Sorry Trump, But It's Obama's Economic Boom, Not Yours

[Joe Capitalist]

Look at the Dow’s performance between Inauguration Day and Jan. 5 of a president’s second calendar year in office..

Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 -- an increase of 26 percent. That’s impressive.

But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.

In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession. That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.

It’s also worth noting that Trump is extremely lucky to preside over President Obama's bull market.

Screen Shot 2019-07-10 at 11.25.12 AM.jpg

[CFM]

Look at the Dow’s performance between Inauguration Day and Jan. 5 of a president’s second calendar year in office..

Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 -- an increase of 26 percent. That’s impressive.

But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.

In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession. That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.

It’s also worth noting that Trump is extremely lucky to preside over President Obama's bull market.

Screen Shot 2019-07-10 at 11.25.12 AM.jpg

The sad part about what you say is that if there happens to be a slight drop in the market on a particular day, those of you that say the market is credited to Obama run from blaming him for the drop.

Hate to break it to you, boy, but if you take credit for programs claiming they cause the rise, the blame can't be placed on someone else when things drop.

[Joe Capitalist]

CFM
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Thanks for the post bump, loser.

[evince]

what kind of an economy did 8 years of republican rule leave this nation?

a world fucking wide fucking crash

thanks GWB


A REPUBLICAN


just like the REPUBLICANS who gave us the 1929 crash

republican economic ideas FUCK this nation every time they are tried

[Joe Capitalist]

what kind of an economy did 8 years of republican rule leave this nation?

a world fucking wide fucking crash

thanks GWB


A REPUBLICAN


just like the REPUBLICANS who gave us the 1929 crash

republican economic ideas FUCK this nation every time they are tried

While I'm hardly a Dem supporter, it's a fact that the economy has done better with a Dem in the White House.

[CFM]

CFM
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Thanks for the post bump, loser.

Just more proof you're a verified coward.

[CFM]

what kind of an economy did 8 years of republican rule leave this nation?

a world fucking wide fucking crash

thanks GWB


A REPUBLICAN


just like the REPUBLICANS who gave us the 1929 crash

republican economic ideas FUCK this nation every time they are tried

Except that it was Democrat party policies that caused it.

[signalmankenneth]

Those asinine Trump/GOP tax cut for the rich, have nothing to do with this good economy?!!

There's no way to make Trump's job record look good — and economists think he's driving the economy into recession

Job growth has slowed under President Trump compared to the final months of President Obama’s second term, despite Trump’s frequent boasts that the current economy is the “greatest” in the history of the country.

During the first 29 full months that Trump has been in office, from February 2017 through June 2019, the economy created 5.61 million jobs, or about 194,000 per month, according to the Bureau of Labor Statistics.

During Obama’s last 29 full months, from September 2014 to January 2017, the economy added 6.42 million new jobs, or about 221,000 per month.

Altogether, job growth under Trump is about 810,000 jobs short of what it was under Obama during the final part of his presidency.

https://www.salon.com/2019/07/09/ano...=recirculation

Don't forget that national debt too?!!

[Superfreak]

what kind of an economy did 8 years of republican rule leave this nation?

a world fucking wide fucking crash

thanks GWB


A REPUBLICAN


just like the REPUBLICANS who gave us the 1929 crash

republican economic ideas FUCK this nation every time they are tried

Nope... Clinton crashed the market in 2000, he also is largely responsible for 2008 due to repealing Glass Steagal.

[Superfreak]

Look at the Dow’s performance between Inauguration Day and Jan. 5 of a president’s second calendar year in office..

Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 -- an increase of 26 percent. That’s impressive.

But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.

In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession. That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.

It’s also worth noting that Trump is extremely lucky to preside over President Obama's bull market.

Screen Shot 2019-07-10 at 11.25.12 AM.jpg

The market and economy were weakening during Obama's final years. As he stopped pumping artificial stimulus via QE programs into the economy, the house of cards began to fall... despite Obama running up $10T in debt. $10T in debt will certainly help prop up a pretend economic expansion.

[Joe Capitalist]

The market and economy were weakening during Obama's final years. As he stopped pumping artificial stimulus via QE programs into the economy, the house of cards began to fall... despite Obama running up $10T in debt. $10T in debt will certainly help prop up a pretend economic expansion.

Really? Where did you get your degree in Economics? Trump University? Trump added over $2 Trillion to the Federal Debt in less than two years? Put that in your meth pipe and smoke it.

[PostmodernProphet]

Look at the unemployment rate and deficit spending between Inauguration Day and Jan. 5 of a president’s second calendar year in office..

I know, right?......it was Obama's economy for sure.....

[PostmodernProphet]

Really? Where did you get your degree in Economics? Trump University? Trump added over $2 Trillion to the Federal Debt in less than two years? Put that in your meth pipe and smoke it.

you do realize that's better than Obama, right?.....

[Superfreak]

Really? Where did you get your degree in Economics? Trump University? Trump added over $2 Trillion to the Federal Debt in less than two years? Put that in your meth pipe and smoke it.

You do realize the above did nothing to refute my comment?

[Joe Capitalist]

You do realize the above did nothing to refute my comment?

That's because you offered zero proof. Why refute something that you made up in order to help you sleep at night?