Who did a better job on the economy — Obama or Trump — comparing money in the pocket, unemployment and inequality of income?
Money: So did Obama or Trump put the most money in the pocket of American families? Comparing Obama with Trump as to which President did the best job raising the annual medium income (AMHI), Trump did twice as well as Obama. That’s comparing Obama’s 8 years with the first two years of Trump’s administration. (see WSJ, The Economy That Obama Handed Trump Aug. 3, 2000).
Unemployment: Unemployment and under-employment under Obama? Remember the vast number of working-age people who were unable to find jobs and had given up actively looking for work during the Obama yaars? The labor-force declined during Obama’s years and in Sept. 2015 it was the lowest since 1977. Millions during those 8 years were not working. Remember all the people who were reduced from full to part-time employment due to ObamaCare insurance rules? In comparison, prior to the pandemic Trump’s policies have encouraged job growth and put increased the well-being of workers and that of their families. [Teresa & Rich Guerriello’s Letter]
Income inequality: How come so much more inequality? Obama or Trump related? Under Obama, after a full four years in office the unemployment rate was higher than when Obama took office Jan. 20, 2009. This high unemployment rate persisted because it was the weakest expansion rate since the 1940s. During the 8 years of Obama with low economic growth and high unemployment, income inequality increased. [Lee Huffman]
Aptos Psychologist: Lately the drum beats by progressives and mainstream media are getting louder and louder about ‘income inequality’ that exists between ‘whites’ and Afro-Americans. Progressives connect the increasing income inequality between whites and blacks to ‘structural racism’ and ‘white supremacy’ . Those are made up constructs of which there’s considerable discussion lately.
Why not just face the economic facts that during Obama’s economy there was considerable increase in income inequality. That was there before Trump took office.