the US out of work |
| 1:37.7 | and set the stock market into a free fall. Trump and his supporters like to gloss |
... |
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