Trump tweets wildly misleading comparison of the national debt in his first month to Obama's

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On Saturday morning, President Donald Trump took to Twitter to point out a fact he thought the media was underreporting: the decrease in the national debt in his first month.

"The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo[nth]," tweeted Trump.

The tweet, which echoes something Herman Cain said on Fox News' Fox & Friends an hour before, doesn't make sense for a few reasons.

First, it is true that the debt has probably ticked down but as noted by the Atlantic's David Frum, this is mostly due to the federal government rebalancing its intra-governmental holdings. Debt outstanding to the public has barely budged since Inauguration Day.

Additionally, the federal government is still operating under the budget passed before Trump came into office, so even if the overall debt decreased, his administration had little to do with it.

Finally, and most importantly, the economic circumstances during his and Obama's first month in office are vastly different and make the comparison totally off base.

When Obama took office in January 2009, the country was in the midst of the worst financial crisis since the Great Depression. The US economy lost 702,000 jobs in February 2009 and 832,000 in March 2009, GDP growth collapsed, and foreclosures soared.

In response to this crisis, Obama did what presidents typically do during recessions: took on debt to stimulate the economy.

President Obama's first 100 days in the White House:

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President Obama's first 100 days in the White House
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President Obama's first 100 days in the White House

White House photographer Pete Souza took this photo of President-elect Barack Obama moments before Obama took the oath of office.

(White House Photo/Pete Souza)

President Obama and first lady Michelle Obama shared a moment at the Inaugural Ball on January 20, 2009.

(White House Photo/Pete Souza)

The next day, Obama entered the Oval Office to begin his first full day as America's 44th president.

(White House Photo/Pete Souza)

Obama reads a letter that former President George W. Bush left for him in the Oval Office's resolute desk. Leaving a letter for the incoming president has become a White House tradition.

(White House Photo/Pete Souza)

Obama toured the White House grounds with curator William Allman, chief usher Adm. Stephen Rochon, and presidential personal aide Reggie Love.

(White House Photo/Pete Souza)

Obama toured the White House grounds with curator William Allman, chief usher Adm. Stephen Rochon, and presidential personal aide Reggie Love.

(White House Photo/Pete Souza)

The Obamas and staff wear 3-D glasses while watching a TV commercial during Super Bowl 43, Arizona Cardinals vs. Pittsburgh Steelers, in the family theater of the White House.

(White House Photo/Pete Souza)

Here's a photo of Obama meeting with senior advisers in the Oval Office during the third week of his presidency.

(White House Photo/Pete Souza)

President Obama walks to the Oval Office along the Colonnade with Vice President Joe Biden, Feb. 3, 2009.

(White House Photo/Pete Souza)

Wearing an embroidered crew jacket, Obama waited for the first of many flights aboard Air Force One.

(White House Photo/Pete Souza)

Close-up detail of President Obama's signature on a bill, and a pen used for the signing, aboard Air Force One on a flight from Buckley Air Force Base, Denver to Phoenix, Arizona.

(White House Photo/Pete Souza)

Obama gave his first State of the Union address on February 24, 2009.

(White House Photo/Pete Souza)

Before giving a policy speech on Iraq, Obama places his hand on his heart as the national anthem is played backstage at the Field House in Camp Lejeune, North Carolina, Feb. 27, 2009.

(White House Photo/Pete Souza)

Obama arrives at Port Columbus International Airport with Sen. Sherrod Brown, Rep. Mary Jo Kilroy, and Secret Service on March 6, 2009.

(White House Photo/Pete Souza)

Obama takes a break to shoot hoops on the White House South Lawn basketball court.

(White House Photo/Pete Souza)

The Obamas walked to Marine One on the South Lawn before heading off on one of their first trips to Camp David.

(White House Photo/Pete Souza)

Obama runs down the East Colonnade with family dog, Bo, on March 15, 2009.

(White House Photo/Pete Souza)

President Obama reflects during an economic meeting with advisors in the Roosevelt Room of the White House, March 15, 2009. He is seated between Senior Advisor David Axelrod, left, and Chief of Staff Rahm Emanuel.

(White House Photo/Pete Souza)

Obama meets with Senate Budget Committee Chairman Sen. Kent Conrad (D-ND), House Budget Committee Chairman Rep. John Spratt Jr. (D-SC), Office of Management and Budget Director Peter Orszag, and Assistant to the President for Legislative Affairs Phil Schiliro, March 17, 2009.

