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!"
“Trump Stock Market rally is far outpacing past U.S. presidents” @CNBC With new trade deals, and more, THE BEST IS YET TO COME!— Donald J. Trump (@Donald J. Trump) 1577457750.0
...Frum provided a little fact check.
First directly on Trump's tweet:
@realDonaldTrump @CNBC It probably won't surprise very many people that the above claim is not true (Chart through… https://t.co/UMjsuP63z5— David Frum (@David Frum) 1577459851.0
Frum provided figures as of November 29, 2019.
@davidfrum @realDonaldTrump @CNBC https://t.co/R4WP8kQonD— DMR (@DMR) 1577459948.0
Then Frum provided additional information on his own thread.
The Trump stock market has been less good than the Clinton and Obama stock markets to this point in their presidenc… https://t.co/m8QrOrK2Dp— David Frum (@David Frum) 1577461270.0
Others backed Frum's numbers.
@davidfrum Here are the figures based on yesterday's close. The charts represent gains at the same point/day in the… https://t.co/n0CUGSthil— Joe Hynes (@Joe Hynes) 1577463493.0
Joe Hynes provided figures for the DOW and S&P as of December 26, 2019.
Trump was still running behind President Barack Obama.
@davidfrum The Dow gained more at the same exact point (Day 1070) under the following Presidential terms than it ha… https://t.co/7MZe93hMSH— TheValuesVoter (@TheValuesVoter) 1577477310.0
@davidfrum One quick point here: President Bush, at this exact point in his second term, had seen the Dow Jones ave… https://t.co/WWcVanRshY— TheValuesVoter (@TheValuesVoter) 1577484433.0
Others also corrected Trump's false claim.
@realDonaldTrump @CNBC the Dow tripled under Obama but cool story bro— Jeff Tiedrich (@Jeff Tiedrich) 1577457962.0
@itsJeffTiedrich @realDonaldTrump @CNBC Fading... https://t.co/6UdBghYOCi— The effect to your cause (@The effect to your cause) 1577458370.0
But some felt people were focusing on the wrong things.
@davidfrum This is the wrong take. The correct one is that no matter how well the stock market goes, it's not wort… https://t.co/HMAv1hH5TX— MO cheesehead (@MO cheesehead) 1577462238.0
@raddatz_mw @davidfrum Also, while the stock market continues to rise, we are seeing increases in homelessness, ma… https://t.co/G6CLONKxHT— wtsparrow (@wtsparrow) 1577462484.0
@wtsparrow2 @raddatz_mw @davidfrum And don’t worry about that poisonous air you’re breathing, capitalists will take care of it.— sjcrim (@sjcrim) 1577479603.0
@kennwickman @davidfrum About the time a Democratic president is elected and in office so GOP can blame them for it… https://t.co/3M4OiYHYCv— pfalcone@wanderingpfalcone (@pfalcone@wanderingpfalcone) 1577465014.0
@pfalcone4 @kennwickman @davidfrum Yep Repubs do it every time. Not only does a Dem have to clean up their messes b… https://t.co/WEu2nwUxYM— bluejoni (@bluejoni) 1577471520.0
And while people try to claim Trump's popularity is based on the economy, others point to another reason.
@ViewsPlusNews @davidfrum Decency & normalcy is not why they voted for him according to my 87 yo devoted mother. Th… https://t.co/bTcVTRJzVn— Barbara58 (@Barbara58) 1577471186.0
People predicted a fall coming soon.
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.