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Obama was better for your 401K than Trump has been. In fact, Democrats in general have been better for the stock market than Republicans have.
"President Trump knows a lot of voters don’t like him. But detractors should vote for him anyway, Trump says, for one crucial reason: To protect their savings.
“If for some reason I wouldn’t have won the [2016] election, these markets would have crashed. That’ll happen even more so in 2020,” Trump told the crowd recently at a rally in New Hampshire. “You have no choice but to vote for me because your 401(k), everything is going to be down the tubes. So whether you love me or hate me, you’ve got to vote for me.”
The allegation is clear: Democrats are bad for the stock market, so if a Democrat beats Trump in 2020, stocks will tank and every American with a portfolio will lose money. Like many Trumpisms, however, the claim does not survive a comparison with the facts.
Democrats, in reality, are good for the stock market. The S&P 500 has risen by about 28% since Trump’s inauguration in 2017. That’s okay. But it rose 34% during the same period of time in Barack Obama’s first term, and 41% during the same period of time in Obama’s second term. Here are the numbers going back to Richard Nixon’s first term:..."
There always are big numbers of people being laid off. Business models change, new companies take market share from existing companies but so far more new jobs are being created than the number being laid off.
How come no happy face emoji? Does the economic misfortunes of others make you hate president Trump more?
Layoffs in the steel industry are normal with the economic ups and downs... just like in the auto industry. I never see anyone posting steel workers working OT and making lots of money. That happens too.
... just sayin'
That's a weird comment about no happy face emoji. Not sure why you are putting words in my mouth or trying to attribute emotions onto me.
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Hilarious, just as the media goes on a recession frenzy retail earnings come in and smash expectations. Target CEO said consumer confidence is very strong. The recession headlines are now fading, just like you can’t find Trump Russia collusion or impeachment news anywhere. The three things libs desperately wanted, collusion, impeachment and recession, they will not get.
Hilarious, just as the media goes on a recession frenzy retail earnings come in and smash expectations. Target CEO said consumer confidence is very strong. The recession headlines are now fading, just like you can’t find Trump Russia collusion or impeachment news anywhere. The three things libs desperately wanted, collusion, impeachment and recession, they will not get.
So a stock market not even keeping up with inflation since Trump did his amazing "tax cut" is hilarious? I don't think so......
Facts are facts. The market is up 3-4% since this thread started - 20 months ago. Do the math. Next week it may be up 5% and the next up only 2%. Any way you look at it, there are TRILLIONS that have not been made that should have.
CC debt is at an all time high. Consumers buy things....and even durable goods are down for the year to date.
What some CEO says means squat. Target had lost vast amounts of money in many of the boom times when the market did vastly better. They are not an indication of...car sales, house sales and the like!
So a stock market not even keeping up with inflation since Trump did his amazing "tax cut" is hilarious? I don't think so......
Facts are facts. The market is up 3-4% since this thread started - 20 months ago. Do the math. Next week it may be up 5% and the next up only 2%. Any way you look at it, there are TRILLIONS that have not been made that should have.
CC debt is at an all time high. Consumers buy things....and even durable goods are down for the year to date.
What some CEO says means squat. Target had lost vast amounts of money in many of the boom times when the market did vastly better. They are not an indication of...car sales, house sales and the like!
The market is speculative. When Trump won the election, before he assumed the presidency let alone passed tax cuts, the market soared because they speculated those tax cuts would be passed. All that money was made in 2016.
Now the market is long in the tooth, and it needs a correction.
Are you acknowledging the economy isn't doing as the "best economy ever"
Best compared to every other nation in the world and the highest ever GDP in 2018.
Do we need to go through ALL the numbers for the umpteenth time? Listen if you think president Trump sucks and you hate him, what good is discussing data and economic numbers... right? You'll just say what a buffoon he is and believe your point was made.
or
We can point by point if you like, or we can agree Obama stabilized the economy had relatively anemic growth and president Trump is growing the economy. 8 year record vs 3 years... we need more time to evaluate.
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