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

So you were in a coma when Bush had the crash that economists said could become the second great depression? You missed Obama inheriting a housing and market crash? Did you miss the foreclosures and people getting thrown out of work? That is certainly not what Obama handed Trump, but that is what Trump will hand the next president. Rightys can do scary things with their "brains".
 
cawacko said:
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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With your usual accuracy, you did not mention that Krugman quickly retracted his comment. At least you got what you did say right.
 
Craig234 said:
With your usual accuracy, you did not mention that Krugman quickly retracted his comment. At least you got what you did say right.
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He took it off his twitter feed after it turned out he was wrong. I should praise him for that?
 
cawacko said:
He took it off his twitter feed after it turned out he was wrong. I should praise him for that?
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He didn't just 'take it off his twitter'.

He made the statement Nov 9 as trump won. On Nov 11, he said "There’s a temptation to predict immediate economic or foreign-policy collapse; I gave in to that temptation Tuesday night, but quickly realized that I was making the same mistake as the opponents of Brexit... So I am retracting that call, right now.

So your post was highly misleading, and your continued refusal to tell the truth is crossing over to dishonesty.
 
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.
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why are lib'ruls afraid to look at Obama's record compared to a longer period......oh, I remember, its because it looks like crap......
 
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..
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then you're talking about the trashy demmycrats and their claims about the idiot they put in office for eight years......
 
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.
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more Americans earning union pensions own stock than 1%ers, simply by definition of what "1%er" means.......maybe their stock is worth $50k instead of $50M, but if you're going to talk about "most Americans" don't be an idiot.......
 
Craig234 said:
Oh wait, it was up 38 percent Obama's first 11 months.
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That's not true. 25.3% is a more accurate calculation.

Interestingly enough, from January, 2017 to December, 2017 produce a 25.2% increase.

If Obama was as great as you claim he was, why didn't he cause it to group 125% in 11 months? Why did unemployment go 25% higher than what Obama said it would despite claims that a $787 billion stimulus would let it do that? Why were so many on food stamps despite claims that unemployment was significantly less?
 
Craig234 said:
He didn't just 'take it off his twitter'.

He made the statement Nov 9 as trump won. On Nov 11, he said "There’s a temptation to predict immediate economic or foreign-policy collapse; I gave in to that temptation Tuesday night, but quickly realized that I was making the same mistake as the opponents of Brexit... So I am retracting that call, right now.

So your post was highly misleading, and your continued refusal to tell the truth is crossing over to dishonesty.
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You need to watch it with calling others liars, maybe check yourself first homeboy.

I'm not on here crediting Trump. This is still a Fed driven rally. But people claiming Trump deserves no credit after saying the market would crash after his election are full of sh*t.
 
Nordberg said:
So you were in a coma when Bush had the crash that economists said could become the second great depression? You missed Obama inheriting a housing and market crash? Did you miss the foreclosures and people getting thrown out of work? That is certainly not what Obama handed Trump, but that is what Trump will hand the next president. Rightys can do scary things with their "brains".
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Who are you talking to? You groaned my post about the Fed. What do you have to say about them?
 
cawacko said:
You need to watch it with calling others liars, maybe check yourself first homeboy.
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I do both, and you are approaching lying by omission not being accurate by mentioning that the statement was retracted after two days, I didn't. Now you take some responsibility.

I'm not on here crediting Trump. This is still a Fed driven rally. But people claiming Trump deserves no credit after saying the market would crash after his election are full of sh*t.
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trump deserves no credit pretty much. That's a different than a brief wrong prediction of a crash. *I* thought it likely the market was at risk with his election, but I'm not sure if I posted that. It wasn't a definite prediction, though.
 
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
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Presidents and their policies really have very little to do with stock market success or failure.

Bush did NOTHING to cause the mortgage collapse which led to a subsequent collapse in the stock market. If he did, please identify the policies/laws he promoted that would have caused it.

To suggest that Obama had anything to do with the market increasing, or give him credit for it while the rest of America suffered suggest a stunning disconnect for leftist dimwits.

It would have been very hard for the market to do anything BUT go up during the Obama administration.
 
Craig234 said:
I do both, and you are approaching lying by omission not being accurate by mentioning that the statement was retracted after two days, I didn't. Now you take some responsibility.



trump deserves no credit pretty much. That's a different than a brief wrong prediction of a crash. *I* thought it likely the market was at risk with his election, but I'm not sure if I posted that. It wasn't a definite prediction, though.
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Who or what do you believe deserves credit for the markets performance today?
 
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