https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html
Ronald
Reagan.
+
29%.(2 terms- 110%)
Bill
Clinton.
+
34%.
(2 terms-
210%)
George W.
Bush.
-
23%.
(2 terms-
-40%)
Barack
Obama.
+
44%.
(2 terms-
183%
Donald Trump.
Partial term-
+ 53 %
Donald Trump.
(3.2 years) +19% &…… Barack Obama (Mar6,2009-
Dec,
31,2011)
+89%
Unemployment Improvement during Term
|
Unemployment
Rate improved during term of all Democratic Presidents in history of data
Unemployment Rate got worse during term of all Republican
Presidents in history of data, except one
Source:
Unemployment
by President- https://historyinpieces.com/research/us-unemployment-rates-president
The top 4 presidents in average GDP growth were all
Democrats-Roosevelt, Johnson,
Kennedy,Clinton
.
Other presidents- The Balance-Job Growth & Gross National
Product-
https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218
&
https://www.thebalance.com/gdp-growth-by-president-highs-lows-averages-4801102
&
U.S. Budget Deficits by President-
https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151
The Party That's Best for the
Economy
There are many analyses that look at which party is
best for the economy. LPL Financial Research found that, since 1950, the stock
market did better under a Democratic president with a Republican Congress.
35
The next best is a Democrat
president with a split Congress, and then a Republican president with a split
Congress. When the same party controls the executive and legislative branches,
the stock market still fares better under Democrats.
A study from the National
Bureau of Economic Research found that
Democratic presidents since World War
II have performed much better than Republicans.
On average, Democratic
presidents grew the economy 4.4% each year versus 2.5% for Republicans.
36
The data reveals that
economic growth performs better, overall, under Democratic presidents.
Jobs
President
Bill
Clinton created more jobs than any other president
. The most,
percentage-wise
, was Roosevelt who increased jobs by 21.5%. But
that was during three terms.
Donald Trump
had 3.1% job increase over 1
st
two years.
After stabilizing the
huge job loss of the Bush recession,
Obama
had 7 straight years of job
growth totaling 11.6%.
https://www.thebalance.com/democrats-vs-republicans-which-is-better-for-the-economy-4771839
The next table calculates the average annual growth for Democrats versus
Republicans. Democrats grew the economy 5.2% annually, while Republicans only
grew it 1.4%. Since the Depression was an outlier to this dataset, it makes
sense to remove both FDR's and Hoover's results. In that event, Democrats
gained 3.5% on average while Republicans gained 3.2%.
Debt
Clinton
created a $63 billion budget surplus
with the Omnibus Budget Reconciliation
Act of 1993.
Every Republican president since Calvin Coolidge has added to
the debt.
27
Obama
added a total of $8.5 trillion to the debt during his two terms while he was
fighting the worst recession since the Great Depression.
But
if Trump stays in office for two terms, he is projected to add at least $9
trillion.
Trump has betrayed his
campaign promise to eliminate the debt
. Even in his
first four years, he's adding $5 trillion. That's as much as Obama did while
Obama was fighting the worst recession since the Great Depression, which
started in the W. Bush term.
Trump's plan to reduce
the debt relies on attempting to increase economic growth to 6 percent. Like
most Republicans, he used tax cuts to try to spur that level of growth, but
there has not been as much increase as hoped. In fact,
Trump's tax
cuts
for the rich have not seemed to
trickle down to ordinary Americans, and the debt load of the government is
projected to balloon under Donald Trump.
Income
Inequality
·
In
the United States, the income gap between the rich and everyone else has been
growing markedly, by every major statistical measure, for more than 30 years.
Under Trump,
The
separation between rich and poor from 2017 and 2018
was greater than it has ever been."
·
Richest 0.1% in U.S. Take in 188 Times
As
Much
as Bottom 90%
·
U.S. average income, 2017
·
Income disparities have become so pronounced that
America’s top 10 percent now average more than nine times as much income as the
bottom 90 percent. Americans in the top 1 percent tower stunningly higher. They
average over 39 times more income than the bottom 90 percent. But that gap
pales in comparison to the divide between the nation’s top 0.1 percent and
everyone else. Americans at this lofty level are taking in over 188 times the
income of the bottom 90 percent.
The top 1% income share
has doubled in the last 50 years
The nation’s highest
0.01 percent and 0.1 percent of income-earners have seen their incomes rise
much faster than the rest of the top 1 percent in recent decades. Both of these
ultra-rich groups saw their incomes drop during the Obama administration.”
