Jeff is a computer professional who takes a great interest in politics and tries to always distinguish fact from opinion.
Donald Trump frequently tells us that before he became president, our economy was in a shambles. Unemployment was sky high, the stock market was in the dumps, and nobody could find a job.
But then President Trump stimulated new job creation, brought unemployment way down, lowered African American unemployment to near record lows, and created a booming stock market. So, let’s take a closer look at each of these claims.
Who Really Gave Us Low Unemployment?
Look closely at this chart of the unemployment rate for the period from 2007 to 2020. When Obama was president, unemployment dropped from 10.1% all the way down to 4.7%. That 4.7% rate is what Donald Trump inherited when he became president.
Since Trump became president, unemployment has dropped from 4.7% to 3.6%.
Of course, it’s not fair to compare Obama’s 8 years in office to Trump’s 3 years. So let's look a little deeper at the rate of job creation during Obama's last 3 years compared to Trump's first 3 years as president.
Trump Has Slowed the Rate of Job Creation
According to the numbers compiled by the Department of Labor, the economy added a little over 8 million new jobs during Obama’s last 3 years as president. Yet during Trump’s first 3 years, the economy created only 6.5 million jobs. That means 1.5 million more jobs were created during those 3 years under Obama than during the 3 years under Trump.
To put it another way, the rate of job creation over Obama's last 3 years in office was 23% better than the rate of job creation since Trump became president.
You can confirm all these numbers by following this link to the Bureau of Labor Statistics and see the raw job creation numbers for yourself.
Obama Presided Over the Drop in African American Unemployment
One of the things Donald Trump most often likes to brag about is how he has brought the rate of African American unemployment to near record lows.
Once again, if you look at the actual numbers over the past ten years, you can see that almost all of the decline in the rate of African American unemployment occurred during Obama's presidency and not Trump's.
The Stock Market Set Record Highs for 3 Years Before Trump Became President
President Trump would have us believe that the stock market was stagnant before he was in office and that only after he became president did it begin setting record highs.
In reality, as this chart shows, the stock market recovered from the recession early in Obama's presidency and began setting new record highs in early 2014, 3 years before Trump became president.
As you can see, the stock market has continued to do well in recent years, but again, this is a continuation of the trend that started during Obama’s presidency.
The Budget Deficit Is Growing Rapidly Under Trump
In 2009, after millions of Americans lost their jobs and many companies went out of business due to the recession of 2008, it resulted in the loss of hundreds of billions of dollars in tax revenue which caused the federal budget deficit to balloon up to 1.4 trillion dollars.
As the graph shows, while the economy got better each year and millions of people went back to work, the deficit got smaller throughout the Obama presidency. But since Trump has been president, even though unemployment is low, the annual deficit has been growing rapidly—to over a trillion dollars a year. At this rate, if Trump serves 8 years as president, he will likely add more debt than any president in history.
This is perhaps the only change in our economy that Donald Trump can actually take credit for.
Trump Is Taking Credit for Obama's Accomplishments
When you look carefully at the actual numbers, it’s clear that all the positive economic trends that Trump takes credit for began under Obama, several years before Trump became president.
The only real change we’ve seen since Trump has been president is that he’s slowed down the rate of job creation and he’s on track to add more debt than any other president in history. There is no statistical evidence that Trump has done anything that improved the US economy during his presidency.
Note: If you intend to write any comments on this article, whether you agree or disagree with me, be civil and try to comment with something meaningful. Comments that are vulgar, racist, or attack the author or anyone else will be deleted.
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
Questions & Answers
Question: You mean Trump is lying?
Answer: Trump lied about the state of the economy he inherited.
His supporters mindlessly believed all the lies that they parroted.
He lied about the stock market and the rate of unemployment
He lied about his job creation to everyone’s annoyance.
Trump lied about putting immigrant children in cages, and the amount of time he spends on vacation.
He lied about paying his workers their wages, and his fraudulent charitable foundation.
He lied about the death toll in Puerto Rico from Hurricane Maria.
He lied about pay raises for American troops and disarming North Korea.
He lied about Trump University, one of his fraudulent business schemes.
He lied about releasing his taxes and harassing young beauty queens.
He lied about a crisis on our southern border and the rate of immigrant crime there.
He lied about paying the porn star to keep quiet about their affair.
He said Obama’s birth certificate was fake and swore he had documentation.
He lied about opposing the war in Iraq and “job-killing” EPA regulation.
He lied about how he profits from cutting the billionaire tax rate.
He lied about his medical records. He even lied about his own weight.
He lied about the size of his inaugural crowd. He lied about the size of his brain.
He lied about his “perfect” phone call with the president of Ukraine.
He lied about terror attacks in Sweden and the illegal immigrants he’s hired.
He lied about the American jobs he exported and the reason James Comey was fired.
He lied about Mexico paying for the wall and how a Turkish reporter had died.
He lied about Russian electoral meddling “I know the best words”, he lied.
He lied about his contacts with Putin and Russian ties to his campaign.
If you point out his incessant lies he’ll just whine, gripe and complain.
By now you can’t help but wonder. How many lies he can keep on his plate?
His lies contradict each other. He can’t even keep them all straight.
Question: What is the job creation total in Obama's 1st 3 years in office compared to Trump's 1st 3 years in office?
Answer: Obama inherited the worst economy since the Great Depression. The economy was losing 750,000 per month, so it took a few years to bring true prosperity back to America.
Donald Trump, however, inherited a robust economy, thanks to President Obama, so, even though Trump slowed down the rate of job creation, the economy continued to do well despite his poor leadership.
This is why it is pointless and misleading to compare the first three years of each president's term in office.
Question: I thought Obama said these jobs weren't coming back! So which is it?
