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I don't really watch the news but it was pretty much everywhere on radio and the news paper/online. Fake news complaining about "fake news," gotta love it.
Dow Jones Industrial Average on 01/20/2009 - 7949.09
Dow Jones Industrial Average on 01/20/2017 -19,827.25
So I guess that means President Obama did a pretty good job according to this logic.
Yeah, this is kinda faulty. Presidents usually have little to do with the DOW. Trump may be an exception. Wars, both real or trade, have big impacts. So will removing the illegal immigrants. While I agree they need to go, I do accept that there will be economic impacts from it in the short term that will be better for us long term in my opinion. The other side of it is that the value of the stock market can disappear overnight. Give it a year, and see where we are.
But then we hit another bit of reality. The market has regular recessions, and I expect another one shortly. As should anyone who studies economics. Not like 2009 however. I'm hoping that level of disaster is a once in a lifetime event.
Reality is, we are going to have another recession. How we come out of it may have a lot to do with Trump, and I will try and judge him based on that. Not on the fact that a recession occurs. Cause thats most likely happening no matter who is in charge. But how he handles it will help us judge him on it.
Also heard about it on NPR. And Rush. And some other right wing radio guy whose name escapes me. And multiple online news places.
The Dow is boring now that Obama brought us back from the abyss. We already celebrated the Dow in 2014. Big deal we're back. It's supposed to go up isn't it? The Dow only affects rich folks lives anyway. I don't why know poor out of work people would use the Dow to think their lives are getting any better.
Yeah, this is kinda faulty. Presidents usually have little to do with the DOW. Trump may be an exception. Wars, both real or trade, have big impacts. So will removing the illegal immigrants. While I agree they need to go, I do accept that there will be economic impacts from it in the short term that will be better for us long term in my opinion. The other side of it is that the value of the stock market can disappear overnight. Give it a year, and see where we are.
But then we hit another bit of reality. The market has regular recessions, and I expect another one shortly. As should anyone who studies economics. Not like 2009 however. I'm hoping that level of disaster is a once in a lifetime event.
Reality is, we are going to have another recession. How we come out of it may have a lot to do with Trump, and I will try and judge him based on that. Not on the fact that a recession occurs. Cause thats most likely happening no matter who is in charge. But how he handles it will help us judge him on it.
Also heard about it on NPR. And Rush. And some other right wing radio guy whose name escapes me. And multiple online news places.
This is true - let's also include another popular one, the POTUS has little to do with the price of gasoline.
It's also true that we are going to have another recession, but depending upon what policies Trump pushes, he could postpone it or hasten its coming and also he could minimize the effects or amplify them. But in reality, Congress is closer to the having a cause and effect on the economy.
Funny thing is when it does happen they aren't going to own it.
.........uh, there talking about the Dow Jones.
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