Thursday, May 30, 2024

President Donald J. Trump ‘Promises Made, Promises Kept’

By Dr. Rich Swier

We thought it would be important to look at what President Donald J. Trump did during his 4-years in office.

As people go to the polls on November 5th, 2024 it is important to compare and contrast what Trump did in his time in office and what Biden has done while in office.

This information comes from the White House archives:

Foreign Policy

President Trump restored American sovereignty at home and American leadership abroad, partnering with strong and responsible nations to promote security, prosperity, and peace. Instead of sending American troops to fight in endless wars or giving cash to terrorists in countries like Iran, the United States under President Trump used bold, creative diplomacy to secure peace deals with our allies across the world.

With the same “peace through strength” foreign policy that President Reagan once used to win the Cold War, President Trump rebuilt American deterrence power to hold our adversaries accountable. Perhaps most important, the Trump Administration reversed Washington’s decades-long, bipartisan refusal to confront China over its unfair trade practices, intellectual property theft, and more.

Immigration

President Trump kept his promise to build a wall on our southern border between the United States and Mexico. With 450 miles complete—and many more in progress—illegal crossings plummeted over 87 percent in areas where the wall went up.

By enforcing America’s immigration laws, President Trump made major gains toward ending the humanitarian crisis at our border; keeping criminals, terrorists, and drugs out of our country; and protecting American workers and taxpayers against job loss and misuse of the welfare system.

National Security & Defense

President Trump rebuilt the United States military after eight years of decline and neglect under the previous Administration. He revitalized our defense industrial base, secured the largest pay raise for our troops in a decade, and created the sixth branch of our Armed Forces: the United States Space Force. President Trump also became the first American leader since Ronald Reagan not to start a war.

On President Trump’s watch, the world’s most notorious terrorists were brought to justice; the ISIS territorial caliphate was completely destroyed; and violent, corrupt regimes were held accountable through a mix of sanctions and targeted military action.

Economy & Jobs

Before the Coronavirus spread from China across the globe, President Trump helped America build its strongest economy in history. Median household incomes rose to their highest level ever in 2019, while the poverty rate hit an all-time low. Under the Trump Administration, more Americans were employed than ever before—160 million—and the unemployment rate fell to a 50-year low. The unemployment rates for African-Americans, Hispanic-Americans, and Americans without a high-school diploma all hit record lows, while the Trump “Blue-Collar Boom” saw wages grow faster for workers than for managers or supervisors.

After COVID-19 forced a temporary economic shutdown, President Trump signed the largest relief package in American history to protect workers and families from economic devastation. Under President Trump’s leadership, the American economy surged back to life within months, seeing record growth and job gains.

UNPRECEDENTED ECONOMIC BOOM

Before the Coronavirus invaded our shores, we built the world’s most prosperous economy

  • America gained 7 million new jobs—more than three times government experts’ projections
  • Middle-class family income increased nearly $6,000—more than five times the gains during the entire previous administration
  • The unemployment rate reached 3.5 percent, the lowest in a half-century
  • Achieved 40 months in a row with more job openings than job hirings
  • More Americans reported being employed than ever before—nearly 160 million
  • Jobless claims hit a nearly 50-year low
  • The number of people claiming unemployment insurance as a share of the population hit its lowest level on record
  • Incomes rose in every single metro area in the United States for the first time in nearly three decades

Delivered a future of greater promise and opportunity for citizens of all backgrounds

  • Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows
  • Unemployment for women hit its lowest rate in nearly 70 years
  • Nearly 7 million people were lifted off of food stamps
  • Poverty rates for African Americans and Hispanic Americans reached record lows
  • Income inequality fell for two straight years—and by the largest amount in over a decade
  • The bottom 50 percent of American households saw a 40 percent increase in net worth
  • Wages rose fastest for low-income and blue-collar workers—a 16 percent pay increase
  • African American homeownership increased from 41.7 percent to 46.4 percent

Brought jobs, factories, and industries back to the USA

  • Created more than 1.2 million manufacturing and construction jobs
  • Put in place policies to bring back supply chains from overseas
  • Small business optimism broke a 35-year-old record in 2018

Hit record stock market numbers and record 401ks

  • The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020
  • The S&P 500 and NASDAQ have repeatedly notched record highs

Achieved a record-setting economic comeback by rejecting blanket lockdowns

  • An October 2020 Gallup survey found 56 percent of Americans said they were better off now than four years ago, even in the midst of a global pandemic
  • During the third quarter of 2020, the economy grew at a rate of 33.1 percent—the most rapid GDP growth ever recorded
  • Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost
  • Jobs have been recovered 23 times faster than the previous administration’s recovery
  • Unemployment fell to 6.7 percent in November, from a pandemic peak of 14.7 percent in April—beating expectations of well over 10 percent unemployment through the end of 2020
  • The 8 percentage point decline in the unemployment rate from April to November is the largest seven-month reduction ever recorded
  • Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent, compared to just 3 months for the Trump Administration
  • Since April, the Hispanic unemployment rate has fallen by 10.5 percent, Asian-American unemployment by 7.8 percent, and Black-American unemployment by 6.4 percent
  • 80 percent of small businesses are now open, up from just 53 percent in April
  • Small business confidence hit a new high
  • Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006
  • Manufacturing optimism nearly doubled
  • Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high
  • Home prices hit an all-time record high
  • The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy
  • Business confidence is higher in America than in any other G7 or European Union country
  • Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve

Biden has undone everything that President Donald J. Trump did and has hurt the American people more than any other president in history.