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T-rump's stock market track record just can't compare to Obama's


On Saturday, T-rump warned of dire consequences to the stock market ("It's going to crash, my fellow T-rumpanzees!") should he not be re-elected in 2020. Looks like it's a chance that most Americans are eager to take, as he's slagging in every poll - including his in-house polling.

Still, what's more mind-boggling is the fact that he's been to blaming the Fed over interest rates for keeping the market from booming, yet takes no responsibility for screwing with the markets with his trade wars.

Said T-rump this weekend, “The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT.”

However, Bloomberg’s Roz Krasny had something else to add to his self-congratulations.

“Research by Macrotrends shows the Dow Jones Industrial Average’s performance so far in Trump’s term has been middling compared with his predecessors, and trails the gains made under Democrats Barack Obama and Bill Clinton,” she pointed out.

To see just how T-rump compares to Obama - and even Bill Clinton - in stock market performance, click here (Warning to T-rumpanzees: this is real truth, not alternate truth.)

https://www.macrotrends.net/2481/stock-market-performance-by-president

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Another difference?

Neither Obama nor Clinton ever bragged about being a business genius.

Neither Obama nor Clinton ever bragged at how well their Administration was going because the Stock Market was achieving record highs.

Neither Obama nor Clinton went to Business School - but they KNEW that it's folly to tie your Administration's economic successes to the Stock Market's Daily results.

Economic Success is LONG TERM. The Stock Market is measured by the DAY.

Donald should have known better than to delight & brag about the market's successes when he clearly doesn't understand it.

But he DOES know that his base only hears what he wants them to hear.

A reality that is NOT Donny-approved is alternative.

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Neither Obama nor Clinton went to Business School - but they KNEW that it's folly to tie your Administration's economic successes to the Stock Market's Daily results.


https://townhall.com/tipsheet/cortneyobrien/2018/02/05/jay-carney-obama-admin-never-boasted-about-stock-market-n2444751
Good time to recall that in the previous administration, we NEVER boasted about the stock market -- even though the Dow more than doubled on Obama's watch -- because we knew two things: 1) the stock market is not the economy; and 2) if you claim the rise, you own the fall.

— Jay Carney (@JayCarney) February 5, 2018
Except he did. A social media user screen shotted a relevant excerpt from a transcript of an interview Obama did with ABC's David Muir in 2011, where the president was happy to talk about the increased value of stocks under his watch. The transcript can be found on his archived White House website.

Passage of Clinton budget bill in 1993 "led to an enormous flowering of the economy in America."

— Bill Clinton on Sunday, April 18th, 2010 in an interview on ABC's This Week
Asked by Tapper, "Politically does this year remind you of 1994?" Clinton responded, "A little bit. We passed the bill which reversed trickle-down economics by one vote. (It was) close like the health care bill (this year). And it led to an enormous flowering of the economy in America."

Next!

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You’re absolutely right. They carried on “ business as usual” and didn’t brag about what they accomplished - they knew their legacy was louder than words.

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You’re absolutely right.


Thank you, I generally am.

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Still, what's more mind-boggling is the fact that he's been to blaming the Fed over interest rates for keeping the market from booming, yet takes no responsibility for screwing with the markets with his trade wars.


Uh...Mejico capitulated swiftly, or did you forget that?

https://www.democratandchronicle.com/story/opinion/guest-column/2019/06/11/essay-like-not-mexico-tariff-threat-worked/1421273001/

Trump threatened a 5 percent tariff on all Mexican exports to the United States, which would increase by an additional 5 percent up to 25 percent.In less than a week, the Mexican government capitulated, agreeing to take steps to stem the flood of refugees from Central America.

Like him or not, Trump’s love affair with the tariff finally accomplished something.

https://www.washingtonexaminer.com/policy/economy/justin-trudeau-capitulated-to-trump-in-trade-deal-opposition-leader-says

"They capitulated on access to Canada's dairy market," Andrew Scheer, leader of Canada's Conservative Party, said in parliament Monday. "They capitulated on pharmaceuticals, agreeing to Donald Trump's plan for higher drug costs for Canadians. And they actually agreed to limit Canada's diary exports to other countries so that American farmers can fill that space."

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26,465.54 +353.01 (1.35%)

Do what? Almost 27,000 for the first ever in the history of history.

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Half of the total American workforce have jobs that pay less than thirty-one thousand dollars a year. Why don't you tell these people how great the stock market is doing and ask if they care?

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Thank God more "Dollar Stores" have opened under his economy, and filed those low paying jobs Americans always wanted!

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Yep, those people who make ten dollars an hour can turn up their noses and look down on the peasants who make only $7.25 an hour because, well, they're just not in their same high-class social strata.

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Not to mention those $10 / hr store managers have invested heavily into the stock market! When they're ready to retire in 30 years, they'll have a nice little nest egg of a couple of hundred dollars.

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https://www.macrotrends.net/2481/stock-market-performance-by-president

Really, this is an easy chart to follow. I made sure I found one that even YOU can understand! You won't like it, but you should be able to understand it.

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I only understand micro trends.

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You're very limited.

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Not really, I am like antman.

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