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So how come Trump suddenly gets so much credit for the stock market?
It's been doing what it was already doing for like the last seven years under Obama. It grew 2.5x under Obama, 12% a year, 2nd longest bull market in history! And as I recall from the conservatives back then, the answer was "it's all Fed funny money that is pumping it up; it's going to collapse; Obama gets no credit, etc .etc."
Now we have conservatives posting up things about how Trump gets so much credit for making us "$4 trillion richer through the stock market, blah blah...
Kind of like how when the unemployment rate under Obama was low, it was "oh, the real rate is much higher and the economy is a disaster." Now similar unemployment rates under Trump and they're all bragging about it.
So how come Trump suddenly gets so much credit for the stock market?\
The market crashed the first year that Obama was in office. Millions of people lost homes, businesses closed, 10s of millions middle class jobs disappeared.
Took many years for that to be made back up. The community agitator was way way out of his league.
That's the difference.
(and Obama borrowed a Trillion dollars from future tax payers and dumped it into economy too.)
The market crashed the first year that Obama was in office. Millions of people lost homes, businesses closed, 10s of millions middle class jobs disappeared.
Took many years for that to be made back up. The community agitator was way way out of his league.
That's the difference.
(and Obama borrowed a Trillion dollars from future tax payers and dumped it into economy too.)
The SP 500 index it a low for the Obama Presidency in March 2009. The market crash occurred in 2008 prior to Obama assuming office. Most of the jobs lost were prior to Obama assuming office.
So how come Trump suddenly gets so much credit for the stock market?
It's been doing what it was already doing for like the last seven years under Obama. It grew 2.5x under Obama, 12% a year, 2nd longest bull market in history! And as I recall from the conservatives back then, the answer was "it's all Fed funny money that is pumping it up; it's going to collapse; Obama gets no credit, etc .etc."
Now we have conservatives posting up things about how Trump gets so much credit for making us "$4 trillion richer through the stock market, blah blah...
Kind of like how when the unemployment rate under Obama was low, it was "oh, the real rate is much higher and the economy is a disaster." Now similar unemployment rates under Trump and they're all bragging about it.
So my real question here is: do conservatives have any personal integrity at all?
6.6 years the Republicans have controlled Congress, they and President Trump get most of the credit. Obama gets credit for writing down his name on Republican bills.
The SP 500 index it a low for the Obama Presidency in March 2009. The market crash occurred in 2008 prior to Obama assuming office. Most of the jobs lost were prior to Obama assuming office.
Your argument has no merit.
Obama was a sitting US Senator in 2008 who voted for every policy that led to the collapse.
Furthermore the massive layoffs didn't begin until 2009. Obama had all kinds of silly nonsense. Cash for clunkers, buyout of the TBTF banks, automobile bailouts instead of letting the normal bankruptcy laws handle it, etc, etc.
6.6 years the Republicans have controlled Congress, they and President Trump get most of the credit. Obama gets credit for writing down his name on Republican bills.
So then you admit that Trump gets no credit for these last 6 months of growth!!
Obama was a sitting US Senator in 2008 who voted for every policy that led to the collapse.
Furthermore the massive layoffs didn't begin until 2009. Obama had all kinds of silly nonsense. Cash for clunkers, buyout of the TBTF banks, automobile bailouts instead of letting the normal bankruptcy laws handle it, etc, etc.
It was a disaster by any measure.
GWB ran an TV add for how one ownership was up in his term something he took credit for. In fact at the RNNC he brought on stage a Mexican American single parent that could own a home under his admin. GWB took credit so he owns it.
So then you admit that Trump gets no credit for these last 6 months of growth!!
That's the opposite of what I said. The market exploded on Trump's election along with the election of a Republican controlled House & Senate. The market fell dramatically when President Obama was elected in 2008.
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