https://www.washingtonpost.com/opin...a_story.html?tid=ss_fb&utm_term=.cbe580100769
Trump clearly believes a supposedly booming economy vindicates all. But this week, Forbes magazine ran a comparison of Trump’s and President Barack Obama’s economic records, which showed just how exaggerated the White House claims are that a Trump-inspired economic renaissance has swept across the United States. That Trumpian claim is so fake, it doesn’t hold water even on Wall Street.
To hear the president crow about the recent surge of the stock market, one might think the bull run of 2017 was greater during his first year than any other. But Forbes noted that stock prices grew at a faster pace during the Great Depression. Even Obama’s first year in office was more bullish, with the broad S&P 500 Index exploding by 23.5 percent compared with last year’s 19.4 percent clip.
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https://www.forbes.com/sites/chuckj...card-one-year-post-inauguration/#78c5bf196b67
Trump clearly believes a supposedly booming economy vindicates all. But this week, Forbes magazine ran a comparison of Trump’s and President Barack Obama’s economic records, which showed just how exaggerated the White House claims are that a Trump-inspired economic renaissance has swept across the United States. That Trumpian claim is so fake, it doesn’t hold water even on Wall Street.
To hear the president crow about the recent surge of the stock market, one might think the bull run of 2017 was greater during his first year than any other. But Forbes noted that stock prices grew at a faster pace during the Great Depression. Even Obama’s first year in office was more bullish, with the broad S&P 500 Index exploding by 23.5 percent compared with last year’s 19.4 percent clip.
......
https://www.forbes.com/sites/chuckj...card-one-year-post-inauguration/#78c5bf196b67
