6 months before Obama was elected the Dow was @ 12k - GoFuckYourself.com

OneHungLo · 08-27-2018, 05:13 PM

And when Trump was elected it was @ 17k

That's dismal.

RedFred · 08-27-2018, 05:21 PM

The DOW hasnt moved since January, that's almost half of your cult leaders time in office.

Talk about dismal.

OneHungLo · 08-27-2018, 05:24 PM

Quote:

Originally Posted by RedFred

The DOW hasnt moved since January, that's almost half of your cult leaders time in office.

Talk about dismal.

It's up 80% lol. Get a grip bladewire.

Sarn · 08-27-2018, 05:33 PM

sarettah · 08-27-2018, 07:06 PM

Quote:

Originally Posted by OneHungLo

And when Trump was elected it was @ 17k

That's dismal.

Why date it back 6 months before Obama was elected? Oh yeah, because that way you can ignore the recession that the powers that be prior to Obama caused.

If oyu look at a chart of actual performance by president you will see that the performance under Obama was virtually identical to the performance under Trump.

But that would get in the way of your bullshit narrative, wouldn't it?

from: https://www.macrotrends.net/2481/sto...e-by-president

Quote:

Originally Posted by OneHungLo

It's up 80% lol. Get a grip bladewire.

And your math sucks btw. The market closed at 26k this afternoon. From 17k to 26k is not an 80% increase, it is a touch above a 50% increase.

.

OneHungLo · 08-27-2018, 07:09 PM

Quote:

Originally Posted by sarettah

Why date it back 6 months before Obama was elected? Oh yeah, because that way you can ignore the recession that the powers that be prior to Obama caused.

If oyu look at a chart of actual performance by president you will see that the performance under Obama was virtually identical to the performance under Trump.

But that would get in the way of your bullshit narrative, wouldn't it?

from: https://www.macrotrends.net/2481/sto...e-by-president

.

Yup and GW set the fix in motion.

Tell me what policies of Obama's had to do with that recovery. All that QE was GW's.

sarettah · 08-27-2018, 07:23 PM

Quote:

Originally Posted by OneHungLo

It's up 80% lol. Get a grip bladewire.

Quote:

Originally Posted by OneHungLo

Yup and GW set the fix in motion.

Tell me what policies of Obama's had to do with that recovery. All that QE was GW's.

WTF? change the subject here, why don't you. Your claim is that the market performed dismally under Obama and wonderfully under Trump. That is bullshit and I proved it, you could at least man up and say "yeah, I was wrong."

Who is responsible is a different discussion. Using your logic we could say that Trump is getting credit for the rise that Obama caused as the Dow Jones has been on virtually a continual rise since it hit bottom in March 2009. You going to give GW all the credit for what was essentially 7 years of continuing growth? Obama doesn't get credit for anything good that happened in his administration?

From: https://www.macrotrends.net/1358/dow...-last-10-years

This type of conversation is why I rarely post in these threads any more. You are not interested in an intelligent conversation based on facts. If you are proven wrong, you don't admit you are wrong, you just try to change the subject or repeat your bullshit at a higher volume. The same as your hero Pumpkinhead.

.

bronco67 · 08-27-2018, 07:31 PM

Quote:

Originally Posted by OneHungLo

Yup and GW set the fix in motion.

Tell me what policies of Obama's had to do with that recovery. All that QE was GW's.

You live in your own reality. It's no surprise you worship "The Great Orange One Who is the King of All People Who Live In Their Own Reality."

sarettah · 08-27-2018, 07:37 PM

Quote:

Originally Posted by OneHungLo

Yup and GW set the fix in motion.

Tell me what policies of Obama's had to do with that recovery. All that QE was GW's.

https://www.thebalance.com/2009-fina...ilouts-3305539

2009 - February 13

Quote:

Congress approved the $787 economic stimulus package initiated by President Barack Obama.

...............

It contained many of the key points promoted by Obama in his campaign platform. Obama’s American Recovery and Reinvestment Act of 2009 was the fiscal stimulus that ended the Great Recession.

.

OneHungLo · 08-27-2018, 07:53 PM

Quote:

Originally Posted by sarettah

https://www.thebalance.com/2009-fina...ilouts-3305539

2009 - February 13

.

Basically GW's plan.

BTW I'm no fan of GW. He was probably one of the worst presidents in our history imo.

vending_machine · 08-27-2018, 08:04 PM

Presidents generally do not have a direct impact on the economy, for better or worse.

sarettah · 08-27-2018, 08:08 PM

Quote:

Originally Posted by OneHungLo

Basically GW's plan.

