A Comparison of Two Presidents: President Trump versus President Obama – Their First 600 Days

Discussion in 'Politics' started by GR8 2B, Sep 8, 2018.

  1. GR8 2B

    GR8 2B A Florida Gator
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    As we approach the first 600 days into the Donald J. Trump Presidency it’s again time to assess his accomplishments. What better way to perform this analysis than to compare his results to the prior Administration’s – President Barack H. Obama’s?

    A Comparison of Two Presidents: President Trump versus President Obama - Their First 600 Days

    On Friday former President Barack Obama gave a speech in Illinois where he was critical of the current President while never referring to President Trump as “President”. Obama then took credit for President Trump’s economy.

    As we approach President Trump’s first 600 days in office, we decided to compare his economic results to those of Obama for the exact same time period. We start with the stock market results.

    The DOW

    After President Obama was elected President the already low stock market crashed. When Trump was elected the stock market skyrocketed. The markets are a gauge of the economy and include expectations of the future.

    The day President Obama was elected President, November 4th, 2008, the DOW stood at 9,625. Immediately however, the DOW began to tank and by March 9, 2009, the DOW could go down no further as it landed at 6,547 for a decrease of more than 30%.

    After President Trump was elected the DOW exploded. On November 8th, 2016, the DOW stood at 18,332. Since that date the DOW has soared and it never looked back.

    Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking. Since the 2016 election, the DOW has closed at new record all-time highs 99 times! (President Obama never saw a new all-time high in the DOW his entire first term and only saw 105 all-time closing highs from his first election win until Trump’s.)

    President Trump’s first year in office (2017) saw the most all-time stock market closing highs (71) as well as the largest increase in DOW history (4,956 points). Prior to 2017, no year in the DOW’s more than 100-year history ever saw the DOW increase by more than 3,500 points, let alone 4,900. The most all-time highs in a year prior to 2017 was 69 in 1995.

    Since President Trump was elected President the DOW tied the record for the most all-time closing highs in a row. In January of 1987 President Reagan saw the DOW increase to new all-time highs a record 12 days in a row. In February of 2017, President Trump matched Reagan’s record.

    The DOW reached its fastest 500 point increase between major milestones under President Trump. In January of this year the DOW surpassed 26,000 and six days later the DOW surpassed 26,500. Under President Trump the DOW has seen the fastest 1,000; 2,000; 3,000; 4,000; 5,000; 6,000 and 7,000 point increases in DOW history. No similar records occurred during the Obama years.

    Also, President Trump didn’t ride an Obama wave, the DOW under Obama went down in 2015 and stayed relatively flat until the 2016 election.

    Russell 2000

    The Russell 2000 is a major index of US small cap stocks recognized throughout the financial industry. The 2000 companies in the Russell 2000 are the bottom 2000 companies in the Russell 3000. These companies have seen incredible results as well since President Trump was elected President. The Russell 2000 reached 31 new highs in 2017 and this year already has reached 30 new all-time highs.

    The Russell 2000 never reached a new high in Obama’s first 600 days and only reached 3 new all-time highs in his entire first term! The other major indices are all the same, recording massive gains since President Trump was elected into office with dismal results in Obama’s first 600 days in office.

    GDP and Debt

    According Rex Sinquefield at Forbes in October of 2016 –

    The Obama recovery of the last seven years remains the worst in postwar American history. Average gross domestic product (GDP) growth since the bottom of the recession in 2009 was barely above 2.1% per year. The average since 1949 is well above 4% per year during the previous 10 expansions.

    This result is not just bad, it is catastrophic. The average American should not be wondering if his or her income is a bit above or below 2007 levels. Just by historical averages, the average American should be 20% better off than in 2007. And this slow growth is settling in as a permanent new-abnormal.

    I believe the root cause of abysmal growth is the huge tax increases imposed by Obama and the Democrats in Congress since 2008. The most harmful were the increase in the capital gains tax from 15 to 20 percent, the increase in top bracket income from 35 to 39.6 percent, and the new tax of 3.8 percent on investment income in the Affordable Care Act (ACA). The massive increase in regulatory burden through the ACA and Dodd-Frank bills are also crushing, but unfortunately are harder to measure.


