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I am soooo sorry you don't like reading about Trump's failed promises, and that the boom he predicted has come to naught. Now, go out and get yourself a scoop of ice cream, maybe it'll make you feel better.
Apparently you haven't been following the stock market or how well 401Ks are doing.
In 2004 the FAA began the process around letting plane manufacturers self-certify planes
In 2004 George W Bush was POTUS
Boeing is part of the DOW
The DOW is a price weighted index, meaning larger share prices have larger impact on the Index
A 5% drop in the price of Boeing stock can equate to a 150 point drop in the DJIA
Explain how this is Trumps fault, or if Hillary was POTUS how it would be her fault. Or if Biden won in 2020 and this didn't happen until then, how would this be his fault?
Boeing was added to the Dow all the way back in 1987. So whatever effects it's had on the Dow, happened under both Obama and Trump.
So the FAA allows them to self certify, under Bush. The 737 turns into a disaster now and the stock lost 25% since then. It was a Bush administration timeline where the decisions were made.
Boeing stock losing 25% means that the Dow drops 100s of points, due to a decision that Trump had nothing to do with.
How do you not follow that logic? It's obvious that the current markets are driven by political decisions made years if not decades before they were in office. All of the nonsense about saying any POTUS controls the markets during their administration is mostly just BS that ignorant partisans eat up.
In 2004 the FAA began the process around letting plane manufacturers self-certify planes
In 2004 George W Bush was POTUS
Boeing is part of the DOW
The DOW is a price weighted index, meaning larger share prices have larger impact on the Index
A 5% drop in the price of Boeing stock can equate to a 150 point drop in the DJIA
Explain how this is Trumps fault, or if Hillary was POTUS how it would be her fault. Or if Biden won in 2020 and this didn't happen until then, how would this be his fault?
Trump is taking personal credit for the stock market run up, he has stated that repeatedly because he claims he has reduced some regulations. By the same token how does he take credit for the performance of Home Depot, Merck and United Health.
Trump is taking personal credit for the stock market run up, he has stated that repeatedly because he claims he has reduced some regulations. By the same token how does he take credit for the performance of Home Depot, Merck and United Health.
^
Precisely. If Trump (or any of his fans) want to take credit for the stock market rising under him, they need to also accept blame for the stock market falling under him.
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Now, go out and get yourself a scoop of ice cream, maybe it'll make you feel better.
