Trump’s failures

His supporters say he has accomplished more than any other president. Just what has he accomplished?

Photo by Darren Halstead on Unsplash
  1. Worse federal budget deficit ever. Trump famously promised to eliminate the federal budget deficit. Oh well. In February 2019, the Federal Reserve reported the largest deficit in over fifty years at $233 billion. And that’s before the coronavirus crisis.
  2. Massive tax cut to the ultra-wealthy. According to that liberal rag Forbes, in 2018, thanks to Trump’s tax cut, for the first time in history, the 400 wealthiest people paid a lower tax rate than any other group. This point leads directly to my next point…
  3. Massive wealth inequality. According to the Pew Research Center, income inequality has reached an all-time high. In fact, for the first time in over fifty years, the top fifth wealthiest families in the country earned over fifty percent of the national income, and the group who suffered most as a result were the so-called middle class. What’s more, among developed countries, we have the highest level of inequality, and our inter-generational income mobility, in other words the ability of kids to do better than their parents did, is among the three worst in the world. So much for the American dream.
  4. Immigration rate continued to increase. Trump’s other signature issue is likely immigration. Well here too, his policies have proven a failure. According to the Pew Research Center, the immigrant share of the U.S. population has reached an all-time high. This despite the wholesale cruelty of this administration with its child separation policy, concentration camps for immigrants that have become hotbeds of coronavirus, and taking billions from the military to build his unauthorized border wall.
  5. American prestige at an all time low. According to a 25 nation survey conducted by the Pew Research Center, the world views us more negatively than ever before. In fact, opinion in our closest ally, Canada, has reached an all time low. To make matters worst, most of the world thinks the U.S. is in decline and China is on the rise. These numbers, by the way, are a significant change from the results of similar surveys while Obama was President.
  6. Even before the current crisis, the American economy was just so-so. Despite his claims to the “greatest economy in the history of our country,” actual economic data indicate that his economic performance is just a continuation of Obama’s. More jobs were created in the 31 final full months of Obama’s presidency (6.91 million) than during the 31 first full months of Trump’s presidency (5.85 million). Economic growth has continued at about the same pace as during the Obama administration, and median household income growth has actually slowed. And that’s all before our economy essentially entered a depression.

Mike is an Assistant Professor of Management for Legal and Ethical Studies at Oakland U. Mike combines his scholarship with practical experience in politics.

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