Answer: Obama was correct. Generally speaking, jobs that went overseas did not come back. Fortunately, Obama presided over the creation of 12 million new jobs in the US.
Question: If Trump wins the election will the economy fall to its record low or to record high?
Answer: This is just my opinion, but since Trump is doing the same things George W. Bush did as president (rely on tax cuts to stimulate the economy), I expect it to have similar results. Tax cuts have a very short term effect to help the economy and do not do much in the long term other than add to the national debt. So I expect the economy to respond under Trump the same as it did during Bush's presidency.
If Trump remains in office, then it is only a matter of time before the economy tanks and millions of people lose their jobs. Then it will once again take a Democratic president to pull us out of the abyss and restore our economy.
Question: This was really insightful why did you put it together?
Answer: This article was written to respond to the false claims that Donald Trump and his supporters have made about the "wonderful" things Trump has done for the economy. Many Republicans wrongly think the unemployment rate didn't drop below 8% and the stock market didn't start setting new record high marks until Trump became president. As the article points out, all the economic gains were made during Obama's presidency long before Trump was elected.
Question: What contributes to the deficit, is it both tax and spend?
Answer: In simpest terms, the deficit is the amount by which the government spends beyond what it takes in.
Revenue comes in from taxes, fees, tariffs, fines and other sources.
When Obama first became president, the deficit was huge because millions of people lost their jobs in the recession and there was suddenly hundreds of billions of dollars in tax revenue no longer coming in. As millions of new jobs were created, the deficit got much smaller each year of Obama's presidency.
Under Trump, even though the economy continued to do well, the deficit is suddenly growing out of control again because of the Trump tax cuts.
© 2020 jeff61b
JOC from Syracuse, NY on July 05, 2020:
I was going to write an article like this that laid out findings that Trump supporters would ignorantly ignore. But it appears you did a very nice job of beating me to the punch.
LAREX AND SAPELE ELSTIN on March 08, 2020:
SINCE THE PARTIES IN YOUR REGION OF YOUR WORLD ARE ALIKE IN THEIR ULTIMATE GOAL OF CONTROL, MONEY AND POWER. THEY ARE THE SAME IN THEIR EVIL PURPOSE BUT DIFFERENT IN THE WAY OF ACCOMPLISHING IT. BOTH ARE THE SAME POLE OF A MAGNET AND CAN NOT HELP BUT REPEL EACH OTHER. COMPROMISE IS IMPOSSIBLE. THEY WORK FOR THEMSELVES AND NOT YOUR MANY. EMPLOYEES THAT HAVE BLINDED THEIR EMPLOYERS TO THEIR ULTIMATE GOAL. AWAKEN, DISCARD YOUR PARTIES, ADAPT YOUR GOVERNING SYSTEM TO BUT ONE PARTY IN YOUR REGION. A PARTY THAT REALIZES THAT THEY ARE BUT EMPLOYEES WHOSE TERMS, WAGES AND BENEFITS ARE DETERMINED BY THE CITIZENS OF YOUR REGION AND NO LONGER BY THEM. THAT THEY ARE THERE TO REPRESENT THE DESIRES OF THE MANY. POWER AND GREED HAS OVERTAKEN THEM. TAKE YOUR REGION BACK AND CONTROL ITS PATH WITH THE POWER OF GOODNESS AND LOVE IN ORDER TO KEEP EVIL SUBDUED!
jeff61b (author) on February 21, 2020:
Steve Hagar -
I love your schizophrenic responses. You take multiple sides on each issue.
First you say Obama was terrible for the economy. Then you say Republicans in Congress are responsible for the robust economy during Obama’s presidency. You can’t seem to make up your mind whether or not the economy did well during Obama’s term or whether Obama or Congress is responsible.
One thing is clear from the past few decades. During Republican presidencies, the economy tanks and the deficit explodes. Then a Democratic president presides over a long, steady recovery and a shrinking deficit.
The bottom line is, Republicans only win elections by lying, cheating, voter suppression, and extorting illegal help from foreign nations.
Trump is enormously unpopular throughout the country outside of his base of supporters. He has proved himself to be not only a pathological liar and the most corrupt president in history, but arguably the most vulgar, obnoxious, petty little liar who ever lived.
Eric D on February 21, 2020:
Calling someone a “Petty little bitch” is not civil. Makes one question your motives.
God Bless You... sowing the seeds of division is not going to help.
Figures lie and liars figure. Data analytics with data manipulation is an old trick in a rigged game.
Truth is our country has been hijacked by criminal elites decades ago. Same people who killed JFK have been running the US ever since.
The game has been fixed. Simply wish the people of the world knew the truth.... Greed is a powerful drug.
Nothing will stop what is coming.
Carolina Gonzalez on February 20, 2020:
@Steve Haggard - You're wrong - what Jeff wrote is: "Of course, it’s not fair to compare Obama’s 8 years in office to Trump’s 3 years. So let's look a little deeper at the rate of job creation during Obama's last 3 years compared to Trump's first 3 years as president." What Trump super pass Obama are his big mouth and his lawless administration.
PoliticsJunkie on February 20, 2020:
I have a question. If Trump is doing well, why are we running $1T deficits annually and increasing the national debt to pay for? Shouldn't GDP be up and more tax revenues be coming in? That is unless Trump is financing prosperity with debt. Obama inherited a recession. Trump inherited an upswing. If Trump was successful we would be running surplusses and paying down debt.
Steve Hagar on February 20, 2020:
the simple bottom line: with the choices the D's are putting forward, voting for Trump is but a foregone conclusion for more than half the nation. what kind of cheating with the D's do to rig their primary THIS year (we already saw what happened in Iowa when they 'didn't get their establishment candidate' (nee: Biden) the numbers he needs.
the more corrupt (D's) judging the less corrupt (R's)
BRING ON 2020! :D
Steve Hagar on February 20, 2020:
"it does not make sense to compare Obama's first 3 years to Trump's first three years"?
