Dow last year under Obama vs First year under Trump. Trump

[bobgeese]

From Nov 13 to Nov 4th (as close as I could get the chart to Election Day, of Obamas last year.

+ 643 points.


From Nov 4th until today.

+ 4983 points

Almost 5 fucking THOUSAND points. Almost 10x the gains as under Obama.

"But but but, it's the obama economy"

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaaaaaaa.

 

[TapoutforSprawl]

I absolutely guarantee you when the market crashes again you'll place all the blame on Obama.

 

[Big Nasty Edison]

 

[MeatheadMike]

What does the current stock market have to do with Trump? Did Trump pass a budget or any kind of economic legislation yet?

 

[zebby23]

OP has no idea how the stock market works, has no money invested in the stock market and started a thread laughing like a hyena. The dumbing down of America continues...

And so far hasn't even responded to posters in his own thread.

3,2,1, DUMP

 

[HockeyBjj]

Trump's budget and policies haven't been in place long enough for an impact. All you can say is the economy was in an upswing from what Obama left, and possibly the upswing is a little steaper now with investors assuming Trump will do good things for big businesses

Really you don't know how a president is doing on the economy until at least their second year, good or bad

Taking this as an opportunity to praise Trump and bash Obama makes you look very simplistic and simply playing team politics with no critical thinking whatsoever

 

[HereticBD]

 

[bobgeese]

OP has no idea how the stock market works, has no money invested in the stock market and started a thread laughing like a hyena. The dumbing down of America continues...

And so far hasn't even responded to posters in his own thread.

3,2,1, DUMP

Actually I did pretty well when the market crashed (for a non wealthy person). I waiting for a correction because shit is too rich for my blood atnthe moment.

 

[bobgeese]

Zoom out a couple years. You'll see he basically added 2k from where it was pre crash.


He did an ok job on the economy, but there pretty much had to be improvement from 6k where he took over.

 

[bobgeese]

What does the current stock market have to do with Trump? Did Trump pass a budget or any kind of economic legislation yet?

86 billion in regulations relief

Buisiness friendly administration

Pending Tax cuts.


Confidence is really all it takes.

 

[bobgeese]

Trump's budget and policies haven't been in place long enough for an impact. All you can say is the economy was in an upswing from what Obama left, and possibly the upswing is a little steaper now with investors assuming Trump will do good things for big businesses

Really you don't know how a president is doing on the economy until at least their second year, good or bad

Taking this as an opportunity to praise Trump and bash Obama makes you look very simplistic and simply playing team politics with no critical thinking whatsoever

A "little steeper"?


You realize this is the biggest surge in the history of the Dow?

 

[RockstarChris]

why can't liberals just say "wow, it looks like Trump did a good job in raising the markets."

instead they sit in their parents basements wishing for the stock market to collapse so that they can say "we told you Trump sucks!"

 

[zebby23]

why can't liberals just say "wow, it looks like Trump did a good job in raising the markets."

instead they sit in their parents basements wishing for the stock market to collapse so that they can say "we told you Trump sucks!"

Wrong. We are of course happy the stock market is doing great but to act like Trump did something miraculous to make it happen is just silly.

Part of the reason is that the GOP control all branches of government which Wall Street likes. Trump is trying to get tax reform done which, again is something Wall Street likes. So yes, some of it can be attributed it to Trump but for some reason the right can't give Obama his due credit, after all he handed Trump a very strong economy

 

[MeatheadMike]

86 billion in regulations relief

This is a bullshit talking point, he didn't magically generate $86 billion in regulations relief, that number is hypothetical at best.

Buisiness friendly administration

Pending Tax cuts.


Confidence is really all it takes.

So in other words nothing concrete actually done. If we put a potato sack in the white house, we could say potato sack has a Business friendly administration too.

 

[bobgeese]

Wrong. We are of course happy the stock market is doing great but to act like Trump did something miraculous to make it happen is just silly.

Part of the reason is that the GOP control all branches of government which Wall Street likes. Trump is trying to get tax reform done which, again is something Wall Street likes. So yes, some of it can be attributed it to Trump but for some reason the right can't give Obama his due credit, after all he handed Trump a very strong economy

Obama did an ok job on the economy.


Furthermore, to be fair to him, his actions aren't even what he really wanted to do. He was served up a big old shit sandwich when he walked into office. He did what he had to do. That being said, he did put the brakes on the economy through over regulation, the fear of raising taxes, Obamacare, etc.



Now, when was the last time we had a 5k jump in the Dow in under a year?

 

[bobgeese]

This is bullshit, he didn't magically generate $86 billion in regulations relief, that number is hypothetical at best.



So in other words nothing concrete actually done. If we put a potato sack in the white house, we could say potato sack has a Business friendly administration too.

Well, apparently the market prefers a buisiness friendly potato sack, to Obamas over regulation and threat of high taxes.

 

[Satsui Ryu]

why can't liberals just say "wow, it looks like Trump did a good job in raising the markets."

instead they sit in their parents basements wishing for the stock market to collapse so that they can say "we told you Trump sucks!"

Probably because Trump himself said Obama's economy was a bubble about to burst and when the inevitable downturn occurs the right will go back to the old blame Obama.

 

[KantoTerror]

Obama is not responsible for the hike of Dow during his term...it's the people behind the scenes...there is a huge promise as Trump took office because of his business background(bankruptcy aside)...I wouldn't give him credit just yet either. Too early to tell if he's going to do much better.

 

[MeatheadMike]

Well, apparently the market prefers a buisiness friendly potato sack, to Obamas over regulation and threat of high taxes.

The economic policies and budget which were passed under Obama are currently still what is in place. If you put potato sack, paper weight, or inanimate carbon rod in the White house, the economic climate at this point would be the same, since they also would not have gotten a budget or economic legislation passed.

 

[bobgeese]

The economic policies and budget which were passed under Obama are currently still what is in place. If you put potato sack, paper weight, or inanimate carbon rod in the White house, the economic climate at this point would be the same, since they also would not have gotten a budget or economic legislation passed.

Except 86 billion in regulations relief, coupled with increased marked confidence in the president.


Again, I wouldn't expect a liberal to understand this. We don't need them to. The scoreboard says it all.