Minnesota Companies Performed Much Better on the Annual Audited Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (+7.3% Per Year) Than They Did During Trump/Pence's First Three Years in Office (+2.1% Per Year)

From a review of SEC filings and Google Finance, there were 33 Minnesota Companies with stock market caps of above $1 bil recently which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Fiscal Years from 2008 to 2019). 

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 33 Minnesota Companies for fiscal year end 2019, the last year of the Donald Trump/Mike Pence's first three full years in office so far, for fiscal year end 2016, the year before the start of the Donald Trump/Mike Pence Administration as well as also the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.

							Average	Average
			Annual	Audited	Audited	Audited	Annual	Annual
			Audited	Pretax	Pretax	Pretax	% Change	% Change
			Fincl	Income	Income	Income	During	During
			Sts	(Loss)	(Loss)	(Loss)	Trump-	Obama-
Minnesota Companies	Minnesota		2019	FYE	FYE	FYE	Pence	Biden
Stock Market Caps Above $1 Bil	City	State	FYE	2019	2016	2008	3 Years	8 Years
	HQs	HQs		$ mils	$ mils	$ mils	2017-19	2009-16
UnitedHealth Group	Minneapolis	MN	Dec 19	17,981	11,863	4,624	17%	20%
US Bancorp	Minneapolis	MN	Dec 19	8,594	8,105	4,099	2%	12%
3M	Saint Paul	MN	Dec 19	5,712	7,053	5,108	-6%	5%
Target	Minneapolis	MN	Jan 20	4,190	3,961	3,536	2%	2%
Medtronic plc	Minneapolis	MN	Apr 20	4,055	4,602	2,440	-4%	11%
Travelers Companies	Saint Paul	MN	Dec 19	3,138	4,053	3,716	-8%	1%
General Mills	Minneapolis	MN	May 20	2,600	2,271	1,942	5%	2%
Ameriprise Financial	Minneapolis	MN	Dec 19	2,232	1,591	(423)	13%	NM
Best Buy	Richfield	MN	Jan 20	1,993	1,816	1,700	3%	1%
Ecolab	Saint Paul	MN	Dec 19	1,899	1,649	651	5%	19%
XCEL Energy	Minneapolis	MN	Dec 19	1,500	1,704	984	-4%	9%
Hormel Foods	Austin	MN	Oct 19	1,210	1,317	461	-3%	23%
Fastenal	Winona	MN	Dec 19	1,044	790	451	11%	9%
CH Robinson Worldwide	Eden Prairie	MN	Dec 19	742	812	578	-3%	5%
Polaris Inc	Medina	MN	Dec 19	408	313	177	10%	10%
Pentair plc	Golden Valley	MN	Dec 19	408	220	367	28%	-5%
Graco	Minneapolis	MN	Dec 19	406	97	179	106%	-6%
Donaldson	Minneapolis	MN	July 19	375	257	236	15%	1%
Toro Co	Bloomington	MN	Oct 19	322	330	181	-1%	10%
Two Harbors Investment Corp	Minnetonka, MN / New York	MN	Dec 19	310	330	3	-2%	1363%
Allete Inc	Duluth	MN	Dec 19	179	176	126	1%	5%
H B Fuller	Saint Paul	MN	Nov 19	173	163	10	2%	191%
Piper Sandler	Minneapolis	MN	Dec 19	119	(31)	(224)	NM	NM
Bio-Techne	Minneapolis	MN	June 19	112	147	154	-8%	-1%
Otter Tail	Fergus Falls	MN	Dec 19	104	82	50	9%	8%
Sleep Number	Minneapolis	MN	Dec 19	101	76	(73)	11%	NM
Proto Labs	Maple Plain	MN	Dec 19	81	64	10	9%	68%
Tennant	Minneapolis	MN	Dec 19	54	66	18	-6%	33%
SPS Commerce	Minneapolis	MN	Dec 19	42	8	(2)	142%	NM
Cardiovascular Systems	Saint Paul	MN	June 19	(0)	(56)	(39)	NM	NM
Deluxe Corp	Shoreview	MN	Dec 19	(186)	340	160	-52%	14%
Patterson Companies	Saint Paul	MN	Apr 20	(590)	251	320	-112%	-3%
Mosaic Co	Plymouth, MN / Tampa, FL	MN	Dec 19	(1,256)	242	2,906	-206%	-11%
Total all 33 Minnesota Companies				58,052	54,662	34,426	2.1%	7.3%