No, it was much better. Growth was solid for the entire tenure. Unemployment reached 50 year lows and prime age employment hit 25 year highs.
The difference is obviously these were not self inflicted like whatever the Trump administration is doing.
I will leave this here. I wish I could pin it. It's also very disingenuous to proclaim that the economy is 'terrible' and blame someone that's been in office for 2 months.
I'm not just going to assume ignorance on this topic, since HN seemingly has more intelligent people commenting here, but economic changes don't happen this quickly and are a direct result of the state of the economy prior to Trump coming into office.
> disingenuous to proclaim that the economy is 'terrible' and blame someone that's been in office for 2 months
He’s enacted massive tax increases and trade disruptions by fiat. You can see the stock market crash when he speaks.
Biden and Democrats overstimulated the economy in ‘22. Trump is trashing it in 2 months. If you have doubts, listen to him, Musk and Bessent on whether their policies will cause recession.
> The prevailing government indicator, known colloquially as “weekly earnings,” tracks full-time wages to the exclusion of both the unemployed and those engaged in (typically lower-paid) part-time work... Think of that: American workers on the median are making 16 percent less than the prevailing statistics would indicate.
As if that wasn't always the case. When you actually look at wages for the poorest Americas, they actually rose during the highest during the Biden administration https://www.epi.org/publication/swa-wages-2023/
I also don't think the economy is currently terrible - but it can easily tilt in that direction and we're on that path right now due to self-created chaos.