Scorecard_Trump_vs._Obama.png
Size of this preview:
800 × 453 pixels
.
Other resolutions:
320 × 181 pixels
|
640 × 362 pixels
|
1,024 × 579 pixels
|
1,398 × 791 pixels
.
Contents
Summary
Description Scorecard Trump vs. Obama.png |
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
Licensing
I, the copyright holder of this work, hereby publish it under the following license:
This file is licensed under the
Creative Commons
Attribution-Share Alike 4.0 International
license.
-
You are free:
- to share – to copy, distribute and transmit the work
- to remix – to adapt the work
-
Under the following conditions:
- attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- share alike – If you remix, transform, or build upon the material, you must distribute your contributions under the same or compatible license as the original.