Biden's Explosive Economic Growth - Comparing GDP by President Since 1989
One mechanism to measure the economic success of any presidential administration is with Gross Domestic Product. What is Gross Domestic Product?
Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period.
- Organisation for Economic Co-operation and Development
In general, larger GDP growth in indicative of solid, growing economy. But how does GDP growth compare across presidential terms in recent decades? I decided to compare administrations from George H. W. Bush through Joe Biden.
Ranking average GDP growth by dollars per year:
- Joe Biden - $6.3T over 3 years ($2,100B/yr)
- Donald Trump - $2.37T over 4 years ($591.34B/yr)
- George “Dubya” Bush - $4.52T over 8 years ($564.86B/yr)
- Barack Obama - $3.93T over 8 years ($490.66B/yr)
- Bill Clinton - $3.73T over 8 years ($466.33B/yr)
- Georage H. W. Bush - $1.28T over 4 years ($320.97B/yr)
Joe Biden’s $2,100B/yr is staggering in comparison. That is 3.6 times greater than #2 Trump.
Now, you may ask, “but raw dollars don’t mean everything since GDP itself is typically always growing, right?” You are correct. So let’s do the same ranking using average GDP growth as a percentage per year:
- Joe Biden - 9.97%/yr
- Bill Clinton - 7.15%/yr
- George H. W. Bush - 6.13%/yr
- George “Dubya” Bush - 5.51%/yr
- Barack Obama - 3.32%/yr
- Donald Trump - 3.16%/yr
When we take into account growth as a percentage of GDP, Bidenomics leads the pack again. And who brings up the rear now? That’s right, the Loser of Losers - Donald J. Rump. But, according to Republicans, they always have the best economies, right? The numbers don’t lie, friends.
These numbers are not a magical accident that “Sleepy Joe” fell into. These numbers are the direct result of Joe Biden’s leadership that oversaw:
- The American Rescue Plan Act
- The Infrastructure Investment and Jobs Act
- CHIPS and Science Act
- Stimulating record small business growth (16M+ small business applications to date)
- Record job growth
This is an election year and we need to spread this news far and wide. With the endless negative news that we fight through every day, we need to find and spread positive news about the Biden administration. You won’t find this news in main stream media – they only focus on selfish, negative narratives. So, it’s up to us to spread this news. Please let your friends, your neighbors and your families know. The economic policies of Joe Biden are having positive impacts on the economy and on every day people.
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GDP data sourced from World Bank and the Bureau of Economic Analysis / Dept. of Commerce.
