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Thursday, January 30, 2020

Now and Then-the Economy Under Two Presidents

It is wise to be wary of political claims of economic superiority, especially when economic performance is, in fact, the collective performance of ALL Americans, not just one at the top. 




Under Trump, as of the end of his second calendar year in office, 2019:

4Q2019 GDP was just reported up 2.1%.
12/2019 unemployment rate was 3.5%.
The gain in the S&P 500 from inauguration day to 12/31/2019 was 35%.

For the same period under Obama, the end of 2011:
4Q2011 GDP was up 5.4%.
12/2011 unemployment was 5.4%.
The gain in the S&P 500 from inauguration day to 12/31/2011 was 45%.

All Presidents have mixed economic results. No President deserves sole credit for economic results.

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Disclaimer: Posts are for education only and not investment advice, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors.


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