In recent months, the Trump campaign has talked about how American household incomes rose faster during Trump’s first three years in office than during the entire eight-year period under Obama. Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday. The 3.6 million jobs added in the 19 months since Trump took office are roughly comparable to the 3.9 million added in the previous 19 months under Obama. The Congressional Budget Office (CBO) forecasts reflected an increasing trend for both administrations. President-elect Joe Biden has rolled out an environmental team that he hopes will help curb climate change and protect the nation’s air and water. “Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama posted Monday morning. The economy has improved under the Trump's watch, but not spectacularly so, and the credit due to Washington is modest. Trump vs Obama: The economic tale of the tape By Daniel Griswold, opinion contributor — 10/24/18 01:30 PM EDT The views expressed by contributors are their own and not the view of The Hill Despite Sen. Kamala Harris's repeated debate caterwauling about the supposedly bad economy right now, President Trump has the much better … In short, the sluggish economic growth of Obama’s last six years happened in spite of him, not because of him. Here are some of them. When you look at GDP growth rates, one quickly realizes he is gaslighting the American public. Gavin Newsom. If Biden is elected president, he should continue Trump’s economic approach rather than returning to Barack Obama’s. Trump has often bragged about his record on production jobs, which has particular appeal to … Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. On July 14, 2015, Obama brokered a nuclear peace agreement with Iran. And even with the pandemic sending the country into recession and darker days almost certainly ahead, Trump garnered an approval rating of 54% on the economy in the latest Gallup poll. Army general apologizes for ‘miscommunication’ over vaccine shipments. GDP has grown between 2.9 and 3.1 percent. I told the audience when Obama became president, I was worth just under $10 million. Column: Biden was left with a mess in Iran. Consider: Under Obama from 2014 to 2016, real gross domestic product — the broadest measure of economic activity — grew at an average annual rate of 2.5%. Despite his boasts, Trump again is no deal-maker as Congress seeks pandemic relief bill. Here’s how. Federal Revenue Collections Forecast (2018-2025) for Trump vs Obama Economy. Why is that metric important? The job record under Trump is far better than the job record during Obama's first 35 months in office, when the economy lost 805,000 jobs. The president said in his debate last week that a Biden presidency would be a calamity for the stock market. It was president versus president this weekend, when it comes to the booming economy. “Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama posted Monday morning. The Trump vs. Obama economy — in 15 charts Amid economic indicators signaling a potential recession, White House advisers were bullish discussing the economy on … So much for building the best economy. Economists agree: Trump, not Obama, gets credit for economy By Liz Peek, opinion contributor — 01/14/18 09:30 AM EST The views expressed by contributors are their own and not the view of The Hill On employment, the U.S. economy added 6.6 million jobs in Trump’s first three years, shy of the 8.1 million payroll gains in the last three years under Obama. It doesn’t look like Trump’s tax cuts will pay for themselves. Job gains (and losses) The United States experienced some of its best years of job gains in 2014 … Obama used a non-military tactic to reduce the threat of nuclear war with Iran. All signs point to Russia in cyberattack, but Trump points to China. Obama Built Most of Trump’s Good Economy President Obama gift wrapped a great economy and hand delivered it to President Trump. …growth doubled to 3% during Mr. Trump’s first six full quarters. On Monday, former President Barack Obama attempted to take credit for President Donald Trump’s booming economy. Obama didn't.” TRUMP CALLS OBAMA ECONOMIC BOOM BRAG 'CON JOB' Obama inherited an economy on the rocks … It’s worth noting that when Obama took … Trump's approach to health care focused on weakening the Affordable Care Act. On employment, the U.S. economy added 6.6 million jobs in Trump’s first three years, shy of the 8.1 million payroll gains in the last three years under Obama. To cite just one example, the U.S. economy created nearly 4 million jobs in the last 18 months of Obama’s term, virtually indistinguishable of the first 18 months of Trump’s. This content is currently not available in your region. The former president said the Trump economy's first three years fell short of the Obama/Biden last three years. Late-night deal clears way for vote on coronavirus aid plan. But even here, the difference isn’t much at all. Contradicting his secretary of State and others, President Trump suggests without offering evidence that China, not Russia, may be behind the cyberattack on the U.S. President-elect Trump and President Obama on Inauguration Day: Jan. 20, 2017. However, unlike Obama, who inherited the Great Recession, Trump inherited an economy that was already getting back on its feet. Trump vs. Obama: Who Has the Better Record in America's Economy? Experts say Trump’s more favorable ratings on the economy, compared with other issues including race relations and foreign affairs, reflect in part his reputation as a businessperson, though information on his income, wealth and taxes remain largely hidden from the public. A commemorative tweet from former President Barack Obama Monday touting the "longest streak of job creation in American history" on the … But investors pushed up stocks earlier in the fall on rising bets that a Biden victory combined with Democrats taking the Senate and maintaining the House — a so-called blue wave — would actually be a plus for the economy, at least in the short term. He compares the end of the Obama economy with the beginning of the Trump economy: GDP growth staggered along at 1.5% in Mr. Obama’s final six full quarters in office. I am … Likewise, unemployment … I used my real-life story as Exhibit A. I bared my soul. A Democratic sweep, however, also has potential downside risks for stocks and the economy: Biden has proposed an increase in taxes for corporations and wealthy Americans. It wasn’t until 2013 that household income stopped bleeding and a recovery began. The quick and clean: The S&P 500 measured a 75% increase during Obama’s first 798 trading days, whereas Trump, now in the uncertain coronavirus economy, is at -1% . Here's the reality check. On some economic measures, it was a little worse, on others a little better — but on the whole, not markedly different. Since May, the economy has recovered only about half those jobs, and Trump is heading into the election with the worst job losses on record under any president. Republicans won half of California’s U.S. House seats they lost in 2018. During the fastest nine consecutive quarters under Obama, growth came in at 2.8% To all Trump-jumpers, that will be the number to beat. We rely on readers like you to uphold a free press. As for Trump’s “2018 forecast”, it only started at around 3,350 billion which steadily increased to around 4, 625 billion. Summary of Trump Economy vs Obama Economy. 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