You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

Trump leaves town an outcast, trailed by pandemic, job losses

Unemployment is more than a third higher than when he entered office, and more than 400 000 Americans have died of Covid-19.
US President Donald Trump walks to the Oval Office while arriving back at the White House on December 31, 2020 in Washington, DC. Image: Tasos Katopodis/Getty Images North America

Donald Trump departs Washington on Wednesday with Americans more politically divided and more likely to be out of work than when he arrived, while awaiting trial for his second impeachment — an ignominious end to one of the most turbulent presidencies in American history.

Trump intends to leave in the morning for his Mar-a-Lago club in Palm Beach, Florida, arriving before President-elect Joe Biden is inaugurated. There, the ex-president will begin his post-presidency life attended at least temporarily by a handful of former White House staffers.

The last president who chose not to attend his successor’s inauguration was Andrew Johnson in 1869, another impeached leader. While Trump’s absence will break more than a century of precedent that has reinforced the peaceful transfer of power in the US, Biden has said it’s a “good thing” Trump won’t observe his swearing-in.

Biden arrived in Washington on Tuesday, where Trump isn’t expected to give him a meeting, according to people familiar with the matter, even though the president-elect is staying at Blair House across the street. All of the nation’s other living ex-presidents except Jimmy Carter, who is 96, will join Biden at Arlington National Cemetery after the inauguration to lay a wreath at the Tomb of the Unknown Soldier.

The outgoing president has been transformed into a political pariah in Washington among all but his most loyal supporters in the wake of the deadly January 6 insurrection at the US Capitol, which was inspired by Trump’s refusal to accept defeat and recognise Biden’s victory in the November election.

Unemployment is more than a third higher than when he entered office, and more than 400 000 Americans have died of Covid-19.

Even with the damage inflicted by the pandemic, US equity markets retained their swagger and posted solid returns during the Trump years. The Standard & Poor’s 500 Index rose 66% through Friday; the tech-heavy Nasdaq Composite Index climbed 135%.

Trump has left the door open for a second act in national politics, buoyed by the 74 million people who voted for his re-election despite his failure to contain the US coronavirus outbreak.

Yet his popularity has fallen considerably since the election and the Capitol riot, however. Several polls have shown that as he leaves office, record low numbers of Americans — less than 40%, according to an average by RealClearPolitics — approve of his performance as president.

The final Gallup poll of Trump’s presidency, released Monday, found him with 34% support on Monday — tied with Carter and George W. Bush, who left office with the country mired in the worst financial crisis since the Great Depression and Americans disillusioned with the Iraq War.

Trump’s attempts during his final weeks in office to tout his achievements, including his border wall and the withdrawal of US troops from the Middle East, were drowned out by the fallout from the riot. The violent storming of the Capitol left five people dead and showed the danger of Trump’s weeks-long campaign to whip his supporters into a frenzy over the election outcome.

Three quarters of Americans, including more than half of Republicans, say Trump bears some responsibility for the attack, according to a Pew Research Center survey.

Military presence

The Washington that Trump leaves behind now looks more like a military base than the seat of the world’s longest-standing democracy. Thousands of National Guard troops patrol the streets, while the Capitol, White House and large areas around them are fenced off to protect against another attack by Trump’s supporters.

Members of the National Guard walk past the US Capitol.
And Trump can’t altogether escape the place himself. Rather than being fully unburdened from the pressures of the presidency upon leaving office, he’ll have to eventually defend himself in his historic second impeachment trial in the Senate over his incitement of the Capitol riot.

Barack Obama, by comparison, spent part of his first few weeks as a former president kite surfing in the Caribbean with British business mogul Richard Branson.

The tumult is a fitting coda for a presidency that constantly pushed the boundaries of normal and exacerbated the nation’s political and racial divisions. Trump’s ability to instigate an attack on the Capitol by his loyalists with baseless claims about the election illustrated how, wittingly or not, he unleashed dark forces that previously inhabited the fringes of American life.

9/11 every day

The coronavirus pandemic, which Trump all but ignored as he sought to overturn his election defeat, has grown much worse in the final weeks of his presidency, with the recorded death toll reaching 400 000 on Tuesday.

Daily US deaths from Covid-19 have topped 4 000 multiple times since the start of the new year — more dead Americans, each day, than the number killed in the September 11, 2001, terror attacks. Hospitals across the country are bursting with patients suffering from the disease.

Trump claims the development of a coronavirus vaccine as one of his administration’s greatest achievements, but its rollout has been beset by distribution and bureaucratic failures. After top administration officials promised that more than 100 million doses of vaccine would be delivered by the end of the year, only about 15.6 million shots had been administered as of Tuesday, according to the Bloomberg vaccine tracker.

Trump has deflected blame, as he did throughout the crisis, instead faulting governors for not inoculating more people, faster. “They’re calling it a medical miracle,” Trump said of his administration’s vaccine effort in a speech last week near a segment of border wall in Alamo, Texas.

It will be the incoming Biden administration’s responsibility to speed up vaccinations and revive an economy still reeling from pandemic-related shutdowns. The president-elect has said 100 million people will receive a shot in the first 100 days of his term, a goal Trump administration officials call a low-ball figure since the nation is up to almost 900,000 doses a day already.

