A Reality Check. Part II

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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.

 

12 Comments

  1. RAinNC on January 19, 2021 at 6:42 pm

    It also proves that t* supporters are utterly resistant to and completely unhampered by facts. It is well known that facts have a nasty liberal bias. ;>

  2. Annette on January 19, 2021 at 7:14 pm

    Unfortunately you can’t convince someone to change their mind using facts and logic when they didn’t use facts and logic to make up their mind on the first place. Less than 24 hours till the Trump term ends. Literally have every thing crossed that the transition goes smoothly. In the meantime here’s one of the best parodies I’ve seen of late which will hopefully bring you a smile
    https://youtu.be/_QybcBH6rSw

  3. Mary on January 19, 2021 at 7:20 pm

    COVID consideration to be fair and rational. We wouldn’t want to lose our mansuetude.

    • Ross on January 19, 2021 at 7:26 pm

      America has the highest number of Covid deaths, by far, yet only 5% of the global population.

      I lay this squarely on Trump.

      As such, I lay the massive job loss on Trump, too.

      This is, IMO, fair and rational.

    • john feuchtenberger on January 19, 2021 at 11:05 pm

      ‘Pon my word! Haven’t heard that since I lived in France. The French word mansuétude means something like leniency, or indulgence–English is what, gentleness? Ross’ point is well made that it is willful blindness to excuse job loss from economic mismanagement as resulting from the pandemic, whose American severity is also caused by mismanagement.

      • Ross on January 19, 2021 at 11:25 pm

        Thank you, John.

        If the American Covid death toll (per thousand) was on par with other countries such as, say, Canada, England, Germany, and France, I would exempt Trump from blame, and would not attribute any Covid-related job loss to him.

        However…

  4. Mary on January 19, 2021 at 8:01 pm

    Sadly, the numbers will increase for specific groups.

    • Ross on January 19, 2021 at 11:33 pm

      Agreed, Mary.

      I’m in one such group: I’ll be 64 next month.

  5. Terry Mooney on January 19, 2021 at 9:13 pm

    You didn’t mention Trump’s impact on the national debt.

    • Ross on January 19, 2021 at 11:29 pm

      That, too!

      The deficit is more than five times higher than it was four years ago…FIVE TIMES HIGHER…while the debt has increased by almost $8 trillion. 8 TRILLION.

      Thanks Terry!

  6. john feuchtenberger on January 19, 2021 at 10:51 pm

    “Today is Trump’s last full day” I love it when you talk like that!

    • Ross on January 19, 2021 at 11:38 pm

      I do, too, John!

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