Guest post by Joe Hoft
President Trump has now been in office a year and a quarter. The results of his administration when compared to those of President Obama at the same time are stunning. In every economic measurement, President Trump far out performs President Obama.
The main stream media (MSM) and Democrat Party continue to smear the current President with the fake Russia collusion narrative. In doing so they also continue to not share the truth about President Trump’s many accomplishments. When compared to Obama [and really any President], President Trump’s efforts to shore up the economy are outstanding. President Trump’s economy is just plain on fire!
US Stock Markets
In President Trump’s first year and a quarter since the election and since his inauguration the US Stock Markets reached record highs and millions of Americans are benefitting in their retirement savings accounts.
(chart from Yahoo Finance)
* Since President Trump’s election the DOW daily closing stock market average has risen as much as 44%. (On November 9th the DOW closed at 18,332 – in January the DOW reached heights of over 26,500.).
* On February 28th, 2017, President Trump matched President Reagan’s 1987 record for the most continuous closing high trading days when the DOW reached a new high for its 12th day in a row!
* Under President Trump the DOW set the record for the fastest 500 point increase between major milestones when it reached 26,000 on January 17th. It only took 6 days to increase 500 points from 25,500.
* As a matter of fact, since President Trump’s election the DOW has set records for the fastest 500, 1000, 2000, 3000, 4000, 5000, 6000 and 7000 point increases in the DOW’s history!
* 2017 was the best year ever for the DOW. It increased more points than ever in its history (4,956) and it reached more all-time highs (71) than any year in history!
So how does this compare with President Obama? Under Obama the DOW never reached a new all-time high in his entire first term, let alone his first year and a quarter.
US Debt
As of May 1st, 2018, President Trump has increased the US Debt since his inauguration by $1.1 Trillion or 5.5%.
President Obama on the other hand increased the US debt in his first year and a quarter by twice as much or $2.3 Trillion or 21.8%.
Obama increased the US debt in his first year and a quarter by $1.2 Trillion more than President Trump or by more than twice as much! And to be fair, President Trump’s debt is at interest rates more than 1% higher than Obama and President Trump started with $10 Trillion more in debt than Obama. The higher rates and debt cause higher interest rate payments for President Trump‘s Administration to endure.
Jobs
According to the Bureau of Labor Statistics President Trump has added nearly 3 million jobs since January of 2017 (2.793 million). President Obama on the other hand lost nearly (-5) million jobs in his first year and a quarter in office (-4.923 million). That’s an 8 million job difference!
President Obama was so bad at creating jobs that by the end of his second term he said that jobs were not coming back.
Unemployment
Also according to the Bureau of Labor Statistics President Trump decreased unemployment to its current level of 4.1%. The unemployment rate in January 2017 was 4.8% and it has reached a low of 4.1% for the last six months in a row.
President Obama on the other hand again moved in the opposite direction. In his first year and a quarter as President the US unemployment rate increased from 7.8% in January 2009 to 9.9% as of March 2010. The unemployment rate during this time reached as high as 10%, some of the worst unemployment rates in US history and the highest since the early 1980’s after the Jimmy Carter years.
Decrease in Regulations
One of the first things that President Trump did in office was to reduce the number or burdensome regulations put in place during the Obama era. In January President Trump signed his 2 for 1 executive order mandating that for every new regulation, two regulations needed to be revoked. Even far left Politico noted that significant federal regulations since Trump’s inauguration have slowed to an almost total halt.
Regulations cost Americans and American companies money to implement and maintain. Reducing or halting regulations allows companies to spend their money on more prudent money making areas.
In Summary
Overall based on the above data it is clear that President Trump is doing a solid, if not excellent job.
The mainstream liberal media won’t report this, but when looking at the economy, President Trump the businessman crushes the former community organizer Barack Obama in every meaningful measurement.
