Since July 1, President Trump has tweeted to celebrate the results of the U.S. stock market nine times and has tweeted about strong employment numbers 13 times. His frequent tweeting about these two metrics appears to indicate that they are his key indicators for assessing how we are doing as a country. It is worth noting, however, that during this timeframe, not once has he tweeted about the “poverty rate” in the U.S. Why not?
Yes, the U.S. stock market, as measured by the Dow Jones Industrial Average, seems to be doing well, as the Dow posted record closing highs all of last week. This, however, should not be too surprising. Since 2013, the U.S. stock market has hit a new high closing record 157 times (123 times under President Obama, 34 times under President Trump). Here’s another way of looking at it: The U.S. stock market has hit an all-time high in 30 of the last 54 months. In other words, the U.S. stock market has been doing well for quite some time now, meaning the record-breaking numbers that the President is tweeting about aren’t quite as rare as they might seem.
What should be surprising and alarming is the fact that the President does not seem to view the U.S. poverty rate as a key indicator of how America is doing.
News & Observer