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Trump continually boasts about having "built the greatest economy ever" before the pandemic.
But even before COVID, when the market was at an all-time high, the gains in the Dow seen during Trump's term were just above average compared to his predecessors at the same point.
But even before COVID, when the market was at an all-time high, the gains in the Dow seen during Trump's term were just above average compared to his predecessors at the same point.
Let's look at Valentine's Day, which was just before the market began to tank because of COVID. It was near its all-time high. And let's compare how the market performed under Trump from his inauguration until then and compare as far back as we can against his predecessors.
(Dow market growth - Inauguration until 1,120 days later - around Valentine's three years later. Before COVID)
1) Clinton (1993-96) +72.10%
2) Obama (2009-12) +62.01%
3) Reagan (1985-88) +59.03%
4) Clinton (1997-00) +53.71%
5) Trump (2017-20) +48.27%
6) Bush (1989-92) +45.21%
1) Clinton (1993-96) +72.10%
2) Obama (2009-12) +62.01%
3) Reagan (1985-88) +59.03%
4) Clinton (1997-00) +53.71%
5) Trump (2017-20) +48.27%
6) Bush (1989-92) +45.21%
(Dow market growth - Inauguration through 1,120 days later. Before COVID)
7) Reagan (1981-84) +22.42%
8) Bush (2005-08) +18.20%
9) Obama (2013-16) + 18.12%
10) Bush (2001-04) +1.29%
11) Nixon/Ford (1973-76) -6.70%
12) Carter (1977-80) -6.80%
7) Reagan (1981-84) +22.42%
8) Bush (2005-08) +18.20%
9) Obama (2013-16) + 18.12%
10) Bush (2001-04) +1.29%
11) Nixon/Ford (1973-76) -6.70%
12) Carter (1977-80) -6.80%
So, going back through 12 Presidential terms (as far back as I could find data), the growth in the Dow Jones Industrial Average under Trump ranked #5 out of 12. And that's BEFORE COVID.
What about since COVID? The growth per President through 1,295 days (today):
1) Clinton (1993-96) +76.40%
2) Reagan (1985-88) +67.07%
3) Obama (2009-12) +65.66%
4) Clinton (1997-00) +58.78%
5) Bush (1989-92) +49.07%
6) Trump (2017-20) +38.36%
7) Obama (2013-16) +35.16%
1) Clinton (1993-96) +76.40%
2) Reagan (1985-88) +67.07%
3) Obama (2009-12) +65.66%
4) Clinton (1997-00) +58.78%
5) Bush (1989-92) +49.07%
6) Trump (2017-20) +38.36%
7) Obama (2013-16) +35.16%
8) Reagan (1981-84) +26.71%
9) Bush (2005-08) +9.17%
10) Carter (1977-80) -0.84%
11) Nixon/Ford (1973-76) -3.47%
12) Bush (2001-04) -7.22%
9) Bush (2005-08) +9.17%
10) Carter (1977-80) -0.84%
11) Nixon/Ford (1973-76) -3.47%
12) Bush (2001-04) -7.22%
So, when you factor in the impact of COVID in the market, the growth under Trump slipped a spot to #6 out of the last 12 Presidential terms.
But even before any of this happened, the stock market growth under Trump was just above average. Not "the greatest ever."
But even before any of this happened, the stock market growth under Trump was just above average. Not "the greatest ever."
Where else have we seen data that debunked Trump's claims of having built "the greatest economy ever?"
Well, even BEFORE the pandemic, he was exactly average in terms of the number of jobs created during his term, comparing him to his predecessors. https://twitter.com/TheValuesVoter/status/1279462067431489539?s=20
Well, even BEFORE the pandemic, he was exactly average in terms of the number of jobs created during his term, comparing him to his predecessors. https://twitter.com/TheValuesVoter/status/1279462067431489539?s=20
And even BEFORE the pandemic, Trump ranked just at average in terms of the average GDP growth when you compare his numbers to those for his predecessors at the exact same points in time. https://twitter.com/TheValuesVoter/status/1287871714282545159?s=20
Trump's sales pitch is that he's some sort of economic genius and that the economy was the greatest it ever was before the virus upended it.
(He ignores the fact the same virus hit the rest of the developed world at the same time and they've recovered). https://twitter.com/TheValuesVoter/status/1289432681558794240?s=20
(He ignores the fact the same virus hit the rest of the developed world at the same time and they've recovered). https://twitter.com/TheValuesVoter/status/1289432681558794240?s=20
But as you can see from the numbers - and please check and verify it for yourself - it's just NOT TRUE.
Even when everything was seemingly going awesome, when you compare US job, GDP and stock market growth under Trump versus under his predecessors, he was only average.
Even when everything was seemingly going awesome, when you compare US job, GDP and stock market growth under Trump versus under his predecessors, he was only average.
I almost forgot yet another economic metric: our national debt.
https://twitter.com/thevaluesvoter/status/1291478022399426563?s=21 https://twitter.com/thevaluesvoter/status/1291478022399426563
https://twitter.com/thevaluesvoter/status/1291478022399426563?s=21 https://twitter.com/thevaluesvoter/status/1291478022399426563
