Trump is an even worse president compared to Obama than we thought

Surprise: Trump’s job-growth numbers were the inflated ones, not Obama’s

Presidents Trump and Obama. CREDIT: Wikimedia

Trump argued repeatedly during the campaign that Obama’s job growth numbers were phony or inflated. Well, the joke is on him (and all of us). It turns out Trump’s job growth numbers were the inflated ones.

Last night the U.S. Department of Labor made this startling admission: U.S. employers have added a half-million fewer jobs in 2018 and early 2019 than has been previously reported.

These new numbers make Trump’s continuous bragging about the job market a bit suspect.

The reality is that Trump’s bragging about jobs numbers was as exaggerated as his bragging about crowd size.

If you compare the job creation in Trump’s first 29 months in office to the job creation in Obama’s final 29 months, Obama generated 800,000 more jobs — before these revisions.

Now we know Obama generated 1.3 million more jobs than Trump during comparable time periods!

So all of Trump’s claims that the jobs market and economy has done better under his tenure than President Obama are just more hot air:

The NY Times also pointed out that this is “the latest evidence that the economy got less of a jolt from President Trump’s tax cuts than it initially appeared”, and last month, the Commerce Department lowered its estimate of economic growth in 2018.

 

Meanwhile, Trump’s tax cuts have ballooned the government’s spending deficit, which will be a massive trillion dollars next year. That’s the gap between government spending and income over the financial year. Before he came to office Trump vowed not just to balance the budget but pay down America’s debts.

But to get an even better picture of how these two presidents have affected the economy you need to go back even further. When Obama took office, he was coming in after one of the worst recessions the country has seen in decades. In 2009, unemployment was at 9.9% which is the highest it has been outside of the Great Depression. When Obama left office in 2016, unemployment was at 4.7%.

The unemployment rate continued to trend down under Trump, and in 2018, it was down to 3.9%. But is it really that impressive on Trump’s part? Obama’s policies brought the unemployment rate down 5.2%. While Trump’s “jolt” to the economy only dropped the unemployment rate by 0.8%. Not exactly an astounding figure.

The truth is that Obama beat Trump on the economy. Easily.

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