Posted on 11/16/2022 3:35:50 PM PST by LRoggy
I’m getting so tired of the Burleigh’s here ignoring history, so here’s the actual economic statistics of the two Presidents.
Reagan came to office in January 1981, with the 30-year mortgage around 13.15%, while Trump took office in January 2017 with the mortgage rate at 4.08%. In Reagan’s day, the Federal Reserve did not pump ludicrous amounts of money into the economy with asset purchases; in fact, the opposite was true. The Fed was tightening so tightly that Reagan lost the midterms badly because of it. Reagan had to endure two years of Volcker’s policies to fight inflation, so let’s pick his numbers up in 1983, while we’ll use Trump’s first three years, since Covid skews the results, no matter who was in the Oval Office.
At year-end 1980, Reagan faced this as he took office:
Year Real GDP Inflation Unemployment
1980 <0.3>% 12.5% 7.2%
Then, when Volcker finally relented, we had this:
Year Real GDP Inflation Unemployment
1983 4.6% 3.8% 10.8%
1984 7.2% 3.9% 7.3%
1985 4.2% 3.8% 7.0%
1986 3.5% 1.1% 6.6%
1987 3.5% 4.4% 7.7%
1988 4.2% 4.4% 5.3%
Trump comes into office after this 2016 performance:
Year Real GDP Inflation Unemployment
2016 1.7% 2.1% 4.7%
For the 3 pre-Covid years, the numbers are as follows:
Year Real GDP Inflation Unemployment
2017 2.3% 2.1% 4.1%
2018 2.9% 1.9% 3.9%
2019 2.3% 2.3% 3.6%
Trump had a Republican Congress when he took office, Reagan NEVER HAD a Republican House. When I went to work in April 1982, the stock market, which had not set an all-time high for SIXTEEN YEARS, was around 700. When Reagan left office, it was nearly 400% higher.
Anyone who thinks Trump’s claims of his having the ‘best economy ever’, is ignorant of what Reagan accomplished.
some freeper told me that trump likes to keep his friends close and enemy closer....
the art of war say nothing about ‘too close that they backstab you’ part... not once, twice, but multiple times.
i believe ted cruz and marco rubio will backstab trump again when the wind changes.
When Reagan left office , the Dow was about 2200.
Really? You think the populace NOW is more intelligent than back in the 1980s? I guess we are seeing things through different filters.
Says the guy who invented Obama in this thread!
That’s what your claiming bozo
This might be the dumbest vanity post I’ve ever seen..congrats
Trump Dow on first day: 19,827
Last Day: 31,186
Not even a double
Reagan Dow on first of chart: 1,046
Last Day 2,342
Exactly, the Trump economy benefitted everyone but the common man benefitted most. Reagan’s was more of a trickle down thing, but still much better than anything going back a couple of decades.
You are a moron to even make this comparison
Reagan was the right President for the issues, problems, and opportunities of the 1980s.
Trump was and is the right President for the issues, problems, and opportunities of today.
Well, don’t read it. I’m sure I’ll survive.
Too bad you can’t accept reality. The stats are all easily verified.
Hahahahaha....what a clown show.
The best I can come up with is end of 1980 is 892 and the end of his term it was about 2,343.
Percentage is off because I can’t confirm April 1982, but I do remember how we would go into the quote room and watch the bull market take off.
A fact for which there is no excuse. We didn't have the internet in the 1980s, information was for most people filtered through the Leftist Piranhas in Big Media. OTOH, Big Media was less blatant about its bias then ... Bill Buckley and Milton Friedman were on PBS of all things. That would not happen today.
Trump.
Nonsense
Grreat post.
My bad, I did not think stupider was a word because the folks I hang out would say more stupid. After doing a search, I have edumacated myself and realize that stupider is indeed grammatically correct.
Those jobs are gone now thanks to free trade. Take a wild guess when that started.
Truth hurts doesn’t it? Trump ain’t Reagan.
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