THAT IS EXACTLY WHAT THIS FALLACIOUS ARTICLE DOES!
R's were running the House and the Senate for the bulk of Obama AND Clinton's terms (the huge turnover in the Obama's House 2 years in, due to Obamacare, effectively neutered Obama's Senate in 2010 along with Obama)
THAT is the reason for economic growth, not a "President" who wanted to tax us into poverty with Obama care, or a President who liked getting his cigar lit in the OO.
shame, shame, shame on the author for using his mahogany-shaded glasses.
that is all.
Charles Terban on February 20, 2020:
If one googles tha average IQ of a Trump supporter,it is 71,which is far below average.
duane collins on February 20, 2020:
we have a president that has no class how we a we put up with him and the name calling is beyond me he sound like a high school kid with all his tweets he should not be president he is a insult to our country and our way of life just think if trump had tried to build on what President Obama had started how much better the economy would be!!! let's try to think of kid's and not what's in it for you now.
jeff61b (author) on February 20, 2020:
M. Y. -
It does not make sense to compare Obama's first 3 years to Trump's first 3 years.
Obama became president in the midst of the worst economic recession in 80 years. It took a few years to pull us out of that mess that Bush left us in.
Trump became president when the economy was robust, the Stock Market was setting record highs and unemployment was dropping rapidly.
M.Y on February 20, 2020:
Here’s a fact- I got a new job while Obama was president. Then the “Affordable Care Act” took effect. First day back at the new job that year, I got laid off, because the employer had to cut employees to still afford the insurance according to the mandate, and the newest employees had to go. I was on unemployment, I have a pre-existing condition and could not afford insurance without a job, and was denied medical assistance because I made too much money on unemployment. The stress of all this happening aggravated my condition, and I was no longer eligible for a job I was applying for, and had to stay on unemployment, and then return to the job I left (a fast food job that didn’t pay enough) and was then eligible for medical assistance, but didn’t provide healthcare that would cover enough for my condition. So because of Obama, I lost my job, and had to go back to a job I hated and was treated like shit at, and was unable to find another job until recently. Because of Trump, I was able to leave that horrible job because more places were hiring and having job fairs, and I had a chance to pick and choose, and I actually know what it feels like to ENJOY work, have health insurance and provided by a job that covers, and take a vacation. All this hate for the president is beyond stupid. I voted for Obama his first term. He didn’t do a good job, and voted for Romney in 2012. Compare Obama’s first 3 years to Trumps first 3 years of your gonna compare the two egotistical men.
Sharon ward on February 20, 2020:
thank too mr trump !!!
Marvin Parker on February 19, 2020:
You sure can spin it about how good obama to bad its only in your headhe put 7 million more on food stamps 5 million more on poverty level .You said he inheireted the worst economy yea he did because the dems. were in control of the senate and instead of fixing housing bubble that they created it crashed and lets blame bush they could have fixed it before it crashed but wanted to blame it on republicans.That way they get more votes. An the reason our economy is booming isTrump did away with all of obamas restrictions i'm not going to convince a left wimger like you and i could go on for a couple pages aboit how bad obama was for our country an the American people
jeff61b (author) on February 19, 2020:
Ken Burgess -
Thanks for sharing your paranoid right wing fantasies about Obama and Trump. Almost none of it was factually true, but it was entertaining.
Here are the objective facts.
Obama inherited the worst economic crisis since the Great Depression by far.
Over 750,000 people were losing their jobs per month when Obama took office. No president in history had inherited such a horrific economic crisis. Economists predicted the unemployment rate would hit 20% before the recession ended.
After the Economic Stimulus passed, the rate of job losses decreased significantly each month. By October 2009, the job losses stopped, unemployment peaked at 10.1% and positive job creation began again. That means Obama turned around the economy in less than one third the time it took Reagan to recover from a much milder recession.
Meanwhile, Republicans said their number one priority was to make Obama’s presidency fail. They literally did everything they could to thwart any economic recovery. They used the filibuster to stop literally every single bill before the Senate – even bills that Republicans co-sponsored.
The recovery was bound to be slow, just as the recovery from the Great Depression took several years. This recovery was slowed down more because of the Republicans fighting tooth and nail against anything that might improve the economy.
By the time Trump took office, unemployment was down to 4.7% and dropping rapidly while the stock market had been setting record highs for 3 years. The booming economy Trump inherited continued despite Trump’s policies, although the rate of job creation slowed down under Trump.
There is no statistical evidence that Trump did anything whatsoever that improved the economy.
Jesse Kennedy on February 19, 2020:
I love reading these clown, conservative comments about the GOP's accomplishments when they left this country in the tank. Obama took over in 2009 from a GDP of -8.9% final Q-2008 (-5.4% for 2008), and turned it into a 2.5% economy. Which they also complained about. Saved the auto industry when the GOP was going to let it die. Invested heavily in education, healthcare and infrastructure, bringing this economy back with bills and initiatives you can name. To hear these ridiculous comments giving Republicans credit for it, along with Trump the same credit for an economy that was roaring with low inflation of .7 to .9 when HE WALKED INTO THE DOOR. The numbers don't lie!!! Go to Fox Fools Fools News with that other BS!!!
09/02/1946 on February 19, 2020:
Again dumbsters you can not grasp how stupid and uninformed you are, but you are very entertaining.
