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Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The economy ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.
For example, for President Obama, the computation takes the 145.815 million jobs of February 2017 and subtracts the 133.312 million jobs of February 2009 to arrive at the 12.503 million figure. Four of the top five presidents in terms of total jobs added were Democrats.
Under Obama, from 2013 through 2016, real GDP growth averaged 2.5% per quarter. Under Trump, during the three years before COVID hit, it averaged 2.8%. Including COVID, GDP growth under Trump ...
That said, average hourly earnings growth under Trump had - prior to the pandemic - climbed persistently above 3% to its highest level in any year since the 2008 global financial crisis.
Writing in The Washington Post, Phillip Bump explained that for Trump's first term as of September 2019, performance on several key variables was comparable or below Obama's second term (January 2013 – September 2016), as follows: 1) Real GDP was up 7.5% cumulatively under Obama, versus 7.2% under Trump; 2) The total number of jobs was up 5.3 ...
GDP growth was lowest under Trump and Obama.Benzinga's Take: The stock market is a leading economic indicator, and the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 19.8% in the last six months.That ...
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Over the summer, a popular graphic circulated on Facebook stating that "Trump shatter(ed) world history two months in a row," with 2.5 million jobs created in May and 4.8 million jobs...