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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.
Quote:
Originally Posted by Rambler123
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.
Quote:
Originally Posted by vacoder
I'm sure the OP will be back to tell us all why Trump is not responsible when the market goes down. Probably blame it on Obama.
Why not blame him too? I mean earlier in the thread people were trying to give him credit...so if he got credit, why not get blame too? This just all goes to show the assinine nature of trying to assign ownership to market conditions to any one president.
Why not blame him too? I mean earlier in the thread people were trying to give him credit...so if he got credit, why not get blame too? This just all goes to show the assinine nature of trying to assign ownership to market conditions to any one president.
Be careful. You just called the OP a bad name. He may report you.
Be careful. You just called the OP a bad name. He may report you.
Nope, that wasn't directed at any one poster here. Its directed at the general masses of people who think that economic results are directly tied to one POTUS.
The Trump dump was the largest 1 day pointe drop ever. 1175.
More to come for correction territory. Minimum 2600 points since the high to hit a 10% correction. I think it will go 20% or 5200 total down. I hope I am very wrong.
The Trump dump was the largest 1 day pointe drop ever. 1175.
More to come for correction territory. Minimum 2600 points since the high to hit a 10% correction. I think it will go 20% or 5200 total down. I hope I am very wrong.
Depends on how fast inflation rises.
Meh- I've been wondering if we'd see a 5,000 point correction.
Granted not all at once, lol.
A bull run of this magnitude was very weird. But hey I guess Trump gets that credit. He's the king of weird.
Why not blame him too? I mean earlier in the thread people were trying to give him credit...so if he got credit, why not get blame too? This just all goes to show the assinine nature of trying to assign ownership to market conditions to any one president.
Tell that to Trump, who has been crowing about how he personally made the Market rise for months. Then quote us what Obama had to say about it. Hint: I doubt you'll find much.
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