So why didn't it during his first term? In fact, the economy was booming under Trump until covid hit.
I think this is one of those points where people can have an honest conversation about economic policy and the effects without it being partisan bitching.
I think everyone can agree on two things looking at macroeconomic indicators:
1. The economy was objectively in good shape when Obama left office.
2. The economy was objectively in good shape during Trump before COVID.
I would argue that there were also some very poor long term choices by Trump that had positive short term effects on the economy:
-The tax policy instituted under Trump was a massive benefit to large corporations and the uber wealthy shareholder types. This was guaranteed to heat up the economy vs the alternative (i.e. a tax hike). But it also added trillions to the debt *before COVID*.
-The trillions added to the debt via these tax cuts ==> the huge part of our yearly deficit that is simply paying interest on an absurd national debt.
-Given the above, his policy was not long term sustainable. It was also inherently inflationary. If done again... well, I'm not an economist, but most seem to suggest that it would add even more to the debt and be even more inflationary in the long term.
On top of that, many of the tariffs were counter-productive, and the numbers are clear on manufacturing + infrastructure investment currently vs what happened under Trump. All tariffs raise prices, that is the entire point of tariffs... they are a way to weaponize trade to make more expensive domestic goods comparable with cheaper foreign goods.
There is a lot more you can deep dive on and discuss, but I'm not going to write a novel. It can be true that the economy was good under Trump while also recognizing that a lot of the policies with short term payoff are not long term sustainable, had some negative effects, and could pose a problem if done again.
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