READ: David Frum Tweets 'The Trump Stock Market Has Been Less Good Than the Clinton and Obama Stock Markets to This Point in Their Presidencies'

Home>
People>

        Conservative Commentator Brutally Fact Checks Trump's Tweet Citing CNBC Headline About the Stock Market Under Trump
    

        Mark Wilson/Getty Images; Michael S. Schwartz/Getty Images
    
By Amelia Mavis ChristnotDec 27, 2019
Amelia Mavis Christnot
Amelia is an Oglala Lakȟóta, Kanien'kehá:ka Haudenosaunee and Métis Navy brat who settled in the wilds of Northern Maine. A member of the Indigenous Journalists Association, she considers herself a proud Maineiac.
 See Full Bio 
Top Stories
AI Powered

        Michael Cera Hilariously Reveals How Tom Cruise Once Called Him Out For Talking On Set
    

        Yes, Marge Simpson Died In 'The Simpsons' Season Finale—But She's Not Gone For Good
    
The performance of the stock market has been a bragging point for President Donald Trump from the moment he took office in January 2017.
And in a presidency plagued by problems, it remained a bright spot.
However one conservative commentator is determined to rain on Trump's parade. Author and writer for The Atlantic and a former speechwriter for President George W. Bush, Frum is no fan of President Trump.
After the President tweeted a headline from CNBC...
"'Trump Stock Market rally is far outpacing past U.S. presidents' ~ CNBC" "With new trade deals, and more, THE BEST IS YET TO COME!"
 —  (@)
        
...Frum provided a little fact check.
First directly on Trump's tweet:

 —  (@)
        
Frum provided figures as of November 29, 2019.
@davidfrum/Twitter

 —  (@)
        
Then Frum provided additional information on his own thread.
 —  (@)
        
Others backed Frum's numbers.
 —  (@)
        
Joe Hynes provided figures for the DOW and S&P as of December 26, 2019.
Trump was still running behind President Barack Obama.
@jrileyhynes/Twitter

@jrileyhynes/Twitter

I ran the numbers myself just b/c so many people say contradictory things.

Yesterday was Day 1,070 of Trump's term in office. The Dow has gained 44.35% in the time.

But the market gained more at the same exact point during several other recent Presidential terms.
— TheValuesVoter (@TheValuesVoter) December 27, 2019

 —  (@)
        

 —  (@)
        
Others also corrected Trump's false claim.
 —  (@)
        

 —  (@)
        
But some felt people were focusing on the wrong things.
But all those other Presidents were never⏬⏬⏬⏬⏬⏬⏬⏬⏬ pic.twitter.com/sm7tVDMoAJ
— Eloise 🌊⚓🌊⚓🌊⚓🌊⚓🌊 (@ElNoPower) December 27, 2019

 —  (@)
        

 —  (@)
        

 —  (@)
        

What about the deficit? When does that catch up with America and matter again?
— Kennwick (@kennwickman) December 27, 2019

 —  (@)
        

 —  (@)
        

7/10 new jobs pay less than $30K a year. @realDonaldTrump and the @GOP are KILLING the Middle Class!

The stock market is like the very, low unemployment rate, it's all a mirage. Gains in the economy are only benefiting those who are already doing great.#WageZombie
— CMCD (@CMCD048) December 27, 2019

This is the wrong measure of economic success. Moneys formerly used to pay for government spending are being use to buy back stock.
— Chris Baskerville (@Ramit85) December 27, 2019

The only true statement he will ever make is that his lies far outpace those of past presidents by leaps and bounds.
— Melanka (@CLaurignano) December 27, 2019
And while people try to claim Trump's popularity is based on the economy, others point to another reason.
 —  (@)
        

I look past stock market performance like Trump supporters look past his crimes, lack of leadership, racism, sexism, abhorrent behaviors and embarrassment on the global stage
— WithValor (@WithValor56) December 27, 2019
People predicted a fall coming soon.
The pyramid game market will collapse just like it has with past gop presidents but this coming collapse will be far greater and more impressive.
— G (@giancarloqui1) December 27, 2019

The stock market is only so high because Trump handed out massive corporation tax cuts and allowed corporations to buy back stock which improved their respective stock market valuations. Period.
— Stephen Elpop (@ElpopGolf) December 27, 2019

