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re: So NOW it's Trump's economy, according to the MSM.
Posted on 2/5/18 at 4:00 pm to Numberwang
Posted on 2/5/18 at 4:00 pm to Numberwang
Knew that was coming
0
Posted on 2/5/18 at 4:00 pm to Jim Rockford
quote:You get no argument here. Just because the market made a correction doesn't mean he had nothing to cheer about.
You'd have a better case if Trump himself hadn't been cheerleading the stock market for the last 13 months. If he's going to take credit for the bulls he has to take blame for the bears.
Posted on 2/5/18 at 4:00 pm to mwade91383
quote:
Wait, are we pretending there weren't 23423490948324 threads on here the last 12 months giving Trump all the credit? So you're mad at the MSM for the doing the exact same thing you've been doing?
Interdasting.
Trump ABSOLUTELY deserves the credit for this stock market correction...given that it is fueled by a flight to bonds as investors start to worry about inflation driven by an INCREASE IN WAGES.
So yeah, he helped boost wages primarily due to the tax cut.
Posted on 2/5/18 at 4:01 pm to Numberwang
quote:
At least the stock market is his.
He has been taking credit for it since day one of his admin. have a spine and own that fact.
This post was edited on 2/5/18 at 4:02 pm
Posted on 2/5/18 at 4:03 pm to BigJim
I'm not saying he doesn't.
My point is both parties want the credit when it's good and lay blame when it's not. Neither party is interested in public accountability when it comes to these things. Bad PR I suppose........
My point is both parties want the credit when it's good and lay blame when it's not. Neither party is interested in public accountability when it comes to these things. Bad PR I suppose........
Posted on 2/5/18 at 4:09 pm to Mudminnow
W was responsible for some of the recession.
He sided with Barney Frank and the Congressional Black Caucus against Baker R-LA in controlling the housing bubble that exploded 5 years later.
Jul 21st 2003
Calling the hearings premature, Fannie Mae officials declined to testify before a house committee looking into alleged mismanagement at the nation's top two mortgage guarantee enterprises.
Rep. Richard Baker (R-LA), sponsor of one of two bills pending in Congress that would reconfigure the oversight of the two bodies, issued a statement Thursday calling off the hearings because of a â??lack of cooperationâ? from the two companies, which between them, own or guarantee 42 percent of the $7 trillion in U.S. mortgage business.
Baker's bill faces serious opposition from fellow lawmakers, many of whom count the two firms among their campaign contributors. Both Fannie Mae and Freddie Mac have strong political ties and lobbying arms. Accountingweb.com
He sided with Barney Frank and the Congressional Black Caucus against Baker R-LA in controlling the housing bubble that exploded 5 years later.
Jul 21st 2003
Calling the hearings premature, Fannie Mae officials declined to testify before a house committee looking into alleged mismanagement at the nation's top two mortgage guarantee enterprises.
Rep. Richard Baker (R-LA), sponsor of one of two bills pending in Congress that would reconfigure the oversight of the two bodies, issued a statement Thursday calling off the hearings because of a â??lack of cooperationâ? from the two companies, which between them, own or guarantee 42 percent of the $7 trillion in U.S. mortgage business.
Baker's bill faces serious opposition from fellow lawmakers, many of whom count the two firms among their campaign contributors. Both Fannie Mae and Freddie Mac have strong political ties and lobbying arms. Accountingweb.com
Posted on 2/5/18 at 4:10 pm to Mudminnow
quote:
Just like this board assumed everything that bush did for the recession was Obama's fault the moment he took office.
Nobody did that.
Everyone with a brain blamed the crash and recession on the banks running a Ponzi Scheme with Fannie and Freddie over the housing market.
If anything, we blamed the crash and recession on Chris Dodd and Barney Frank.
Obama is blamed for the inflation bubble he created by doing $5 trillion in QE Stimulus while not correspondingly raising inflation/interest rates to match it.