    President Trump however last quarter reached a GDP of 4.2%.

    In regards to debt, President Obama increased the amount of US debt astronomically. By the time Obama left office he had doubled the US debt to $20 trillion and incurred as much debt as all previous Presidents combined. President Trump is slowing that trend.

    In his first 600 days President Obama increased the amount of US debt by $2.8 trillion. In his first 600 days, in spite of increasing interest rates and the massive debt that he inherited, President Trump’s debt increase is around half that of Obama’s ($1.5 trillion).

    As a result, the debt to GDP ratio is going down. President Obama increased the US debt to GDP ratio by 40% from around 60% in 2009 to over 100% in 2016.

    With his increasing GDP and slowing of debt increases, President Trump has managed to decrease the debt to GDP ratio in his first 600 days in office. This is a very good result that is rarely mentioned by the MSM.

    Jobs

    Charles Payne from FOX Business reported on some stunning manufacturing news. Via Making Money with Charles Payne:

    Speaking of jobs, I looked at the ADP report yesterday, Tammy, 830,000 new manufacturing jobs in the last 19 months. The prior 19 months, 26,000.

    Trump bested Obama by 804,000 manufacturing jobs since taking over White House when compared to the 19 months prior to the 2016 election! These high paying jobs are the same jobs that Obama said would never come back.

    In President Obama’s first 600 days in office, the US lost over (4.4) million jobs. In President Trump’s first 600 days in office, the US has gained over 3.4 million jobs.

    In summary, in every major economic category, President Trump’s economy is moving in the right direction and is mostly record breaking. In comparison, President Obama’s economy his first 600 days were some of the worst months in US economic history. President Trump has reversed the Obama economic nightmare.
     
    #1 GR8 2B, Sep 8, 2018
    Last edited: Sep 10, 2018
    • ChiefGator

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      Great information, and don't forget that before Trump 2% or about was considered to be the new normal. And if we can re-engineer the federal government and train many people there is plenty of room for more manufacturing growth.

      Imagine say 25% of the fast food employees replaced by automation and trained for manufacturing jobs. Imagine a lot of government workers moved to the private sector, saving the government massive amounts while reducing the deep state.
       
      • TLB

        TLB Just chillin'
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        I don't have any love for Obama, but he inherited a sinking ship when it comes to the economy. What preceded his election set the table for the '08-09 recession and nobody could have averted it, IMO. Did he do well in handling it, or as well as could be done? I can't say. But I refuse to pin it's crash upon him.

        The subsequent 7-8 years, yes, all on him. The lack of recovery, being told to accept the new abnormal. This is all on him.
         
        • SC Gator

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          Please present an update with market after the first 700 days in office with the market for both Presidents! Want those lefty socialist to eat it! Make sure you show the explosion of the markets after the tax cut! All those companies giving raises to the workers has paid off!

          But focus on year two of each presidency if you could! By then I would think that president would own the market. That way lefties cant say all the gaines for Trump in year one are credited to Comrade Obama!

          Don't forget to show the national debt numbers! The Left will be able to see how the debt under full GOP rule has been cut compared to the spending of the Dem socialist party! Sad Dems are taking over the house now, but luckily the GOP was in total control to get Mexico to build the wall!
           
          • Concrete Helmet

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            Dude...when you're in a sinking ship you don't pull the plug....Most economic pundits agree that if it weren't for Obama's blunders, Obamacare, raising taxes, Bailout as well as pissing off the most important sector of business(small business) the economy would have been in a full healthy recovery by 2010....sorry, truth.
             
            • TLB

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              Dude...I know. That's why I wrote the rest of the quote you omitted.
               
            • Politigator

              Politigator L-boy's Cousin

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              That is ridiculous.
               
              • Politigator

                Politigator L-boy's Cousin

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                This thread. :rolleyes4:
                 
                • Windy City Gator

                  Windy City Gator Well-Known Member

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                • Politigator

                  Politigator L-boy's Cousin

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                  As astutely pointed out by someone else, Obama did not start or cause the financial meltdown. Blaming the DOW drop on him is absurd.

