President Donald Trump has been tweeting more frequently about the stock market, whose record-setting performance has been one of the highlights of the 45th president. But it turns out, equities were advancing even more quickly in the early days of President Barack Obama.
President S&P 500, taking office through end of July
Eisenhower -5.3%
Kennedy 11.3%
Nixon -9.7%
Carter -4%
Reagan -0.6%
George H.W. Bush 20.7%
Clinton 3.4%
George W. Bush -9.8%
Obama 22.6%
Trump 8.8%
https://www.marketwatch.com/story/obama-trumps-trump-in-stock-market-gains-through-july-2017-08-01When Barack Obama was sworn in as the 44th president of the United States on January 20, 2009, the U.S. stock market was in free fall. The financial crisis was in full swing following the collapse of Lehman Brothers and the Standard & Poor’s 500 index, a popular measure of the U.S. stock market, closed at 805 points on Inauguration Day. Eight years later, the S&P 500 index has risen to 2,274 points after one of the great bull runs in stock market history. With Obama as president, the U.S. stock market, as measured by the S&P 500, returned 235%, or 16.4% annualized.
The Obama stock market trounced the stock market of his presidential predecessor, George W. Bush, which fell 30.6% from January 20, 2001 to January 20, 2009. Bill Clinton’s stock market, however, beat the Obama stock market, returning 264%, or 17.5% annualized.
Both Silicon Valley and Wall Street did well under Obama. Information technology was the second-best performing sector of the U.S. stock market during the Obama presidency, returning 285%. And while bankers complained about being political targets and dealt with new regulations limiting their risk-taking activities, Wall Street recovered in the years after banks received bailouts. Financial stocks were the third-best performing sector in the U.S. stock market during the Obama years, rising 261%.https://www.forbes.com/sites/nathanvardi/2017/01/17/inside-the-obama-stock-markets-235-rise/#6044af3216d1In terms of cutting deficits or giving a huge return to investors, Dem Presidents have done a far better job than the GOP has.
And people wonder why sensible business people prefer Democrats over a party filled with social conservatives, racists, etc. Big business & the economy does far well under a Democrat than a Republican even though Republicans try to give their donors big tax cuts.