Trivia Question
- Thread starter Oneuli
- Start date
A nice collection of cultists?
I think a better question is which President in modern history had the most anemic Real GDP growth? Obama.
Another one; which President had the highest trillion dollar deficits in American history? Obama.
Better yet; which President had the largest accumulation of debt in American history? Obama.
Last one; which President had the longest and most anemic recovery from a recession in American history? Obama!
Wait for it ... here comes the spin ... .but but but Obama ...
Wait for it....here comes the crying......
cawacko
Well-known member
Do you have the official numbers for each President?
Hehe. The stock market did great under Obama. If I recall correctly, it was the third-best presidential era for stock growth in a century (after Coolidge and Clinton).
Clearly not, but that's OK, I can give you the answer: what they have in common is that they're all Republicans. All the worst stock performances of the modern era have occurred with Republican presidents in office.
Wait for it....here comes the crying......
Right on schedule ... all you have to do is pull these Little Bitches String ...
Bigdog
Harris - make America a 3rd world shithole
You totally destroyed the Leftwing mythology that the repubs are the party of the wealthy elite.
Thank you!!!!
Why no mention of Cleveland, Harrison,Taft, or Teddy Roosevelt?
Right on schedule ... all you have to do is pull these Little Bitches String ... and they cry like little babies.
And time for another history lesson for the "truthie," Obama led the country during the worse recession since the Great Depression while fighting two wars and burdened with an unpaid drug prescription program. As the economy improved, the spending decreased, Obama leaving office in his last year with a $672 dollar deficit
Trump took office, not inheriting a busted economy but one on the rise, and what was his first annual deficit, $1.233 trillion, projected to quadruple in his first term alone
"Trump's Fiscal Year 2019 budget projects the debt will increase $8.3 trillion during his first term. It's almost as much as Obama added in two terms while fighting a recession. Trump has not fulfilled his campaign promise to cut the debt. Instead, he's done the opposite."
(https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401)
One thing Trumpkins are not good is acknowledging how Trump played them at deficits and debt, among other things
I calculated them myself using online data for the closing of each day. For presidents since the start of the S&P 500, I used it, since it's a better indexing system. For prior presidents, I used the Dow, since it was the only game in town.
I'm not sure if you're interested, but I can walk you through replicating my work very quickly.
(1) Click here: https://finance.yahoo.com/quote/^GSPC/history/
(2) Set the time period to max and download the spreadsheet.
(3) Manually add today's close to the last line of the table: 12/20/2018, 2467.42
(4) In Excel, create the following formula in Cell H2: =VLOOKUP(I2,A$2:F$17356,6) That's a simple formula that searches the table for the data in cell to its right of it, and then returns the close of the market for that day.
(5) In cell J2, put this formula: =((((((H2-H3)/H3)+1)^(1/((I2-I3)/365.25)))-1)*100) That annualized the rate of growth.
(6) Copy Cell H2 through J2, select twelve cells below it, and paste. That replicates the calculations.
(7) Now all you have to do is fill in column I with the dates you want. For example, I2 is 12/20/2018 and I3 is 1/20/2017. That will make J2 calculate the growth rate under Trump. I4 will be 1/20/2009. Now J3 calculates the rate under Obama. 1/20/2001 for I5, and J4 calculates the rate under Bush. And so on. For example, the start and end date for Kennedy would be 1/20/1961 and 11/22/63.
It looks like a lot, but it literally takes like two minutes to do the whole process. It produces the following numbers for each president (Trump at the top, Eisenhower at the bottom):
4.42241564
13.84009142
-6.190156514
15.18171773
10.88793526
10.21421226
6.335317385
10.36748902
-4.370392079
8.142585987
5.402105556
10.93523464
To go back to Truman and before, you need to do the same thing with a DOW data record. I have one through work, but for some reason the online ones available to the public only go back to the 1980s.
I did no such thing. If you'd like, we could do a similar calculation for, say, the poverty rate. For example, which presidents failed to lower the poverty rate on their watch? Answer: Bush, Bush, Reagan, Carter, and Ford. That one's not quite as clear-cut, since there's one Democrat in the list. But it's still quite the pattern, don't you think? The Republicans are bad for the poor, bad for the middle class, and only good for the rich if you think in relative terms (the rich may not do as well as they do under the Democrats, but wealth inequality explodes, which gives them more relative power over the rest of us).
My data source only went back to Harding. If you have the earlier data, I'd be interested.
I am sure you found it.
Well said.
What makes you sure of that?
jimmymccready
Verified User
Bigdog pointed out that the GOP will destroy the markets, hurting the little men and putting them in the hands of the wealthy.