I don't disagree with any of that. My point is that the US hasn't fared too well in comparison to a number of other countries during the pandemic, contrary to the protestations from the President.
Can you show that the US hasn't fared well compared to other developed nations in terms of unemployment rate and GDP growth? These countries also locked down which caused damage too.
I don't see that the economy was better than it was under Obama.
Obama first term GDP growth
2009: Leaving this out to be fair
2010: 2.6%
2011: 1.6%
2012: 2.2%
Average: 2.13%
Obama second term GDP growth:
2013: 1.8%
2014: 2.5%
2015: 2.9%
2016: 1.6%
Average: 2.2%
Trump first term:
2017: 2.4%
2018: 2.9%
2019: 2.3%
2020: Leaving this out to be fair
Average: 2.53%
Certainly going by the metrics that Trump campaigned on, we never saw more than 3.8% GDP growth, whereas
he assured us of 5% and above. Last time we saw 5% was in Q2 and Q3 of 2014 under Obama. He also made trade deficits, budget deficits, and the national debt staples of his campaign, so I think it only fair to evaluate him on what he said he would accomplish.
Trump made a bunch of unrealistic promises that not even the best president had any chance of achieving. But Obama did the same thing in 2008. Just watch one of his old campaign speeches. Its the voters' fault for believing this stuff every time.
When someone accidentally hits the bullseye while aiming for the outer bull, I don't attribute it to skill.
The booming economy was very predictable. The deficit increased from 500 billion to 1 trillion every year. That is a lot of money being borrowed and injected into the economy. Part of that was tax cuts for big businesses. The government also didn't raise interest very much like they were supposed to. As a result, GDP growth averaged 2.5% under Trump instead of less than 2% if we hadn't done all that. Trump and Republicans were responsible for this growth.
Problem is that you don't want all this government-fueled booming growth during expansions. People, the government, and businesses will start taking on larger debts in anticipation of future growth. People will spend more money on stuff they don't need (e.g. $200 air pods). The stock market and the housing market will become inflated. Also, the national debt will just grow out of control if it doesn't decline relative to GDP during good times. When the crash happens, it will be a lot more severe and the government will have less room to help the economy.
During booming times, you want to tamper down growth. You want to raise interest rates. Make taking on debts harder. Raise taxes, and cut government spending. That way, we start recessions with a balanced budget, can raise interest rates a lot, and cut taxes, and raise spending to increase the economy. People will be more accustomed to living within their means. As a result, the economy will be more stable and shift less wildly from expansion to contraction. Stability is good for long-term growth, business, and individuals.
He was the one who gave himself credit for everything that happened to the economy. His supporters bought the line that he was responsible for everything that happened to the economy.
All I said was that "our economy is worse off by nearly every metric now than it was before Donald Trump took office" which is entirely true. Those who believe that the President is wholly responsible for the successes and failures of the economy can make of that what they will.
This fallacy that the president is responsible for everything that happens is a fallacy that both sides make when it is convenient for them. Its is the responsibility of more intelligent people like you and I to not make this fallacy, even when other people do, and even when it is very convenient. Trump is partially responsible for some stuff, but not completely.