Trump came into office riding the smoking hot Obama economy.

Avalon - Trump came into office riding the smoking hot Obama economy. Under Trump, the stock market had the highest annualized gain of any Republican president since Calvin Coolidge in the 1920s, but at 11.8%, that annualized gain was lower than the annualized return under Democratic presidents Barack Obama (12.1%) and Bill Clinton (15.9%). Biden’s annualized return passed Trump’s in April 2024, as well. The economy in living memory does better under Democratic administrations.