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Old 01-04-2018, 07:51 AM
 
26,632 posts, read 9,061,236 times
Reputation: 9274

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President Trump is absolutely the greatest on the economy. Dow breaks 25,000

They say it still has room to run !!!!

Go ahead 401K make my day !!!
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Old 01-04-2018, 07:53 AM
 
12,842 posts, read 4,643,803 times
Reputation: 5213
With the tax cuts for the rich, they have already admitted that the big business leaders will do more stock buybacks. They are rewarded financially when the stock price increases and stock buybacks increase the stock price. The top 1% own almost 40% of the stock market in America. They are flying!
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Old 01-04-2018, 07:55 AM
 
Location: USA
7,478 posts, read 5,788,208 times
Reputation: 12322
Lol.

Seriously, can we just stop now? We've got people praising Trump for everything from "being the true spirit of Christmas" to "preventing planes from falling out of the sky." The cult-like mindset is no longer funny.

The Dow has been on a strong, steady rise since about late 2009 to 2010. You know, when Obama was in office. Righties refuse to give Obama any credit for any of that, but now have the absurd and hypocritical nerve to somehow try to give credit to Trump for doing basically nothing for 1 out of 7+ years of recovery.

Bull market in stocks is 103 months old. Trump owns 11 of them - Oct. 11, 2017

https://www.forbes.com/sites/johndor.../#6e7a3d336644

Left AND right sources (CNN and Forbes) agree that this type of boot-licking and fact warping is absurd. Either Obama is one of the greatest president we ever had (based on stock market performance) and Trump is "pretty good, too." Or, the recovery under Obama "never happened" - which is a right-wing lie - and Trump can't be credited for it, either... because it never happened.

This laughably partisan and fact-free picking and choosing of reality is exactly why the far-right has lost all credibility.
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Old 01-04-2018, 07:56 AM
 
78,875 posts, read 33,547,251 times
Reputation: 15804
The stock market is not the economy.
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Old 01-04-2018, 07:57 AM
 
78,875 posts, read 33,547,251 times
Reputation: 15804
Quote:
Originally Posted by Rambler123 View Post
This laughably partisan and fact-free picking and choosing of reality is exactly why the far-right has lost all credibility.
The "left" did make this same argument about Obama.
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Old 01-04-2018, 07:58 AM
 
7,703 posts, read 4,562,015 times
Reputation: 8417
Where are you this enthusiastic when the market was soaring under Obama, or was that fake news?
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Old 01-04-2018, 07:58 AM
 
Location: East Coast of the United States
17,237 posts, read 19,536,382 times
Reputation: 12991
Quote:
Originally Posted by pknopp View Post
The stock market is not the economy.
There is a correlation, however.
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Old 01-04-2018, 07:58 AM
 
Location: Los Angeles (Native)
25,274 posts, read 15,364,655 times
Reputation: 12118
Can you imagine if Hillary was in charge or worse the communist ?
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Old 01-04-2018, 07:59 AM
 
Location: USA
7,478 posts, read 5,788,208 times
Reputation: 12322
Quote:
Originally Posted by pknopp View Post
The "left" did make this same argument about Obama.
Except the recovery started under Obama, so while it is not accurate to give credit to the economy to ANY president, it is factually correct to say "the stock market started doing really well again under Obama and rose to new highs."

On the other hand, it is factually INCORRECT to pretend that Trump started at a terrible low in the market - unlike Obama - and somehow drove the market to new highs. The reality is that under Obama, the market recovered from a huge crash to new highs, while Trump is just riding along on Obama's coattails.
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Old 01-04-2018, 08:00 AM
 
Location: USA
7,478 posts, read 5,788,208 times
Reputation: 12322
Quote:
Originally Posted by jm1982 View Post
Can you imagine if Hillary was in charge or worse the communist ?
The market would be about exactly the same as it is today, unless you seriously think Trump has done anything of value? He hasn't. Even his pay-day loan style tax scam, while good for fluffing the market, will have long-term negative effects.

Ah, the far right. They'd rather have a raging lunatic like Trump in office than somebody sane who might be slightly left of center. Laughable.
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