Ranking the Trump economy
- Thread starter indy35
- Start date
Sorry the article lost me when they threw Carter in there as guiding a strong economy.
Carter was 5th of the 7. The Carter economy included the largest annual increase in nonfarm payrolls and tied with Reagan’s for the second-most annualized growth in gross domestic product. Carter’s economy also saw the biggest annual increase in home equity.
The other indicators (bond performance, hourly wages, car sales) were where he was at or near the bottom.
No shit:
Under Carter automobile prices increased 72%; new house prices went up 67%. In 1979 alone, gasoline prices increased 60%. The inflation rate went from 6.8% in 1977, to 7.6% in 1978, to 11.5% in 1979, to 12.4% in 1980. National productivity declined sharply. Interest rates soared. By the time Carter left office, the prime rate was 21.5% — a new record.