Steve Hagar on February 19, 2020:
the author can't seem to grasp the adulation the left has for taking credit for what the right accomplishes.
the President is but one man...sure, he can set policy, etc, but if those ideas are ridiculous , the House and Senate will shoot them down.
again, after 2 years of Obama, the LARGEST TURNOVER in over 7 decades from one party to the other (Democant to Republicrap) neutered him for the next 6 years. those are simple facts, and his continual bemoaning that he "couldn't get anything done" backs this up in spades.
I know for a fact that BOTH parties are weaksauce clownshoes, I'm not coming at this as if the R's have clean hands.
but this "left taking credit for what the right accomplishes, just because they had the Predsident in the WH" is disingenuous on numerous levels.
Obamacare, for example, the biggest lie predicated by the left other than possibly fixing their own primary in '16, and we all know how that worked out for them....that was Obama's "big accomplishment", how can I steal from a huge chunk of America to benefit a few?
the left loves TAXES....and taxes are theft.
ergo, the core problem of the D's, they like to take without working for it.
which is why they will lose in November.
JC on February 19, 2020:
Al, while you are crunching numbers, can you provide a figure for the amount of money spent by trump on his trips to Florida?
Dexter L. Patterson on February 19, 2020:
The only smart thing trumps done is not mess with the economy that President Obama has put together.
Al on February 19, 2020:
The reasons your crony cites do not reflect the massive 12 trillion
debt you democrats added. Of course when you spend money on
worthless temporary jobs it looks good. Expansion of taxpayer funded jobs looks good. The appeasing and surrendering our soverenty has boosted a steady increase of market indicators at the cost of massive trade inbalances. Sure this means nothing to you liberals but it degraded our country.
Jeanette Wilmore on February 19, 2020:
It’s always easier to claim someone else’s accomplishments than to actually do something. President Trump harps on President Obama because he was an achiever. Sad!!!
Lance Lindsey on February 19, 2020:
Five myths about Obama's stimulus
unemployment rate rose from 8.3% in February 2009 to a peak of 10% so no job creation
By January 2009, the United States had accumulated $10.6 trillion in debt. That's the net amount the country had borrowed from Washington through the Bush years.
The gross national debt now stands at $19.7 trillion. That's an increase of $9.1 trillion — not quite a doubling, but pretty close.
The stimulus was full of waste, pork and fraud (nicknamed Porkulus)
Obama's Porkulus: A Slush Fund and Money Laundering Operation --Greg Mankiw, M-a-n-k-i-w, who is writing about it, is a respected Harvard economics professor
Washington post has a lot of info on this and where my info was found - I have a hard time believing an individual who blames others for there short comings ( I believe this of Trump also)
You truly want an idea how it should be (opinion) go back to Washington / Adams /Jefferson / Madison / Monroe in all the history did you hear any of these leaders say because of the last president I can not get my job done ???
Warriors Breakfast on February 19, 2020:
I'm so glad that someone finally took the time to put together the information, provide looks and finally DEBUNK this fallacy in it's entirety. You can't argue with the numbers.
jonathan merriwether on February 19, 2020:
truth hurt plan and simple
anna m. jones on February 19, 2020:
It is so interesting to read how people will try to twist and manipulate evidence to convince people that it does not say what it obviously says: Thank you for collecting and printing unadulturated facts without manipulation of the data.
Donavan Shangreaux on February 19, 2020:
I am glad somebody got it right! Full employment in economic terms is considered to be an economy with around 4% unemployment. There will always be people in between jobs, some are sick and injured, some lost jobs due to markets or other economic factors, some gave up looking for work. The economy is like an aircraft carrier and freight train that takes time to stop or charge course. Trump inherited a good economy.
#Duh.. on February 19, 2020:
Wow, you like who you like, but to change the subject at hand and talk about something that is not in the text posted is just tactical nonsense. Truth Be Told, some folks just can't see the "Truth" even with their new hearing aid. Can you hear me now...
Paul Carey on February 19, 2020:
Not surprised, but very sad that so many of the good people that I knew that are supporting him.
Ken Burgess from Florida on February 19, 2020:
Broadly speaking, Obama's decisions and efforts slowed the natural course of recovery from the recession, limiting the jobs created, and businesses that succeeded.
This during a time of unprecedented technological revolution like we hadn't seen in over 100 years. With the revolutionary impact that the Internet and cellphones had on society and business, along with so much else, our economy should have come roaring back by 2012... instead it staggered along until 2016 when the stock market and job growth had another healthy surge, as the restrictions to business and job growth were removed by the Trump Administration.
There were 47 million American's on welfare when Obama took office and by 2015 there were more than 110 million.
Obama bypassed congressional authority, issuing an executive order to place US coastal waters in the jurisdiction of the UN, and making US coastal states responsible to pay taxes and share revenue with up to 160 foreign nations. Obama placed the UN L.O.S.T. Treaty above the sovereignty of the United States.
Obama bypassed congressional authority, issuing executive order number 13575 to place a large percentage of rural American farmland into the jurisdiction of the UN, and to extend federal control over that portion of our farmlands, driving out the rightful owners with federal regulations. Executive order 13575 agenda 21
Obama bypassed Congress on the DREAM Act, stopping the Federal Government from deporting illegals and granting them the ability to get work permits, adding millions to a workforce that already has tens of millions out of work.
Obama bypassed Congress and issued a policy directive that effectively rewrote the Welfare Reform law of 1996, his change allowed the Department of Health and Human Services to waive the work requirement at the heart of welfare reform.
Obama’s stimulus plan cost more than the Race to the Moon, the Louisiana Purchase, and the Marshall Plan combined and it did little to improve the economy. Some of Obama's biggest supporters reaped the rewards of the ARRA stimulus, while the promise that it would ensure unemployment would never go above 8% was proven false, as it never went below 8% during his first four years.
