Quote:
Originally Posted by MrBaldBastard
BTW Obama 1st term...
https://en.wikipedia.org/wiki/First_...f_Barack_Obama
Tuesday, January 20, 2009
Dow = 7,949.09 at Days End.
Flip forward 765 days.. (Exact same time Trump has been in)
We look at Feb 18, 2011: Dow was 12,391.25
Obamas market went up.. 55.88% for the exact same time of..765 days
Despite being handed the worst American Government portfolio of any president.. Bush's mess. |
BUT - obama did not give the companies a tax cutt to buy their own shares back and create an unnatural demand.
AND
obama got a country in his hand that was in the biggest financial crisis since 100 years - trump got a healthy economy in his hands when he joined office.
so there is a HUGE difference between both and what you see in DOW now is not the reality. already 3 month after the tax cutt the effect was gone. US economy is not healthy anymore - all newer numbers are proving that.
US citizens can not borrow more as they already did to fire up a already healthy economy. now comes the time where they have to pay this loans back and this will hurt a lot because this money will be missed in the consumption.
i donīt really know what is so hard to understand on this logic for the trumpers.
the emperorīs new clothes did never exist.