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Comparing the Trump-Pence and Obama-Biden Recoveries

Posted on Wednesday, October 28, 2020
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by Outside Contributor
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2 Comments

The U.S. has undergone two of its most wrenching economic downturns within just a dozen years: the 2008 financial crisis and the coronavirus pandemic. How do the two recoveries compare?

Both recessions imposed sickening costs. The 2008 crisis precipitated a drop in gross domestic product of 4.0 percent from the fourth quarter of 2007 to the bottom in the second quarter of 2009. The coronavirus pandemic triggered a shorter, sharper drop of 10.1 percent from the last quarter of 2019 to the second quarter of 2020. Since GDP data only come out quarterly, monthly economic statistics provide a basis for comparing the Trump-Pence and Obama-Biden recoveries.

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Kim
Kim
3 years ago

I agree, an administration that lays a stable foundation builds a resilient nation. No doubt. MAGA!

But, AMAC, won’t your writers please post articles in their entirety here instead of sending us to sites that bombard us with distracting advertisements? Thanks.

Beth
Beth
3 years ago

Considering a membership but would like to discuss with my husband who is out of town. Like what I’ve seen so far!

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