(White House Photo/Pete Souza)

Obama shares a moment with Jay Leno off set of the Tonight Show at NBC Studios, Burbank, California.

(White House Photo/Pete Souza)

Obama hugs First Lady Michelle Obama in the Red Room of the White House while Senior Advisor Valerie Jarrett smiles prior to the National Newspaper Publishers Association reception, March 20, 2009.

(White House Photo/Pete Souza)

Obama with Press Secretary Robert Gibbs, Senior Advisor David Axelrod and Chief of Staff Rahm Emanuel in the Red Room of the White House prior to a live prime time press conference in the East Room.

(White House Photo/Pete Souza)

Obama rests his foot on a football during the Domestic Policy Council Meeting in the Oval Office.

(White House Photo/Pete Souza)

Obama looks out the Green Room window prior to the "Open for Questions" virtual town hall meeting on the economy in the East Room of the White House, March 26, 2009.

(White House Photo/Pete Souza)

BlackBerry's, cell phones and communications devices are tagged with post-its during a briefing on Afghanistan and Pakistan in the Cabinet Room of the White House.

(White House Photo/Pete Souza)

Obama makes a point during an interview in the Roosevelt Room of the White House, March 27, 2009.

(White House Photo/Pete Souza)

Obama conducts interviews in the Map Room of the White House on March 30, 2009.

(White House Photo/Pete Souza)

Obama walks to a podium in the Grand Foyer of the White House before making a statement regarding the American auto industry in March 2009.

(White House Photo/Pete Souza)

The Obamas were welcomed by Queen Elizabeth II to Buckingham Palace in London while in town for the G20 summit.

(White House Photo/Pete Souza)

Obama confers with US Treasury Secretary Timothy Geithner during the G-20 Summit April 2, 2009, at the ExCel Centre in London, England.

(White House Photo/Pete Souza)

Obama and First Lady Michelle Obama join staff aboard Air Force One during their flight from Stansted Airport in Essex, England, en route to Strasbourg, France.

(White House Photo/Pete Souza)

Obama, joined by French President Nicolas Sarkozy, receives an enthusiastic welcome to Palais Rohan in Strausbourg, France.

(White House Photo/Pete Souza)

Obama walks and Sarkozy leave the Palais Rohan following their meeting.

(White House Photo/Pete Souza)

Obama, NATO Secretary General Jaap de Hoop Scheffer and fellow NATO leaders step down from a photo platform April 4, 2009.

(White House Photo/Pete Souza)

Obama makes remarks at a press conference following the NATO Summit in Strasbourg, France.

(White House Photo/Pete Souza)

President Obama lifts up a baby April 4, 2009, during the U.S. Embassy greeting at a Prague hotel.

(White House Photo/Pete Souza)

First Lady Michelle Obama waits as President Barack Obama, background, signs the guestbook upon their arrival to Prague Castle, April 5, 2009.

(White House Photo/Pete Souza)

Obama gave a fist bump to a US soldier while visiting troops at Camp Victory in Iraq on April 7, 2009.

(White House Photo/Pete Souza)

President Obama and Michelle smiled at each other inside a White House elevator after a Cinco de Mayo celebration.

(White House Photo/Pete Souza)

Obama makes his way down the stairs of Air Force One April 8, 2009, upon his arrival to Andrews Air Force Base returning from Baghdad, Iraq.

(White House Photo/Pete Souza)

Obama and Secretary of State Hillary Rodham Clinton speak together sitting at a picnic table April 9, 2009, on the South Lawn of the White House.

(White House Photo/Pete Souza)

Obama meets with members of his Cabinet in the Cabinet Room at the White House.

(White House Photo/Pete Souza)

Obama plays with a football in the Oval Office on April 23, 2009.

(White House Photo/Pete Souza)

Obama and Vice President Joe Biden practiced their putting skills on the White House green.

(White House Photo/Pete Souza)

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In the depths of a recession, private investment collapses. So, generally accepted economic theory concludes that the government should induce investment and step in during these times of crisis to prop up the stumbling private sector.

Thus, both Obama and his predecessor George W. Bush signed into law bills to inject large amounts of capital into the economy to both save the financial sector and get people back to work.

