Description
President Barack Obama nor President Donald Trump deserve much credit for the decline in unemployment that occurred over the last decade until the pandemic changed everything. The real reasons that unemployment dropped to 3.5 percent by the end of 2019? Demographics, for the most part, and to some extent loose monetary policy and fiscal stimulus.
Let’s look at this chart, which shows historical data on unemployment over the past 11 years ending 2019. The narrative presented around this graph covers both the entire Obama presidency and the first three years of the Trump administration.
Turn off Fox and CNN. Start looking for all the opinions..... You're living under a cloud.
Nuff said
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