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Using the stock market to rate presidents is silly, but if you were to do that, Trump does not look all that great, and Obama looks like a miracle worker if you look at the 10-year chart:
And notice 2018, now that Trump's actual policies might have some influence of their own (rather than just riding on expectations and momentum from previous years), is looking a bit flat.
And this makes me wonder: On what basis would anyone say something like the post below?
Quote:
Originally Posted by WaldoKitty
LAWL. It had crashed to nothing under Obama. Even a $1 rise looks like 100% from that. You guys know this market has boomed under Trump. And you hide like roaches under a rock with obtuse facts such as that.
Last edited by Gaylenwoof; 12-08-2018 at 12:39 PM..
Democrats have caused more wars in the USA than any other party. Including the horrible Vietnam war started by LBJ.
Sometimes I think our founding fathers did a horrible job, since they had in mind a system of government with checks and balances that would ultimately "broker" the interests of America in a more balanced manner, with the Executive branch, the Legislative branch and the Judicial branch...
Then I learn in this forum that Democrats have actually been able to single-handedly determine the course of America regardless those efforts on the part of our founding fathers, especially as far as the more controversial wars are concerned, economic downturns too, all things bad essentially.
Unsettling to say the least when in light of these truths the Democrats recently won back so many House seats.
Even using THOSE dates/numbers, your claim is a lie. Obama saw the stock market go up nearly 9,000 points (almost DOUBLE -a 90% increase). While Trump's numbers (as of today) show about a 6,000 point increase (roughly 33% increase - about 1/3rd the increase Obama had) - with essentially NOTHING for the past year. There WAS plenty of EXPECTATION about Trump for the market (hence the gains in the 1st year), but the reality - as we're seeing this year - is something far, far different.
Ken
Good way of putting it. I saw the Giants win a football game last weekend, yet I had nothing to do with the result.
As for "expectations" of a POTUS being the major reason why people buy or sell stocks, thats a bit of a stretch. People buy mostly on expectations of how companies will perform, products will sell, and services will be consumed.
Market crashes to 12 year low during Obama term - Not his fault
Market recovers from crash during Obama term - Obama is great President.
Market hits highest points ever during Trump - Obama is greatest President.
Market has 600 point dip during historic high under Trump - Trump destroying economy
The Trump Derangement has to be seen to be believed.
^ comes off a tad defensive.
Nine of the twenty largest single day point declines occurred this year.
Despite Trump taking credit for increases and his base attributting gains to Trump, no POTUS controls the market. If a POTUS did, there would never be a decline.
Markets do however, give constant feedback to every POTUS.
Or....maybe Sorros is selling short. Yeah, that’s it.
Just like Trump himself, the Trumplings give him credit for every rise in the market, but then start furiously backpedaling and claiming he has no responsibility and/or it's somehow actually a good thing when the market goes back down. (unless, you know, that happens under a Democratic president, then it's the worst thing ever since the creation of the universe)
As usual, the GOP is the party of hypocrisy
And that beat goes on and on, don't you think, as one day not too long ago we also witness Trump praising his pick for Secretary of State, Tillerson...
Next thing we know, Tillerson says something critical of Trump, and suddenly Trump declares Tillerson "dumb as a rock" and "lazy as Hell."
Hey but never mind Tillerson somehow managed to work his way to the top of Exxon (the sort of resume that tends to make Trump supporters starry eyed). Also never mind Tillerson's criticism of Trump was in part about Trump's lack of respect for the rule of law.
We're already seeing the same sort of thing with Trump and the stock market. First according to Trump the stock market is telling all of us how great Trump is for the economy, per Trump's tweets on almost a daily basis. Next thing the market is not so flattering and Trump goes quiet. Finally Trump will be telling us the stock market is actually just made up of a bunch of dumb rocks, lazy fund managers and business leaders, all just another bunch of "enemies of the people." That's if the market continues to slump.
Another matter of course if the market begins to go back up. Talk about "dumb as a rock!"
Sure makes for some great reality TV type entertainment from the White House like never before however! Especially for the folks who love this sort of crap. No denying that fact no matter how dumb you are!
Nine of the twenty largest single day point declines occurred this year.
Despite Trump taking credit for increases and his base attributting gains to Trump, no POTUS controls the market. If a POTUS did, there would never be a decline.
Markets do however, give constant feedback to every POTUS.
Or....maybe Sorros is selling short. Yeah, that’s it.
Can we see the price chart on that ?
When ever Sorros is selling democrats are buying.
It should be a bull market full of BS.
Man, Trump is taking a licking over this stock market tanking.
Actual guys on the trading floor at Wall Street were saying that Trump's complete failure with the China trade talks are why the market uncertainty saw the market plummet this week.
Man, Trump is taking a licking over this stock market tanking.
Actual guys on the trading floor at Wall Street were saying that Trump's complete failure with the China trade talks are why the market uncertainty saw the market plummet this week.
Happy? Nope. Wanting to give Trump and the Trumplings the same amount of credit when the market goes down as they claim when it goes up isn't the same thing as being happy.
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