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Did the OP and the other Trumplings in this thread notice how many times the stock market hit new highs while Obama was in office? No, of course they didn't.
Did you read the opinions in post #3?
The stock market were hitting all time highs during the Obama term, but the economy as a whole was lagging.
My OP was about anyone noticing amidst all of the noise from last week.
I only mentioned Obama when someone made a comment about him.
Sorry, no one buys it. You're only responded to posts mentioning Clinton and Obama.
If your point was as claimed, you would have criticized the premise of the thread, rather than attacking anyone who actually posted accurate stock data.
Anyone who knows how to read buys it because here is my first post in this thread, so try again.
Quote:
Originally Posted by t206
100% absolutely false, but nice try. Just over 50% of the population holds stock and benefits from the market going up. Although I will say that Trump has little to nothing to do with the market going up, nor did Obama, Bush, Clinton, or any other previous president, its all a lie that they tell you to try and get votes.
Your 401k performed much better under Obama than under Trump, and better still under B. Clinton.
And your 401k will perform much better once Trump is out.
In any case, the stock market is irrelevant when we have a criminal in cahoots with Russia in the White House. He's done.
The DOW hit 16,799 in SE 2007. It took until the end of 2013 just to get back to that previous high. That is a 6 years of zero growth in the DOW, under both Bush and Obama. The market was at ~18,950 in October 2016, prior to the election. From the peak in 2007 until Trump was elected the net gain in the DOW was dismal, ~2200 points-in 9 years. The slowest economic recovery from a recession on record. From then until now, the DOW has increased nearly 7000 points. 7000 points since Trump's election-vs 2200 in 9 years! Obama was a disaster for those with 401k investments that hoped to retire and live off of them.
U.S. worker productivity increased at its fastest pace in more than three years in the second quarter, depressing labor costs, but the trend in productivity growth remained moderate.
The Labor Department said on Wednesday nonfarm productivity, which measures hourly output per worker, rose at a 2.9 percent annualized rate in the April-June quarter. That was the strongest rate since the first quarter of 2015.
But notice that's in three years. Guess who was president three years ago?
Have you ever noticed that when the stock market goes up nothing changes, but when the stock market goes down you lose your job?
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