And then of course, there was Obamacare, the law that has 21 new taxes in it, even though Obama promised it was not a tax. Which the Supreme Court said is exactly what it was. It doubled Insurance costs for most people who had to use it. And penalized those who could not afford it.
Trump advocated the amendment of NAFTA and CAFTA to reflect today's realities. And he did so.
Trump wanted to rescind 'most favoured nation' status for China, and reverse decades of selling and shipping our companies and jobs to China. And he did so.
Trump promised to tackle the immigration issue, and to clamp down on illegal immigrants coming to America and being rewarded with jobs and social services. And he has tried to do so, despite heavy resistance.
All these things Trump has done, along with rescinding much of what Obama had done, has gone a long way to continuing America's positive economic growth, which has resulted in the first real wage growth for Americans in decades.
Sylvia Kerr on February 19, 2020:
This is so true!
daniel larin on February 19, 2020:
this article should be the holygrayle of the dnc and this article must be on every billboard, tv news network, all day long till nov.2020, half of america doesn`t know those FACTS, THE ECONOMY STUPID
jeff61b (author) on February 19, 2020:
Steve Hagar -
I don't disagree that Congress and the president are both largely responsible for what happens with the economy.
Beyond that, your comments are far more opinion than fact, and the few "facts" you do state tend to be incorrect. For example, in 2010, Republicans did take over the House, but Democrats held the Senate, and continued to hold the Senate for another 4 years.
As for Trump, everything in this article is completely accurate. You have not refuted one single fact.
Steve Hagar on February 19, 2020:
to follow up, Bill Clinton did the exact same thing...2 years into his term, there was a huge turnover in the House AND Senate ('94), those Republicans spent the money and made the laws...and Clinton TOOK THE CREDIT. it's sickening, really, how this base understanding of how the government works goes right over the heads of the left. last time I checked, 535 have more power than 1. all of what I said in these posts is easily fact-checked, again, I implore you to do better in the future by reporting BOTH sides of the coin and coming up with the correct conclusion. thank you.
Steve Hagar on February 19, 2020:
sadly, this article shows how little the author knows about how the government ACTUALLY works.
conveniently left out was how in 2010, after the first 2 years of Obama's "service" (used loosely, of course), that there was the LARGEST turnover in the House and Senate from one party to the other (D to R) in SEVEN DECADES (yes, you'd have to go back to the WWII era to find such a large turnover)
that is followed up with ALL laws are made AND the money is spent by the House and Senate, which were firmly in *Republican* control in 2010....all the way thru the end of Obama's 2nd term.
so, all of that "progress" that he takes credit for, it really had little to do with him at all, as the voters neutered him 2 years into his term
so, while the left loves to give credit to Obama, the real credit goes to the Republican-controlled House and Senate for getting the nation back on track.
Trump's party happens to align with who is in control now, and THAT is why we're humming along, because it's R-R-R running the show.
I'd hope that pieces like this don't continue to pollute this place, as it's disingenuous to give credit to someone (Obama) who tried to bankrupt our nation with his lies about Obamacare ("you can keep your doctor", "your costs will go down")
you can do better.
please do so in the future.
he who knows how it works
Randal Willis on February 18, 2020:
I have promoted these figures and numbers for a good while. It doesn't take much to figure out that President Obama had brought us out of W. Bushes debacle. Obama's economy was flying in his second term and contuided into Trumps term which he took credit for. I studied Macro-economices and it take 3 years to change any economy around and this is where we are in Trumps term. Things are beginning to go South for him.
Charlize Chickens on February 18, 2020:
The ignorance in the comments is embarrassing. Taxpayer monies fund these "socialist" organizations, e.g., the Department of Labor Bureau of Labor Statistics, and those sourced organizations. The same taxpayers are making ignorant comments, if not outright racist comments to discredit facts from a social organization they pay to support. Crazy!
Jethrine321@yahoo.com on February 18, 2020:
I may not be the smartest person around but I am smart enough to know when someone is trying to feed me a load of crap like Trump has been doing for the last three years. Some folks will actually swallow his crap and try to make others believe it is the BEST thing they have ever tasted because they want to be able to say "Well you tasted it too". LOL Kind of like the silly commercial of the two Racoons eating trash that taste bad. Getting others to taste it too is just something you do. I personally don't have to taste it if I feel sure it is crap.
jeff61b (author) on February 18, 2020:
Mike Nix - Racist comments will be deleted.
andy lames on February 18, 2020:
Doubled re-newable energy? You mean like Solyndra and the 535 million that went bankrupt? Or the big bird killing wind mills? Talking with a friend in the power company locally, he has told me that only about 40% are hooked to the power grid. If your comment included bias statements like "racist wall" or "Oshithead", I just skipped it since there is no convincing you.
I didn't care for Obama's policies or his comments that inflamed social tensions. He took that "apology tour" when he got in office, never seen any leader do that. as for Osama, look at the picture of the situation room that was on every front page. Hilary was at a table with a computer before her as were several others -powerful positions. O was on a chair in the corner looking like he was in the principles office. Shovel ready jobs were not shovel ready. No scandals? Fast n Furious, secret service hooker parties, the handling of Hilary's bs, Bengazi?? If you believe there were no scandals, yet think Trumps actions are impeachable, you are not being honest,
Trump is gruff, he is at times crude and personally can be insulting. Not characteristics you look for in a president. But he is decisive, has set a direction and despite the hatred spewed by Dems, Rep, protestors and every idiot with an opinion, he has followed most of his promises. Border towns have a significant drop in crime. Mass shootings in 1 year killed nearly 200 people. Homocides by illegal immigrants is well over 10,000, yet people applaud sanctuary cities. If O had a booming economy 3 years after he came into office, he would not be giving Bush the credit. Trump would be blaming O if the economy were horrendous - as O did blame Bush. It comes with the turf. This economy has exceeded O's expectations from his own wors :"those jobs are never coming back" , "GDP will never rise above 3% again".
