I’m sure we all remember the still smoldering dumpster fire better known as the Obama Economy.
All on his own, Obama doubled the national debt more than every president from George Washington to George Bush (an historic first); an anemic GDP that never gained more than three percent (another historic first); unemployment for young black men hovering at fifty percent (yet another historic first), it’s a safe bet that Comrade Barry was in the deep-end of the pool when he should have kept his narrow ass in the shallows.
While the American Recovery and Reinvestment Act (aka: “The Obama Stimulus Package”) was suppose to repair infrastructure across the nation, the only thing Obama succeeded in doing was watching $1 trillion evaporate.
And who could forget who could forget such Obama economic miracles such as the fine folks at Solyndra who whistled all the way to the bank after scamming the American taxpayers out of half a billion dollars.
But one thing I will give to Obama was a painfully slow up-hill battle that Wall Street managed to wage, in spite of Obama’s socialism.
On the day Obama won his first national election, Nov 4, 2008, the Dow Jones Industrial Average closed at 9,625. Fast forward eight years and change when Trump won in his bid for the Oval Office, the DJIA closed at 18,332.
OK… a total of 8,707 points for two terms. Not bad.
But wait. In the fourteen months since Trump was declared the winner of his race, Jan 17, 2018, the same DJIA has nearly doubled (26,115) in what it took an Obama-led economy over eight-years to pick-up.
In other words;
- During the eight-YEARS of Obama, the Dow rose 8,707
- During the 14-MONTHS of Trump, the Dow rose 7,783
Should I mention now that female unemployment is at a 17-year low? Or that black and Latino unemployment numbers are now at the lowest levels in the history of unemployment statistics?
No. I’ll let your (increased) paychecks speak for themselves.