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United States News
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Title: MUST SEE LIST of President Trump’s Historical and Miraculous Accomplishments Three Years Into His Presidency
Source: [None]
URL Source: https://www.thegatewaypundit.com/20 ... ree-years-into-his-presidency/
Published: Jan 21, 2020
Author: Jim Hoft
Post Date: 2020-01-21 07:38:34 by WWG1WWA
Keywords: list, Trump, 3 years
Views: 116
Comments: 1

President Donald J. Trump is celebrating arguably the best first three years for any President in US history since Washington. And this is despite the fact that no President since Lincoln has faced the massive attacks from his adversaries that this President has faced.

Below is a list of President Trump’s many major accomplishments in his first three years in office.

After President Trump was elected the stock market skyrocketed. The markets are a gauge of the economy and include expectations of the future. On November 8th, 2016, the DOW stood at 18,332. Since that date the DOW has soared to historic heights.

Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking. Since the 2016 election, the DOW has closed at new record all-time highs more than 100 times! The markets have now reached 131 new all time closing highs since the 2016 election and 114 since President Trump’s inauguration. President Trump’s first year in office (2017) saw the most all-time stock market closing highs (71). The most all-time highs in a year prior to 2017 was 69 in 1995.

President Trump’s third year in office (2019) saw the largest increase in DOW history (5,211 points). Prior to 2017, no year in the DOW’s more than 100-year history ever saw the DOW increase by more than 3,500 points, let alone 5,000.

Since President Trump was elected President the DOW tied the record for the most all-time closing highs in a row. In January of 1987 President Reagan saw the DOW increase to new all-time highs a record 12 days in a row. In February of 2017, President Trump matched Reagan’s record.

The DOW reached its fastest 500 point increase between major milestones under President Trump. In January of 2018 the DOW surpassed 26,000 and six days later the DOW surpassed 26,500. Since President Trump’s election win the DOW has seen the fastest 1,000; 2,000; 3,000; 4,000; 5,000; 6,000; 7,000, 8,000 and 9,000 point increases in DOW history. No similar records occurred during the Obama years.

Also, President Trump didn’t ride an Obama wave, the DOW under Obama went down in 2015 and stayed relatively flat until the 2016 election. As of the close of business on Friday, January 17, 2020, the DOW stands at 29,348. It’s currently up 60% since the 2016 election.

All the major indices are way up under President Trump and many records have been set. The markets’ rise since President Trump’s election are historic.

GDP and Debt

According Rex Sinquefield at Forbes in October of 2016 –

The Obama recovery of the last seven years remains the worst in postwar American history. Average gross domestic product (GDP) growth since the bottom of the recession in 2009 was barely above 2.1% per year. The average since 1949 is well above 4% per year during the previous 10 expansions.

This result is not just bad, it is catastrophic. The average American should not be wondering if his or her income is a bit above or below 2007 levels. Just by historical averages, the average American should be 20% better off than in 2007. And this slow growth is settling in as a permanent new- abnormal.

I believe the root cause of abysmal growth is the huge tax increases imposed by Obama and the Democrats in Congress since 2008. The most harmful were the increase in the capital gains tax from 15 to 20 percent, the increase in top bracket income from 35 to 39.6 percent, and the new tax of 3.8 percent on investment income in the Affordable Care Act (ACA). The massive increase in regulatory burden through the ACA and Dodd-Frank bills are also crushing, but unfortunately are harder to measure.

President Obama never reached an annual GDP Growth rate of more than 3.0%. No President over the past century had not ever been held to GDP growth rates of less than 3.0% until Obama. But President Trump averaged a better than 3% GDP in 2018.

More impressively, when comparing the amount of US Debt from the government’s daily report of debt to the amount of GDP from the current GDP release, as of June 2019 the amount of debt to GDP is decreasing under President Trump (a very good thing).

The ratio of debt to GDP is decreasing drastically – from 105.3% when Obama was President to 103.2% at the end of the 2nd Quarter of 2019! (Note that Obama increased the Debt to GDP ratio by 30% over his first two years and more than 40% during his two terms in office. Also, under Obama the Fed kept rates at 0% for his first seven years! If President Trump had the same luxury the Debt to GDP would be much less because US debt would be $1 trillion less.

More than one trillion of the increase in debt under President Trump is due to the Fed’s increases in rates.

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#1. To: All (#0)

Lengthy, but well worth the read. Perhaps it will shut a few #NeverTrumper pie holes.

WWG1WWA  posted on  2020-01-21   7:40:09 ET  Reply   Trace   Private Reply  


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