Is Donald Trump inheriting the best economy in history?

[moe]

Nowhere to go but down.

Is Donald Trump inheriting the best economy in history?

“President Trump is inheriting an economy that is about as good as it ever gets,” Mark Zandi, chief economist at Moody’s Analytics, told the New York Times last week. “The U.S. economy is the envy of the rest of the world, as it is the only significant economy that is growing more quickly postpandemic than prepandemic.”

Friday’s economic data only furthered Zandi’s argument, as Trump will now inherit a lower unemployment rate than any president since Richard Nixon in 1969, according to Labor Department statistics.

Trump is also returning to the Oval Office in the midst of a scorching run for the stock market, with the S&P 500 gaining 23.3% in 2024, according to FactSet — better than any clip for a calendar year preceding a White House transition since Reagan took office in the wake of a 25.8% climb for the S&P in 1980.

Even the inflation rate — the great political weakness of President Joe Biden — has come down significantly and remains well within the historical norm.

The latest reading of the consumer-price index in November showed prices rising at a 2.7% annual rate. That’s a bit above the average rate since 2000 of 2.6% but below the rate of 3.3% experienced since 1980.

 

[roadtrasheer]

77 million voters didn't think so.

 

[Brushy Bill]

Nowhere to go but down.

That's why your wife left you.

 

[Airport]

That's why your wife left you.

His wife already had one pussy to deal with, she didn’t need a bigger one

 

[WVUALLEN]

Nowhere to go but down.

Is Donald Trump inheriting the best economy in history?

“President Trump is inheriting an economy that is about as good as it ever gets,” Mark Zandi, chief economist at Moody’s Analytics, told the New York Times last week. “The U.S. economy is the envy of the rest of the world, as it is the only significant economy that is growing more quickly postpandemic than prepandemic.”

Friday’s economic data only furthered Zandi’s argument, as Trump will now inherit a lower unemployment rate than any president since Richard Nixon in 1969, according to Labor Department statistics.

Trump is also returning to the Oval Office in the midst of a scorching run for the stock market, with the S&P 500 gaining 23.3% in 2024, according to FactSet — better than any clip for a calendar year preceding a White House transition since Reagan took office in the wake of a 25.8% climb for the S&P in 1980.

Even the inflation rate — the great political weakness of President Joe Biden — has come down significantly and remains well within the historical norm.

The latest reading of the consumer-price index in November showed prices rising at a 2.7% annual rate. That’s a bit above the average rate since 2000 of 2.6% but below the rate of 3.3% experienced since 1980.

What happened to that missing 75 billion sent to Ukraine?

 

[moe]

Sounds like DC.

 

[WVUALLEN]

You have your resume complete for newly created jobs. We're not talking this bullshit you cheered for Biden where he took credit for jobs returning to normal because covid.

This is actual investment by apple.

 

[atlkvb]

I'd like to ask the "OP" why voters didn't show up last November to approve that "stellar" economic performance? 🤔

Come to think of it creepy Joe...as I remember it... your miserable losing party wouldn't even let you run again things had gotten so bad! So what happened?

Guess they never told 'ya huh creepy Joe?

I know what happened....I kicked their ass, that's what happened!

It was a landslide too DJT....just damn!!!!!

I know!

 

[Gunny46]

 

[Gunny46]

12 billion dollars was allocated to the Navy for submarines and not one submarine was built.

42.5 billion dollars was allocated to hook people up to high-speed Internet, and not one single person was hooked up to high-speed Internet.
7.5 billion dollars was allocated to build EV charging stations. Only 37 stations were built. Thats 200 million per charging station. Where is the rest of the money?

 

[WVUALLEN]

Inflation was far worse during the Biden administration, up 20.1% over the first 45 months of Biden’s term. That equates to annualized inflation rates of 5.4% under Biden. Year-over-year inflation peaked under Biden at a four-decade high of 9%.

Much of the Biden labor market gains are part of the post-pandemic recovery, as unemployment was just 3.5% in Feb. 2020 and the number of employed Americans is up only 4%. Biden has largely focused on the Covid-skewed data points.

The S&P 500 index has posted an annualized return of 12.6% under Biden and Harris in 2021, compared to 16.3% under Trump previous 4 years.

 

[hv]

Nowhere to go but down.

Is Donald Trump inheriting the best economy in history?

“President Trump is inheriting an economy that is about as good as it ever gets,” Mark Zandi, chief economist at Moody’s Analytics, told the New York Times last week. “The U.S. economy is the envy of the rest of the world, as it is the only significant economy that is growing more quickly postpandemic than prepandemic.”

Friday’s economic data only furthered Zandi’s argument, as Trump will now inherit a lower unemployment rate than any president since Richard Nixon in 1969, according to Labor Department statistics.

Trump is also returning to the Oval Office in the midst of a scorching run for the stock market, with the S&P 500 gaining 23.3% in 2024, according to FactSet — better than any clip for a calendar year preceding a White House transition since Reagan took office in the wake of a 25.8% climb for the S&P in 1980.

Even the inflation rate — the great political weakness of President Joe Biden — has come down significantly and remains well within the historical norm.

The latest reading of the consumer-price index in November showed prices rising at a 2.7% annual rate. That’s a bit above the average rate since 2000 of 2.6% but below the rate of 3.3% experienced since 1980.

Second best to all the rest of them