It is time to dispel the myth that Obama grew the DOW by 11,878.25.
DOW close the day Obama was inaugurated: 7,949
Previous DOW high under GWB: 14,164.43
DOW close when Obama left office: 19,827.25
The notion that Obama grew the DOW by 11,878.25 points is obviously a lie.
An analogy would be like saying you buy a house worth $1,000,000 before the plunge. Then after the plunge it was worth $650,000. Then when you sell it at $1,100,000; you would claim you gained $1,100,000 - $650,000 = $450,000. But the gain wasn't $450,000. Your gain was only $100,000.
Using this correct analogy; Obama's DOW growth would be 19,827.25 - 14,164.43 = 5,662.82.
Contrast this with Trump, he has been in office only 22 months and the DOW has grown, even after it's recent plunges, 4,832 points.
Obama had eight years; average annual growth of the DOW equals 707.85 points.
Trump, let's call it two years; average annual growth assuming NO change would be 2,416.
Yes, Trump is far outperforming Obama when it comes to the DOW.
DOW close the day Obama was inaugurated: 7,949
Previous DOW high under GWB: 14,164.43
DOW close when Obama left office: 19,827.25
The notion that Obama grew the DOW by 11,878.25 points is obviously a lie.
An analogy would be like saying you buy a house worth $1,000,000 before the plunge. Then after the plunge it was worth $650,000. Then when you sell it at $1,100,000; you would claim you gained $1,100,000 - $650,000 = $450,000. But the gain wasn't $450,000. Your gain was only $100,000.
Using this correct analogy; Obama's DOW growth would be 19,827.25 - 14,164.43 = 5,662.82.
Contrast this with Trump, he has been in office only 22 months and the DOW has grown, even after it's recent plunges, 4,832 points.
Obama had eight years; average annual growth of the DOW equals 707.85 points.
Trump, let's call it two years; average annual growth assuming NO change would be 2,416.
Yes, Trump is far outperforming Obama when it comes to the DOW.