re: Stock Market: Obama vs Trump

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Tiger70503

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College freshman majoring in poli-Sci at OhLaLa who thinks he knows alot more than he actually does.

Quit embarrassing yourself son.

Are your reasoning skills really that poor or are you just trying to troll? I have to ask because these days you never know.

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Dow in the first 11 months:
- Obama: 29.9%
- Trump: 25.0%

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This isn’t true, and it’s disingenuous as hell.

DJIA interactive chart

The day Obama was elected, Nov. 8 2008, the DJIA was at 10,250, and it continued to go down and bottom out 3 months later at 8,207.

The day Obama took office, Jan. 20 2009, It was at 9,345. 12 months later on Jan. 20 2010, It was at 11,445.

That’s only a 2,100 increase. 2,100/9,345 = 22.5%

But if we go from the day he was elected, 11,445-10,250 = 1,195/10,250 = 11.7%


The day Trump was elected, the DJIA was 17,900, and it’s gone straight up since. Currently at 24,782. That’s a 6,885 increase.

6,885/17,900 = 38.5%


Now all that said, how the frick are you trying to compare a near 7,000 increase to a 1,200 or 2,100 increase??


Do you know what Obama’s market was at in Jan. 2015? 17,400. 22 months later it had gone up a whopping 500 points to 17,900.

If Obama is supposed to get credit for Trump’s 7,000 increase, please tell us what policies Obama implemented that caused his 2 years of flat market to go from 500 points of growth to 7,000 points of growth in the preceding 13 months.

Tell us exactly what Obama did to cause this phenomenon. We’ll wait for your explanation.

The market is so random that one of the major contributions to it is public sentiment. What's funny is that most Democrats were screaming about how Trump would kill the market if he were to win the 2016 election. Now that he won, they give credit all of a sudden goes to Obama. Can't have it both ways.

Also, GDP growth was stagnant at around 1% from 2013-2016. It has jumped 200%+ since Trump took the Oath of Office. AND to add fuel to the fire, Trump's executive orders earlier this year were more catered to....you guessed it....businesses, meaning he took the red tape of regulations off of corporations and small businesses allowing for more room for free enterprise.

But don't tell anyone on the left this. They think that Obama was some economic god, when he was in fact the complete opposite.

I give all credit to Trump for the market. When you take off the gloves this is what happens. It's why Trump will get all the credit when the economy crashes from overheating and him doing near to nothing to reduce the debt.

Want to guess who Trump blames when he reaches the inevitable market downturn? He wants all the credit during the good and none during the bad. It is guaranteed to come.

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The day Obama was elected, Nov. 8 2008, the DJIA was at 10,250, and it continued to go down and bottom out 3 months later at 8,207.

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LINK

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Wikipedia: The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high

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But if we go from the day he was elected, and ignore the 4000 point drop in between, 11,445-10,250 = 1,195/10,250 = 11.7%

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disingenuous as hell

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Yep. (I'm assuming your other numbers are correct, but I didn't check. Your DJIA low was trivially false to anyone who follows the market.)

Note to mouthbreathers: This is neither praise for Obama nor diminution of @real. I know you can't process that, but hopefully, you won't go forth and parrot the mistakes of fact.

False equivalency, and you know it.

Percentage wise, this market year will be comparable to Obama's 2013. Now, in 2013, I wasn't running around screaming, "THANKS OBAMA!" for the great stock market, because president's only have so much impact on that. But conservatives, in spite of the booming stock market, absolutely WERE running around like chickens with their heads cut off bitching about Obama ruining the economy.

It's hilarious how they are so desperate to justify Trump that the same economic trends that were proof Obama was actively trying to destroy the economy in 2013 are now somehow proof that Trump is a savior. And the sad part is, when there is an inevitable economic downturn, they'll just ignore it or blame Obama for it while still circle jerking about 2017.

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You might want to mention that the United States was coming out of one of the largest financial crashes since the Great Depression during Barry's first year in office.

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But make sure you forget that when you talk about everything else.

Time travel happened?!