For instance, Bush passed the Toxic Asset Relief Program in October 2008 which used just over $426 billion in federal funds to "bail out" the country's largest banks. Obama signed the American Recovery and Reinvestment Act in February 2009 which allocated $831 billion in federal funds to finance investment projects such as infrastructure.

By contrast, Trump has inherited — as he even noted — a country with a vastly improved economic standing.

The labor market has improved drastically, with unemployment at just 4.8% and the number of people claiming unemployment benefits nearing the lowest point in 40 years. In fact, during Obama's term the US added over 11 million private sector jobs.

Donald Trump's first 100 days in office:

70 PHOTOS
Donald Trump's first 100 days in office, a photo for each day
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Donald Trump's first 100 days in office, a photo for each day
US President Donald Trump takes the oath of office with his wife Melania and son Barron at his side, during his inauguration at the U.S. Capitol in Washington, U.S., January 20, 2017. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY
U.S. President Donald Trump waves as he leaves the Central Intelligence Agency (CIA) headquarters after delivering remarks during a visit in Langley, Virginia U.S., January 21, 2017. REUTERS/Carlos Barria TPX IMAGES OF THE DAY
U.S. President Donald Trump shows a letter from former President Barack Obama at a swearing-in ceremony for senior staff at the White House in Washington, DC January 22, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump holds up the executive order on withdrawal from the Trans Pacific Partnership after signing it in the Oval Office of the White House in Washington January 23, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump speaks to reporters while signing an executive order to advance construction of the Keystone XL pipeline at the White House in Washington January 24, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump, left, speaks as U.S. Vice President-elect Mike Pence, center, and John Kelly, secretary of U.S. Homeland Security, stand during a visit to the Department of Homeland Security (DHS) in Washington, D.C. U.S., on Wednesday, Jan. 25, 2017. Trump acted on two of the most fundamental -- and controversial -- elements of his presidential campaign, building a wall on the border with Mexico and greatly tightening restrictions on who can enter the U.S. Photographer: Chip Somodevilla/Pool via Bloomberg
U.S. President Donald Trump speaks briefly to reporters as he arrives aboard Air Force One at Joint Base Andrews, Maryland, U.S. January 26, 2017. REUTERS/Jonathan Ernst
WASHINGTON, DC - JANUARY 27: British Prime Minister Theresa May shakes hands with U.S. President Donald Trump in The Oval Office at The White House on January 27, 2017 in Washington, DC. British Prime Minister Theresa May is on a two-day visit to the United States and will be the first world leader to meet with President Donald Trump. (Photo by Christopher Furlong/Getty Images)
U.S. President Donald Trump, flanked by Chief of Staff Reince Priebus (R), speaks by phone with Russia's President Vladimir Putin in the Oval Office at the White House in Washington, U.S. January 28, 2017. REUTERS/Jonathan Ernst
Activists march to the US Capitol to protest President Donald Trump's executive actions on immigration in Washington January 29, 2017. REUTERS/Aaron P. Bernstein TPX IMAGES OF THE DAY
U.S. President Donald Trump speaks before signing an executive order while surrounded by small business leaders in the Oval Office of the White House in Washington, D.C., U.S., on Monday, Jan. 30, 2017. Trump said he will dramatically reduce regulations overall with this executive action as it requires that for every new federal regulation implemented, two must be rescinded. Photographer: Andrew Harrer/Bloomberg via Getty Images
WASHINGTON, DC - JANUARY 31: (AFP OUT) U.S. President Donald Trump shakes hands with Robert J. Hugin, Executive Chairman, Celgene Corporation, as he meets with representatives from PhRMA, the Pharmaceutical Research and Manufacturers of America in the Roosevelt Room of the White House on January 31, 2017 in Washington, DC. According to its website, PhRMA 'represents the country's leading biopharmaceutical researchers and biotechnology companies.' Kenneth C. Frazier, Chairman and CEO of Merck & Co. looks on from left. (Photo by Ron Sachs - Pool/Getty Images)
Rex Tillerson, U.S. Secretary of State for President Donald Trump, left, speaks as U.S. President Donald Trump listen after the swearing-in ceremony in the Oval Office of the White House in Washington, D.C., U.S., on Wednesday, Feb. 1, 2017. Tillerson won Senate confirmation as secretary of state after lawmakers split mostly along party lines on President Trump's choice of an oilman with no government experience but a career negotiating billions of dollars of energy deals worldwide. Photographer: Michael Reynolds/Pool via Bloomberg
