Economic performance under every president since Truman.

Joe Capitalist

Racism is a disease
presidents-1.png


presidents-1-table.png


From these charts, we can clearly see that Clinton had the best Stock Market performance.
With a total return of 211.32% during his 8-year term.


The Top 5 Presidents in ranking order would be:

Bill Clinton – 211.32%
Barack Obama – 175.93%
Dwight D. Eisenhower – 134.19%
Ronald Reagan – 129.62%
Harry Truman – 54.72%


Well, what do you know. The top two are Democrats and the bottom three are Republicans.

iu
 
DEMOCRAT POLICIES CAUSED THE 2008 ECONOMELT, STARTING UNDER CLINTON W/THE CRA ETAL.


DEMCORAT POLICIES CAUSED THE 2020 CRASH AS WELL.
 
I mean, it's true, but fuck the stock market. It's a lousy gauge of economic performance for the masses.
 
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Grokmasterbater
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iu

AND YET HERE YOU ARE. :laugh:



CLINTON RESCINDED THE EOs BANNING INVESTMENT HOUSES FROM TRADING IN MORTGAGE BACKED SECURITES, ADN ADMINSTRATION MEMBERSD LEAVING AND GOING TO WORK IMMEDIATELTY INNTHE FIELDS THEY REGULATED.

FRANK AND DODD PUT US TAXPAYERS ON THE HOOK FR ALL THE FAIKLING SUBPRIME MORTGAGES CAUSED BY THE CRA, AND TRADED BY THE WORLD'S MAJOR BANKS.


THERE IS NO QUESTION WHOSE FAULT THE SHUTDOWNS ARE.
 
I mean, it's true, but fuck the stock market. It's a lousy gauge of economic performance for the masses.

Oh I disagree wholeheartedly.

Stock Market performance is based on Company Earnings. When Earnings go up, the Market goes up.
And when the Economy does well, Company Earnings go up.

And when the Market goes up, Americans make money. Simple.
 
Oh I disagree wholeheartedly.

Stock Market performance is based on Company Earnings. When Earnings go up, the Market goes up.
And when the Economy does well, Company Earnings go up.

And when the Market goes up, Americans make money. Simple.


"Earnings" go up when companies don't have to pay much for pesky wages (hence Apple is the most profitable company of all time).

A small minority of Americans make money on the stock market. Don't give me that retirement account bullshit, either. Even including that, roughly 10% of the population gets 90% of the stock market earnings.
 
I mean, it's true, but fuck the stock market. It's a lousy gauge of economic performance for the masses.

Agree. Why anyone looks at the Stock Market and then correlates it to the economy is beyond me, we can be in the middle of a Recession and the Market can be doing just fine.
 
DEMOCRAT POLICIES CAUSED THE 2008 ECONOMELT, STARTING UNDER CLINTON W/THE CRA ETAL.
DEMCORAT POLICIES CAUSED THE 2020 CRASH AS WELL.

Grok says trump is not to blame for anything that happened the day after he left office, but somehow Clinton is to blame for things that happened 8 years after he left office? Really? Do you know how crazy that sounds?

Well it gets crazier. Grok goes on to blame Democrats for a worldwide depression, when trump was president.
 
CLINTON RESCINDED THE EOs BANNING INVESTMENT HOUSES FROM TRADING IN MORTGAGE BACKED SECURITES, ADN ADMINSTRATION MEMBERSD LEAVING AND GOING TO WORK IMMEDIATELTY INNTHE FIELDS THEY REGULATED.

That is completely made up. Trading in mortgage backed securities goes back before Ginnie Mae, which was founded in 1968. Executive orders do not decide what securities we can trade.

FRANK AND DODD PUT US TAXPAYERS ON THE HOOK FR ALL THE FAIKLING SUBPRIME MORTGAGES CAUSED BY THE CRA, AND TRADED BY THE WORLD'S MAJOR BANKS.

Another fiction from you.
 
Oh I disagree wholeheartedly.

Stock Market performance is based on Company Earnings. When Earnings go up, the Market goes up.
And when the Economy does well, Company Earnings go up.

And when the Market goes up, Americans make money. Simple.

I'll disagree with you here. There's a reason you'll hear many economists say 'the market isn't the economy'. For example, look at this past decade where we had a less than stellar economic recovery yet the stock market boomed and we can thank the Fed and low interest rates forcing people to chase yield and more folks put their money in the market.
 
FRANK AND DODD PUT US TAXPAYERS ON THE HOOK FR ALL THE FAIKLING SUBPRIME MORTGAGES CAUSED BY THE CRA, AND TRADED BY THE WORLD'S MAJOR BANKS

There is no such thing as "Frank and Dodd", it would be the Dodd-Frank Act. It did not do what Grok claims, but more importantly could not in any way be blamed on Clinton, or causing the 2008 Mortgage Meltdown, because it was passed in 2010.
 
DEMOCRAT POLICIES CAUSED THE 2008 ECONOMELT, STARTING UNDER CLINTON W/THE CRA ETAL.


DEMCORAT POLICIES CAUSED THE 2020 CRASH AS WELL.

That is so wrong in so many ways. It explains your posting. you reside in blessed right-wing ignorance caused by selective reading that omits experts and substitutes righty propaganda.
 
Grok says trump is not to blame for anything that happened the day after he left office, but somehow Clinton is to blame for things that happened 8 years after he left office? Really? Do you know how crazy that sounds?

