Stock market to date: +23.2% Trump, +41.1% Obama (employment, how much, election, elect)
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Obama started with a market that had lost much of it's value, and was getting massive amounts of QE to prop it up.
This thread is right up there with the ridiculous thread about the NRA/Russia funding Trump.
The desperation of the dems is reaching an all time high.
Pretty much this. This a pointless thread.
Instead of making threads about obama and Trump, they should talk about what they will do that is different from republicans. If people were happy with obama's policy, they would have voted for Hillary and not Trump. A continuation of obama policy won't get them anywhere. Democrats speak of unity, but you won't get it by not seriously tackling immigration such as chain migration, H1b, or illegal immigration. Nor have Democrats address healthcare, infrastructure, and other serious problems.
From an American point of view, this bickering wont' get the Republicans or Democrats anywhere. What will happen is the republicans will get in power and undo what the Democrats have done. Then the Democrats will do the same when they gain sufficient power. The cycle will repeat it self with no meaningful progress.
Last edited by NekoLogic; 01-19-2018 at 04:22 PM..
Wall Street benefited from Obama and the complicit Federal Reserve using QE, and zero interest rates. That means there is no Time Value of Money, and the underpinnings of the economy stink. Main Street largely did not benefit, and neither did the American worker. So Trump has been in office one year, and Obama eight years. Compare the annual Rate of Return for each President. We already know Trump's. Do the math for Obama, discounted at a Safe Rate, or use even cost of capital. Your call.
Obama started with a market that had lost much of it's value, and was getting massive amounts of QE to prop it up.
This thread is right up there with the ridiculous thread about the NRA/Russia funding Trump.
The desperation of the dems is reaching an all time high.
So, this is the new conservative tactic? Deny that it means anything and make excuses? We've had conservatives on this forum bragging how much the stock market has risen under Trump. When someone like me points out that it actually rose more during the same time under Obama, all of a sudden it becomes meaningless. Talk about desperate.
The Dow is only 30 stocks. Market pros don't even pay that much attention to it anymore. The S&P 500 is ... 500 stocks, and thus is a much broader representation of the stock market. From your link:
Quote:
The broader S&P 500 jumped 23 percent during Trump's first year in office. But the index did better during the first year of three other presidents: Roosevelt, Barack Obama and Harry Truman.
The S&P 500 rose 96 percent in Roosevelt's first year. It gained 33.5 percent when Truman took office and 34 percent after Obama was sworn in.
Total spin. Go by points, not percentage. Obviously the percentage will be higher when you start with a lower number. This is just math.
That is completely ridiculous. If an index is at 1 million and rises just 1%, it looks good because it's a rise of 10,000 points. On the other hand, if you start with an index of 100 and it rises 10%, that's a rise of only 10 points even though the percentage rise is 10 times the other one.
Anyone tryingh to argue the economy is not soaring under Trump & his policy is absolutely insane. Plenty opf things to hate on Trump for, but the economy is quite obviously not one of them.
Anyone tryingh to argue the economy is not soaring under Trump & his policy is absolutely insane. Plenty opf things to hate on Trump for, but the economy is quite obviously not one of them.
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