MEADETRUTH

Election 2023

The Economy Created By A President To Reach All Americans

October 29th, 2020

PRESIDENT TRUMP CRE-ATED A ROARING ECON-OMY THAT PROVIDED OPPORTUNITY FOR ALL AMERICANS, AND WHEN THE PANDEMIC HIT, HE TOOK UNPRECEDENTED STEPS TO ENSURE THE ECO-NOMIC RECOVERY WOULD REACH EVERY AMERICAN

Before the coronavirus pandemic, the U.S. had added more than 7 million new jobs since President Trump was elected

he U.S. added 2.1 million jobs in 2019 alone, “more than enough to handily outpace population growth.”

The average unemployment rate in 2019 was 3.7%, the lowest in 50 years.

Due to President Trump’s efforts, America is poised to create another booming economy like he did before the coronavirus emerged.

Early on, President Trump took decisive action by providing relief to workers impacted by the coronavirus by signing the CARES Act.

The Trump Administration’s CARES Act created the Paycheck Protection Program (PPP), which delivered more than $600 billion in funding to support small businesses and help keep Americans employed during the pandemic.

The PPP provided more than $521 billion in forgivable loans to more than 5 million businesses and has protected more than 51 million jobs.

The CARES act also provided economic assistance to 159 million Americans, totaling $265 billion.

To ensure that Americans continue to receive economic support, President Trump took Executive action by implementing an eviction ban, providing relief to student borrowers, suspending the collection of payroll taxes, and reviving unemployment benefits.

Since the President has taken action, economic recovery efforts show that the housing market is booming, small business sentiment is bullish, and manufacturing is on the rebound.

Data shows that the U.S. economy is recovering from the pandemic shutdowns “much faster than most economists predicted.”

Experts warn that if Joe Biden is elected, his policies will halt the recovery as they would “reduce full-time equivalent employment per person by about 3%, the capital stock per person by 15%, and real GDP capita by more than 8%.”

“This means there would be 4.9 million fewer working Americans, $2.6 trillion less in GDP, and $6,500 less in median household income.”