With Obama and Biden in the White House, Americans suffered through the worst recession recovery in U.S. history, and the country desperately needs determined economic leadership to rebound from the pandemic.
President Donald Trump turned the economy into a juggernaut after implementing many of the polices the Obama-Biden administration said could never work. As the November elections draw near, Americans have a clear choice to make if they want a secure financial future for their families.
Consider for a moment that the Dow Jones reportedly closed at 18,259.60 the day before President Trump won the 2016 election. Before the pandemic upended the world economy, that same measure repeatedly set record highs and nearly crossed the 30,000-point mark. By contrast, on news Obama and Sleazy Joe had won the White House, the Dow Jones toppled approximately 1,000 points overnight and within weeks had plummeted to a staggering low of 7,552.29.
Since the pandemic drove down the Dow to 18,591 in March, President Trump’s phased recovery guidelines have already added more than 7,000 points, with the measure already teasing to cross 26,000. Ranked as one of the top economic measures, the Dow Jones highlights hard data that the country needs President Trump to push forward with his America First agenda that favorably renegotiated NAFTA and beat China in a tariff war.
Pointing out this single measure is but the tip of the spear. As far back as 2012, financial experts were mocking the previous administration for its gross mismanagement of the economy. Forbes, a leading business media outlet, ran an article called “Obama Wins The Gold For Worst Economic Recovery Ever.” The hard data cited in the piece predate the Trump Administration. The Obama-Biden administration is put under an uncomfortable microscope when compared to others. These are the contrasting statistics of the first 36 months of the Obama-Biden “recovery” compared to others.
- Jobs Growth: Obama-Biden 1.72 percent, Bush “W” 2.93 percent, Clinton 3.64 percent, Reagan 8.97 percent
- GDP: Obama-Biden 4.34 percent, Bush “W” 5.98 percent, Clinton 5.61 percent, Reagan 15.36 percent
By contrast, Trump has achieved 50-year lows in unemployment at 3.5 percent, and the lowest unemployment for African-Americans and Latino-Americans in recorded history. Three years into the Obama-Biden recovery, the non-partisan Forbes article stated that “Deep recessions are supposed to be followed by strong recoveries, but, under (Obama-Biden), the worst recession since the 1930s has been followed by the slowest economic recovery in the history of the republic. In a very real sense, there has been no recovery at all — things are still getting worse.”
Joe Biden has already hitched his wagon to failed policies of the past while embracing radical left-wing ideas that would likely plunge the country into an economic depression for years. There’s little doubt Biden would get back in bed with China as the communists helped make his son, Hunter, become wealthy as the U.S. slipped to the number two economy during his tenure. Trump has offered a single message that Americans would be wise to hear.
“We’re going to rebuild it again in honor of all those who perished today,” the president said.