It’s now six months since the November election which was held on November 8th, 2016 and almost four months since President Trump’s Inauguration on January 20th.
If you only listened to the main stream media you would think that President Trump is close to impeachment. But many say the media is biased. Perhaps the best measurement of President Trump’s first few months in office is to compare President Trump with President Obama who may be the main stream media’s favorite President.
So here it is – a comparison between Presidents Trump and Obama in their first six months since their respective election wins and in their first nearly four months as Presidents.
The Economy – US Stock Market
In President Trump’s first few months since the election and since his inauguration the US Stock Markets are at record highs and millions of Americans are benefitting in their retirement savings accounts.
* The DOW daily closing stock market average has risen 14% since the election on November 8th. (On November 9th the DOW closed at 18,332 – on May 12th the DOW closed at 20,896).
* Since the Inauguration on January 20th the DOW is up more than 5%. (It was at 19,827 at January 20th for an increase of more than 1,000 points.)
* The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st.
* The DOW closed above 20,000 on January 25th and the March 1st rally matched the fastest-ever 1,000 point increase in the DOW at 24 days.
* The US Stock Market gained $2 trillion in wealth since Trump was elected!
* The S&P 500 broke $20 Trillion for the first time in its history.
* In the history of the DOW, going back to January 1901, the DOW record for most continuous closing high trading days was set in January of 1987 when Ronald Reagan was President. The DOW set closing highs an amazing 12 times in a row that month. On February 28th President Trump matched President Reagan when the DOW reached a new high for its 12th day in a row!
The stock markets moved in an almost opposite direction in the first few months after President Obama’s election win over Republican Senator John McCain.
* The DOW daily closing stock market average tanked (went down) -14% between Obama’s election win on November 4th, 2008 and May 13, 2009. (On November 4th the DOW closed at 9,625 – on May 13th the DOW closed at 8,284. It went down more than 1,300 points).
The Economy – US Debt
President Trump decreased the US Debt since his inauguration by $100 Billion.
President Obama on the other hand increased the US debt in his first four months by more than $625 Billion.
The Economy – Jobs
According to the Bureau of Labor Statistics President Trump added a projected 738,000 jobs in his first four months (January through April 2017.) President Obama on the other hand lost more than 3 million jobs in his first four months. (President Obama was so bad at creating jobs that by the end of his second term he said that jobs were not coming back.)
The Economy – Economic Outlook
The US Manufacturing Index soared to a 33 year high in February 2017 shortly after President Trump was sworn into office. The index reached 43 in February which was the best outlook since 1983 under President Reagan.
In Obama’s first four months in office (January through April of 2009) the best manufacturing index activity rating was a negative -25.
The Economy – Housing Sales
Housing sales are red-hot in the US right now. In 2011, houses for sale were on the market an average 84 days. This year, it’s just 45 days.
According to the US Census Bureau, there were nearly twice as many US housing sales in the past couple of months as there were in 2009 during the same time period. (The annualized housing sales for March 2017 is reported at 621,000 where in 2009 this amount was only 339,000.)
Other Comparisons Between Presidents Trump and Obama
Illegal immigration is down 67% since President Trump’s Inauguration.
NATO announced Allied spending is up $10 Billion because of President Trump.
President Obama’s foreign policy was worse than his economic policies and he left President Trump a mess.
When President Obama took over in 2009 Iraq was as safe as it had ever been. Within a few short years it became a mess and ISIS was formed as a result of President Obama’s actions. Libya is also a mess today with it being the ISIS’s strongest branch outside Iraq/Syria. Iran is busy building an atomic bomb and Obama funded Iran many billions.
President Trump inherited these foreign policy messes and more from Obama and they will be challenging throughout his Presidency.
However, overall based on the above data it is clear that President Trump is doing a solid, if not great job. The mainstream media won’t report this but when looking at the numbers, President Trump really makes President Obama look terrible. This may be because President Trump is so good or President Obama was so bad, or maybe a combination of both.