![]() The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.Home prices hit an all-time record high.Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.Small business confidence hit a new high.80 percent of small businesses are now open, up from just 53 percent in April.Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.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.Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.Jobs have been recovered 23 times faster than the previous administration’s recovery.Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.Īchieved a record-setting economic comeback by rejecting blanket lockdowns.Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.Rebuilding and investing in rural America. The S&P 500 and NASDAQ have repeatedly notched record highs.The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.Hit record stock market numbers and record 401ks. Small business optimism broke a 35-year old record in 2018.Put in place policies to bring back supply chains from overseas.Created more than 1.2 million manufacturing and construction jobs.African American homeownership increased from 41.7 percent to 46.4 percent.īrought jobs, factories, and industries back to the USA.Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.The bottom 50 percent of American households saw a 40 percent increase in net worth.Income inequality fell for two straight years, and by the largest amount in over a decade.Poverty rates for African Americans and Hispanic Americans reached record lows.Lifted nearly 7 million people off of food stamps. ![]()
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