I like what Trump has done. I like a strong military, immigration is a good thing, illegal immigration is not. Follow the laws of the land and that includes sanctuary cities. The fed took over immigration policy in the 1800's because laws varied widely from state to state. So your citizenship might not be honored in Ohio and therefore you could be arrested. That isn't the country the fore fathers dreamed of.
Chuck Smith on February 18, 2020:
I lived through Oshithead's economy. He did nothing but help himself and his demonrat buddies.
Murf on February 18, 2020:
The unemployment rate went down while Obama was in office for one simple fact. Those unemployed ran out of unemployment money they don't use stats of how many people are working they go by how many are collecting so stop bashing trump pull your panties out of the bunch that there in and accept the fact he's our president. If we all work together to make this country better then its ever been we may actually succeed.
Elisha Williams on February 18, 2020:
We know JACKASS in herited a ECONOMY THAT WAS ALREADY BOOMING. This lets you know how JEALOUS DUMBASS IS OF PRESIDENT OBAMA. GREAT JOB PRESIDENT OBAMA DUMBASS WILL NEVER, NEVER BE THE MAN YOU ARE.
Ed on February 18, 2020:
All this don’t make sense. Obama did his job. Trump is doing his job too. Let him finish his time. If Obama did good it means that he was smart. If the things still going good it means that Trump is smart too. The important is doing good things for USA
Sam on February 18, 2020:
Why can’t jobs be created for all US Americans not just for the black. As a nation, we all struggle .Think of what could’ve been accomplish if Obama and President Trump could’ve worked together united.. no matter what Obama did, President Trump kept it going and improved it rate. So, in fact he didn’t lie it’s what he said.
Matt on February 18, 2020:
I'm so glad that someone has taken the time to publicly show the truth. Amy be with any intelligence see's thru all of Trump's lies and understands the type of person that he is. I'd love too see another article on all his golfing expenses, his look at me everyone, boost my ego lap at daytona. Would love to know what that cost the tax payers. Would love clarification that he takes one day off for every four days that he pretends to work.
Joe Rhea on February 18, 2020:
Mix Nix I realize reading is not something you regularly do, but you sound like nan even bigger idiot when you talk nonsense. The stats are very clear. They’re not liberal stats, or just made up. Why are you so clearly afraid to admit Obama got the economy boom rolling again and tRump is riding his coat tails. Obama is clearly the much better president. Your man is only like by deplorable and dictators. No one respects, no one.
BlueVeinDick on February 18, 2020:
8 years of suffering under Barack Obama. The sentence I hear most from well-meaning, conservative friends since President Trump’s election is this: “We suffered 8 years under Barack Obama.”
Fair enough. Let’s take a look.
The day Obama took office, the Dow closed at 7,949 points. Eight years later, the Dow had almost tripled.
General Motors and Chrysler were on the brink of bankruptcy, with Ford not far behind, and their failure, along with their supply chains, would have meant the loss of millions of jobs. Obama pushed through a controversial, $8o billion bailout to save the car industry. The U.S. car industry survived, started making money again, and the entire $80 billion was paid back, with interest.
While we remain vulnerable to lone-wolf attacks, no foreign terrorist organization has successfully executed a mass attack here since 9/11.
Obama ordered the raid that killed Osama Bin Laden.
He drew down the number of troops from 180,000 in Iraq and Afghanistan to just 15,000, and increased funding for the Department of Veterans Affairs.
He launched a program called Opening Doors which, since 2010, has led to a 47 percent decline in the number of homeless veterans.
He set a record 73 straight months of private-sector job growth.
Due to Obama’s regulatory policies, greenhouse gas emissions decreased by 12%, production of renewable energy more than doubled, and our dependence on foreign oil was cut in half.
He signed The Lilly Ledbetter Act, making it easier for women to sue employers for unequal pay.
His Omnibus Public Lands Management Act designated more than 2 million acres as wilderness, creating thousands of miles of trails and protecting over 1,000 miles of rivers.
He reduced the federal deficit from 9.8 percent of GDP in 2009 to 3.2 percent in 2016.
For all the inadequacies of the Affordable Care Act, we seem to have forgotten that, before the ACA, you could be denied coverage for a pre-existing condition and kids could not stay on their parents’ policies up to age 26.
Obama approved a $14.5 billion system to rebuild the levees in New Orleans.
All this, even as our own Mitch McConnell famously asserted that his singular mission would be to block anything President Obama tried to do.
While Obama failed on his campaign pledge to close the prison at Guantanamo Bay, that prison’s population decreased from 242 to around 50.
He expanded funding for embryonic stem cell research, supporting groundbreaking advancement in areas like spinal injury treatment and cancer.
Credit card companies can no longer charge hidden fees or raise interest rates without advance notice.
Most years, Obama threw a 4th of July party for military families. He held babies, played games with children, served barbecue, and led the singing of “Happy Birthday” to his daughter Malia, who was born on July 4.
Welfare spending is down: for every 100 poor families, just 24 receive cash assistance, compared with 64 in 1996.
Obama comforted families and communities following more than a dozen mass shootings. After Sandy Hook, he said, “The majority of those who died today were children, beautiful little kids between the ages of 5 and 10 years old.” Yet, he never took away anyone’s guns. He sang Amazing Grace, spontaneously, at the altar.
He was the first president since Eisenhower to serve two terms without personal or political scandal. He was awarded the Nobel Peace Prize.
President Obama was not perfect, as no man and no president is, and you can certainly disagree with his political ideologies. But to say we suffered? If that’s the argument, if this is how we suffered for 8 years under Barack Obama, I have one wish: may we be so fortunate as to suffer 8 more.”
