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Summary
| Description |
English: Economic scorecard comparing Trump and Obama presidencies |
| Date | |
| Source | Own work |
| Author | Farcaster |
Sources
- Job creation was slower in Trump's first 35 months (6.2 million) than Obama's last 35 months (8.0 million),[1] including a substantial 501,000 downward revision for the April 2018 to March 2019 period.[2][3][4]
- The unemployment rate fell from 10.0% in October 2009 to 4.7% by December 2016 at the end of the Obama Administration, a total of 5.3 percentage points. It then fell to 3.5% by November 2019, another 1.2 percentage points.[5]
- The budget deficit increased significantly as a percent of GDP and in dollar terms under President Trump, rising from 3.2% GDP and $585 billion in fiscal year 2016 at the end of the Obama Administration, to $984 billion and 4.7% GDP by fiscal year 2019.[6][7][4]
- The number of persons without health insurance (i.e., uninsured) rose from 28.2 million in 2016 to 30.1 million in 2018, an increase of 1.9 million or 7%. President Trump's first year (2017) was the first year with an increase in uninsured since 2010.[8]
- The stock market (measured by the S&P 500 index) increased cumulatively by 44.6% measured late in December 2019 (Trump's first 3 years) versus 52.9% in Obama's first 3 years. While Obama's performance represents a recovery from a deep recession, President Trump cut corporate income taxes by about one-third, boosting the stock market in his first term.[9]
- Real (inflation-adjusted) wages grew faster from 2014-2016 under Obama (1.3% per year on average) versus 0.8% for 2017-2019 under President Trump.[10][3]
References
- ↑ FRED-All Employees, Total Non-Farm
- ↑ Casselman, Ben (August 21, 2019). "Job Gains Were Weaker Than Reported, by Half a Million". The New York Times.
- ↑ a b NYT-Steven Rattner-Trump Can't Beat Obama on the Economy-August 27, 2019
- ↑ a b NYT-Steven Rattner-The Year in Charts-December 31, 2019
- ↑ FRED-Unemployment Rate
- ↑ CBO The Budget and Economic Outlook: 2019-2029
- ↑ CBO-Monthly Budget Review for September 2019
- ↑ CDC-National Center for Health Statistics-Early Release of Estimates from National Health Interview Survey-May 2019
- ↑ Washington Post-Heather Long-Trump’s stock market rally is very good, but still lags Obama and Clinton-December 28, 2019
- ↑ FRED-Average and real hourly earnings-Retrieved December 30, 2019
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File history
Click on a date/time to view the file as it appeared at that time.
| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 21:51, 3 November 2020 | | 1,398 × 791 (108 KB) | Farcaster | It's the DJIA, not SP500 |
| 17:45, 19 October 2020 |  | 1,344 × 762 (103 KB) | Farcaster | Update for full year 2019 uninsured of 32.8 million | |
| 18:56, 5 September 2020 |  | 1,405 × 795 (101 KB) | Farcaster | Update for mid-2019 uninsured figure of 30.4 million | |
| 03:09, 9 February 2020 |  | 1,400 × 788 (110 KB) | Farcaster | Update through 36 months of employment | |
| 00:27, 11 January 2020 |  | 1,401 × 789 (104 KB) | Farcaster | Update for Dec 2019 job and unemployment stats | |
| 21:15, 10 January 2020 |  | 1,394 × 790 (104 KB) | Farcaster | Include citations in diagram | |
| 01:00, 31 December 2019 |  | 1,400 × 777 (97 KB) | Farcaster | User created page with UploadWizard |
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