A New Report Grills Trump As It Proves Obama Was A Better Leader
One of Donald Trump’s favorite thing to do is tout his economy and claim that it is the “greatest” economy in the history of the country. But that’s simply not true.
A new report revealed on Wednesday that the economy under former President Barack Obama’s last 29 months in office had skyrocketed and was ahead of Trump’s first 29 months in office.
During the first 29 full months that Trump has been in office, from February 2017 through June 2019, the economy created 5.61 million jobs, or about 194,000 per month, according to the Bureau of Labor Statistics.
During Obama’s last 29 full months, from September 2014 to January 2017, the economy added 6.42 million new jobs, or about 221,000 per month.
If you add that up, Trump’s job growth falls short about 810,000 jobs.
“Looking at the next six months with Obama’s job numbers of 188,000 to 327,000 per month, the gap should only increase and cross 1 million,” wrote Forbes’ Chuck Jones.
Now, the White House likes to argue that the comparisons should begin when Trump won the election in 2016 because it boosted the stock market, according to MSNBC. But if we count those months, Trump’s numbers end up being worse.
There were 7.32 million jobs created during the previous 32 months, versus 6.25 million in the 32 months since Trump’s election.
Trump also likes to credit his policies for boosting the economy. But according to an NPR fact-check, he inherited an already strong economy and his numbers have been pushed along by steady growth that began way back in 2010.
If anything, according to experts, his policies are hurting the economy.
Although Trump vowed that his tariffs would lead to a rebirth of manufacturing in America, a recent survey found that manufacturing had fallen to its lowest point since the Great Recession, with business owners pointing at his tariffs as the primary cause.
Trump also claimed that tariffs would save American farmers. In reality, farmers in the Midwest are filing for bankruptcy at record rates, largely because of Trump’s trade wars with China and Mexico, which have caused retaliatory tariffs that hit farmers the hardest.
According to a Duke University survey, nearly 70 percent of American corporate CFOs now expect a recession to hit by the end of Trump’s first term.