S&P 500 Has Performed Far Worse Under Trump Than Under Obama
 

DUPED AGAIN


So much for having the “best” stock market returns.

During his first two years in office, Donald Trump regularly pointed to the stock market as proof of his leadership’s effectiveness. Experts may have shaken their heads, saying that stock values aren’t an accurate measure of the country’s economic performance. But they are popular with voters, who check their 401(k) investments, and, thus, with politicians. Particularly since “presidents can have a major impact on the financial markets in the short run,” said David Kass, professor of finance at the University of Maryland.

And getting short-term response in stocks is much easier than long-term fundamental economic gains that can take years to bear fruit. If there’s an election coming up, juicing the markets is something both major parties like to do.

When it comes to talking himself up, Trump in particular has compared himself to Barack Obama. So, how do the two presidents measure up in terms of growth in major indexes, measured between their inauguration and May 31 of their third year in office?

The short answer is that Trump has quite a way to go. Under Obama, the S&P 500 grew by 56.4%. The Dow Jones Industrials Average was up 50.6% and the Nasdaq, 92.9%.

The numbers under Trump were 21.4% for the S&P 500, 25.2% for the Dow, and 34.2% for Nasdaq.



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Stock Market Did Far Better Under Obama Than Trump: S&P, Nasdaq, Dow Jones | Fortune

Man you guys are desperate.

How many times do I have to educate you fools on this? Seriously? How many?

1) They go off of June 3rd because the Dow was at 24,700 but 2 days later it was 26,000 so their 20% is way off. And they are obviously being deceptive (like you) since the article was written on the 5th.


2) We've had 8 rate hikes since Trump got elected (Obama had 2 - one in 2015 and one right before he left office in Dec of 2016). Each time it drags the market down by 300-500-800 multiple point down days. (and I've proven this already on multiple occasions when you hillbots post this).


3) We're in largest trade war in economic history right now. It crashes the market almost every week.


4) Obama presided over the WORST economic recession recovery ever. Look it up.
Pretty much every economist agrees. Obama Wins The Gold For Worst Economic Recovery Ever


And besides you can't name one thing Obama did besides follow the QE plan that GW set in motion.


Now Trump could have just renegotiated any shitty deal and the market would have exploded. And right about now we'd probably be sitting at or above 30k EASILY. But he's fighting China because he and everyone else knows that the next pres won't do shit just like 4 decades before havent.


Now shit the fuck up and let the man do his job.

:1orglaugh:1orglaugh

Sure buddy. I think I'll take the word of the GFY racist over Fortune magazine.

Dumbass.

Exactly, because you can't form a coherent thought or argument on your own without first reading what your handlers tell you to think.

Nope. Just verifies what I and others have been telling you for the past year. You always throw out every excuse in the book and what the DOW was before Trump was even President acting like he was responsible. It's a complete waste of time with you, my kid had more sense at 3 than you do now.

Republicans are blind to the truth, and even more so when it comes to the economy. When Obama was in office they kept telling us how bad the economy was... and it was - at first. Obama didn't cause the recession; He was the solution to the recession. Unemployment was over 10%; People were losing their jobs, their houses, their investments, everything. This happened after eight years of a Republican White House. Under Obama our economy improved. Unemployment was cut in half under Obama.

During the election the Republicans kept hammering how bad the economy was when it was great - we were dropping down to 4% unemployment. Suddenly two months after Trump being in office the economy was "great" as if something big had happened. Nothing changed.

Trump has removed all of the protections put in place after the recession, and has done nothing to help our economy at all. He has started trade wars for no reason. We all see the signs of a recession coming. This is going to turn to shit.