What would you say to a US President where the stock market grew at annualized rate of 12.8% during his tenure, excluding dividends.
What would you say to a President where net new jobs were added at an annual rate of 1.4 million, with a rate of 2.6 million per annum the last four years.
What would you say to a President where the unemployment declined from 7.6% when he started to 4.8% when he left?
What would you say to a President where the US economy had 91 consecutive months of economic growth, which eventually became the second longest in US history?
What would you say to a President that saved the largest car company in the US?
You would say thank you President Obama. The economic growth has continued under the current US President, but we should not forget he was handed the keys to a pretty good economy. It should also be noted the country was in a housing caused recession when Obama got the keys.
I mention this as the current President is too busy taking credit to give a thumbs up to others. With that said, Presidents get too much credit and blame for the economy. They only provide headwinds and tailwinds.
Yet, if people want to go there, Democrats need to do a better job of marketing. Under 12 1/2 four-year GOP Presidential terms as compared to 12 four-year Democrat Presidential terms since 1921, the number of jobs created under a Democrat President dwarfs that under a GOP President, by 2 to 1. Further, the stock market results since 1901 is markedly better under Democrat Presidents.
So, the Dems can rightfully claim they are the party of jobs and economic growth. I am delighted the growth continued under Trump, but the headwinds do not look favorable. The tariffs and added debt on top of expected increases is bothersome.