WASHINGTON, DC - FEBRUARY 2: President Trump and Vice President Mike Pence meet with Harley Davidson executives and Union Representatives on the South Lawn of the White House in Washington, DC on Thursday, Feb. 02, 2017. (Photo by Jabin Botsford/The Washington Post via Getty Images)
U.S. President Donald Trump waves as he arrives at West Palm Beach International airport in West Palm Beach, Florida, U.S., February 3, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump and First Lady Melania Trump attend the 60th Annual Red Cross Gala at Mar-a-Lago club in Palm Beach, Florida, U.S., February 4, 2017. REUTERS/Carlos Barria
US President Donald Trump watches the Super Bowl with First Lady Melania Trump (R) and White House Chief of Staff Reince Priebus (L) at Trump International Golf Club Palm Beach in West Palm Beach, Florida on February 5, 2017. / AFP / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
U.S. President Donald Trump salutes as he arrives at MacDill Air Force Base in Tampa, Florida, U.S., February 6, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump receives a figurine of a sheriff during a meeting with county sheriffs at the White House in Washington, U.S. February 7, 2017. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY
U.S. President Donald Trump speaks while Brian Krzanich, chief executive officer of Intel Corp., left, listens during a meeting at The White House in Washington, D.C., U.S., on Wednesday, Feb. 8, 2017. Trump defended his power to put limits on who can enter the U.S., saying it shouldn't be challenged in the courts even as a three-judge panel weighs whether to reinstate restrictions on refugees and travelers from seven predominantly Muslim nations. Photographer: Chris Kleponis/Pool via Bloomberg
U.S. President Donald Trump watches as Vice President Mike Pence (R) swears in Jeff Sessions (L) as U.S. Attorney General while his wife Mary Sessions holds the Bible in the Oval Office of the White House in Washington, U.S., February 9, 2017. REUTERS/Kevin Lamarque
Japanese Prime Minister Shinzo Abe is greeted by U.S. President Donald Trump (L) ahead of their joint news conference at the White House in Washington, U.S., February 10, 2017. REUTERS/Joshua Roberts
US President Donald Trump and First Lady Melania Trump pose for photos with Japanese Prime Minister Shinzo Abe and his wife Akke Abe at Trump's Mar-a-Lagoresort in Palm Beach, Florida, on February 11, 2017 prior to dinner. / AFP / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
U.S. President Donald Trump arrives on Air Force One at Joint Base Andrews, Maryland, U.S., February 12, 2017. REUTERS/Carlos Barria
Canadian Prime Minister Justin Trudeau (L) and U.S. President Donald Trump shake hands during a joint news conference at the White House in Washington, U.S., February 13, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump listens to U.S. Secretary of Education Betsy DeVos speak at meeting with teachers and parents at the White House in Washington, U.S., February 14, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump (2ndR) and first lady Melania Trump greet Israeli Prime Minister Benjamin Netanyahu and his wife Sara (L) as they arrive at the South Portico of the White House in Washington, U.S., February 15, 2017.REUTERS/Kevin Lamarque
U.S. President Donald Trump announces Alexander Acosta as his new nominee to lead the Department of Labor during a news conference at the White House in Washington, U.S., February 16, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump walks with his grandchildren Arabella and Joseph to Marine One upon his departure from the White House in Washington, U.S., February 17, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump and first lady Melania Trump acknowledge supporters during a "Make America Great Again" rally at Orlando Melbourne International Airport in Melbourne, Florida, U.S. February 18, 2017. REUTERS/Kevin Lamarque
The motorcade of U.S. President Donald Trump turns into Trump International Golf Club in West Palm Beach, Florida U.S., February 19, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump announces his new National Security Adviser Army Lt. Gen. H.R. McMaster (L) and that acting adviser Keith Kellogg (R) will become the chief of staff of the National Security Council at Trump's Mar-a-Lago estate in Palm Beach, Florida U.S. February 20, 2017. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY
WASHINGTON, DC - FEBRUARY 21: (AFP OUT) President Donald Trump tours the Smithsonian National Museum of African American History & Culture on February 21, 2017 in Washington, DC. (Photo by Kevin Dietsch - Pool/Getty Images)
