Today marks President Biden's 100th day in Office. Basically every news outlet has some combination of timeline, accomplishments and comparisons as well as op-eds either extolling his "complete success" or decrying his "complete failure." Well here are some more "important" Biden numbers from BI and the WSJ:
First, who's Mr. Popular? Obama, it seems. Biden's more popular than Trump at the 100-day mark but lags both Clinton and Bush (click chart to enlarge).
Next, federal spending. No competition here. Biden's planned six trillion of spending introduced in the first 100 days is more than Clinton, Bush and Obama combined! What's remarkable is the paltry spending plan Obama undertook to revive the economy in the midst of the Great Recession. The lack of sufficient spending led to a very weak recovery. Biden's not repeating that mistake (click chart to enlarge).
To put that spending into context. Here's what the unemployment situation was in the first year of the presidency for the last eight presidents (click chart to enlarge). Unemployment was high and rising when Obama came into office, but his response, in retrospect, was woefully lacking. To be fair, he did carry the burden of being the first Black president and had to be careful not to antagonize political opponents.
Showing Congress who's the boss? Biden, definitely, with 41 Executive Orders...speaks softly, but carry a big stick?
And the big one? Depending on your point of view, the most important or most meaningless metric of Presidential success is the stock market. And Biden is the clear winner! The Dow Jones returned 9.34% in the first 100 days under his watch, versus 6.12% under Trump and -1.15% under Obama.
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