What happened Friday and today is a direct result of the fear of inflation.
Yes, the economy is doing so freaking well, that people are afraid The Fed Reserve will hike up inflation/interest rates drastically... because the economy is doing well enough to absorb it.
Posted on 2/5/18 at 4:11 pm to Numberwang
quote:
So NOW it's Trump's economy, according to the MSM
Good deal. Anyone could see this happening a mile away. Unemployment dropped quickly, consumer confidence rose quickly, of course larger than expected inflation was going to occur in a fiat currency setting.
Posted on 2/5/18 at 4:11 pm to Jim Rockford
quote:
You'd have a better case if Trump himself hadn't been cheerleading the stock market for the last 13 months. If he's going to take credit for the bulls he has to take blame for the bears.
You are 100% correct, maybe you should start a thread about that.
THIS THREAD is about the hypocrisy of the MSM largely being silent or outright giving credit to Obama as having laid the groundwork for the economic boom, then doing a 180 and blaming Trump for the last few days.
They same thought process you espoused should be applied to the MSM, no?
Posted on 2/5/18 at 4:12 pm to Cruiserhog
quote:
Cruiserhog
Go frick yourself.
Posted on 2/5/18 at 4:13 pm to Cruiserhog
quote:
He has been taking credit for it since day one of his admin. have a spine and own that fact.
Well of course, they made moves that boosted business growth almost immediately. You're a simpleton if you can't see the Trump adminstration boosted the economy as much as one could.
Posted on 2/5/18 at 4:14 pm to Numberwang
Well since its now his does that mean they will have to give him credit when it starts going up again?
Posted on 2/5/18 at 4:18 pm to GumboPot
quote:So the next surge up in the index will be Obama's?
Markets down. Trump economy.
Markets up. Obama's economy.
This post was edited on 2/5/18 at 4:19 pm
Posted on 2/5/18 at 4:19 pm to Numberwang
quote:
So NOW it's Trump's economy, according to the MSM
Haha.
Well, the guy has been bragging on the stock market for over a year while calling the market "the economy". What do you expect?
Posted on 2/5/18 at 4:20 pm to Numberwang
Good, I think it's heading up and Trump will net the benefits.
Posted on 2/5/18 at 4:21 pm to AustinTigr
quote:
The very REASON FOR THIS DIP is that with the economy booming, interest rates will rise and there might be inflation back in the market. COMPARED TO THE OBOZO PLASTIC ECONOMY OF ZERO INTEREST RATES, THIS IS A HEALTHY THING FOLKS
Yeah, boy, those interest rates are sure lookin healthy.
Posted on 2/5/18 at 4:23 pm to cahoots
quote:
Yeah, the Fed should have just raised interest rates after the 2008 housing bust. Great plan.
When they started Quantitative Easing, yes they should have.
You aren’t supposed to add $5 trillion to the M2 money supply and only go 13.8% in inflation over the 7 subsequent years.
This is how you create an inflation/interest rate/currency bubble.
You especially don’t do it when you’re doubling the debt and only inches from a fiscal cliff.
This two day market dive is people panicking that The Fed is going to try to catch us up to where we should be with inflation.
Posted on 2/5/18 at 4:25 pm to Numberwang
quote:Hold that fake outrage.
So NOW it's Trump's economy, according to the MSM.
The 2007 correction under GW Bush took 5 months for the DJIA to drop from 14,093 to 6,626.
Five months from now it'll be pretty obvious which president gets the credit.
Posted on 2/5/18 at 4:28 pm to austintigerdad
quote:
The 2007 correction under GW Bush took 5 months for the DJIA to drop from 14,093 to 6,626.
Five months from now it'll be pretty obvious which president gets the credit.
What will cause the drop?
Posted on 2/5/18 at 4:29 pm to Numberwang
Remember when Obama's stock market lost 1100 points in a day?
Me neither.
Me neither.
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