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re: Why has the Dow Jones done so well under the two recent Democratic presidents?
Posted on 12/26/14 at 7:24 pm to jeff5891
Posted on 12/26/14 at 7:24 pm to jeff5891
quote:
Why has the Dow Jones done so well under the two recent Democratic presidents?
We're talking about two radically different economies.
Under Clinton, we created 22 million new jobs, had historically low unemployment, and enjoyed an increase in the nation's median income.
Under Ogump, we have the lowest labor force participation rate in decades and the people who are lucky enough to have full time jobs are getting paid less.
Under Clinton, the stock market was reflecting a fundamentally strong economy (no matter how much or how little credit you want to give to him). Under Ogump, the stock market is a mirage resulting from years of cheap money being given to people who simply move that money around instead of producing anything of value.
Posted on 12/28/14 at 11:08 am to Bestbank Tiger
quote:
Under Clinton
Clinton's economic legacy benefited from a Republican congress. He shut down the government, and threatened to on more than one occasion because he fought the reforms the Republican Congress insisted on that promoted economic growth, and you credit him for that?
Clinton should always be remembered for granting China's most favored nation status a permanent one by executive order ensuring the shift from an economy based on manufacturing to that of bubble.
Don't you remember Hilary stumping for the "service" economy?
Or the scandal over millions of dollars in contributions to Dem candidates from Communist China?
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