The Trump vs. Obama economy — in 15 charts
Trump’s Obama envy is getting even worse
Jobs?
Trump pledged to save US factories — but a key measure of manufacturing just contracted for the first time since 2009
U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show
Graphic: Factory woes grip swing states that flipped for Trump in 2016
2017? 34th out of 81 years since 1939
2018? 23rd out of 81 years since 1939
2019 so far? 42nd.
Obama?
2009 – 81 out of 81 (Bush Meltdown….)
2010 – 58th – (Recovering from W)
2011 – 37th
2012 – 32nd
2013 – 31st
2014 – 16th! (250.5 per month) Trump best year? 223. 3
2015 – 22nd (227.4)
2016 – 30th
https://data.bls.gov/pdq/SurveyOutputServlet
GDP?
Real Gross Domestic Product (GDPC1)
GDP revised downward for 2018 as U.S. economy shows more signs of slowing
The U.S. economy grew 2.2 percent in the final quarter of last year, the Commerce Department said Thursday, less than the 2.6 percent the government initially estimated and another sign of a slowdown.
President Trump, however, has focused on how fast the economy grew in 2018, which was widely expected to be a strong year after the GOP tax cuts and infusion of more government spending. Trump contends the economy is taking off, while most economists say growth peaked last year.
Trump has been touting 3.1 percent economic growth in 2018. But officially, the Commerce Department said Thursday, the economy grew 2.9 percent last year.
In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion
U.S. to pay farmers up to $16 billion for trade war losses, South to benefit
Disastrous record deficits threaten US future yet barely make a ripple in Washington
It is like Trump is running America like it is a Casino?
Obama made Trump mad!
Trump was a BIRTHER:
Obama is better in every shape, matter and form! (I am going to be using a lot of Primary Sources – what we refer to as FACTS)
Unemployment?
https://data.bls.gov/timeseries/LNS14000000
Obama 7.8 to 4.7 Trump 4.7 to 3.7 Obama had to recover from Bush Meltdown – his second term? 8.0 to 4.7 – same number of months? 8.0 to 5.3 So in Unemployment – Obama wins!
Women? Blacks? Hispanics? Obama!
New Jobs? Obama! Ask FoxNewsResearch!
Trump Is Falling Almost 1 Million Jobs Short Vs. Obama
https://data.bls.gov/timeseries/ces0000000001?output_view=net_1mth
You can take their data and make your own spreadsheet and write formulas (you know, research, look for FACTS)
You can download the excel file and make your own formulas:
So Unemployment and New Jobs go to Obama – Stock Market?
S&P 500 Has Performed Far Worse Under Trump Than Under Obama
Stock Market Performance by President
DOW since 1/26/2018?
DOWN 1,120.29!
Dow Jones – 10 Year Daily Chart
DOW Under Obama?
So Unemployment, New Jobs Created and Stock Market all go to Obama.
GDP? Obama!
Trump and GOP promised economic growth much better than Obama’s. That’s not what happened
On the economy, Obama owns Trump
Obama Vs. Trump Economy: Who’s Winning?
So Unemployment, New Jobs Created, Stock Market and GDP for Obama.
National Debt? The Deficit? After all, the GOP promised a Balanced Budget in their 2016 GOP Platform!
US Debt by President by Dollar and Percent
Donald Trump: As projected in Table S-10 in the FY 2020 budget, Trump plans to add $5.088 trillion to the debt in his first term. That’s a 30 percent increase from the $20.245 trillion debt at the end of Obama’s last budget for FY 2017. If he remains in office for a second term, he plans to add $9.1 trillion. Trump had promised to eliminate the debt during his campaign.
- FY 2021 – $1.276 trillion.
- FY 2020 – $1.281 trillion.
- FY 2019 – $1.314 trillion.
- FY 2018 – $1.217 trillion.
Barack Obama: Added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.
- FY 2017 – $672 billion.
- FY 2016 – $1.423 trillion.
- FY 2015 – $327 billion.
- FY 2014 – $1.086 trillion.
- FY 2013 – $672 billion.
- FY 2012 – $1.276 trillion.
- FY 2011 – $1.229 trillion.
- FY 2010 – $1.652 trillion.
- FY 2009 – $253 billion. Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama’s contribution to the debt.
Deficit Don? Red ink gushes in Trump era
Candidate Trump bragged that he would pay off the entire federal debt in eight years, but President Trump is governing as if deficits don’t matter.
In fact, Trump is approaching the level of red ink from President Barack Obama’s first term, when Obama racked up trillion-dollar deficits four years in a row. Trump is on pace to do the same, starting with this year’s yawning deficit of more than $1 trillion, according to budget estimates.
But there are huge differences: Trump has a growing economy with historically low unemployment and a soaring stock market, while Obama was battling a brutal downturn in the economy during the worst recession in 80 years, making it much harder to curb federal spending.
The US budget deficit skyrocketed to a record $207.8 billion in May
Interest is money that could be going to other things:
Interest payments on US debt could top $1 trillion
White House’s Kudlow: $22.5 trillion debt is not ‘a huge problem’
So Unemployment, New Jobs Created, Stock Market, GDP and National Debt go to Obama. Wages?
Consumers power the economy — so what happens now that wage gains are falling?
In Closing:
Trump’s recent statements about the economy are false or exaggerated — here are 4 charts that prove it
