Trivia Question

archives said:
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
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Moron translation:

35576311251_fc80262395.jpg
 
jimmymccready said:
Bigdog pointed out that the GOP will destroy the markets, hurting the little men and putting them in the hands of the wealthy.
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Sometimes I think the fact the Republicans are so much worse for stocks isn't an accident. Publicly traded companies are one way that the little guy has an ownership stake in our nation's economy. The companies that make up these indices are owned by everyday Americans in their 401ks, as well as by union members and government employees through their pensions, etc. The GOP, for all its reputation of being corporate friendly, tends to be a whole lot friendlier not to these big public corporations where the gains flow broadly to the American people,but rather to S-corps, closely held corporations, big family businesses like the Trump Organization or Koch Industries, etc. They like the kinds of businesses where the wealth created by thousands of people busting their asses flows not to a broad class of workers, but instead to a handful of aristocrats who have exclusive title to that wealth. To the extent they care at all about stocks, it's just about making sure that private equity companies like Bain Capital are tipped in time to sell off before any collapse.
 
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Oneuli said:
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.
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With all due respect I have zero desire to do the work or even walk through your work. There must be charts already done that show this data.
 
jimmymccready said:
Bigdog pointed out that the GOP will destroy the markets, hurting the little men and putting them in the hands of the wealthy.
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Fascinating; so now the Democratic Party of the Jackass is the party of rich fat cats on WallStreet???? Whoddathunkit!!!!

jimminy lacks the grey matter to comprehend how ignorant liberals look making such claims.
 
Oneuli said:
Sometimes I think the fact the Republicans are so much worse for stocks isn't an accident. Publicly traded companies are one way that the little guy has an ownership stake in our nation's economy. The companies that make up these indices are owned by everyday Americans in their 401ks, as well as by union members and government employees through their pensions, etc. The GOP, for all its reputation of being corporate friendly, tends to be a whole lot friendlier not to these big public corporations where the gains flow broadly to the American people,but rather to S-corps, closely held corporations, big family businesses like the Trump Organization or Koch Industries, etc. They like the kinds of businesses where the wealth created by thousands of people busting their asses flow not to a broad class of workers, but instead to a handful of aristocrats who have exclusive title to that wealth. To the extent they care at all about stocks, it's just about making sure that private equity companies like Bain Capital are tipped in time to sell off before any collapse.
Click to expand...

giphy.gif
 
cawacko said:
With all due respect I have zero desire to do the work or even walk through your work. There must be charts already done that show this data.
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Presumably there are, but most of the ones I've seen either calculate on an annual basis (which doesn't match up with presidential timing), or they calculate total returns (which doesn't allow for apples-to-apples comparisons to the present, since dividends show up in waves, meaning a big difference if you measure right before or after one of those waves). If you find one that does a straight up stock value comparison, let me know. Thanks.
 
archives said:
Translation, "truthie's" got nothing in return, guess he learned history is a bitch when you got the facts backing you up
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You can't even get the translation right snowflake. But then, when you are a brain dead idol of Obamunsim, this is the level of ignorance ans stupidity we can expect.

Yep, in dumbfuckland Obama failed because Bush was so bad. STFU, seriously.
 
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