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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.
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 ...
The findings show that under the "greatest economy ever" boasts that Trump made before the pandemic, when job and wage growth were indeed strong, the fundamental contours of regional U.S ...
(Bloomberg Opinion) -- Joe Biden has argued that President Donald Trump didn’t so much build a strong economy as inherit one. It’s good line — but it ignores the successes, at least before ...
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 ...
Presidents who can claim record job growth include Bill Clinton, who added the greatest number of jobs with 18.6 million added between 1993 and 2001, and Franklin D. Roosevelt, who has the largest ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.