Kirsters Baish| We are nearing the end of the first 600 days of President Donald Trump’s time in office, and that means that it’s time to talk about the things that he has accomplished so far. The best way to do this is to compare the results of the Trump administration to those of the administration that came beforehand, the Obama administration.
As we previously reported, former President Barack Obama made an appearance at the University of Illinois this past Friday. During his speech, he criticized Trump without referring to him as “President.” Then, he had the gall to take credit for our country’s thriving economy, which can be properly attributed to the Trump administration.
Fox News’ Sean Hannity shared segments from the speech, comparing it to things that took place during Obama’s time in office.
We are getting close to President Trump’s 600th day in office, and it’s time to compare his accomplishments to those of the Obama administration.
Let’s start off the with the stock market… this one is a no-brainer.
Take a look at the DOW. After Obama was elected into office, the stock market, which was already doing poorly, crashed all together. When Trump was elected into office, the market shot back up. The stock market is a good representation of how our country’s economy is doing at any given time. It also gives us insight into what will become in the future.
Obama was elected President on November 4th, 2008. On this day, the DOW sat at 9,625. By March 9, 2009, the DOW had fallen so low that it was beginning to tank. It halted at 6,547, decreasing more than 30%.
When Trump was elected President, the DOW skyrocketed. The DOW sat at a comfortable 18,332 on November 8th, 2016. Since then, it has been climbing upwards.
That’s not all. The market is on a record-breaking streak. Since Trump was elected President, the DOW has closed on a new all-time high record 99 times. Obama didn’t see a single all-time high during his first term. He only saw 105 all-time highs between his initial election win and the time Trump was elected.
During the first year of Trump’s presidency, we saw the most ever all-time market closing highs. There were 71, and it was also the biggest increase in the DOW’s history at 4,956. Before 2017, the DOW never saw a year in its’ entire 100-year history with an increase of over 3,500. 4,900 was unheard of. In 1995, there were 69 all-time highs… and this was the most in any year until 2017.