When Donald Trump took office in January, he promised to usher in a new era of America’s dominance in the world.
“This is the new era,” he declared.
“The United States of America will once again lead the world in the development of high-tech manufacturing and the construction of the greatest military in history.
This will create the most prosperous nation in the history of the world.”
For some, however, the next five years were a disappointment.
As Trump took the reins of government in January 2019, the American economy contracted.
A surge in the use of imports, including steel and aluminum, reduced domestic demand for American products.
The economy contracted for five straight months in February, peaking at 4.7 percent in March.
This recession was not a good sign for Trump.
In the aftermath of the recession, the economy took a turn for the worse, and by mid-April the U.S. was on track to be in a deep recession.
The Trump administration’s stimulus package, which was approved in mid-July, included a $1.9 trillion stimulus package to finance infrastructure, public schools, and other government projects.
The package was supposed to take the economy out of a recession and allow it to recover by the end of the year.
But in mid September, the Federal Reserve reported that the U