Time: 2024-07-19
CNN reported that in 2018 , Jonathan and Trista Schmier took a big risk by quitting their property management jobs and opening a restaurant , Rustic Burger , in Fayetteville , North Carolina . Trista designed the menu , offering 20 types of burgers , and they had no trouble filling jobs that paid an hour . They expanded to a second location before the pandemic forced them to close in 2022 due to the troubled economy . The rising costs of food and labor made it unsustainable for them to continue operating the restaurants.
Under former President Donald Trump , many Americans believed the economy was stronger . The Schmiers , like millions of others , felt confident during the Trump administration to open a chain of restaurants . A CNN poll found that 51 % of registered voters trusted Trump more to handle the economy than President Biden . However , some experts noted that the economy under Biden has also seen some positive aspects , such as strong labor market performance and high employment rates for women.
An analysis by Bloomberg in 2021 found that GDP growth under Trump was lower than most post - World War II presidents , even before considering the impact of the COVID-19 pandemic . The U.S. economy grew by 1.6 % during Trump 's term in office , with Pennsylvania having the lowest GDP growth among the battleground states . The pandemic disrupted economic growth , but some states like Arizona and Nevada saw positive growth rates before COVID hit.
Statista data provided insights into how battleground states performed economically during Trump 's presidency . States like Arizona and Nevada had positive growth rates before the pandemic , while Pennsylvania had the lowest GDP growth . Each state had its leading industries and fluctuating annual GDP growth rates , indicating the varying economic landscapes across the country during Trump 's administration.
Business
