- Sun Nov 05, 2017 7:53 am
#96108
https://wsj.com/wsjusnovember17/?tracki ... 05154940:s" onclick="window.open(this.href);return false; Donald Trump has already produced arguably the greatest economic results in American history. You might have missed that in the media. But here are the facts.
First, Trump’s remarkable stock market performance. The DOW has risen almost 25% since Election Day. That’s an increase of over 4,300 points in about 11 months. That’s the biggest increase in that period of time in the history of the stock market.
The S&P 500 has passed $20 trillion in value for the first time in history.
President Trump is also the only President in history to oversee two nine-day or longer stock rallies (where new highs are reached each day). Included in that record is the 12-day rally ending on February 28th- matching the all-time record set by President Reagan in 1987.
Since the election of President Trump, the stock market has hit 63 closing highs, with 46 since Trump’s inauguration. On the other hand, Obama had exactly -0- stock market highs in his first four years in office.
In total President Trump has added over $5 trillion to the U.S. economy since his election. Remarkable. That’s called star power. That’s real hope and change.
Trump’s GDP. As I’ve always argued, GDP is a far more important economic indicator than the stock market. GDP is hard evidence of how “mom and pop” are doing on Main Street. Under Obama, America suffered the eight worst consecutive GDP years in history. Obama’s eight-year GDP average was 1.3%- the exact same GDP number as the period of the Great Depression.
According to the Bureau of Economic Analysis, U.S. GDP has now been adjusted to a remarkable 3.1% growth in the second quarter (Trump’s first full quarter as president). That’s almost THREE TIMES HIGHER than Obama’s average GDP over his two terms.
That grew our total U.S. GDP to almost $20 trillion- the highest GDP in history.
Trump’s jobs explosion. President Trump added 1.33 million jobs from January through September versus Obama’s record of losing 4.59 million jobs in that same first nine months. Remarkable.
But the latest jobs report just came out on Friday. According to the Bureau of Labor Household Survey, the number of employed Americans increased by an amazing 906,000 for the month of September. But that’s not even the highlight.
Remember that almost every single job created in eight years under Obama was a crappy, low-wage, part-time job. Well under President Trump last month, full-time jobs (the kind we all want and need) increased by 935,000- the most in one month in the 21st century.
And President Trump is doing it without spending record sums of taxpayer money. Trump added $400 billion (a two percent increase) to the US debt since January. In the same time period, President Obama added $1.3 trillion debt (a 12% increase). That’s almost $1 trillion more than Trump.
THIS ECONOMY IS "TRUMP STRONG."
First, Trump’s remarkable stock market performance. The DOW has risen almost 25% since Election Day. That’s an increase of over 4,300 points in about 11 months. That’s the biggest increase in that period of time in the history of the stock market.
The S&P 500 has passed $20 trillion in value for the first time in history.
President Trump is also the only President in history to oversee two nine-day or longer stock rallies (where new highs are reached each day). Included in that record is the 12-day rally ending on February 28th- matching the all-time record set by President Reagan in 1987.
Since the election of President Trump, the stock market has hit 63 closing highs, with 46 since Trump’s inauguration. On the other hand, Obama had exactly -0- stock market highs in his first four years in office.
In total President Trump has added over $5 trillion to the U.S. economy since his election. Remarkable. That’s called star power. That’s real hope and change.
Trump’s GDP. As I’ve always argued, GDP is a far more important economic indicator than the stock market. GDP is hard evidence of how “mom and pop” are doing on Main Street. Under Obama, America suffered the eight worst consecutive GDP years in history. Obama’s eight-year GDP average was 1.3%- the exact same GDP number as the period of the Great Depression.
According to the Bureau of Economic Analysis, U.S. GDP has now been adjusted to a remarkable 3.1% growth in the second quarter (Trump’s first full quarter as president). That’s almost THREE TIMES HIGHER than Obama’s average GDP over his two terms.
That grew our total U.S. GDP to almost $20 trillion- the highest GDP in history.
Trump’s jobs explosion. President Trump added 1.33 million jobs from January through September versus Obama’s record of losing 4.59 million jobs in that same first nine months. Remarkable.
But the latest jobs report just came out on Friday. According to the Bureau of Labor Household Survey, the number of employed Americans increased by an amazing 906,000 for the month of September. But that’s not even the highlight.
Remember that almost every single job created in eight years under Obama was a crappy, low-wage, part-time job. Well under President Trump last month, full-time jobs (the kind we all want and need) increased by 935,000- the most in one month in the 21st century.
And President Trump is doing it without spending record sums of taxpayer money. Trump added $400 billion (a two percent increase) to the US debt since January. In the same time period, President Obama added $1.3 trillion debt (a 12% increase). That’s almost $1 trillion more than Trump.
THIS ECONOMY IS "TRUMP STRONG."
- By johnforbes
- By brandon