Thread by @usacsmret

I am more than a little sick of hearing Democrats make the ludicrous claim that Obama is responsible for the current economic boom, so I put together a few numbers to illustrate the truth...

In Obama's last two years the GDP growth rate fell by almost 40 percent from 2015 to 2016. Trump inherited an economy that was going the wrong way, and he turned it around.

In Obama's last two years the GDP growth rate fell by 45 percent from 2.9% in 2015 to 1.66% in 2016. Trump inherited an economy that was going the wrong way, and he turned it around. GDP growth in 2017 was 2.2% a 34% improvement.

2016 GDP growth 1.66%
2017 GDP growth 2.22%
So Trump’s 1st year was 34% better than Obama's 8th year

GDP growth staggered along at 1.5% in Mr. Obama’s final six full quarters in office. …growth doubled to 3% during Mr. Trump’s first six full quarters.

The increase in job openings over Mr. Trump’s first 21 months has averaged an impressive 75,000 a month. Over Mr. Obama’s last 21 months in office, the number of job openings increased an average of 900 a month.

During Mr. Obama’s last 21 months, the number of employed Americans increased an average of 157,000 a month. Under Mr. Trump, the increase has accelerated to 214,000 a month, a 36% improvement.

In Mr. Obama’s final 21 months, weekly earnings rose an average of $1.31 a month. Under Mr. Trump, weekly earnings have increased an average of $1.84 cents a month: a 40% improvement that’s come mostly since tax reform took effect in January.

Over Mr Trump's first 21 months, weekly earnings have grown an average of $2.31 a month, a 76% increase over Mr. Obama’s last 21 months.

The unemployment rate declined 13% during Mr. Obama’s last 21 months, but from there it has dropped another 23% during Mr. Trump’s tenure.

In the 28 months since Trump took office, the private sector has created almost 5.2 million new jobs. By contrast, in Obama’s last 28 months in office, jobs in the private sector climbed only 3.2 million.

Manufacturing jobs climbed 470,000 in the 28 months since Trump took office. They went up by a meager 18,000 in Obama’s last 28 moths in office

Goods-producing jobs shot up by 1.2 million in Trump's first 28 months, compared with a paltry 241,000 gain for Obama's last 28 months.. Construction jobs climbed 629,000 under Trump, after a 352,000 gain under Obama in those same time spans

Over those same time frames, the number of unemployed dropped by 1.7 million under Trump, compared with a measly 327,000 decline for Obama.

Annual GDP Growth under Barack Hussein Obama
2009 - 2.5%
2010 + 2.6%
2011 +1.6%
2012 +2.2%
2013 +1.8%
2014 +2.5%
2015 +2.9%
2016 +1.6%
Avg: 1.59%

Obama averaged 1.59% GDP growth over an 8 year term. I don't call that growth, I call that stagnation. Without $5 Trillion of Quantitative easing, and 8 years of zero interest rates, courtesy of the Fed, we would have probably been in and out of recession his entire term

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