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Old 07-13-2018, 12:26 PM
 
Location: The 719
14,640 posts, read 22,493,666 times
Reputation: 13920

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Quote:
Originally Posted by moneill View Post
How are you loving it now?
Loving what?

Your kneejerk?

Patience... At least wait for the week to end.

MSM stock market program...
If stocks are up, then goto Obama did it Subroutine.
If stocks are down, then blame Trump, else goto
End.
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Old 07-13-2018, 02:56 PM
 
15,647 posts, read 4,145,106 times
Reputation: 11239
Let's try to be more truthful than Trump...and less sensational than the media, especially the pump and dump publs like Forbes, WSJ, etc.


The enclosed shows the S&P since the lows of 2008/2009...

Not the continual, and somewhat evenly distributed, upswing.



For those who only care about money (a LOT of people), if nothing else...this shows Obama (like the OP's Trump Claim) is just the GREATEST on the economy. Most other metrics would buttress this - including that he was handed a destroyed economy and stock market, while Trump was handed a growing scenario. Trump would really have to try hard (and he is) to screw up the stock markets.

But any claims that this current growth is "something special" due to Trump policies is ridiculous. In fact, I think we can see by all the businesses becoming confused that - sometime in the future - we will pay the price. Once again, it may be under a Dem POTUS.....this has been a somewhat typical scenario, that of the GOP ruining things by poor decisions (Iraq, Afghanistan, Great Recession, etc.) and then handed the whole mess to Obama and then complaing he can't fix things in a couple months or years....

I am certainly happy that my career in physical goods is over...trying to operate stores, factories, importing businesses, etc. in this environment is difficult. There is no way to make decent plans for even the near future.

So now we can put this thread to bed....with the summary:

1. No, Trump is not the Greatest on the Economy - in fact, the market is flat for the year.
2. Inflation is accelerating, doing away with wages gains and more. Gas prices and higher interest rates will offset a LOT more than 2 or 3%.
3. Failure to understand the future means Trump is not preparing us to prosper in it. For example, by rolling back auto MPG stats he makes it so that a commute or biz trip will cost more....and that others in the world will be less interested in our vehicles.

In addition, Trump is enlarging the debt and deficit (1.5 Trillion for the tax cuts..alone..and they aren't doing much to help the common man!)....a debt and deficit we are already paying higher interest on (meaning less money for actual programs, etc.).....

Having been in some form of business since helping out in dad's factor at 14, what I see doesn't impress me in the least. My take is that the best ideas for the future involve regulated capitalism...which points toward efficiency and technology so that we have the most valuable products (brains) to sell to the rest of the world.
Attached Thumbnails
President Trump is absolutely the greatest on the economy. Dow breaks 25,000-screen-shot-2018-07-13-4.40.39  
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Old 07-13-2018, 04:08 PM
 
27,265 posts, read 9,252,124 times
Reputation: 9514
Friday the 13th and even that can't keep the market down on Trump's watch.
Above 25,000 again.
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Old 07-13-2018, 04:28 PM
 
Location: Pyongjang
5,604 posts, read 2,367,993 times
Reputation: 3804
People really did not expect the market to continue going up the last few years. Trump should get some credit there. His tax cut proposal drove the 2017 gains. This is the longest bull market in history. It's much harder to keep a bull market going in its late stages after your predecessor propped it up with quantitative easing and historically low interest rates for the longest time. On the other hand, when Obama started, the market had only one way to go and that was up so he shouldn't get much credit. He had maybe 1 good year of growth. That's a .125 average which doesn't cut it.
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Old 07-13-2018, 06:05 PM
 
Location: Chicago, IL
6,918 posts, read 3,445,146 times
Reputation: 2936
Quote:
Originally Posted by mightleavenyc View Post
People really did not expect the market to continue going up the last few years. Trump should get some credit there. His tax cut proposal drove the 2017 gains. This is the longest bull market in history. It's much harder to keep a bull market going in its late stages after your predecessor propped it up with quantitative easing and historically low interest rates for the longest time. On the other hand, when Obama started, the market had only one way to go and that was up so he shouldn't get much credit. He had maybe 1 good year of growth. That's a .125 average which doesn't cut it.
So in other words Obama kicked so mush ass with the economy there's nothing left for Trump to improve. Other than goosing the stock market with unnecessary tax cuts.

Trump is the best thing to ever happen to Obama's legacy.
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Old 07-13-2018, 06:57 PM
 
Location: Northridge/Porter Ranch, Calif.
22,406 posts, read 27,653,559 times
Reputation: 6543
Quote:
Originally Posted by NeutralParty View Post
I was not a big fan of Obama's, but I've got to give him credit for digging us out of a recession and leading us to where we are now. Barack has been out of office for nearly 18 months and the economy is still prospering form the things he did during his 8 years as president.

I appreciate Trump not doing anything stupid enough to ruin things, so I'll credit him for that.

Between saving the economy and killing Bin Laden, 44 is alright in my book. I won't read any of his books, though. LOL.
Obama did not kill Bin Laden. The U.S. military did. And Bin was found by methods of which Obama opposed.

Also, it as the weakest economic recovery when Obama was in office since the 1940s.
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Old 07-13-2018, 07:01 PM
 
Location: Northridge/Porter Ranch, Calif.
22,406 posts, read 27,653,559 times
Reputation: 6543
Quote:
Originally Posted by EddieB.Good View Post
So in other words Obama kicked so mush ass with the economy there's nothing left for Trump to improve. Other than goosing the stock market with unnecessary tax cuts.
"Unnecessary tax cuts?" Says who?


Quote:
Trump is the best thing to ever happen to Obama's legacy.
Obama has a legacy?"
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Old 07-13-2018, 08:07 PM
 
Location: Chicago, IL
6,918 posts, read 3,445,146 times
Reputation: 2936
Quote:
Originally Posted by Fleet View Post
"Unnecessary tax cuts?" Says who?




Obama has a legacy?"
If you don't understand what words mean, you should probably use your tax savings on a dictionary.

Who says they were unnecessary? The business owners who said they didn't need them and wouldn't use them for jobs if they got them? The economist who said the economy isn't at a place where it needs the boost that tax cuts are supposed to give? The researchers at the CBO who pointed out that it would lead to an additional 1.5 trillion dollar deficit and would not pay for itself?
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Old 07-19-2018, 09:07 AM
 
27,265 posts, read 9,252,124 times
Reputation: 9514
Just like it says in the headline : President Trump is absolutely the greatest on the economy.

http://www.marketwatch.com/story/mor...dist=bigcharts

The most immediate problem for what is now a very robust economy is a growing shortage of skilled workers while the threat of a tariff war casts a cloud over the future.
But for now, times are good.
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Old 07-19-2018, 09:50 AM
 
Location: Divided Tribes of America
13,753 posts, read 5,568,688 times
Reputation: 5409
Quote:
Originally Posted by phma View Post
Just like it says in the headline : President Trump is absolutely the greatest on the economy.

http://www.marketwatch.com/story/mor...dist=bigcharts

The most immediate problem for what is now a very robust economy is a growing shortage of skilled workers while the threat of a tariff war casts a cloud over the future.
But for now, times are good.
There is no shortage of skilled workers. The labor market is global, and there are vast numbers of skilled professionals around the world willing to work for less.
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