Thread by @LifeAndDogs

THREAD: Update on Trump's Greatest Economy Ever claim

Start with stock, since he loves to point to "record stock market."

Based on Vanguard Total Stock Index VTI performance
Obama/Biden years
1.20.2009 - 1.20.2027 1.85% ave monthly gain
$47.76 to $116.84 per share 1/

2/
Trump years
1.20.2017 to date 1.2% ave monthly gain
$116.84 to 177.24

Obama years outperforming Trump years 154%.

Next: Unemployment

3/ Under Obama/Biden unemployment peaked at 10.9 in Oct 2009 during the Great Recession then fell steadily, year by year to a low of 4.7% by the Trump transition.

Under Trump unemployment continued its 10-year trend to decline to 3.5% until the coronavirus struck. 4/

4/ Over 1M Americans have applied for unemployment 21 of the last 22 weeks with Unemployment now estimated at Great Recession 10.9% levels, wiping out all of the gains of the past 11 years.

Lastly, GDP 5/

5/ 2009, GDP was -2.5%, since then GDP has been averaging a mediocre 2.5% despite all promises of Trump's huge tax cut "paying for itself" with huge growth GDP's in the 4% or bigger ranges. 6/

6/Since the virus hit, GDP has TANKED. Real first quarter GDP was -5% and estimated 2nd quarter **DECREASED -32%**. These are the worst GDP numbers since the GREAT DEPRESSION. 7/

7/ CONCLUSION: Donald Trump DID NOT create the greatest economy ever.

JOE BIDEN IS WELL PREPARED TO FIX THE ECONOMY. He's done it before, He can do it again.

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@SRuhle