(CNN) President Donald Trump's election-year economic record looks extraordinarily bleak: widespread business failures, the highest unemployment since the Great Depression, the largest output drop in modern history. At minimum, that complicates Trump's task of digging out of his deep political hole against Democratic nominee Joe Biden this fall. And in 2020, the unique nature of Trump's presidency and unique circumstances of his economic woes make their effects all the more difficult to fathom. Economic collapse did not cause Trump's political problems. Solid growth, low unemployment and strong financial markets didn't keep his party from losing its House majority in 2018, or keep Trump from falling behind Biden early this year.

Source: CNN August 23, 2020 10:52 UTC