Well it gets crazier. Grok goes on to blame Democrats for a worldwide depression, when trump was president.

GrokMasterBater is a right wing hack. He just parrots what he reads on the radicalized right wing media sources because he can't think for himself.

Here's the real story behind the 2008 economic collapse:

https://www.nytimes.com/2008/12/21/business/21admin.html?pagewanted=all&_r=0

WASHINGTON — The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, “scared the hell out of everybody.”

It was Sept. 18. Lehman Brothers had just gone belly-up, overwhelmed by toxic mortgages. Bank of America had swallowed Merrill Lynch in a hastily arranged sale. Two days earlier, Mr. Bush had agreed to pump $85 billion into the failing insurance giant American International Group.

The president listened as Ben S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets, gripped by panic, had frozen overnight, and
Then his Treasury secretary, Henry M. Paulson Jr., told him that to stave off disaster, he would have to sign off on the biggest government bailout in history.

Mr. Bush, according to several people in the room, paused for a single, stunned moment to take it all in.

“How,” he wondered aloud, “did we get here?”

Eight years after arriving in Washington vowing to spread the dream of homeownership, Mr. Bush is leaving office, as he himself said recently, “faced with the prospect of a global meltdown” with roots in the housing sector he so ardently championed.


There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.

But the story of how we got here is partly one of Mr. Bush’s own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.

From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.

He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.

Mr. Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Mr. Bush chose to oversee them — an old prep school buddy — pronounced the companies sound even as they headed toward insolvency.

As early as 2006, top advisers to Mr. Bush dismissed warnings from people inside and outside the White House that housing prices were inflated and that a foreclosure crisis was looming. And when the economy deteriorated, Mr. Bush and his team misdiagnosed the reasons and scope of the downturn; as recently as February, for example, Mr. Bush was still calling it a “rough patch.”

The result was a series of piecemeal policy prescriptions that lagged behind the escalating crisis.

“There is no question we did not recognize the severity of the problems,” said Al Hubbard, Mr. Bush’s former chief economics adviser, who left the White House in December 2007. “Had we, we would have attacked them.”

Looking back, Keith B. Hennessey, Mr. Bush’s current chief economics adviser, says he and his colleagues did the best they could “with the information we had at the time.” But Mr. Hennessey did say he regretted that the administration did not pay more heed to the dangers of easy lending practices. And both Mr. Paulson and his predecessor, John W. Snow, say the housing push went too far.

“The Bush administration took a lot of pride that homeownership had reached historic highs,” Mr. Snow said in an interview. “But what we forgot in the process was that it has to be done in the context of people being able to afford their house. We now realize there was a high cost.”


tenor.gif
 
"Earnings" go up when companies don't have to pay much for pesky wages (hence Apple is the most profitable company of all time).

A small minority of Americans make money on the stock market. Don't give me that retirement account bullshit, either. Even including that, roughly 10% of the population gets 90% of the stock market earnings.


Try not to discuss things you know very little about, son.

WASHINGTON, D.C. -- With the stock market experiencing record volatility since the nationwide outbreak of COVID-19 in the U.S., it is fair to ask what percentage of Americans are personally exposed to the market's financial risks and windfalls.

Thus far in 2020, Gallup finds 55% of Americans reporting that they own stock, based on polls conducted in March and April. This is identical to the average 55% recorded in 2019 and similar to the average of 54% Gallup has measured since 2010.
 
Try not to discuss things you know very little about, son.

WASHINGTON, D.C. -- With the stock market experiencing record volatility since the nationwide outbreak of COVID-19 in the U.S., it is fair to ask what percentage of Americans are personally exposed to the market's financial risks and windfalls.

Thus far in 2020, Gallup finds 55% of Americans reporting that they own stock, based on polls conducted in March and April. This is identical to the average 55% recorded in 2019 and similar to the average of 54% Gallup has measured since 2010.
I'm not your son, and maybe you should learn how to fucking read. I didn't say only 10% own any stock, I said 90% of the earnings go to the top 10%. But it looks like I was off by a whole 6%, so sue me.

That’s because 84% of stocks owned by U.S. households are held by the wealthiest 10% of Americans, according to an analysis of 2016 Federal Reserve data by Edward Wolff, an economics professor at New York University. So when the stock market has a blockbuster year - such as the nearly 30% rise in the S&P 500 benchmark index in 2019 - the payoff primarily goes to people who are already rich.


https://www.reuters.com/article/us-...ets-record-run-but-who-benefits-idUSKBN1ZZ19A
 
That is completely made up. Trading in mortgage backed securities goes back before Ginnie Mae, which was founded in 1968. Executive orders do not decide what securities we can trade.



Another fiction from you.

Dude, I put that guy on ignore like within a week of joining the forum. I suggest you do the same for your mental health.
 
Dude, I put that guy on ignore like within a week of joining the forum. I suggest you do the same for your mental health.

It is like trying to debate healthcare reform with someone that thinks the Earth is flat. I waste all my time desperately trying to bring them back to reality, and I just do not feel there is any real debating going on.
 
It is like trying to debate healthcare reform with someone that thinks the Earth is flat. I waste all my time desperately trying to bring them back to reality, and I just do not feel there is any real debating going on.

You and Jerome are delusional. Both bullshitters, both have zero knowledge of what you try and bullshit your way through.
 
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