Stock Market Gains Were Higher Under Bush Sr., Obama, At This Point In Their Presidencies, Compared To Trump – HillReporter.com

President Donald Trump frequently touts the growth of the stock market as proof hes done a good job for the economy.

Not much is said by Trump overwhyhe thinks he plays a role in the growth of the stock market, nor whether such growth is good for the American people. Reportedly, only half of Americans even invest directly in the stock market, and among those that do, most are doing so primarily through their retirement accounts. Its mainly the already-wealthy who benefit from a rising stock market, the Chicago Tribune has noted.

But even if we go along with the dubious claims that a good stock market is good for America, Trumps stock gains since becoming president arent the best ever seen in recent presidencies.

According to a report from Axios, the stock market has increased by about 42.2 percent under Trumps watch, since his inauguration to this week. Taken in comparison to other presidents like Bill Clinton and George W. Bush, thats a higher output.

But its lower than other presidents, too, including George H.W. Bush and Trumps immediate predecessor, Barack Obama, whom Trump is frequently trying to outdo or prove hes better than.

Indeed, during the same period of time, Bush Sr. had a 45.5 percent stock market gain. Obamas was even more pronounced, with Wall Street gains increasing by 56.2 percent.

In comparing the two most recent presidents, Trumps output in stock gains is actually nearly 25 percent slower than Obamas.

Trumps supposed economic prowesses have been challenged as of late. As previously reported by HillReporter.com, one of the current presidents predictions about the stock market proved to be untrue, as he suggested that any attempts at impeaching him would result in a crash on Wall Street.

As it turns out, within the 87 days that the impeachment process took, the stock market flourished, and vastly outperformed previous gains seen in the 87 days prior to the impeachment inquiry being announced in September.

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Stock Market Gains Were Higher Under Bush Sr., Obama, At This Point In Their Presidencies, Compared To Trump - HillReporter.com

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