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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.
And if you don't believe the POTUS controls the stock market, tell that to the Trump fans here.
Quote:
Originally Posted by finalmove
Apparently you haven't been following the stock market or how well 401Ks are doing.
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.
I agree, but the Boeing example is the most direct and specific correlation I can think of at the moment to display how decisions made by one administration impact the next one ore administrations, so assigning credit or blame is just ridiculous. Its not just about Trump, its all of them.
And if you don't believe the POTUS controls the stock market, tell that to the Trump fans here.
If I replied to specific posts about this every day it would be a full time job, doesn't mean that I don't believe the POTUS has less impact on the market than people think. Its naive to believe it when either side tells you otherwise in any direction.
What is it people don't understand about "The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes"
OR, the very simple math......the INCREASE in Deficit plus the lower costs for fake interest rates...together, cost (or GIVE) the economy about a TRILLION dollars per year.
And so....if we had ZERO GROWTH, and yet goosed the economy with that trillion in deficit and losses (to investors in bonds and people with CD"s and savings, etc.), we'd have GDP growth of 5% per year.
But we don't. So not only is the growth bad, it's worse than bad. We're not even treading water when debt and everything she is figured in.
I'm not even starting with the 5 TRILLION that should have been made in stocks (at the usual stock market returns) in the time since Trump signed his major legislation and started tariffs.
At least have a speck of honesty. This is a downturn. Big time, actually, but many don't miss what they never see anyway.
Claims need to be based on facts. If Boeing went out of business that would not even be a nick in the US Economy as a whole. That's 200 billion in market cap.....like the amount Apple went down when Trump put in tariffs last year.
^
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.
Or, more accurately, they must take credit for what happened after he actually passed legislation - like the tax cut which went into effect almost two years back or the tariffs which were threatened and started at about the same time.
One cannot take credit for stuff that "just happens" by itself. If we had a string of sunny days mid-winter after The Don was sworn in....he has nothing to do with that.
They believe everything he says. He's their Chosen one. History is full of bad leader that the population was mesmerized by. All ended badly.
I think many people actually know better. Some people fo along with Trump because he satisfies their need for a "leader" who will stick it to those they don't like.
Oh, we are still playing that game. One day people will wake up, actually they probably wont.
and what? They will understand that Trump lowering interest rates and doubling the Deficit and making goods more expensive and cutting manufacturing growth is "good"?
What is it people don't understand about "The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes"
OR, the very simple math......the INCREASE in Deficit plus the lower costs for fake interest rates...together, cost (or GIVE) the economy about a TRILLION dollars per year.
And so....if we had ZERO GROWTH, and yet goosed the economy with that trillion in deficit and losses (to investors in bonds and people with CD"s and savings, etc.), we'd have GDP growth of 5% per year.
But we don't. So not only is the growth bad, it's worse than bad. We're not even treading water when debt and everything she is figured in.
I'm not even starting with the 5 TRILLION that should have been made in stocks (at the usual stock market returns) in the time since Trump signed his major legislation and started tariffs.
At least have a speck of honesty. This is a downturn. Big time, actually, but many don't miss what they never see anyway.
Claims need to be based on facts. If Boeing went out of business that would not even be a nick in the US Economy as a whole. That's 200 billion in market cap.....like the amount Apple went down when Trump put in tariffs last year.
I'm not taking about "the economy" in relation to Boeing. I'm talking about its impact on the DOW. As a stock it has the largest single impact on the DJIA, and its down 25% since the 737 fiasco. Those are facts.
and what? They will understand that Trump lowering interest rates and doubling the Deficit and making goods more expensive and cutting manufacturing growth is "good"?
Be specific.
My comment was in regards to the market, yours is about the economy. I've given the Boeing example as it relates to the market.
I'm not taking about "the economy" in relation to Boeing. I'm talking about its impact on the DOW. As a stock it has the largest single impact on the DJIA, and its down 25% since the 737 fiasco. Those are facts.
How about impact on the S&P or even the broader markets?
S&P has 500 stocks in it and was 2750 at start of 2018 and is 3000 today. Off the cuff that seems like about the same exact fail as the Dow or broader markets.
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