The answer has little to do with the economy and a lot to do with race and partisanship.
Donald Trump will leave office with the economy considerably worse off compared to where it was when he was elected four years ago.
The unemployment rate hit 6.9% in October, down from record double-digits in April, the Labor Department announced Friday. This is an improvement, but when Trump was inaugurated in 2017, it was 4.8%. The jobless rate is now basically what it was right before Barack Obama took office in the middle of a financial crisis.
Economic output is lower than it was last year. One in 10 Americans said they aren’t getting enough to eat, up substantially from last year. An eviction crisis is on the horizon. With coronavirus infection rates continuing to rise, there are signs that the improvements we’ve seen in economy could slow or even reverse. Last week, 1.1 million Americans filed for unemployment. The Black unemployment rate is still in the double digits. Continue reading.