In the blog Gateway Pundit, Jim Hoft compared President Trump with Obama. Here is how the two matched up. They are direct quotes from the article written by Jim Hoft.
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.
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 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). … The most all-time highs in a year prior to 2017 was 69 in 1995.
President Trump didn’t ride an Obama wave, the DOW under Obama went down in 2015 and stayed relatively flat until the 2016 election.
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.
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.
The Russell 2000 is a major index of US small cap stocks recognized throughout the financial industry. 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!
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.
I believe the root cause of abysmal growth is the huge tax increases imposed by Obama and the Democrats in Congress since 2008.
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
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.
Trump bested Obama by 804,000 manufacturing jobs since taking over the 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.
These are facts ignored by the liberal media and most liberals. What was supposed to be the “new norm” is the worst norm. This is why many liberals are ignorant of the facts and cry out against President Trump. He is making the United States prosperous and destroying Obama’s legacy. Yet they want to impeach one of the most and possibly the most successful in American History. Why do they hate prosperity?