does trump deserve credit for one thing, the stock market up 18% his first 11 months?

C

Craig234

Verified User
trump says that's the biggest for any president. Of course, it's not.

Oh wait, it was up 38 percent Obama's first 11 months.

No credit for Obama because of the Great Recession?

It was up more than trump in Bush 41's first 18 months.

The Asian stock markets are up more than trump. Germany is up 12%. This is a global economic thing, not anything trump did. And look at the trend since 2009 - when you know who was elected:

http://i2.cdn.turner.com/money/dam/assets/171011134835-bull-market-sp-500-1011-780x439.jpg
 
Craig234 said:
trump says that's the biggest for any president. Of course, it's not.

Oh wait, it was up 38 percent Obama's first 11 months.

No credit for Obama because of the Great Recession?

It was up more than trump in Bush 41's first 18 months.

The Asian stock markets are up more than trump. Germany is up 12%. This is a global economic thing, not anything trump did. And look at the trend since 2009 - when you know who was elected:

http://i2.cdn.turner.com/money/dam/assets/171011134835-bull-market-sp-500-1011-780x439.jpg
Click to expand...


The economy did better under Obama
 
My 401K has done far better in the last year than it did in the prior eight. I see an early retirement in the near future!
 
Nordberg said:
Stock market chart, last 10 years. http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years Note the slope during Trump has not changed. He is taking credit, very loudly and often ,for a market he inherited. Besides, the market does not mean anything now. In the old days it was a predictor of future growth or shrinkage. Now it is about how much money stockholders can grab.
Click to expand...

Trump is the President. That is the measure by which the Obama supporters gave him credit. Why, suddenly, does that change?
 
He takes cred for something he has nothing to do w/ but won't hesitate to blame others when it goes down, that is the trash we got now..
 
Bill said:
He takes cred for something he has nothing to do w/ but won't hesitate to blame others when it goes down, that is the trash we got now..
Click to expand...

You mean like when unemployment went over 10% despite the Obama administration saying it wouldn't go over 8% then blaming it on Bush?

You mean when food stamp use went to 47 million and Obama supporters tried to say it was Bush's fault.

The typical Obama supporter mantra was "he hasn't been in office long enough to get blamed". Funny how when something happened to go well, they were quick to give him credit despite the time span being exactly the same.
 
Nordberg said:
Stock market chart, last 10 years. http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years Note the slope during Trump has not changed. He is taking credit, very loudly and often ,for a market he inherited. Besides, the market does not mean anything now. In the old days it was a predictor of future growth or shrinkage. Now it is about how much money stockholders can grab.
Click to expand...

That's right. And remember, nearly all the stock market is owned by the wealthiest people. The 1% own nearly half, and the top 20% own 95%. So most Americans get basically no benefit from the stock market. Now let's look at wages... flat.

http://www2.ucsc.edu/whorulesamerica/power/images/wealth/Net_worth_and_financial_wealth.png
 
Craig234 said:
That's right. And remember, nearly all the stock market is owned by the wealthiest people. The 1% own nearly half, and the top 20% own 95%. So most Americans get basically no benefit from the stock market. Now let's look at wages... flat.

http://www2.ucsc.edu/whorulesamerica/power/images/wealth/Net_worth_and_financial_wealth.png
Click to expand...

Why do you lefties continue to mention the stock market related to Obama. Why did your outlook suddenly change on January 20, 2017?
 
We're in a Fed driven stock market bubble but it is funny to see people such as Krugman say the market was going to crash right after the election yet here we are...
 
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