The stock market is absolutely irrelevant under these circumstances. Trump traded 2 trillion of YOUR money to billionaires in exchange for millions in contributions and a market on an artificial sugar-high. The whole thing will come crashing down like his bankruptcies.
— Robb Royer (@TXFartingsworth) December 27, 2019
As of Friday, December 27, 2019, the 2020 election is 311 days away. Are you registered to vote?
David Frum's book Trumpocracy: The Corruption of the American Republic is available here.
Latest News
Political News
        Dr. Oz Slammed After His 'Credit Card' Health Care Analogy Goes Completely Off The Rails
    
Alan Herrera
7h
Political News
        Jon Ossoff Lays Into Project 2025 Architect For Trying To Gut The CDC In Fiery Takedown
    
Alan Herrera
7h
Political News
        Jasmine Crockett Calls Out Trump's Hypocrisy By Pointing Out How Melania Got Her Visa
    
Alan Herrera
9h
Political News
        Fox Host Comes To Reporter's Defense After Pete Hegseth Berates Her At Pentagon Briefing
    
Alan Herrera
9h
Don’t Miss Out

      Join the
      ComicSands.com
      community and make your opinion matter.
    

The Top 5

Discover More

The performance of the stock market has been a bragging point for President Donald Trump from the moment he took office in January 2017.

And in a presidency plagued by problems, it remained a bright spot.

However one conservative commentator is determined to rain on Trump's parade. Author and writer for The Atlantic and a former speechwriter for President George W. Bush, Frum is no fan of President Trump.

After the President tweeted a headline from CNBC...

"'Trump Stock Market rally is far outpacing past U.S. presidents' ~ CNBC"

"With new trade deals, and more, THE BEST IS YET TO COME!"

— (@)

...Frum provided a little fact check.

First directly on Trump's tweet:

— (@)

Frum provided figures as of November 29, 2019.

@davidfrum/Twitter

— (@)

Then Frum provided additional information on his own thread.

— (@)

Others backed Frum's numbers.

— (@)

Joe Hynes provided figures for the DOW and S&P as of December 26, 2019.

Trump was still running behind President Barack Obama.

@jrileyhynes/Twitter

I ran the numbers myself just b/c so many people say contradictory things.

Yesterday was Day 1,070 of Trump's term in office. The Dow has gained 44.35% in the time.

But the market gained more at the same exact point during several other recent Presidential terms.
— TheValuesVoter (@TheValuesVoter) December 27, 2019

— (@)

Others also corrected Trump's false claim.

— (@)

But some felt people were focusing on the wrong things.

But all those other Presidents were never⏬⏬⏬⏬⏬⏬⏬⏬⏬ pic.twitter.com/sm7tVDMoAJ
— Eloise 🌊⚓🌊⚓🌊⚓🌊⚓🌊 (@ElNoPower) December 27, 2019

— (@)

What about the deficit? When does that catch up with America and matter again?
— Kennwick (@kennwickman) December 27, 2019

— (@)

7/10 new jobs pay less than $30K a year. @realDonaldTrump and the @GOP are KILLING the Middle Class!

The stock market is like the very, low unemployment rate, it's all a mirage. Gains in the economy are only benefiting those who are already doing great.#WageZombie
— CMCD (@CMCD048) December 27, 2019

This is the wrong measure of economic success. Moneys formerly used to pay for government spending are being use to buy back stock.
— Chris Baskerville (@Ramit85) December 27, 2019

The only true statement he will ever make is that his lies far outpace those of past presidents by leaps and bounds.
— Melanka (@CLaurignano) December 27, 2019

And while people try to claim Trump's popularity is based on the economy, others point to another reason.

— (@)

I look past stock market performance like Trump supporters look past his crimes, lack of leadership, racism, sexism, abhorrent behaviors and embarrassment on the global stage
— WithValor (@WithValor56) December 27, 2019

People predicted a fall coming soon.

The pyramid game market will collapse just like it has with past gop presidents but this coming collapse will be far greater and more impressive.
— G (@giancarloqui1) December 27, 2019

The stock market is only so high because Trump handed out massive corporation tax cuts and allowed corporations to buy back stock which improved their respective stock market valuations. Period.
— Stephen Elpop (@ElpopGolf) December 27, 2019

The stock market is absolutely irrelevant under these circumstances. Trump traded 2 trillion of YOUR money to billionaires in exchange for millions in contributions and a market on an artificial sugar-high. The whole thing will come crashing down like his bankruptcies.
— Robb Royer (@TXFartingsworth) December 27, 2019

As of Friday, December 27, 2019, the 2020 election is 311 days away. Are you registered to vote?

