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President Donald Trump pitched a wildly off-base claim about economic growth Monday as the White House used selective statistics to build a case that the economy is doing much better than when ...
However, the Obama administration added more jobs to the economy, comparing similar time-frames. Under Trump, in the three years prior to the pandemic, there were an additional 6.4 million jobs.
Trump boasts the economy reached historic heights during his first term. Here are 9 charts showing how it stacks up to the Obama and Bush presidencies.
But average monthly job growth has declined from 224,000 during Obama’s last three years to 182,000 during Trump’s first three. This chart shows the unemployment rate from 2010 to 2020.
“Can’t make it up: Obama now wants credit for the booming Trump economy. At least we can all agree the economy is better under President Trump.” — White House Press Secretary Sarah ...
When Obama was president, Trump often trashed the state of the US economy and jobs market. He called the April 2012 jobs report “ terrible ” for adding just 72,000 jobs.
It’s hard to look at this data and argue that the Trump economy represents a sharp break with the Obama economy. But that argument cuts both directions. Trump hasn’t unleashed an economic ...
In the three years before COVID-19, the U.S. economy under Trump performed about the same as it had during the last three years of Obama's presidency.
Presidents’ have to deal with the cards they are dealt. Obama inherited the Great Recession, while Trump has had to deal with a pandemic. Trump will generate more debt in his four years than ...
Murad Antia is a finance instructor in the Muma College of Business at USF [ USF ]. When Obama assumed office in 2009 the economy was in the throes of the worst recession since the great depression.
Mr Trump came to power with unrealistic promises to create 25m jobs and supercharge economic growth, and to that end cut taxes and boosted spending, widening the fiscal deficit (see chart 1).
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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