As the U.S. attempts to reboot its economy I think we should fairly judge Trump’s dashboard numbers moving forward into November as far as the economy.
I’ll call this Trump’s Economic Dashboard.
Trump’s Dashboard as of May 1, 2020:
Dow 24,345.72
Job loss in the past six weeks 30 million
Approximate unemployment 17%
GDP 1st quarter -4.8%
Debt added to the U.S. Treasury so far 4 trillion coronavirus related-7 trillion overall to date
There won’t be any need for snarky comments. The data will speak for itself in the coming months one way or another. Next week we’ll get into the U.S. ratio of current outstanding debt in relation to 2020 projected GDP. It was at 107% in December 2019.