Since 1979, the before-tax incomes of
the top 1 percent of America’s households have increased more than seven times
faster than bottom 20 percent incomes.
Source: CBO
This gap will likely
grow even wider as a result of the 2017
Republcan
tax
cuts, which disproportionately benefit the wealthy. According to the
Institute on Taxation and Economic Policy
, the
richest 1 percent
of Americans are expected to receive 27 percent of the benefits of the tax cuts
in 2019.
As the share of the workforce
represented by a union has declined to less than 11 percent since their peak in
the 1940s and 1950s, the share of worker income has decline and the gap between
owners/management and workers has exploded.
The expanding gap between rich and poor
is not only widening the gulf in incomes and wealth in America. It is helping
the rich lead longer lives, while cutting short the lives of those who are
struggling, according to
a study released this week
by the Government Accountability Office.
Almost three-quarters of rich Americans
who were in their 50s and 60s in 1992 were still alive in 2014. Just over half
of poor Americans in their 50s and 60s in 1992 made it to 2014.
“It’s not only that rich people are
living longer but some people’s life expectancy is actually shrinking compared
to their parents, for some groups of people,” said Kathleen
Romig
,
a senior policy analyst at the liberal Center on Budget and Policy Priorities.
By
Lola
Fadulu
https://www.nytimes.com/2019/09/10/us/politics/gao-income-gap-rich-poor.html
·
Sept. 10, 2019
White & Asian Wages Over 30% Higher Than Black & Latino Wages
Wealth Inequality
Wealth
is
distributed in a highly unequal fashion, with the wealthiest 1 percent of
families in the
United States
holding about 40 percent of
all
wealth
and the bottom 90 percent of families holding less
than one-quarter of all
wealth
. (See Figure 1.) Notably, 25 percent
of families have less than $10,000 in
wealth
.
Mar
21, 2019
Wealth disparities have
widened over time. In 1989, the bottom 90 percent of the U.S. population held
33 percent of all wealth. By 2016, the bottom 90 percent of the population held
only 23 percent of wealth. The wealth share of the top 1 percent increased from
about 30 percent to about 40 percent over the same period. (See Figure 2.)
America's Humongous Wealth Gap Is Widening Further.
(Forbes)
while the total net
worth of U.S. households has more than quadrupled in nominal terms since 1989,
this increase has clearly accrued mostly to the top of the distribution."
In 2018, the
richest 10% held 70% of total household wealth
, up
from 60% in 1989.
The share funneled to the top 1%’
jumped to 32% last y
ear
from 23% in 1989.
The
bottom 50% saw
essentially zero net gains in wealth over those 30 years,
driving their
already meager share of total wealth down to
just 1%
from 4%.
https://www.forbes.com/sites/pedrodacosta/2019/05/29/americas-humungous-wealth-gap-is-widening-further/#5a9b4b3a42ee
Before
2010, the middle class owned more wealth than the top one percent. Since 1995,
the share of wealth held by the middle class has steadily declined, while the
top one percent’s share has steadily
increased.
[
iv]
Age based wealth
inequality has increased
From 1989 to 2016,
the median net worth of families with a head of household age 65 or older
increased by 68 percent. Over that same time period, the median net worth of
families with a head of household age 35 or younger decreased by 25 percent.
Experts say 2018 could bring more
of what the traditional brick-and-mortar stores suffered through in 2017. And
that wasn't pretty.
Store closing announcements more
than tripled to about 7,000, a record, according to Fung Global Retail and
Technology, a retail think tank.
There have been 662 bankruptcy
filings in the retail sector so far in 2017, according to
BankruptcyData.com
.
That's
up 30% from the same period last year.
There were
2,056 store
closings
in 2016
.
Malls are emptying and
stores are going out of
business by the thousands
in a trend that shows no
sign of slowing down. Already, hundreds of stores are slated to
close in 2020
.
Disastrous Trump Farm Policy &
Economy
A recent report from the American
Farm
Bureau Federation says the
number of
farms
filing
for
bankruptcy
is up 24% from the previous year.
It's the steepest rise the
farming
industry
has seen in years, and
the total
farm
debt for 2019 is expected to
hit $416 billion, a record high.
In addition, nearly 40% of that income – some
$33 billion in total -- is related to trade
assistance, disaster assistance, the farm bill
and insurance indemnities and has yet
to be
fully received by farmers and ranchers
. This is increasing the already huge Trump
deficits and National
Debt.
Trump farm policy not faring too well
-(Nov 2019)