by Mitch Kokai
Senior Political Analyst, John Locke Foundation
It doesn’t seem all that long ago the media and liberal academia were predicting economic meltdown in the aftermath of Trump’s election. Liberal “economist” Paul Krugman, for example, famously predicted after Trump’s election, “So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”
Well, the left has been repeatedly proven wrong about Trump and the economy, and once again, it’s pure joy to point out how wrong they were.
With the latest unemployment statistics in, we can see that Trump has presided over the lowest average unemployment rate of any president (at the same point in their presidency) in recorded history. Philip Klein of the Washington Examiner notes, “Since February 2017, Trump’s first full month in office, the monthly unemployment rate has averaged 3.9%. No prior president has averaged less than 4% over the first 35 months of his presidency. The closest was Dwight Eisenhower, when the rate averaged 4.3% between February 1953 and December 1955.” …
… Who’s the president with the highest average unemployment rate for his first 35 months? Barack Obama with 9.3 percent.