A Reality Check. Part II
Do you like reality?
Please scroll down…
For the last four years, the #1 thing I hear from Trump supporters is: “Trump created a great economy!”
I respond by telling them that Trump did not create a great economy. Rather, he inherited one from Obama.
“Oh, no! The economy was terrible under Obama!”
I respond by telling them that Obama inherited a ruined economy from George W, and then he created the longest month-to-month period of economic expansion in America history.
“That’s not true! Everybody knows the economy under Obama was terrible!”
And, as always when trying to present facts to Trump supporters, I just shake my head.
Today is Trump’s last full day. So, we now have a full record of another economic indicator: the Dow Jones Industrial Average.
Trump has consistently raved about how well it has done under him.
Well, it did rise 56 percent.
However…drum roll, please…it rose 73.2 percent during Obama’s first term.
And…drum roll, please…it rose 105.8 percent during Clinton’s first term.
And what about the S&P 500?
Under Trump: a 67.8 percent gain.
Under Obama’s first term: a 84.5 percent gain.
Under Clinton’s first term: a 79.2 percent gain.
And what about job creation?
Clinton: almost 23 million jobs. The most for any president in history.
Bush: 500,000. That is 22.5 million less than Clinton.
Obama: 12.5 million. That is 12 million more than Bush.
Trump: minus 4 million. Yes, minus. Minus.
In short, Trump’s stock market record is worse than his two Democratic predecessors. And Trump’s job creation is spectacularly bad as compared to his two Democratic predecessors.
All this, yet again, proves a point: Democrats create stronger economies than Republicans.
Your email address will NEVER be made public or shared, and you may use a screen name if you wish.