Marilyn on February 18, 2020:
I am Canadian and I was of this opinion the day Trump took over and Obama left. Trump was taking credit for jobs that Obama had negotiated before he left. For the love of God get that maniac out of office.
Walter on February 18, 2020:
I totally agree.
Debra on February 18, 2020:
It’s easier for people to believe a lie than except the truth.
Chuck on February 18, 2020:
So on your post you say that trump has done nothing to help us people on any thing and Obama did everything ?
Howard Dell Oly on February 18, 2020:
Most people miss the mark completely, for example, Laura Izett-Irwin , The reason it matters is that you have one person ( TRMP) lying his butt off making claims that are nowhere near true. How do you expect to work alongside or work together with someone who lies constantly? secondly, you sound completely like a misinformed Trump supporter. Nobody is making up facts here to suit the narrative. Facts are facts and that matters. Its complacency like this that puts America at risk for mediocrity. If you cant distinguish between moral character then you truly are misinformed. Why can't we just all get along????? A more unintelligent comment could not be made. Try getting along with a family member or a work colleague who constantly lies about you your family, spreads rumors about you, takes credit for your successes and insults everyone at work or in your family. That's the kind of person you want to trust?? Really? That's the kind of person you want leading your family or your work pace. Wake up, people. If the facts don't convince you because you are to blind to acknowledge them or too lazy to do the research yourself, then let the moral character of this person guide you. WHat moral character. Time and time again he proves he has none. Cheating on the wife multiple marriages paying off porn stars 17 failed businesses, sued 1100 times for fraud and failing to pay his vendors. How about you do some research before you share your uninformed opinion.
Loren on February 18, 2020:
For those of you who say that our economy was sinking under Obama, please link or state where you get your information from as I would like to see where your facts are coming from. I need to see facts. I’d like to see that stats on the Economy while Obama was in office.. Post links please!
William McLeod on February 18, 2020:
Smack some people in the face with facts and they still can't see past their own immense bias. These are not Obama numbers. They are pulled from the Bureau of Labor Statistics. It's the exact same organization where the Trump data is pulled from. You can't really call it bullshit, without also calling Trump's numbers bullshit.
Maria Cheevers on February 18, 2020:
The truth does matter and Obamas record regarding lowering the defict alone beats Trumps - whose added 3 trillion to the budget in 3 years. In addition, this article does not discuss the cost of the racist ego wall, the botched trade war, the Space Force insanity, or the millions that he has spent of our money at his golf clubs (illegal btw).Trumps is treating the federal budget, which is made up of our hard earned tax dollars, like his personal bank account - like he did back in the day when he bankrupted every business that he ever started,with gold toilets and airplanes that couldn't fly. And what of the emoluments clause - 82 million dollars made last year by his daughter, who can't tie her own shoes without a maid. This is the most corrupt adminstration in the history of this country - and he breaks the law so often and with such consistency, it's now the new normal. Texting poison 24/7 is not management of the US economy. Quantitative easing and dropping interest rates 3 times in 1 year is a last ditch effort to keep thing up until the election. That's not a strategy - that's a wing and prayer.
LESTER JOHNSON on February 18, 2020:
David on February 18, 2020:
The so called tax cut that only helped the upper percents has reduced our revenue. This contributed to the deficit as well as “the wall.”
Laura Izett-Irwin from The Great Northwest on February 18, 2020:
Anybody can find bias sources from the media to match their perspective. That's not "proof". My concern is why it matters to everyone, who created a better economy. We spend time arguing these so-called facts that we end up missing the mark. If the economy is better, and I'm sure it had something to do with Obama AND Trump, then just be happy. We need to learn to work together and weeding out who did what is not only bad for our country but this is the "score-keeping" mentality that ruins marriages and relationships. It is the antithesis of cohesion and community.
Buck Farack on February 18, 2020:
The things they aren't saying about unemployment is that many simply dropped out of looking. And as their U/E insurance ran out, Braack didn't include them anymore. Braack was a master at fudging the numbers. But y'all keep on believing this and be stunned for a second awful night come November, the people you so despise aren't fooled nearly so easily as you.
Tony on February 18, 2020:
Is that African unemployment only ??
Jason on February 18, 2020:
Only reason the Chiefs won the Super Bowl is because "trump" called Coach Reed and told him how to win! Obama 8 more years please!
Kenneth Mateycak on February 18, 2020:
Donald j Trump is the best president since Reagan hands down and I will be voting for him again in November 2020
WillisR on February 18, 2020:
Good Article. Now we are seeing our GDP fall to 2.1% last qtr and 2.China and 3.Japan fall into negative GDP along with continued slowing EU. US economy will slow down even more this year as a result.
Terri on February 18, 2020:
If this were correct , Trump did his work under extreme pressure and stress from the Democrats . I also can tell you I remember exactly how fast our jobs were leaving the country when Mr. Obama was our President . My husband's job was one of them . Actually the whole plant went overseas . I don't believe your article is the least bit accurate . I have seen the changes that have come since Mr. Trump has been President .
Paula Sylvester on February 18, 2020:
TRUTH! Please educate yourself before voting!!!
email@example.com on February 18, 2020:
We need all of this brought before the public. Trump does not come across as a brilliant economist. Meaning, that his 242 days on the golf range and McConnell's shut down of the Senate and not passing any of the bills sent by the House, could not computes to being actions that grew our economy. Enough said
Hlywd on February 18, 2020:
Fact Check are Totally Wrong obamma put us in toilet.An made us weak an embarrassing to the rest of the world depleated our military an his policys were linning pockets to the fat cat politicians.
