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Despite challenges, according to Yahoo Finance's Rick Newman breaks down the latest Yahoo Finance/Moody's Analytics Bidenomics scorecard, President Biden thus far has earned a B+ economic scorecard. This compared to that lawlessly hacked in tyrant tRump earning a proper F every step of the way:
Consumers are bummed out, but they may be underestimating the health of the economy.
Eight months into Joe Biden’s presidential term, the economy earns a robust B+ grade, according to the Yahoo Finance Bidenomics Report Card. Our report card uses data provided by Moody’s Analytics to compare the Biden economy to that under seven prior presidents, going back to Jimmy Carter in the 1970s. We did the same for President Trump, beginning in 2017.
We track six economic indicators to assess the economy as ordinary people experience it: total employment, manufacturing employment, average hourly earnings, exports, stock prices and GDP per capita. Biden gets top marks in two of those categories—employment and exports—and high marks in three other categories. The weakest Biden numbers relate to earnings, though those have improved recently.
Timing is a huge factor in every president’s economic performance. Biden took office as the coronavirus vaccines were just becoming available and the pandemic recovery was ramping up. That’s why job gains under Biden have been so strong: employers have been hiring back millions of workers they let go during last year’s sharp downturn. The 4.8 million jobs gained under Biden, in fact, are 70% more than the second-best performance, which was 2.8 million jobs gained at the same point in Jimmy Carter’s presidency.
During Donald Trump’s first 8 months as president, the economy gained 1.4 million jobs. Under Trump’s predecessor, Barack Obama, the economy lost 3.8 million jobs during the same timeframe. Again, timing: Trump took office amid a slow but prolonged recovery that continued until the Covid pandemic ended it in 2020. Obama took office during a brutal recession that had been underway for 13 months and would continue for the first four months of his first term."
https://news.yahoo.com/despite-stumbles-the-biden-economy-earns-a-b-170718479.html
Consumers are bummed out, but they may be underestimating the health of the economy.
Eight months into Joe Biden’s presidential term, the economy earns a robust B+ grade, according to the Yahoo Finance Bidenomics Report Card. Our report card uses data provided by Moody’s Analytics to compare the Biden economy to that under seven prior presidents, going back to Jimmy Carter in the 1970s. We did the same for President Trump, beginning in 2017.
We track six economic indicators to assess the economy as ordinary people experience it: total employment, manufacturing employment, average hourly earnings, exports, stock prices and GDP per capita. Biden gets top marks in two of those categories—employment and exports—and high marks in three other categories. The weakest Biden numbers relate to earnings, though those have improved recently.
Timing is a huge factor in every president’s economic performance. Biden took office as the coronavirus vaccines were just becoming available and the pandemic recovery was ramping up. That’s why job gains under Biden have been so strong: employers have been hiring back millions of workers they let go during last year’s sharp downturn. The 4.8 million jobs gained under Biden, in fact, are 70% more than the second-best performance, which was 2.8 million jobs gained at the same point in Jimmy Carter’s presidency.
During Donald Trump’s first 8 months as president, the economy gained 1.4 million jobs. Under Trump’s predecessor, Barack Obama, the economy lost 3.8 million jobs during the same timeframe. Again, timing: Trump took office amid a slow but prolonged recovery that continued until the Covid pandemic ended it in 2020. Obama took office during a brutal recession that had been underway for 13 months and would continue for the first four months of his first term."
https://news.yahoo.com/despite-stumbles-the-biden-economy-earns-a-b-170718479.html
