It'll be all theirs with no one else to blame.
DOW 30000
- Thread starter newfie
- Start date
fishtm2001
Well-Known Member
Biden’s Stock Market Is Off To A Faster Start Than Trump’s
With the Dow Jones breaking 30,000 for the first time it shows that stocks have started off stronger under President-elect Biden than they did under President-elect Trump four years ago.
www.forbes.com
That's because Obama's economy was stagnant and Trump's economy is dynamic.Biden’s Stock Market Is Off To A Faster Start Than Trump’s
With the Dow Jones breaking 30,000 for the first time it shows that stocks have started off stronger under President-elect Biden than they did under President-elect Trump four years ago.
fishtm2001
Well-Known Member
Trump boasts the US economy is the best it's ever been under his watch. Here are 9 charts showing how it compares to the Obama and Bush presidencies.
Trump touts his handling of the economy as the strongest indicator of his success, but a closer look reveals a mixed picture.
markets.businessinsider.com
Trump says he built a great economy. Numbers tell a different story.
The average quarterly economic growth under Trump, 2.5 percent, was almost exactly what it was under Obama in the second term, 2.4 percent.
www.nbcnews.com
Trump vs. Obama: Who has the better record on the U.S. economy?
In the three years before COVID-19, the U.S. economy under Trump performed about the same as it did during the last three years of Obama's presidency.
www.latimes.com
How Does the Trump Economy Compare to Obama’s? A Look Back at 4 Key Data Points
Stocks, GDP, jobs — and the deficit — have all been on the rise.
money.com
Sportello
Well-Known Member
fishtm2001
Well-Known Member
The S&P index (adjusted for inflation) increased by 60% in Obama's first term and by 47% in his second, after falling by 19% in the GWB's first term and falling (again) by 36% in his second. Between 2016 & now, the S&P is up by 46%--almost identical to Obama's second term.
The big package
Well-Known Member
That fo Forbes article you posted is so stupid . Biden has zero control over the economy or the country at this particular time .The stock market is rising because of the vaccines that have been expedited through the Trump administration and his policies !!!
The big package
Well-Known Member
We've had this argument many times about Obama versus Trump's economy and every time we talk about GDP growth which was the slowest coming out of a recession and you still have never answered my question . What was Obama's economic policies that got us out of the recession in 2008 ??? Or was it just the timing of his presidency and the American people were responsible for coming out of the recession !!!
The big package
Well-Known Member
Sorry that message was meant for fishm2001
fishtm2001
Well-Known Member
Don't discount the market's relief at the Toddler in Chief dropping his attempt to steal the election. Having a reliable adult in charge is music to everyone's ears.
fishtm2001
Well-Known Member
Considering the disaster he inherited and the determination of the Republicans in Congress to ensure he would fail, Obama's record is quite successful. For starters, after inheriting the Great Recession, the first year of which saw larger declines than at the outset of the Great Depression in 1929-30, he signed the American Recovery and Reinvestment Act of 2009. He also provided strong moral support for the Fed's Ben Bernanke, who had been President Bush’s nominee. He also restored the financial sector faster than expected and carried out a highly successful rescue of the car industry.
Last edited:
Up In Smoke
Well-Known Member
The market is 2-3 quarters forward looking. The market is looking at vaccines, fiscal policies, fed rates, dollar strength, gdp, cpi, csi and unemployment. The banks will be an issue in 2021 also. With spreads being what they are, banks may need bailouts going forward.
Fred's Myth
Nonhyphenated American
That argument means Biden will own everything the economy does from here on out, with no Trump to blame.
DriveInDriveOut
Inordinately Right
The blue wave failed and the radical idiot Democrats won't be able to pass their garbage agenda, so the markets go higher.
Not surprising.
Not surprising.
fishtm2001
Well-Known Member
Republicans and the lame duck donald administration are salting the earth as we speak ahead of the incoming Dem administration.
Okay, you have me hooked. How did Joe biden have anything to do with this?
fishtm2001
Well-Known Member
The market likes stability.
Fred's Myth
Nonhyphenated American
Yet you've already claimed the Wall Street bump for Joe, when he had nothing to do with it. The flip side of the coin you've chosen is the blame he receives for the same reason. Double edged sword, so to speak.
That's what happens when you claim something belongs to you, only to find out later that it was stolen, and you're being blamed.
I think it'll all culminate in Trump pooping on the Oval Office desk at 11:59 AM on January 20th as he also lets out one last Twitter scream of "IT WAS RIGGED! I WON BY A LOT!" in his final moments as President.
