This marks the second quarter in a row Trump has presided over a steep quarterly drop in the nation’s gross domestic product, the Associated Press reported on Thursday, following a five percent drop from January through March.
Since the federal government began recording quarterly GDP in 1947, the previous worst quarter was a ten percent contraction in 1958.
In 2016, Trump campaigned on growing the economy by up to six percent per year, but has repeatedly failed to fulfill that promise. The most the economy has grown was 3.2 percent in 2018 and GDP growth fell below 2.5 percent in both 2017 and 2019. Continue reading.