April 27, 2021

The growth of the stock market in Joe Biden's first 100 days in office is now the fastest in recorded history. At a debate last October, Trump said it would crash if Biden was elected.

Source: CNBC

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had.

Better, in fact, than any president before him going back to at least the 1950s and the Dwight Eisenhower administration, as the 46th chief executive has witnessed an unprecedented growth on Wall Street in his first 100 days in office as measured from the time of his election.
“Biden’s first 100 days have already delivered the strongest post-election equity returns in at least 75 years, due to record fiscal stimulus and despite heavy use of Executive Orders,” JPMorgan Chase strategist John Normand said in a note. The results are “not bad for some [former President Donald] Trump labeled as Sleepy Joe during the campaign.”

Indeed, Biden’s results have been staggering so far.

The S&P 500 has risen 24.1% since Election Day with numbers that easily trounce any of his predecessors.


UPDATE (John Amato):

Remember when Trump claimed that the jobs report numbers under President Obama was rigged? And then he used the same job numbers to claim he had the best economy in history?

Here's Sean Spicer playing his con on the White House press corps.

"Does the president believe that this jobs report was accurate?" he asked.

"I talked to the president about this," Spicer responded, smiling. "And he said to quote him very clearly: 'They may have been phony in the past, but it's very real now.'"

Liars gotta lie.

Can you help us out?

For nearly 20 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.


We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.