President Trump
Donald Trump Giuliani used preliminary voting to vote in the 2020 election, the same method he dismissed in the fight to overturn the results. Trump recently received the lowest job approval as DC president Bill Sammon’s managing editor. is closing his tenure with a significant increase in the stock market, but he did not get the shares that predecessors saw Barack Obama
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From Trump’s inauguration day, the Dow Jones industrial average rose Tuesday from 19,827 to 30,930, a 56 percent increase.
The rise is lower than the 73.2 percent rise that Dow saw in Obama’s first term, or the 105.8 percent increase in Clinton’s first term.
A similar trend was true for the S&P 500, which rose 67.8 percent under Trump and rose from 2,263 to 3,799. It scored 84.5 percent in Obama’s first term and 79.2 percent in Clinton’s first term.
The only exception in the last three decades was George W. Bush, who dropped the Dow by 3.7 percent and the S&P in his first four years in office by 12.5 percent.
The figure will be unwelcome news for Trump, who regularly sees the performance of the stock market as a sign of his economic insight and business-oriented policies.
The outgoing president still highlighted the market in a farewell speech on Tuesday.
“The stock market has set one record after another, with 148 stock market highs during this short period, strengthening the pensions and pensions of hardworking citizens across our country,” he said, adding that 401 (ks) had reached new highs. .
“We have never seen numbers like we have seen, and that was before the pandemic and after the pandemic.”
Other indicators also show that Trump is lacking in several of his major economic promises for the economic campaign.
Trump, who is campaigning for the unlikely $ 14.4 trillion in public debt, oversaw a massive 50 percent increase in the debt level to $ 21.6 trillion. left.
Although a significant portion of the increase was due to emergency spending to combat the COVID-19 pandemic, more than half was due to the combination of unfunded tax cuts and increases in domestic and military spending in addition to the previous growth path. of the debt.
Trump also failed to achieve the 3 percent annual growth rate he promised on the campaign and in office, let alone the 4, 5, or 6 percent rates he sometimes offered.
Although it oversaw the largest quarterly economic growth in the third quarter, which rose at an annual rate of 33.1 percent, it was largely a bounce of the worst quarter ever with a decline of 31.4 percent. in the second quarter the pandemic and 5 percent the previous quarter.
The one area where Trump’s economic legacy shone was unemployment, which dropped below its watch to 50 percent lows of 3.5 percent, and saw historic lows among groups such as African Americans and Latinos.
But when he left office, those numbers increased as a result of the pandemic, with unemployment at 6.7 percent, including 9.9 percent for African Americans and 9.3 percent for Latinos.