Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
David Doney Profile picture
@David_Charts
May 19, 2022 • 9 tweets • 6 min read • Read on X
Scrolly
🧵Biden's economic records indicating a massive boom underway, from those working full-time to corporate profits, with graphs and links to definitive sources. #BidenBoom

The number of people working full-time hit the all-time record in March 2022. 1/
fred.stlouisfed.org/series/LNS1250…
Real (inflation-adjusted) GDP hit record level in Q4 '21, after regaining the pre-pandemic peak in Q2 '21. This measures the size of the economy for both production and income. 2/
fred.stlouisfed.org/series/GDPC1
Americans are the richest ever measured by net worth, which reached $150 trillion for the first time in Q4 '21. This was due to stock and housing booms. 3/
fred.stlouisfed.org/series/TNWBSHNO
The number of job openings hit a record 11.5 million in March 2022, another sign of the booming labor market and immigration restriction. There are about 2 open jobs per unemployed person, also a record. 4/
fred.stlouisfed.org/series/JTSJOL
The stock market (S&P 500) reached an all-time record 4,797 on January 3, 2022. Inheriting a near-record stock market level, Biden still set the presidential record of a 37% return measured for his first year from election, with a peak of +42%. 5/
fred.stlouisfed.org/series/SP500
Housing prices, as measured by the median sales price of houses sold, reached an all-time record of $428,700 in Q1 '22, a nearly $70,000 or 20% gain from Q4' 20. About 65% of American households own the home they live in. 6/
fred.stlouisfed.org/series/MSPUS
A record few persons are receiving unemployment compensation, with the share of the labor force at an all-time low of 0.86% in April 2022. This is yet another sign of a very hot labor market. 7/
fred.stlouisfed.org/graph/?graph_i…
The federal budget deficit is falling at a record pace, and not just because pandemic spending programs are ending. Revenues are up enormously, nearly $1 trillion versus fiscal year 2019 pre-pandemic, due to high incomes and economic activity. 8/
cbo.gov/publication/57…
Corporate profits are about 40% above pre-pandemic levels, reaching an all-time record of $2.7 trillion in Q4 '21. Democrats appear to be good for business! 9/END
fred.stlouisfed.org/series/CP

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with David Doney

David Doney Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @David_Charts

David Doney Profile picture
Nov 23
🧵In debating the economy, Democrats get caught arguing in the box Republican and media set.

First, what matters is purchasing power (income relative to prices), not inflation. Purchasing power has been above 2019 throughout the Biden era. 1/
"Wages have outgrown inflation so you're better off" should have been the party line from the start. Too often, Democrats apologized for the price level, or talked about how the inflation rate was slowing. 2/ Image
Democrats also got caught arguing about "Border Security" as opposed to saying "Immigrants make us all richer" or "Boomers retiring in droves means we need lots of immigrant workers." Trump blocked meaningful bi-partisan reform. 3/
Read 5 tweets
David Doney Profile picture
Nov 6
@RadioFreeTom Biden's first term was the most successful economically since the late 1960's. Wages, net worth, stocks, GDP and housing far outgrew inflation. The 3.6% unemployment rates in 2022 & 2023 were better than 2019 at 3.7%. Biden's job creation much faster no matter how it's sliced. Image
@RadioFreeTom Source data for the graph.
fred.stlouisfed.org/graph/?graph_i…
@RadioFreeTom
Read 4 tweets
David Doney Profile picture
Oct 12
🧵Monthly economic update, through the September data. We added a robust 254,000 jobs in Sept. We are now 6.8 million jobs above pre-pandemic peak, regained in June 2022. 1/ Image
Job creation much faster under Biden than Trump, no matter how you slice and adjust it. Obama's 2nd term also had faster job creation than Trump pre-pandemic. 2/ Image
The unemployment rate was 4.1% in September, down 0.1%. It was below the historical average of 5.7% for data back to 1948.

The unemployment rate averaged of 3.6% in 2022 and 2023 under Biden; the last year with a 3.5% average was 1969. 3/ Image
Read 19 tweets
David Doney Profile picture
Sep 29
🧵Immigration thread with talking points, supporting sources & graphics.
❌There is no border crisis.
⬆️Immigrants are boosting the economy to the tune of $65,000 per U.S. household over a decade.
❌There is no immigrant crime wave.
⚖️There is a court backlog to solve. 1/ Image
CBO: Immigrants forecast to add nearly $65,000 per household to income and wealth over next decade, or $9 trillion in GDP. Why? Immigrant spending is our income. They also help reduce deficits, with $1 trillion more revenue. 2/
cbo.gov/publication/60…
Image
Immigrants key to our ongoing boom, accounting for about one-fifth of GDP growth since pre-pandemic. 3/ Image
Read 7 tweets
David Doney Profile picture
Sep 28
🧵If the economy is your issue, then who has performed better, Trump or Biden? Let's exclude the pandemic years (2020-2021) from the analysis, which helps boost Trump's results vs. Biden.

Unemployment rate avg:
4.0% 2017-2019 Trump
3.7% 2022-2024 Biden ☑️ 1/ Image
Monthly job creation, just averaging the numbers shown in the graph:

177,000/mo 2017-2019 Trump
271,000/mo 2022-2024 Biden ☑️ 2/ Image
Real (inflation-adjusted) hourly wages for production & non-supv workers, the bottom 80% of the private sector:

$28.51/hour 2017-2019 Trump
$29.83/hour 2022-2024 Biden ☑️ 3/ Image
Read 8 tweets
David Doney Profile picture
Sep 15
🧵Monthly economic update for the August data. First, a record 158.8 million were working, up 6.5 million from the pre-pandemic peak, regained in June 2022. We added 142,000 jobs in August. 1/ Image
Job creation is faster under Biden than Trump, no matter how you adjust it. July '22 to present averages 247,000 jobs/month, faster than the 180,000 pre-pandemic for Trump. Adjusted for the preliminary benchmark, the 247k would be 216k. 2/ Image
Biden has the lowest average unemployment rate of any recent president at 4.1%. The rate fell from 4.3% in July to 4.2% in August. It averaged 3.6% in both 2022 and 2023, below Trump's 2019 avg. of 3.7%. You have to go back to 1969 for a 3.5% year. 3/ Image
Read 12 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(