And when Trump was elected it was @ 17k
That's dismal.
That's dismal.
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The DOW hasnt moved since January, that's almost half of your cult leaders time in office.
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Why date it back 6 months before Obama was elected? Oh yeah, because that way you can ignore the recession that the powers that be prior to Obama caused.
If oyu look at a chart of actual performance by president you will see that the performance under Obama was virtually identical to the performance under Trump.
But that would get in the way of your bullshit narrative, wouldn't it?
from: https://www.macrotrends.net/2481/sto...e-by-president
And your math sucks btw. The market closed at 26k this afternoon. From 17k to 26k is not an 80% increase, it is a touch above a 50% increase.
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Yup and GW set the fix in motion.Why date it back 6 months before Obama was elected? Oh yeah, because that way you can ignore the recession that the powers that be prior to Obama caused.
If oyu look at a chart of actual performance by president you will see that the performance under Obama was virtually identical to the performance under Trump.
But that would get in the way of your bullshit narrative, wouldn't it?
from: https://www.macrotrends.net/2481/sto...e-by-president
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Tell me what policies of Obama's had to do with that recovery. All that QE was GW's.Comment
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WTF? change the subject here, why don't you. Your claim is that the market performed dismally under Obama and wonderfully under Trump. That is bullshit and I proved it, you could at least man up and say "yeah, I was wrong."
Who is responsible is a different discussion. Using your logic we could say that Trump is getting credit for the rise that Obama caused as the Dow Jones has been on virtually a continual rise since it hit bottom in March 2009. You going to give GW all the credit for what was essentially 7 years of continuing growth? Obama doesn't get credit for anything good that happened in his administration?
From: https://www.macrotrends.net/1358/dow...-last-10-years
This type of conversation is why I rarely post in these threads any more. You are not interested in an intelligent conversation based on facts. If you are proven wrong, you don't admit you are wrong, you just try to change the subject or repeat your bullshit at a higher volume. The same as your hero Pumpkinhead.
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https://www.thebalance.com/2009-fina...ilouts-3305539
2009 - February 13
Congress approved the $787 economic stimulus package initiated by President Barack Obama.
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It contained many of the key points promoted by Obama in his campaign platform. Obama’s American Recovery and Reinvestment Act of 2009 was the fiscal stimulus that ended the Great Recession.
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Presidents generally do not have a direct impact on the economy, for better or worse.
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No, it was not GW's plan. Under GW a 700 billion bailout was passed in October 2008. John McCain ran on a platform that included a plan very similar to what the Government was doing. Obama ran on a platform that included a quite different plan that was put into action in February 2009.
https://www.thebalance.com/2008-fina...meline-3305540
https://money.cnn.com/2009/01/06/new...mulus_fits_in/October 3, 2008: Congress Passes $700 Billion Bailout Bill
The bank bailout bill was supposed to be a reverse auction. It would give troubled banks the right to submit a bid price to sell their assets to the Troubled Asset Relief Program. But, this would have taken too long to implement. Instead, the Treasury bought shares of troubled banks to inject capital into the frozen financial system.
https://www.thebalance.com/how-do-ob...licies-3305622Obama's estimated $775 billion plan could serve as the next step in the recovery efforts. While most of the Fed's programs have been aimed at boosting lending, Obama's economic stimulus plan is aimed primarily at job creation and consumer spending.
.Bush left it up to the Federal Reserve to address the 2007 banking crisis with monetary policy. After Lehman Brothers collapsed in 2008, he agreed to Treasury Secretary Hank Paulson's TARP bailout.
Obama passed the $787 billion Economic Stimulus Act. This act created jobs in education and infrastructure, ending the recession in the third quarter 2009. Obama used the TARP funds to subsidize homeowners stuck with upside-down mortgages.All cookies cleared!Comment
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WTF? The economy continued to collapse throughout 2007 and 2008 while Bush tried to save it. His policies did NOT work, plain and simple.
Obama's plan was different. It did not have the emphasis on what the Federal Reserve did and instead put the focus onto the consumer. It paid off.
Don't put words in my mouth (or post as the case may be) please.So I guess you're also in the camp that Trump has nothing to do with the economy.
I have said nothing of the sort. I am not sure at this point how much credit to give Trump. It is always easier to see the reality of what occurred in hind sight.
I do not like Trump's economic policies but so far they have not seemed to cause the harm that was predicted by some. He gets credit that the Dow Jones has continued to rise under his adminsitration. Whether it will continue to or not, we will only be able to tell after the fact.
I hope the economy does great and will give him credit whenever I see it is due.
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It will crash in 2019
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