The right thinks Biden's economy is terrible. The data then reveal that Trump's economy was the worst since Hoover.

The right thinks Biden's economy is terrible. The data then reveal that Trump's economy was the worst since Hoover.

Donald Trump, the former president, was preoccupied with GDP.

• A number like this has never been seen before! At a rally in October of last year, Trump said.

• referring to GDP.

• Trump was, in fact, right - but not in a good way.

According to new research by Bloomberg

during Trump's four years in office, the United States had the lowest GDP growth rate - 1.6 percent - since President Herbert Hoover's administration during the Great Depression.

1. Annual GPD figures date back to 1929
2. Until Hoover left office in 1933
3. Growth was negative - 7.4%. Before Trump

The highest GDP growth rate was 5.5% under JFK, and the lowest was 1.8% under George W. Bush. Under Trump's predecessor, Barack Obama, the economy grew at a rate of 2.1%.

"Let's be clear from the beginning

it's not an ideal way to measure presidential economic performance," Bloomberg's Justin Fox said.

There are a lot of things that determine economic growth rates other than those in the White House, and when the president makes a difference, the results may be felt long after he leaves Washington. However, it is a widely used measure that Trump was completely obsessed with. 

As the COVID-19 outbreak may make the comparison look unfair, Fox has tested moving GDP data back and forth by a quarter.

 He also calculated its average by another key measure, gross domestic income

• adjusted for population growth

• but Trump's position remained unchanged

• He was among the last in the line.

With the notable exception of Ronald Reagan's presidency

Trump's historically low statistic reflects a 75-year trend, with GDP and job numbers expanding faster under Democratic presidents than Republican administrations.

 While some argue that Democratic presidents have simply been fortunate, others argue that because they prioritize large-scale economic growth programmes rather than tax cuts.

Trump has hinted at a new economic strategy, but his mandate's top legislative accomplishment has been yet another huge tax reduction, and his growth figures will further damage Republican standards, according to Fox. "Perhaps ill luck predominates.

This is going to be a very long way from him, though. 

With the exception of Reagan, all the accomplishments were the greatest of Democrats, which economists noted. In the nearly 75 years that we have quarterly GDP and monthly job numbers, Democratic presidents have seen a much faster rise than Republican presidents.

For the American Economic Journal in 2016, Alan S. 

outperformance in total productivity (TFP), a more favourable international environment, and perhaps a more optimistic consumer outlook for the near future ".

It seems that Democrats were simply more fortunate, perhaps better at instilling optimism.

 It could also have something to do with Democrats being more pragmatic than Republicans, who have focused on tax cuts as a key tool of national economic policy since 1980, or with democratic economic lobbying groups such as trade unions that favor policies "that raise the economy broadly. 

growth, claims a fresh report written by David Leonhardt of the NewYork Times earlier this year.

Trump hinted at a new economic strategy, but his remarkable legislative milestone was another major tax cut, and his growth figures would push Republican averages below. Maybe it's pretty bad luck. However, it will become a really long time.