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

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

    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/a...11-780x439.jpg

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    Quote Originally Posted by Craig234 View Post
    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/a...11-780x439.jpg

    The economy did better under Obama

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    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!

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    Quote Originally Posted by katzgar View Post
    The economy did better under Obama
    You mean when a record number were on food stamps it means the economy was better?

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    Quote Originally Posted by katzgar View Post
    The economy did better under Obama
    By what measure?

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    Quote Originally Posted by countryboy View Post
    By what measure?
    It's too early to compare a lot - trump's first year was the last Obama budget - but did you look at the chart I linked?

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    Quote Originally Posted by Craig234 View Post
    It's too early to compare a lot - trump's first year was the last Obama budget - but did you look at the chart I linked?
    I was asking katzgar a question.

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    Stock market chart, last 10 years. http://www.macrotrends.net/1358/dow-...-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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    Quote Originally Posted by Nordberg View Post
    Stock market chart, last 10 years. http://www.macrotrends.net/1358/dow-...-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.
    Trump is the President. That is the measure by which the Obama supporters gave him credit. Why, suddenly, does that change?

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    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..
    "There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."



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    Quote Originally Posted by countryboy View Post
    I was asking katzgar a question.
    And I posted one answer.

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    Quote Originally Posted by Bill View Post
    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..
    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.

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    Quote Originally Posted by Nordberg View Post
    Stock market chart, last 10 years. http://www.macrotrends.net/1358/dow-...-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.
    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...ial_wealth.png

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    Quote Originally Posted by Bill View Post
    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..
    Con man. When will more people understand that? Maybe never.

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    Quote Originally Posted by Craig234 View Post
    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...ial_wealth.png
    Why do you lefties continue to mention the stock market related to Obama. Why did your outlook suddenly change on January 20, 2017?

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