Obama, Clinton lack in Trump stock performance


President TrumpDonald Trumpaguliani used provisional voting to vote in the 2020 election, in a similar way he despaired of fighting the result.Trump received the lowest job approval rating in the last days as DC managing editor Bill Sammon of President Fox News Retire more Ending his time in office with significant growth in the stock market, but stock gains have declined under predecessors Barack ObamaBarack Hussein Obama Biden Divided With Monumental Task Healing To Play Country Garth Brooks At Biden Swearing-In Ceremony, Obama Honors MLK Day: ‘He Never Gave Up Violence, Never Won A Treason Flag – MORE And Biel clintonWilliam (Bill) Jefferson Clinton focused on Biden’s first days challenge: focus and message on why the Senate should not prosecute impeachment, revise pardon power – giving voice to Speaker and Congress.

Since Trump’s inauguration day, the Dow Jones Industrial Average rose from 19,827 to 30,930 on Tuesday, a 56 percent increase.

This increase is below the 73.2 percent growth rate seen in Obama’s first term or a 105.8 percent increase in Clinton’s first term.

A similar trend was true for the S&P 500, which was 67.8 percent under Trump, rising from 2,263 to 3,799. It was 84.5 percent in Obama’s first term and 79.2 percent in Clinton’s first term.

The only exceptions in the last three decades have been George W. Bush, who saw a drop of 3.7 percent at the Dow and 12.5 percent at the S&P in his first four years in office.

The figure would be unpleasant news for Trump, who often cited stock market performance as a sign of his economic acuity and business-minded policies.

The outgoing president highlighted the market in a farewell address on Tuesday.

“The stock market set records one after the other with 148 stock markets during this short time, and raised the retirements and pensions of hardworking citizens across our country,” he said, adding that 401 (k) s new heights. Has reached

“We have never seen such numbers as we have seen, and that is before the epidemic and after the epidemic.”

Other indicators also suggest that Trump fell short of many of his major economic campaign promises.

Trump, who campaigned on unnatural promises to eliminate $ 14.4 trillion in debt kept by the public, instead increased the debt level by 50 percent, leaving it at $ 21.6 trillion.

While a significant portion of that increase was due to emergency spending to fight the COVID-19 epidemic, more than half accounted for a combination of unpublished tax cuts and an increase in domestic and military spending on top of previous growth rates of debt.

Trump also failed to achieve the campaign’s mark and the 3 percent annual growth rate promised in office, let alone the 4, 5 or 6 percent he occasionally avoided.

He oversees the largest quarterly economic growth on record in the third quarter, growing at an annualized rate of 33.1 percent, but the bounce back from the worst quarter on record with a 31.4 percent drop in the second quarter was the epidemic and 5 percent in the previous quarter. .

A region where Trump’s economic legacy shone, which fell to a 50-year low of 3.5 years under his watch, and saw historic upswing among groups like African Americans and Latino.

But when he steps down, those figures increase as a result of the epidemic, with 6.7 percent unemployment, 9.9 percent for African Americans and 9.3 percent for Latino.

.

Leave a Reply

Your email address will not be published.