Director of the Office of Management and Budget Mick Mulvaney (L) listens to U.S. President Donald Trump speak during a "strategic initiatives" lunch at the White House in Washington, U.S., February 22, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump arrives for a meeting with experts on addressing human trafficking at the White House in Washington, DC, U.S. February 23, 2017. REUTERS/Jonathan Ernst
U.S. President Donald Trump addresses the Conservative Political Action Conference (CPAC) in Oxon Hill, Maryland, U.S. February 24, 2017. REUTERS/Jonathan Ernst
U.S. President Donald Trump leaves after a dinner at Trump International Hotel in Washington, U.S., February 25, 2017. REUTERS/Yuri Gripas
WASHINGTON, DC - FEBRUARY 26: AFP OUT President Donald Trump delivers brief remarks before a toast during the annual Governors' Dinner in the East Room of the White House February 26, 2017 in Washington, DC. Part of the National Governors Association� annual meeting in the nation's capital, the black tie dinner and ball is the first formal event the Trumps will host at the White House since moving in last month. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - FEBRUARY 27: U.S. President Donald Trump poses with the Historically Black Colleges and Universities in the Oval Office of the White House, on February 27, 2017 in Washington, DC. (Photo by Aude Guerrucci-Pool/Getty Images)
US Vice President Mike Pence (L) and Speaker of the House Paul Ryan (R) applaud as US President Donald J. Trump (C) arrives to deliver his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, USA, 28 February 2017. REUTERS/Jim Lo Scalzo
U.S. President Donald Trump looks up while hosting a House and Senate leadership lunch at the White House in Washington, U.S. March 1, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump tours the pre-commissioned U.S. Navy aircraft carrier Gerald R. Ford at Huntington Ingalls Newport News Shipbuilding facilities in Newport News, Virginia, U.S. March 2, 2017. REUTERS/Jonathan Ernst 
U.S. President Donald Trump, joined by U.S. Senator Marco Rubio (from L), U.S. Education Secretary Betsy DeVos and White House advisor Jared Kushner, thanks fourth-grade students for the "Happy Birthday Florida" card they gave him as he visits their classroom at Saint Andrew Catholic School in Orlando, Florida, U.S. March 3, 2017. REUTERS/Jonathan Ernst
WEST PALM BEACH, FL - MARCH 04: US President Donald Trump waves from his vehicle as he stops while being driven past supporters near his Mar-a-Lago resort home on March 4, 2017 in West Palm Beach, Florida. President Trump spent part of the weekend at the house. (Photo by Joe Raedle/Getty Images)
WASHINGTON, DC - MARCH 05: President Donald J. Trump walks across the South Lawn towards the White House on March 5, 2017 in Washington, DC. Trump is returning from a weekend at his Mar-a-Lago club in Palm Beach. Florida. (Photo by Erik S. Lesser-Pool/Getty Images)
U.S. Secretary of State Rex Tillerson (L) and U.S. Attorney General Jeff Sessions stand together after speaking on issues related to visas and travel after U.S. President Donald Trump signed a new travel ban order in Washington, U.S., March 6, 2017. REUTERS/Kevin Lamarque
Beside a painting of Hillary Clinton, U.S. President Donald Trump makes a surprise appearance in front of a tour group at the White House in Washington, U.S. March 7, 2017. REUTERS/Kevin Lamarque
WASHINGTON, DC - MARCH 8: First Lady Melania Trump arrives at a luncheon she was hosting to mark International Women's Day in the State Dining Room at the White House in Washington, DC on Wednesday, March. 08, 2017. (Photo by Jabin Botsford/The Washington Post via Getty Images)
WASHINGTON, DC - MARCH 09: US President Donald Trump greets Dorothy Savarese, CEO of Cape Cod Five Mutual Company, during a National Economic Council listening session with the CEOs of small and community banks, in the Roosevelt Room at the White House on March 9, 2017 in Washington, D.C. (Photo by Kevin Dietsch-Pool/Getty Images)
U.S. President Donald Trump talks with Representative Greg Walden (R-OR) during a healthcare meeting with key House Committee Chairmen at the White House in Washington, U.S., March 10, 2017. REUTERS/Carlos Barria
POTOMAC FALLS, VA - MARCH 11: President Donald Trump has a working lunch with staff and cabinet members and significant others at his golf course, Trump National on March 11, 2017 in Potomac Falls, Virginia. (Photo by Pete Marovich-Pool/Getty Images)
A boy looks at a man dressed in the likeness of U.S. President Donald Trump as ultra Orthodox Jewish men dressed in Purim costumes take part in the reading from the Book of Esther ceremony performed on the Jewish holiday of Purim, a celebration of the Jews' salvation from genocide in ancient Persia, as recounted in the Book of Esther, in Jerusalem March 12, 2017. REUTERS/Ammar Awad