Gary Shropshire on February 18, 2020:
Thanks For The Laugh..... Needed That Today :)
Carol STEWART on February 18, 2020:
Obama refused to allow the auto industry to fail. By saving it, he saved thousands of peripheral businesses, dealerships, etc. This had an immediate effect right down to main street. Trump doesn't drive.
Sick of it on February 18, 2020:
White people , been stealing from blacks for years , nothing new here same o bullshit , just a new day , Trump is not for anyone but his self , and the people who Worship him like God, as if !!! He has no good Intentions, for anyone other then his Worshipers, and not all of them to be said I learned about trump from when I was young he was Racist selfish and disrespectful , the Simpsons show told us about him long long time ago and wat y’all do put the devil him self in office
Eric Hayes on February 18, 2020:
Even with this data that is overwhelming in support of what Obama accomplished with this economy, the simple minded hater will still give credit to Donald Trump, smh... His taking credit for what Obama's economy is like his wife plagiarizing Michelle Obama in the speech that she (Melania) gave in 2016 at The Republican Convention....
Turbulence on February 18, 2020:
How can a stupid retarded person like trump revive a failing economy,, he couldn’t even STRIKE A DEAL WITH A PORNSTER
Tim on February 18, 2020:
Now explain what Quantitative Easing is and how Obama used it. Then throw up the welfare rolls. Then show how Obama Admin counted jobs. Then show how many scandals O had.......this was like reading a comic...:)
Linda on February 18, 2020:
Trump fans will never accept it they think he walks on water. Plus most say that is the only reason they over look all his flaws,Lots BS spinning,
Victor on February 18, 2020:
The economy is great.. must be because Obama (4 years ago
horace on February 18, 2020:
We know that it is Obama who was responsible. But why is it so hard for Republicans to accept these facts? They are STILL trying to manufacture reasons for Obama not being responsible! Accept the truth, and move on.
You Ras on February 18, 2020:
You , Trump lovers can say ... What you want but Quit riding Obama's Dick will you trump and his dummies... lmfao
Brad Sewell on February 18, 2020:
Did Obama get investors to create jobs in manufacturing? Nope. But Trump did. Did Obama get employers to convert employees to part time status to avoid having to pay benefits? Yes but Trump didn't. He reversed that rule and the number of people working part time jobs is declining all the while the number of people working full time is still increasing.
Mona Tinnin on February 18, 2020:
In 2009 President Obama signed The Recovery Act. Six out of the last Presidents have had higher GPD growth than IMPOTUS. Statistics do not lie.
FDT on February 18, 2020:
Chuck the President has nothing to do with gas prices and if that's how you decide if the President is doing a good job you're and idiot. It is also a well known and easy to look up fact the the deficit is over a trillion dollar for the first time in history under this circus of an administration so once again you're a willful idiot.
Straus Davis on February 17, 2020:
I have been telling my so-called friends, this every since Trump became President, and they simply do not believe me. No matter if you tell them where to get the data, and look up the date for themselves, they will not do it. They will not believe anything you say, regarding the lies that Trump says. Trump is the best and greatest president this country has ever had. The News Media prints nothing but lies, even if their lives have not improved. There simply is no need printing or pointing out facts to the Trumpers... they will not believe you.
Abbefaria on February 17, 2020:
Joe Del Castillo, actual verifiable data clearly won't sway someone determined to cling to the propaganda they are being fed but you really should be asking yourself who is in a position to profit by lying to you.
V. Wang on February 17, 2020:
So what exactly did Obama accomplishes to create the jobs to lower Unemployment rate I wonder? Negotiate new trade deal? Deregulate for small businesses?
Chuck on February 17, 2020:
I have heard nothing but the left screaming about how Trump undid everything Obama had put in place. If that's true then why are they giving Obama credit for the continued growth in the years since Obama left and his legacy was destroyed? You can't have it both ways, people. Either the Trump Era is stealing Obama's thunder OR Trump's reversal of Obama's policies have made the country better. I personally like gas prices under $3.00 and more HIGH PAYING JOBS, which Obama said would just never come back to the US. I seem to remember him saying something about a magic wand... Oh, and for you Obama lovers, The trade policies with foreign countries is a big reason Trump is making our country great again after the BILLION dollar deficits of the 4 President before him.
Gelson De Jesus on February 17, 2020:
I voted for Obama and I’ll do it a thousand times more if I had the chance to do it again.trump as you can see he don’t even deserves the right to start his name with a capital letter......
jeff61b (author) on February 17, 2020:
Joe Del Castillo -
All the data in this article comes from sources like the Dept. of Labor, Bureau of Labor Statistics, Office of Management and Budget and the Dow Jones.
What sources do you have that say any if this isn't true?
Joe A. Del Castillo on February 17, 2020:
I can't believe how anyone can actully think this report has any truth to it . Research Facts . These are not facts.
JESUS TZINTZUN on February 17, 2020:
IN SHORT, TRUMP HAS DONE JACK.... TO IMPROVE THE ECONOMY OF THIS COUNTRY. EVERYTHING HAD BEGUN TO TURN POSITIVE UNDER OBAMA... DOES NOT SUPRISE ME THAT TRUMP TAKES CREDIT FOR ALL THE GOOD OBAMA DID.. ON THE OTHER HAND, EVERY CHANCE HE GETS TO CRITICIZE OBAMAS LEGACY, HE DOES JUST THAT.... TRUMP, YOU ARE A SCUMBAG!!
A.Ward on February 17, 2020:
The facts with Data to how the economy really turned around and the trend it’s going .Great article.
Virginia Allain from Central Florida on February 17, 2020:
It's good to have all the trending info in one place to show people the details. Many are just resistant to any reality checks, so you have to make it really easy for them to see and understand. Thank you!