President Trump's first-year stock market gains actually look pretty middling compared with Obama's
This past year has been a good time to be invested in the U.S. stock market. Just ask President Trump.
Dow, S&P 500 and Nasdaq all finished the day at new RECORD HIGHS! pic.twitter.com/wJyB9d00hh
— Donald J. Trump (@realDonaldTrump) November 28, 2017
Or White House Press Secretary Sarah Huckabee Sanders:
Amazing what happens when you put a businessman instead of a liberal politician in the White House->
https://t.co/9aMhu3F0b3— Sarah Sanders (@PressSec) December 19, 2017
But do you know when else was a good year for U.S. investors? 2009, President Barack Obama's first year in office.
the Dow increased more in Obama’s first 11 months (29%) than Trump’s (24%) https://t.co/qjcvqbrwTO
— John Harwood (@JohnJHarwood) December 19, 2017
On Thursday, Axios mapped out the S&P 500 gains and losses of the last seven presidents, and while Trump's 18 percent gain is impressive, it's a touch below George H.W. Bush's 19.6 percent increase and less than half of Obama's 36.9 percent first-year gain.
Trump's stock market growth vs. past presidentshttps://t.co/met3SbuDLj
— Axios (@axios) December 21, 2017
Obama's first year also saw higher gains than Trump's on the Dow Jones Industrial Average and the NASDAQ, though the presidents inherited widely different economies. You can see a larger version of the chart at Axios.