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Trump’s Boasts About Economic Gains Pale in Comparison to Obama’s Results: Report

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President Donald Trump has been bragging about the stock market as he runs for re-election in 2020, hoping the economy will bolster his problematic polling.

There are, however, two major flaws in his argument.

The first is that stock markets are not a representation of the economy, with only 55% of Americans owning any stock.

The second problem is that Trump’s market returns are worse than those experienced under President Barack Obama.

Trump has bragged he is doing better by pointing to the “average” returns by presidents past.

“Trump uses the stock market’s surge as a barometer of his presidency’s success — one that, along with the 50-year low unemployment rate, he’s sure to continue to tout as the 2020 election approaches — but the gains under him lag those under former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush,” Axios reported Wednesday.

“Even if you count the 2016 post-election day market rally, the S&P’s performance is still behind former President George H.W. Bush (measuring from election day through the end of the third year in office),” Axios explained.

“Meanwhile, Trump’s trade war, which added to stock market volatility, has cut into the financial well-being of America’s farmers,” Axios added.

 

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Trump Campaign Launches Lengthy and Inaccurate Objection to Debate Topics: ‘Only a Few Touch on Foreign Policy’

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4 years ago

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October 19, 2020

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The Trump campaign has filed an official objection to the list of six topics announced by the Commission on Presidential Debates last week. Foreign policy is the theme of what would have been the third debate (Trump pulled out of the second.) Moderator Kristen Welker of NBC News chose the topics: Fighting COVID-19, American Families, Race in America, Climate Change, National Security, and Leadership.

The Trump campaign expressed anger and sarcasm Monday afternoon in attacking the Debates Commission.

“We write with great concern over the announced topics,” said Trump campaign manager Bill Stepien in a letter sent to what he called the “Biden Debate Commission.”

In it, Stepien wrongly claims that “only a few” of the topics “even touch on foreign policy.”

COVID-19 is an international issue and therefore a foreign policy issue. Climate change is an international issue and therefore a foreign policy issue. National security and leadership are also both foreign policy issues.

A good candidate would even be able to turn race in America and American families into foreign policy topics, if they were knowledgable.

The rest of Stepien’s lengthy two-page letter reads like a devotional to Trumpism, an attack on Joe Biden and the Debates Commission, and a gripe session.

Last week NCRM predicted the topics, most of which are policy-driven, would be challenging for Trump.

Read Stepien’s letter to the Commission on Presidential Debates:

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