David Frum's book Trumpocracy: The Corruption of the American Republic is available here.

From Your Site Articles

Related Articles Around the Web

More from People/donald-trump

        Photo by National Cancer Institute on Unsplash

        Teachers Share The Questions Students Asked In Class That Broke Their Hearts
    
Thomas Dane
Jun 27, 2025
Being a teacher is a calling. 
It is not for the meek or weak of heart. 
Keep ReadingShow less
Most Read
Celebrities
        Jeff Bezos And Lauren Sánchez's Wedding Invitation Just Leaked—And People Are Dragging It Hard
    
Joanna Edwards
26 June
Political News
        Karoline Leavitt Gets Blunt History Lesson After Claiming Trump Came Up With Common 'Motto'
    
Alan Herrera
24 June
Political News
        Donald Trump Called Out After Awkwardly Misspelling His Own Name In Post About Iran Attack
    
Alan Herrera
23 June
Trending
        TikToker Secretly Records Guy Controlling Every Aspect Of Their Date—And It's Terrifying
    
Joanna Edwards
01 February 2023
Trending
        TikToker Goes Viral For Epically Laying Out Why Women Break Up With Men—And It's Spot On
    
McKenzie Lynn Tozan
21 June

        Fox News
    

        Fox Host Slams Dem For Dropping An F-Bomb After Praising Trump For The Same Thing Just Minutes Earlier
    
Alan Herrera
Jun 26, 2025
Fox News host Emily Compagno was criticized after she praised Donald Trump's use of the "f-bomb" earlier this week before condemning Texas Democratic Representative Jasmine Crockett's use of the same word—on the same episode of her show, no less.
Trump made headlines this week after admonishing Israel and Iran for violating a ceasefire agreement he'd announced on Truth Social. Although he claimed the ceasefire had been "agreed upon," Iran fired at least six missile barrages at Israel after it was supposed to take effect.
Keep ReadingShow less

        @Jeopardy/Instagram
    

        Champ's Wild Final Jeopardy Connection
    
Morgan Allison Ross
Jun 26, 2025
In a dramatic conclusion on last Monday’s Jeopardy!, a contestant revealed a surprising relationship to the final clue's answer. Hailing from Denver, Emily Croke made it to the final write-in portion of the game show with $12,200 in earnings.
In the category of “Collections,” host Ken Jennings read the clue:
Keep ReadingShow less

        Thomas Fuller/SOPA Images/LightRocket via Getty Images
    

        State Department Slammed After Requiring Visa Applicants To Make All Social Media Posts Public For Vetting
    
Alan Herrera
Jun 26, 2025
The State Department is facing harsh criticism after it announced that anyone applying for an F, M, or J nonimmigrant visa will need to disclose all social media profiles from the last five years, requiring that all applicants set their posts to public so they can be properly vetted by its agents.
The agency said the new rules are part of a new screening process aimed at identifying individuals who may pose a threat to U.S. national security. According to the department, failure to comply could result in a denial, and consular officers have been instructed to flag signs of “hostility” toward the U.S.—though the criteria for such determinations remain vague.
Keep ReadingShow less

        @thetinychefshow/TikTok
    

        Heartbreaking Animated Video Announcing Emmy-Winning Show's Cancellation Has The Internet Sobbing
    
McKenzie Lynn Tozan
Jun 26, 2025
Whether or not you've heard of the show, Nickelodeon's The Tiny Chef Show has been turning heads. Not only is it a show that children love, but it's an Emmy Award winner. 
Despite all of this adorable, pea-sized chef's success, and a Minion-like voice to boot, the show appears to be canceled. 
Keep ReadingShow less
Load More

Latest Stories

Start your day right!

Conservative Commentator Brutally Fact Checks Trump's Tweet Citing CNBC Headline About the Stock Market Under Trump

Latest News

Don’t Miss Out

More from People/donald-trump

FAMILY

Good Eats

Hey Daddy!

So Sad

Baby...

No Apologies

I See You

The Lost

So Caring

LIBBY

Once Again

Home Life

Sad Truths

Poor Darling

Happy Holidays?

Hold Me

Most Read