Jobless rate higher

At its peak, the Trump economy could boast one of the best job markets in decades. The unemployment rate was at a 50-year low, and women, people of colour and the disabled all shared in the gains.

But as a result of the pandemic, he leaves behind a jobless rate almost double what it was a year ago — and substantially higher than when he took office — with more than 10 million Americans unemployed. And as the pandemic rages on, people continue to lose their jobs.

In the week ended Jan. 9, nearly 1 million applications for state unemployment insurance were filed — as well as more than a quarter-million for a federal program covering those not traditionally eligible for unemployment benefits, like gig workers.

The Covid-19 crisis has also left a swath of the country struggling to pay bills and put food on the table. Almost 30 million Americans reported sometimes or often not having enough to eat, according to a Census Bureau survey in mid-December, and more than 17 million had little or no confidence in their ability to pay next month’s rent.

Taken together, the data show how the pandemic that crushed Trump’s chances of re-election will also serve as Biden’s foremost challenge as president.

Garden of heroes

Trump enters his post-White House life with key figures from the world of politics unwilling to associate with him following the Capitol riot. He has been cut off from major social media platforms, including Twitter, which will hurt his ability to grab the spotlight once he is out of office.

Before departing, the president issued a handful of last-minute executive actions. They include an order to create a statue garden for people Trump designated as American heroes, ranging from presidents to game show host Alex Trebek, and an order to discourage government agencies from seeking criminal prosecutions of regulatory violations. Both orders could be overruled by Biden.

Trump’s White House even released a new history of the country’s founding, written by a commission Trump appointed last year. The report, published on Martin Luther King Jr. Day, defended the nation’s founders’ handling of slavery and argued that modern identity politics “creates new hierarchies as unjust as the old hierarchies of the antebellum South.”

He’s expected to issue a number of pardons on Tuesday, though White House Counsel Pat Cipollone has resisted preparing preemptive grants of clemency for the president himself, family members or White House aides, according to people familiar with the matter.

Meanwhile, Trump has struggled to find legal representation for the upcoming impeachment trial, with some attorneys who represented him during his first impeachment no longer willing to associate with him.

He won’t have much time to cobble together a team. The Senate could begin its trial soon after Biden takes the oath of office on January 20.

If convicted, Congress may bar him from running for federal office ever again.

© 2021 Bloomberg


Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in to comment.


Bloomberg is just fake news- obeying their leftist’s masters in return for deregulation. For example, blaming Trump for CV-19 deaths. 400,000 out of 331 million is just 0.12% – not bad for a global epidemic. If you want to blame someone, blame China. First, they were in denial about the existence of CV-19 and then they let people leave Wuhan when they could have stopped it.

just to straighten the facts: job losses not because of Trump but indirect result of covid?

It has almost become a hallmark of American politics that every incumbent president arrives on a wave of hope and goodwill and leaves under a bit of a cloud. Donald Trump is no exception and perhaps has received more than his fair share of criticism due to his personality and the pandemic that arrived at a most unfortunate time for him. My suspicions are that over time when people look back at his presidency he will receive more praise for accomplishments that were overshadowed by events beyond his control.

This in all likelihood will start once the incumbent starts to feel the heat of the job in a year or so. It remains to be seen how much his success was due to a dislike for Trump. The many mental lapses recorded during his campaign would indicate that this could indeed have been the case.

What appears to have been lost here is the middle ground. Both sides seem to vehemently believe that the other side is dishonest and devoid of virtue and it has become very difficult to distinguish fact from fabrication.

Ah well said @Yourhighness and @jnrb. The only problem is, american media are not willing to standup against their puppeteers. The economist and Times Mag are also big culprits.

Which one was worse? CNN or Mr. Trump?

I could stand Mr. Trumps’ arrogance, Biden looks like a puppet.

I would rather go to jail, jump off a building or watch a brainless soapie before watching CNN.

…beginning to see anti-bias in your comments

Look forward to more. Thank you

I suspect Beijing is popping some corks today, seeing off their adversary and celebrating a return to “business as usual”.

Mr. Trump was just too much for everyone.

It feels like WWII finally is over and I don’t really care who won.

The USA is like a professional poker player/gambler,
somehow they will always come up with a dirty plan and short China out.

….more sins were cast at Trump, than he committed

Did any of his lies kill people?

WMD lies by Bush resulted in 1 million + dead and injured Iraqi’s

Obama promised to close Guantanamo and exit Afghanistan and Iraq. He instead used drones indiscriminately thousands killed and with the CIA formed ISIS. Denies wrong doing

Trump was crass and egotistical. History may just end up vindicating him on many points…not entering into stupid wars will be one

Joe Biden: “Hold my beer!”.

2 trillion here and two trillion there.

Naturally all printed.

The small guy at the back of the White house is going to work serious overtime to print all the Dollars. I don’t want his job.

And the paper manufacturers.

After the end of the Cold War the USA lost their common enemy and the partisan politics between the Dems and Reps just grew ever more vociferously.

Post Trump the NYT, WAPO, CNN and Bloomberg’s (and Fox News) will have to work hard to get their journalistic integrity back.

End of comments.





Follow us:

Search Articles: Advanced Search
Click a Company: