Trump Economy Vs Obama Economy

An analysis shows that median household income increased under Trump's economic policies, along with other improvements
Donald Trump Standing At Podium At Trump Rally

Karl W. Smith, former vice president at the Tax Foundation and an assistant professor of economics at the University of North Carolina, used his Bloomberg opinion column to explain how the economy improved under Trump. Of course, the column didn’t get mainstream media attention prior to the election.

As Smith wrote, not only did unemployment drop and economic growth increase beyond what experts said was possible, but median household income rose far above what it had been for the past few decades.

“In 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000, to $68,703. That’s perhaps why, despite the pandemic, 56% of U.S. voters polled last month said their families were better off today than they were four years ago,” Smith wrote.

“The key to that number is the breadth of Trump’s expansionary agenda. Republican presidents have typically focused on tax cuts, particularly for businesses, with the idea that they will encourage an increase in investment and wages. Democrats have tended to seek spending increases, often with the hope that they will stimulate the overall economy and increase job growth. Presidents of both parties have traditionally left interest-rate policy to the Fed,” Smith continued.

“Trump broke the mold by aggressively battling on all three fronts. He also sought to increase jobs in manufacturing and agriculture by pursuing a series of trade wars. (Most economists, from across the ideological spectrum, think this policy backfired.) Nonetheless, if one had to choose between Trump’s three good policies plus trade wars, or the more modest economic policies of his predecessors, the easy choice is Trump.”

Trump further improved the economy by lowering the unemployment rate, especially for African Americans. As Smith wrote, during Obama’s tenure, the unemployment rate dropped from 909% to 4.7% following the Great Recession. Treasury and Federal Reserve officials said that number couldn’t decrease any more. Trump proved them wrong with the three-pronged approach, and unemployment fell to 3.5%, the lowest since 1969.

Experts also claimed Trump’s goal of 3% growth was impossible, yet Trump made it happen.

Smith suggested this was not merely a continuation of Obama’s policies or a trend that started during his administration.

Trump’s tax cuts, spending increases, and lowered interest rates were a deviation from past policies, leading to economic success. From this knowledge, Smith concluded that Biden should follow Trump’s lead on spending, taxes, and interest rates but stop the trade wars for a successful economy.

Biden, however, has said he would eliminate nearly all of the Trump tax cuts, meaning a return to Obama policies and a poorer economy.

PoliciesPresident Trump
8 Comments on this post.
  • Jeanne
    14 November 2020 at 10:02 pm
    Leave a Reply

    Those who put Biden/Harris in charge in D.C. are going to be very sorry you did.
    So will all of us Americans.

  • Ralph Charles
    15 November 2020 at 8:58 pm
    Leave a Reply

    Biden’s policies and direction for America is nothing more than what President Obama did during his term.Biden is not a leader he is a follower,he needs to be lead. He also goes not have the financial smarts or negotiation skills that will benefit our country.Having Biden trying to grow our country,WILL NOT HAPPEN! I just hope that doesn’t destroy the financial well being of our country.

  • Kenneth Hunter
    15 November 2020 at 8:59 pm
    Leave a Reply

    If Biden wishes to make his Presidency rank high amongst other Democratic POTUS he must listen to Americans and not other politicians when laying the groundwork for the next 4 years. He must Reduce the National debt by spending control in Washington and set a strict budget and enforce it so we end up with a surplus each of the next 4 Years with a goal of reducing the Debt as much as humanly possible each of the next 4 years.

  • Beverly
    15 November 2020 at 9:27 pm
    Leave a Reply

    I will never except or respect Joe Biden as my president,our country is in big trouble!!

    16 November 2020 at 12:44 am
    Leave a Reply

    Some politicians seem to have no intelligence when it comes to the economy and attempting to make the populations income better. In fact it seems as this new economy that may be coming in 2021 under #46 will make America worse. Airborne

  • Glow
    16 November 2020 at 1:34 am
    Leave a Reply

    It’s so easy for poor white people to believe the lying cult mentality that trump used to fool all of you. You’re still poor as dirt and those rich white people are richer than ever. The republican agenda is always about themselves. You wonderful people even at the expense of millions dying so you can worship and pretend that President Obama did nothing for the good white folks. You go ahead and give your last dime to a desperate, despicable man who will never be president again because he’s taking your money and will still be a one term president. God bless all of you for falling for the biggest joke in history!!!!!

  • Frederick Marsh
    16 November 2020 at 1:50 am
    Leave a Reply

    First of all, Trump did not lead in lowing interests rates. That was done by the Fed. The tax cuts helped a little, but they did not have a great impact on the economy. Spending is something Democrats do. Obama chose not to greatly increase spending and the overall economy was better for it. Trump’s promise of a growth rate of 4% never happened. In fact, it was never reached 3% per quarter prior to the COVID virus. The fact that 56% of Americans said they were better off 4 years later normally would lead to re-election of the president. The problem this president was totally unprepared for the virus and chose to ignore all warning signs to the detriment of the country.

  • Texas Tea Partier
    16 November 2020 at 4:45 am
    Leave a Reply

    We are now staring down the barrel of an Obama third term economy which will leave us owned by Communist China. Elections have consequences and our children and grandchildren will suffer for it.

  • Leave a Reply

    • Fallen Capitol Police Officer’s Mother Says Media Is Lying February 23, 2021
      The mother of Brian Sicknick, the Capitol Police who died in the January 6 Capitol riot, is speaking publicly about the media's false reports following her son's tragic death. In an interview with the Daily Mail, Gladys Sicknick, 74, said she believes her son suffered a stroke during the riot, despite media claims that he […]
    • Seattle Pays $10,000 to a Communist Activist February 23, 2021
      The city of Seattle agreed to pay $10,000 to settle a lawsuit last week. Brought to federal court by a woman named Ada Yaeger, the suit is in regards to the city's plan to remove her tent from Cal Anderson Park last December as part of clearing out a new 'autonomous zone.' Local news outlets […]
    • Biden Administration Cuts Power of ICE by 80% February 22, 2021
      According to a Washington Post report, President Joe Biden’s deputies have taken away the ability of ICE officers to safeguard 300 million Americans from illegal migrants. The report outlines a memo that imposes reduced enforcement priorities for the nation’s Immigration and Customs Enforcement (ICE) officers. The 90-day rules will block roughly 80 percent of deportations, […]
    • Iranian Terrorists Attack U.S. Forces, Biden Responds by Pursuing Iran Nuclear Deal February 19, 2021
      Former U.S. officials and national security experts are criticizing President Joe Biden after his administration announced they will re-enter talks with Iran to pursue a nuclear deal. Ned Price, State Department spokesman, said that the Biden administration would “accept an invitation from the European Union High Representative to attend a meeting of the P5+1 and […]
    • U.S. Officials Forced to Take Vaccines from Russia February 19, 2021
      U.S. officials serving abroad in nations with low-grade medical capabilities are being forced to get COVID-19 vaccines from foreign governments, including Russia, due to a lack of supply from the Biden administration. As the Washington Post reported, “At least 13 foreign governments offered to inoculate U.S. officials serving abroad with their own supplies of U.S.-made […]
    • Biden: “Everyone Knows I Love Kids Better Than People” February 19, 2021
      President Joe Biden is receiving backlash after saying "I love kids better than people," at CNN's town hall event. “Signing off with a final notable quote from Joe Biden during his town hall this evening: ‘Everyone knows I love kids better than people,'” wrote Kayleigh McEnany, former White House press secretary for President Donald Trump. […]
    • Los Angeles School District Cuts One Third of Police Officers February 18, 2021
      The school board of the Los Angeles Unified School District, California’s largest public school system, voted Tuesday to cut a third of police officer positions and decrease the powers of remaining officers. The district approved a plan to eliminate 133 police officer positions. The school board also banned police from using pepper spray on students […]
    • Is Dwayne ‘The Rock’ Johnson Running for President? February 17, 2021
      Wrestler and actor Dwayne "The Rock" Johnson is thinking about a potential run for the White House. In an interview with USA Today about his new sitcom “Young Rock,” The Rock talked about the comments he made in 2017 on The Ellen DeGeneres Show that he may run for President. “I would consider a presidential […]
    • The U.S. is Losing the Border under Biden’s New Rules February 16, 2021
      Former ICE Director Tom Homan told Fox News host Mike Emanuel that the Biden administration's strategy to open borders is resulting in a huge surge of border crossing. "And you know, so this isn't by accident," Homan said. "This is by design. This is an open border strategy. [Biden] has bowed to the left, we […]
    • Trump Acquitted, focused on 2022 February 15, 2021
      President Trump has been acquitted in the Senate trial that closed today by a vote of 43 not guilty, 57 guilty. A 2/3 majority was required and not achieved. Sens Romney, Murkowski, Collins, Burr, Sasse, Toomey and Cassidy, were the Republicans who voted to convict President Trump. The House impeachment managers presented their case that […]