U.S. President Donald Trump is applauded by his cabinet as he signs an executive order entitled "Comprehensive Plan for Reorganizing the Executive Branch" in the Oval Office at the White House in Washington, U.S. March 13, 2017. REUTERS/Jonathan Ernst
U.S. President Donald Trump and Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman enter the State Dining Room of the White House in Washington, U.S., March 14, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump takes the stage for a rally at Municipal Auditorium in Nashville, Tennessee, U.S. March 15, 2017. REUTERS/Jonathan Ernst
Ireland's Prime Minister Enda Kenny (R) presents a traditional gift of a bowl of shamrocks to U.S. President Donald Trump during a St. Patrick's Day reception at the White House in Washington, U.S. March 16, 2017. REUTERS/Jonathan Ernst
German Chancellor Angela Merkel (L) and U.S. President Donald Trump walk to a joint news conference in the East Room of the White House in Washington, U.S., March 17, 2017. REUTERS/Joshua Roberts
The motorcade of U.S. President Donald Trump makes its way to Trump International Golf Club in West Palm Beach, Florida, U.S., March 18, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump speaks to reporters with New England Patriots owner Robert Kraft at his side aboard Air Force One as he departs West Palm Beach, Florida, U.S., to return to Washington March 19, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump walks on the South Lawn of the White House to board Marine One before departing to Louisville, Kentucky, in Washington U.S., March 20, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump receives a NASA jacket during a signing ceremony for S442, the NASA transition authorization act, in the Oval Office of the White House in Washington, U.S., March 21, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump attends a meeting with the Congressional Black Caucus Executive Committee at the White House in Washington, DC, U.S., March 22, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump reacts as he sits on a truck while he welcomes truckers and CEOs to attend a meeting regarding healthcare at the White House in Washington, U.S., March 23, 2017. REUTERS/Carlos Barria TPX IMAGES OF THE DAY
WASHINGTON, DC - MARCH 24: U.S. President Donald Trump meets with Medal of Honor recipients in the Oval Office of the White House on March 24, 2017 in Washington, DC. The meeting with decorated war heroes took place on Medal of Honor Day (Photo by Olivier Douliery-Pool/Getty Images)
U.S. President Donald Trump leaves after a dinner at Trump International Hotel in Washington, U.S., March 25, 2017. REUTERS/Yuri Gripas
Security personnel stand watch as U.S. President Donald Trump's motorcade arrives at the Trump National Golf Club in Potomac Falls, Virginia, U.S., March 26, 2017. REUTERS/Joshua Roberts
Interior Secretary Ryan Zinke (C) receives a pen after U.S. President Donald Trump signed H.J. Res. 57, in the Roosevelt room of the White House in Washington, U.S., March 27, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump holds up an executive order on "energy independence," eliminating Obama-era climate change regulations, during a signing ceremony at the Environmental Protection Agency (EPA) headquarters in Washington, U.S., March 28, 2017. REUTERS/Carlos Barria
US President Donald Trump jokes with New Jersey Governor Chris Christie during a meeting about opioid and drug abuse in the Roosevelt Room at the White House in Washington, DC, on March 29, 2017. / AFP PHOTO / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
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Things outside of the labor market are pretty solid as well. Corporate profits have recently dipped below all-time highs and the stock market has soared more than 225% from its bottom in March 2009, and the housing market is growing again.

While it's not all perfect — business investment is lagging, wages still haven't hit pre-crisis levels, and economic gains have not been equally distributed throughout the country — there is no doubt that Trump inherits a better economic starting position than Obama did in 2009 with no reason to spend massive amounts of federal money to assist the economy.

Trump even noted these differences in a follow-up tweet.

"Great optimism for future of US business, AND JOBS, with the DOW having an 11th straight record close," tweeted Trump. "Big tax & regulation cuts coming!"

While some of the increase in the confidence indexes have come after the election, much of the economic good news was around before Trump took office.

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