Quote:
Originally Posted by OneHungLo
Well if you know anything about the market and were paying attention when he won the election, the market jumped big time based on Trumps tax plans, deregulation and repatriation of 100s of billions of dollars stuck overseas.
So yes, Trump winning the election had a profound effect on the market. I mean if it crashed the day he won wouldn't you say he had an effect as well?
You guys just can't handle the truth. The media lied and lied to you rubes and you lapped it up. They told you Trump was going to crush the economy, get us into world wars and exactly the opposite has happened.
PS - Even if you went from Trump's inauguration day dow price of 19,827, that's still a 33% increase.
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Whys Trump needed to borrow a trillion dollars just to cover the day to day running of the Government then?
Australia and the USA came out of the same recession very similar economically, Europe took the battering.
4 years later the Australian budget is balanced the Government is in surplus and swimming in cash and Australia has gone nuts on infrastructure building. There was worry when the USA dropped it tax rates many businesses would leave here... not a single one did.
You the American tax payer got scammed, the short term boost of Trumps cash gifts to the wealthy, achieved 25% of what they should of economically.... and its you the tax payer who will be left with the bill.