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Remember when presidents were in no way responsible for new record highs in the stock market, according to the left? Trump and his supporters remember....
And they were right for once. Now, they're wrong again. Biden is an absolute disaster, and he had nothing to do with the rise in the Dow.
In all seriousness, more or less the first year’s economic performance of any new Presidency is not the genius of the new government: it’s the old regime running out. After that first year, it’s probably fair to say it’s more impacted by the new government.
I disliked a LOT about Trump but he and his team did get the vaccine out and they did preside over some astounding economic growth. Credit where it is due. Had he acted slightly differently about COVID he would likely have cruised to easy victory, but his nature is such that he couldn’t not politicize it and paid the price for doing so.
Dow closed above 35,000 today, the highest ever. Investor confidence is restoring under the competent leadership of President Biden and his administration. Have a fabulous weekend all.
Wow, that is a giant bubble.. The Fed's low interest rates are feeding it.
Remember when presidents were in no way responsible for new record highs in the stock market, according to the left? Trump and his supporters remember....
And its still pretty true. Just as I dont give Trump a lot of credit, I dont feel the need to do so for Biden either.
I'd like to see you go over to the Economics forum and post that one
Quote:
Originally Posted by andywire
Remember when presidents were in no way responsible for new record highs in the stock market, according to the left? Trump and his supporters remember....
Quote:
Originally Posted by YourWakeUpCall
Warning! Math ahead. Liberals beware. May cause head to explode.
What was inflation during Trump's reign? How did the stock market perform?
What is inflation now? How is the stock market performing?
Here's the hard part:
The difference between inflation and stock market performance is what is important to investors. Low inflation, high market returns = good and the best possible scenario. High inflation, low market returns are the worst scenario. Biden's economy is somewhere in between. Not the worst, but not as good as Trumps. All of this, of course, assumes a healthy stock market is the end all and be all of a good economy. It's not, of course, but I'm trying to keep it simple for the magic money tree crowd, more commonly known as Democrats.
You guys are taking things so literally.... I have to say something.
You guys don't get it, do you? This thread is not about Biden, Dow, or Trump. It's about... the idiotic right-wing fan boys who kept giving Trump credit for things he didn't do.
We know Biden isn't entirely responsible for the stock market. Just as we told you guys Trump wasn't responsible for that stock market. If someone made a thread about Biden's big hands, the point isn't about Biden's hands... it's poking fun at the worshipping of the cultists on their cult leader.
You guys have to understand the subtext - the title and the content of this thread is purposely made to mimic how a right-wing cultist would give ridiculous credit to Trump. This thread is making fun of.... right-wing fan boys. You know who you are.
what's funny is that all the Trumpers who gave him credit for the market going up with be along any minute to deny that Biden can take any credit for this.
If it's not hypocritical, it's not Republican.
See this:
Quote:
Originally Posted by BaptistFundie
Inflation. That's what happens when we print lots of money.
Too much money chasing too few goods.. and guess what, those illegals will get free food and push prices up higher .. yes,, they get food stamps and more.
Remember when presidents were in no way responsible for new record highs in the stock market, according to the left? Trump and his supporters remember....
From this comment, you can clearly see no understanding of basic economics and how the stock market works.
Dow closed above 35,000 today, the highest ever. Investor confidence is restoring under the competent leadership of President Biden and his administration. Have a fabulous weekend all.
Gas prices are skyrocketing, inflation is taking off, humanitarian crisis at the border, vaccine effort is faltering, institutional racism against white people is now a reality, reckless spending has put debit at levels which put the very existence of the country at risk.
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