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I would agree, we just saw the stock market rise while the economy was stagnant during the Obama years.
I made as much - actually more - during the last 5 year period than I did during the last year - or year to date, etc.
So Trump is a downer at best. Or even-steven. Give him time - he'll ruin more things with his trade "deals".
Inflation is already underway - T-bills at new highs. For those who know, that means when the market goes up we don't make as much (the difference between inflation and return is the net)....
We are lucky that CA and Boston and NYC are pumping the engine of growth and innovation....because without them we'd be in sad shape. The numbers are startling - 4 states in this country represent 80% of venture capital investment. A few states (5 or less) represent an unbelievable amount of high paying jobs...not only in those states, but nationally and internationally.
Some wildcatter in TX or OK might be happy with higher oil prices and may support 60 jobs, but we have companies supporting MILLIONS of jobs.
The market was booming when the economy sucked because of the socialists programs designed to prop it up.
Yep. All the free money from the Fed went right into the market, not into the pockets of Americans. If you came out of the recession with big stock holdings, it was a windfall. If you were broke, not so much.
Not according to your original post..... maybe you had to backpedal after starting a thread based on this:
....whoops.
Two statements and two sentences and two separate ideas and both were true but not connected to support each other or idea they were the same. The hook that produced the discussion. Many are quick to react emotionally to what appears on the surface. What's on the surface is often different than what's discovered by going a little deeper.
Looks like its still getting the emotional reaction.
Look at post #4 and #12.
No point in plowing old ground. Anything that is producing taxable income is part of the economy, not the economy.
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.
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.
Dow was flat as a pancake from 2014 until Trump won the election.
Now it's soaring!
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