Trump Post Covid Has A Better Economy Than Obama's Entire First Term

After all the economic economic agitation, and after the worst exogenous shock since at least 9/11, Trump still has a stronger economy than did Obama at the same place in his first term.

The U3 unemployment rate in October 2012 was 7.8% with people leaving the labor force.  That was four years after the recession Obama inherited. The Covid shut down began in April, six months ago.  The U3 is now 7.9%.  The Dow Jones closed at 28,606.31 last Friday.  Eight years ago the same day close was  13,551.78.  After eight years of Obiden the Dow was only 19,827.25 on the day they left office. Six months after the shut catastrophe, your retirement savings are still 50% greater than they were when Trump took office.

After four years of Obiden socialism, the average weekly hours worked remained flat, hourly earnings had declined .7% and weekly earnings declined 6%. After eight years of Obiden, all three metrics were in months of decline;  weekly hours fell by .6%, average hourly earnings declined .1%, and average weekly earnings had fallen by .5%.  

 

Only six months after the Covid shut down, average hours (+.9%) and hourly earnings (+ 3.3%).  Average household  earnings increased only .1%. Retail sales have been steadily increasing since April's sharp decline.  September 2020 saw retail sales grow by a much faster than expected 1.9%.  That means money is quickly returning to people's pockets.  At the same point in 2012, after four years, the Obiden economy saw a contraction in retail sales. 

Consumer confidence has already returned and is now growing.  Like unemployment, business confidence only fell in one month, April 2020, and has been growing ever since.

There's work to do before the super boom returns. Democrat agitprop aside, the economic circumstances for most Americans remains good and getting better every day.  Like the Covid hysteria, the plan is the Big Lie.  Spread this good news, spread it wide.