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re: Trump vs Obama on the economy
Posted on 9/7/20 at 5:05 pm to bfniii
Posted on 9/7/20 at 5:05 pm to bfniii
quote:
trump inherited what he inherited - crap. and then the economy took off like almost never before.
heres 1.1.2009 until today. pace is the same. if anything things look more erratic under trump.
1
Posted on 9/7/20 at 5:46 pm to Zion
quote:this is an already refuted point. the stock market does not always directly affect a president's economic policies
heres 1.1.2009 until today
quote:and you know what all influenced that right? much of it was beyond trump's control.
if anything things look more erratic under trump
Posted on 9/7/20 at 5:50 pm to oklahogjr
quote:
Yeah, being young and naive is nice sometimes you know
Yet here you are, thrilling us with your acumen.
Posted on 9/7/20 at 5:57 pm to oklahogjr
quote:
His gains from the bottoms to eventual lift off in 2018 are gonna be a pretty hard change to best timeframe wise.
Pretty sure his administration ended before that. quote:
Obama actually did a good job here despite what most think.
longest and shallowest recovery EVER - his policies stifled recovery.
quote:
Trump continued and in theory by deregulation sped it up a little bit there for a minute.
Trump's policies were in no way, shape, form or fashion similar or akin to Obama's. PERIOD
Sped up a little bit? Seriously?
If not for the Covid overreaction/shutdown, the economy would be screaming right now.
Posted on 9/7/20 at 6:13 pm to bfniii
quote:
this is an already refuted point. the stock market does not always directly affect a president's economic policies
God I hope not. I immediately dismiss people who think the stock market is a leading indicator
Posted on 9/7/20 at 6:49 pm to bfniii
quote:oh I agree completely, I have no idea how this became the standard, 2020 should have made the disconnect perfectly clear. Unemployment is at 8.4 (up from 3.6 in Jan), and GDP was down in the 2nd by 9.5 percent (or 31.7, however you want to look at it), and yet the market is doing fine, and trump takes credit for it. so here we are.
this is an already refuted point. the stock market does not always directly affect a president's economic policies
Posted on 9/7/20 at 7:21 pm to Madking
Obama set lots of records. Record spending. Debt. Regulations. Number on food stamps. Worst recovery since depression. Worst home ownership since 50s. Lowest labor participation rate in one of his years since carter. Unaffordable Heathcare for middle Class and on and on and on.
Posted on 9/7/20 at 7:51 pm to Zion
So what were the gains from election day to inauguration day specifically attributed too? Please provide what did Obama do to take credit for those gains. It is very clear that a very business friendly administration would cause optimism especially before getting in office to see what if anything they can pass. Obama getting credit for that is nonsense. It is clear the gains from starting at 11/9/2016 compared to the month or 2 previous to that are pretty clear. It is funny that you don't show a market on election day because that is basically the day before the big spike up in early November.
You are also completely ignoring that the market had basically tanked when Obama took over versus it was stable when Trump took over. It is much easier to get back to status quo than to propel us to new heights never seen from already all time highs. This conversation is pointless if the terms of economy as has already been said multiple times.
I always ask what specifically did Obama do to help the economy and the stock market. What policies? I am again looking for sustainable action not just QE. The list from Trump is long.
I also wonder where the stock market would be if not for shutting down the country for COVID. Obama never had to deal with anything like this where the entire world economy is shutting down proactively to try and solve a health crises (or at least the reason they claim to shut down the economy).
You are also completely ignoring that the market had basically tanked when Obama took over versus it was stable when Trump took over. It is much easier to get back to status quo than to propel us to new heights never seen from already all time highs. This conversation is pointless if the terms of economy as has already been said multiple times.
I always ask what specifically did Obama do to help the economy and the stock market. What policies? I am again looking for sustainable action not just QE. The list from Trump is long.
I also wonder where the stock market would be if not for shutting down the country for COVID. Obama never had to deal with anything like this where the entire world economy is shutting down proactively to try and solve a health crises (or at least the reason they claim to shut down the economy).
Posted on 9/8/20 at 12:40 am to Zion
quote:as he should. the left is working overtime to destroy the economy unnecessarily yet trump's numbers are not that bad considering the circumstances and getting better despite the constant opposition. it's a great plan by the left. they know trump is going to brag about the economy in the election so, keep businesses closed and people at home to prevent that
and trump takes credit for it
Posted on 9/8/20 at 8:01 am to oklahogjr
quote:You've made it crystal clear you do not understand economics. But do yourself a private personal favor. Determine what Obama did to improve the economy other than to continue W's economic recovery plan, verbatim.
Obama actually did a good job here
Posted on 9/8/20 at 8:12 am to jmarto1
Well if the market is trending up it’s because the people are spending money. If they’re spending money it’s because they have money to spend due to a booming economy. The market so far under Trump (even with the world shut down or not at full speed for 6 months now) never dropped low enough to be Obama’s highest market numbers in his 8 freaking years!
Posted on 9/8/20 at 8:26 am to Zion
quote:
first of all, no, the cut off date is never ever election day,
One of my favorite cold takes on election day was Krugman and the left media predicting the stock market would tank and possibly never recover when they knew Trump was going to win.
I wonder if they would have blamed the losses from 11/2016 to 1/2017 on Obama if they weren't stupid and their prediction actually came true.
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