I appreciate you acknowledge it's a bubble but that takes away from your trying to give democrats/republicans credit/blame. Who caused the bubble? Did Obama or Trump do something?
I'll preface any comment on that with the statement that I'm not expert on the details of the bubbles and various factors, even if might seem so comparatively for here.
I'll say second that my point was that trump does deserve credit for the rise of the market. He has not done things, made choices, passed laws, that are the cause. That was my point, to his insane supporters.
Now you raise a difference topic about what presidents have done what to cause the market to rise.
Obama did do things that helped the economy recover after the crash, and that has helped the market rise, and the chart showing the steady rise since then the last 8 years shows the result.
Having said that, the fed continuing low interest money helps it also.
And our plutocratic policies that keep pushing money into the hands of the wealthiest, where stocks are mostly owned by them, and they like owning stocks, is a factor as well.
And finally another important factor is that again, our policies pushing money into the hands of corporations making them the wealthiest they've ever been, has resulted in a lot of stock buybacks that drive prices up.
Historically, a rising stock market has largely been a positive for the economy; in a time of plutocracy, it can show the problem of wealth amassing at the top. trump is almost as plutocratic a leader as you can get.
So my point is, is driving up the market a positive indicator about actions taken to increase the value of companies? For example, if a major new educational initiative was done that built long-term value in companies increasing their value, that would do it.
Or is an increase simply the result of taking money from the American people, increasing their poverty, and putting it into the hands of the wealthy who use it to drive up stock prices? That wouldn't seem to deserve 'credit'.
Another point - a lot of increases could be harmful. Imagine there's a company that is regulated to not allow it to pollute, and then trump removes the regulation and the company increases its profits billions by polluting the environment terribly - that would result in the stock price of the company going up, but it's hardly a good thing.
If worker protections are lowered, lowering company expenses for employees, that could make stock prices go up as well- again, hardly a good thing. Take away Americans' healthcare, give the money to companies - what we just did - hey, stock price boost. THAT part of the stock price increase I'll give to trump, but it just happened, and was a terrible action.