                  But if you blame it on him, he gets credit for tripling the DOW. And that doesn't included reinvested dividends.

                  BTW the Dow is a nonsensical measure even as measuring the stock market.


                  Did you take any math? Apparently the author didn't. He needs to read up.on absolute vs relative relationships. Fun with numbers 101.

                  When the markets crash, as they inevitably will, I eagerly await your revision of the facts.

                  Read up on financial recessions. Debt meltdown driven recessions tend to cause slower post growth. This has been repeated throughout history. It is virtually impossible to explode the economy and deleverage consumer debt at the same time.

                  Trump has juiced gdp by blowing up the deficit with tax cuts and spending.

                  Bull****. There were no huge new taxes. A capital gains tax from 15 to 20 for a limited group of taxpayers will have negligible impact on growth.

                  We.had robust growth at 39.6% and 20% cap gsins in the late 90s.

                  So you are comparing debt from a near depression vs debt inherited from a healthy economy. Econ 101 much?

                  I don't think these trump deficits include the impact of the tax cuts that are less than a year old. We are going to have exploding peacetime budgets. If the economy tanks we could be looking at $1.5 trillion or more deficits.

                  So in a mostly capitalistic economy, the president is the primary driver of the economy?

                  Dumbest article I've read in a long time. My IQ dropped 5 pts just from reading it.
                   
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                  • Gator Fever

                    Gator Fever Senior Member

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                    The markets really shouldn't even be a good measurement of anything considering the real economy can be straight crap while the markets are doing good because of Trillions in QE and near ZIRP policy.

                    The GDP is a real indicator for main street but of course markets can spook people to tighten their belts etc. and affect things that way.
                     
                    • Detroitgator

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                      What did Krugman promise us would happen?
                       
                      • ChiefGator

                        ChiefGator A Chief and a Gator, Master of the Ignore list!!!!

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                        While I agree with most of this Obama did most of his response to the Great Recession with things that were bribes for his friends or stupid things.

                        Cash for clunkers - Very stupid helped foreign auto makers mostly.
                        Shovel ready projects - not really shovel ready
                        Subsidies for blue states for things they either should have already paid for or to avoid layoffs that they needed = stupid.
                         
                      • Concrete Helmet

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                        No that is truth and spoken by hundreds of economic pundits....you and a lot of the masses were just lied to. Fully recovered by mid 2011 is what most agreed on.
                         
                      • itsgr82bag8r

                        itsgr82bag8r Political Forum Fire Starter
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                        :triggered:
                         
                        • Politigator

                          Politigator L-boy's Cousin

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                          Please show me these economists

                          It didn't help that a couple of years after a major recession republicans decide we need austerity and started cutting deficits. I don't have a problem with that, but you arent going to get 3-4% GDP growth by dramatically cutting the deficit a couple of years after a financial recession.

                          Fact is, our current demographics (slowing population and stagnant working age work force) do not support sustained long term 3+% GDP growth.
                           
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                          • Bushmaster

                            Bushmaster Well-Known Member

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                            Obama sucked ass as a potus and a person.

                            Trump sucks as a person. His policies are good and we will feel some pain before this gets better. DOW is a poor indicator of economy.

                            Trump has had to deal with a liberal media attacking him and his policies daily. He has about 90+% negative press.
                             
                            • Swamp Donkey

                              Swamp Donkey TaggelwainLivesMatter
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                              uhhhhhhhh.....you know.......uhhhhh......now isnt the time to make a profit......uhhhhhh......you didnt build that........uhhhhhh.....somebody else did......
                               
                              • Concrete Helmet

                                Concrete Helmet Hook, Line, and Sinker
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                                Check back in a couple of days....oh, and small business growth is at an all time high. Wall Street is only a small indicator of economic success....most of us do our business on Main Street.
                                 
                              • Concrete Helmet

                                Concrete Helmet Hook, Line, and Sinker
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                                More we didn't build that mentality....that's so 2010ish. Times change, strategies change....btw were looking at another 4.0-4.5er coming up.
                                 

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