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Wrong. DJ was moving at the margins pre Trump. We were less than 40% above the W highest DJ on 01-20-2017.
DJ hit 13k at peak under W.
DJ hit 17k at peak under BO, in 8 years. Economy was good in 2016, not booming. No much business investment of magnitude vs prior POTUS eras.
Now we went up 8k past highest BO point in one year.
MAGA
Was the stock market solidly gaining for seven years under Obama? Yes, it was.
Did you deny the value of it then? Yes, you did.
Do you look hypocritical now? Yes, you do.
That's all that is relevant here. I can cut up all kinds of stats that spin past Presidents (not just BO) as experiencing better market conditions than this one.
However, unlike most conservatives, I am intelligent enough to know that crediting specific stock market performance to ANY President over just a year is absolutely stupid.
solid it was (Obama deserves a C+ for 40% in 8 yrs over prior POTUS high)
Now , in 2017, it BOOMED. Rose more in a year than any prior POTUS high. (Grade: A+)
A world of difference.
See last point I made. An intelligent person knows that no President deserves much credit for stock market performance over such a short period of time - and that goes for Obama as much as it goes for Trump. Any professional educated in economics and financial markets would tell you that. Of course, this forum filled with partisan hacks is not that intelligent.
Of course, back then you also downplayed BO's credit for market gains. You were right then, but you're hypocritical now. In fact, your own Fuhrer was downplaying markets before being President, said it was all a big bubble back in 2016. Another example of how you revere a hypocrite.
Wrong. DJ was moving at the margins pre Trump. We were less than 40% above the W highest DJ on 01-20-2017.
DJ hit 13k at peak under W.
DJ hit 17k at peak under BO, in 8 years. Economy was good in 2016, not booming. No much business investment of magnitude vs prior POTUS eras.
Now we went up 8k past highest BO point in one year.
MAGA
Why are you comparing to the high point of Bush's Presidency and not where it was when Obama took over??
At this point in Obama's Presidency the Dow rose 28.23%, at this point in Trump's Presidency the Dow is up 27.72%
That isn't true. The market wasn't bad but it was far from booming. It's not even booming now.
Quote:
in which records were being set before he took office. Obama took over during a crashing market. Yet despite that at the same point during their Presidency the market was up more under Obama than Trump (albeit slightly)
Apples and oranges market.
For markets to be comparable they have to have comparable economic situations. Of course they can have different economic situations and be compared but that is not comparable markets. Throw in some theory and opinion and people can make any claim they want to make and find some statistic to support it when comparing different markets.
Obama and Trump are not comparable but they can be compared. Obama created a negative business climate. Trump created a positive business climate. That is the opinion stated by most all investors who put their money in the market. Obama drove the economy with his foot on the brake. Trump pushed the accelerator down. Nether one has exceeded the speed limit yet. Obama being out of office is parked on the shoulder of the road now. He's done, his race is over. He's even more worthless now than when he was in office.
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.
This laughably partisan and fact-free picking and choosing of reality is exactly why the far-right has lost all credibility.
Both parties tend to pick something up the new has said and they run with it until it's nothing but laughable and borders on just stupid. No, it's not funny if anything it's scary!!
because any POTUS would see a rebound to a prior over-reaction
Over reaction? Hardly. The declines of 2008 were well deserved for economy built on quick sand. The market was built on the belief in assets that turned out to have little or no value. Frankly the same could be said for today's market. Only time will tell. If substantial earnings growth does not occur, which so far it hasn't, then is likely the market will stall or decline.
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