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Sep 12, 2018 · President Trump and former President Obama both claim credit for the economy. Democrats argue that Trump inherited an economy that was already strong, while Republicans insist he turned it...
Dec 14, 2023 · J.R. Majewski, a Trump acolyte from Ohio whom House Republicans abandoned the first time he ran for Congress in the 2022 midterm elections after discrepancies in his military record emerged,...
- Neil Vigdor
Oct 27, 2020 · Looking at just the last three years of the Obama administration, median income grew by 8.4%, a slightly faster pace than during Trump’s first three years as president. One measure that has...
- don.lee@latimes.com
- Staff Writer
- Gross Domestic Product
- Jobs
- The Stock Market
- Budget Deficit
When Trump took office in 2017, he promised a targeted economic growth rate of 3% each year. While the administration failed to meet that target three years in a row, Trump’s real GDP (adjusting for inflation) was still slightly higher in his first three years than in Obama’s last three. In this case, “slightly” really means just that: Annual econo...
The last three years of President Obama’s administration saw an increase of 8.1 million jobs and a 2 percentage-point drop in the overall unemployment rate, decreasing from 6.2% in 2014 to 4.9% by the end of 2016. It's worth noting that when Obama took office in 2009, the country had recently lost around 8.6 million jobs due to the Great Recession....
During President Trump's first three years in office, the S&P 500 rose by 12.2%, compared to a 7.5% increase in the last three years of the Obama administration. Is this purely because investors love Trump? Maybe, but probably not. A more likely reason, according to Zandi, is that provisions in the Tax Cuts and Jobs Act of 2017 meant large, publicl...
The federal budget deficit — accumulated when the government spends more than it receives in revenues — has ballooned from $15 trillion at the end of the Obama administration to over $25 trillion during Trump's first three years in the White House. Soaring deficit levels come as a natural consequence of the 2017 tax cuts: researchers at the Tax Pol...
Oct 8, 2021 · Under Trump, the consumer confidence rate reached 100 or more five times — a level that it hadn’t reached during Obama’s eight years or any of the prior four years during Bush’s second term.
May 5, 2022 · This is the weirdness of the 2022 midterm elections: J.R. Majewski, an Ohio Republican who painted massive Donald Trump murals on his lawn, will face off in November against Marcy Kaptur, a ...
Aug 5, 2022 · Republican J.R. Majewski, a Donald Trump-endorsed candidate in one of the nation's most competitive congressional races, is violating a federal conflicts-of-interest and public transparency...