BTW I'm no fan of GW. He was probably one of the worst presidents in our history imo.

No, it was not GW's plan. Under GW a 700 billion bailout was passed in October 2008. John McCain ran on a platform that included a plan very similar to what the Government was doing. Obama ran on a platform that included a quite different plan that was put into action in February 2009.

https://www.thebalance.com/2008-fina...meline-3305540

Quote:

October 3, 2008: Congress Passes $700 Billion Bailout Bill
The bank bailout bill was supposed to be a reverse auction. It would give troubled banks the right to submit a bid price to sell their assets to the Troubled Asset Relief Program. But, this would have taken too long to implement. Instead, the Treasury bought shares of troubled banks to inject capital into the frozen financial system.

https://money.cnn.com/2009/01/06/new...mulus_fits_in/

Quote:

Obama's estimated $775 billion plan could serve as the next step in the recovery efforts. While most of the Fed's programs have been aimed at boosting lending, Obama's economic stimulus plan is aimed primarily at job creation and consumer spending.

https://www.thebalance.com/how-do-ob...licies-3305622

Quote:

Bush left it up to the Federal Reserve to address the 2007 banking crisis with monetary policy. After Lehman Brothers collapsed in 2008, he agreed to Treasury Secretary Hank Paulson's TARP bailout.

Obama passed the $787 billion Economic Stimulus Act. This act created jobs in education and infrastructure, ending the recession in the third quarter 2009. Obama used the TARP funds to subsidize homeowners stuck with upside-down mortgages.

.

OneHungLo · 08-27-2018, 08:17 PM

Quote:

Originally Posted by sarettah

No, it was not GW's plan. Under GW a 700 billion bailout was passed in October 2008. John McCain ran on a platform that included a plan very similar to what the Government was doing. Obama ran on a platform that included a quite different plan that was put into action in February 2009.

I'm talking about quantitative easing which was put into place by the Bush admin. That had a profound effect and definitely put the economy back on the right direction.

So I guess you're also in the camp that Trump has nothing to do with the economy.

sarettah · 08-27-2018, 08:24 PM

Quote:

Originally Posted by OneHungLo

I'm talking about quantitative easing which was put into place by the Bush admin. That had a profound effect and definitely put the economy back on the right direction.

WTF? The economy continued to collapse throughout 2007 and 2008 while Bush tried to save it. His policies did NOT work, plain and simple.

Obama's plan was different. It did not have the emphasis on what the Federal Reserve did and instead put the focus onto the consumer. It paid off.

Quote:

So I guess you're also in the camp that Trump has nothing to do with the economy.

Don't put words in my mouth (or post as the case may be) please.

I have said nothing of the sort. I am not sure at this point how much credit to give Trump. It is always easier to see the reality of what occurred in hind sight.

I do not like Trump's economic policies but so far they have not seemed to cause the harm that was predicted by some. He gets credit that the Dow Jones has continued to rise under his adminsitration. Whether it will continue to or not, we will only be able to tell after the fact.

I hope the economy does great and will give him credit whenever I see it is due.

.

RedFred · 08-27-2018, 08:48 PM

celandina · 08-28-2018, 07:58 AM

It will crash in 2019

08-27-2018, 05:13 PM	#1
OneHungLo So Fucking Banned Industry Role: Join Date: May 2001 Location: Your mom's front hole Posts: 40,910	6 months before Obama was elected the Dow was @ 12k And when Trump was elected it was @ 17k That's dismal.

08-27-2018, 05:21 PM	#2
RedFred Confirmed User Industry Role: Join Date: Feb 2016 Posts: 9,782	The DOW hasnt moved since January, that's almost half of your cult leaders time in office. Talk about dismal.

08-27-2018, 05:33 PM	#4
Sarn Say for stagnation Yes!!1 Industry Role: Join Date: Sep 2015 Location: Russia Posts: 10,896

08-27-2018, 08:04 PM	#11
vending_machine Confirmed User Join Date: Jun 2002 Location: Seattle Posts: 1,062	Presidents generally do not have a direct impact on the economy, for better or worse.

08-27-2018, 08:48 PM	#15
RedFred Confirmed User Industry Role: Join Date: Feb 2016 Posts: 9,782

08-28-2018, 07:58 AM	#16
celandina Too lazy to set a custom title Industry Role: Join Date: Jun 2006 Posts: 11,352	It will crash in 2019