President Trump has now been in office for more than two years and the results of his actions as President are exceptional, especially when compared to his predecessor President Barack Obama.
US Stock Markets
* President Trump is the only President in US history to oversee two stock market rallies of nine days or more where the markets set new highs each and every day.
* On February 28th, 2018, President Trump matched President Reagan’s 1987 record for most continuous closing high trading days when the DOW reached a new high for its 12th day in a row!
* Then in early August of 2018 President Trump reigned over a 9 day stock market rally with each day reaching record highs.
* The DOW daily closing stock market average has risen more than 40% since the election on November 8th, 2016. (On November 9th, 2016, the DOW closed at 18,332 – yesterday the DOW closed at nearly 26,000).
Since the 2016 Presidential election, the DOW reached record highs an amazing 103 times. There were more stock market highs (71) in 2017, Trump’s first year as President, than any year in history.
The fastest 500 point increase in major milestones in the DOW (i.e. between 26,000 and 26,500), the fastest 1000 point increase, 2000, 3000, 4000, 5000, 6000 and 7000 point increases in the DOW in major milestones have all occurred since President Trump became President. (No doubt the markets would be much higher if the Fed hadn’t increased rates multiple times whenever a new market milestone was reached.)
So how does this compare with President Obama’s first few years in office?
* The DOW daily closing stock market average tanked (went down) (-31% ) between Obama’s election win on November 4th, 2008 and March 5th, 2009. (On November 4th the DOW closed at 9,625 – on March 5th the DOW closed at 6,594. Overall it decreased more than 3,000 points during this time). The markets had no way to go but up after this time and they increased but at a sluggish rate.
Obama never saw a new stock market high his entire first term (his first 4 years in office). This is in spite of Obama receiving beneficial treatment from the Fed who kept rates at near 0% for most of Obama’s eight years in office.
According to the Bureau of Labor Statistics President Trump added 5,652,000 jobs in his two years plus through May (January 2017 through May 2019.) President Obama on the other hand lost (3,137,000) jobs in his same time period.
President Obama was so bad at creating jobs that by the end of his second term he said that jobs were not coming back.
The net difference in the same respective time periods shows that President Trump added 8.8 million more jobs than Obama.
According to the Bureau of Labor Statistics President Trump decreased unemployment since his inauguration to the lowest levels in 50 years! The unemployment rate in January 2017 was 4.7% and by May 2019 it was down to 3.6% . It has never been higher than the starting rate of 4.7%.
President Obama on the other hand again moved in the opposite and wrong direction in the same respective time period. In his first two years plus as President of the US, the unemployment rate increased from 7.8% in January 2009 to 10.0% by October of 2009. By May into his third year the rate was still at 9%.
Unemployment under Obama at the same respective time periods was horrible with nearly three times the rate of unemployment as under President Trump during the same time periods.
President Trump has decreased the number of individuals on food stamps and the amount of dollars spent on food stamps since he became President. In 2016, Obama’s last year in office, the US had 44.2 million participants on Food Stamps. The total costs in 2016 were $70.9 billion. In 2018, the number of participants had decreased to 39.7 million and the total costs also decreased to $64.9 billion. President Trump has decreased the number of participants by 4.6 million and costs by $6 billion.
President Obama on the other hand was king of food stamps. In Obama’s first two years the number of individuals increased by 12 million (from 28 to 40 million) and costs increased by more than $30 billion (from $37.6 billion to $68.3 billion).
President Obama’s policies increased the poor in America while President Trump’s policies are creating good paying jobs and economic prosperity.
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Overall based on the above data it is clear that President Trump is doing a solid, if not excellent job.