I am not a fan of Trump but stocks boomed under his first administration and there were real wage gains despite having next to no inflation. Can't you not see this? It's factual truth. It doesn't mean you have to like Trump or approve of him. And even if you trot out COVID, keep in mind the market rallied enormously from the COVID crash even before he left office. Given that we had record deficit spending and inflation under Biden, I find it fascinating people resort to these blind denialism. |
Past is not prologue. |
It did not boom. It went up 11.8% per year on average. That’s good, but below the performance of both Obama and Clinton. |
| Trump’s economy reflects this bad stock market. Get used to it… |
First of all, the stock market went up by far more than 11.8% per year under Trump. On the day of his inauguration in 2017, the S&P 500 was at 2265, and on the day of Biden's inauguration in 2021, the S&P was at 3861—an increase of over 13%. Moreover, that does not include dividends or the growth from their reinvestment. Factoring in dividends gives a compounded annual growth rate (CAGR), during Trump's term, of 15.3%! If you start the tally on the day of Trump's election in November 2016, the CAGR is actually 16.2%! And all of this happened during a period that also saw a black swan catastrophe (Covid) that caused the market to lose 34% of its value in 30 days! See the website below if you have any doubts about this. Trump's record is far in excess of any long-term historical performance of the stock market. I'm not sure why you liars lie about things that are so easily verifiable, but I guess lying is just what liars do. https://www.portfoliovisualizer.com/backtest-portfolio And second, the cognitive dissonance required to observe Trump's fantastic stock market record and still say that the market will surely crash due to his policies—despite the fact that you also made this spectacularly incorrect prediction last time—is truly a sight to behold. In medical circles, I believe this is classified as an advanced case of Trump Derangement Syndrome. Seek help. |
How's your cybertruck? |
We did not have record deficit spending under Biden. Trump contributed far more to the national debt than Biden because of his tax cuts. As for “record spending” - Over the past 60 years, nearly every U.S. president has run a record budget deficit at some point, with former Presidents Donald Trump, Barack Obama, and George W. Bush running the largest U.S. budget deficits in history. |
Aren't you skipping Trumps huge deficit spending that set the stage for inflation under Biden? Maybe Trumps stimulus was needed but it did cause inflation and deficits. |
Haven't bought one yet but considering it due to all the market gains I got while Trump was president. And also the gains I got while Biden was president because the market did well under him too. See how that works? You can have a preference for one side over the other while not denying reality—crazy, right?! |
This. The market rallied from the COVID crash because of the stimulus, not because Trump handled COVID well. |
That was because we were recovering from the GFC and had a tech bubble starting. |
“The Dow Jones Industrial Average returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%.” “The annualized return of the Dow was 12.1% and 15.9% for Obama and Clinton, respectively.” https://markets.businessinsider.com/news/stocks/stock-market-performance-under-president-donald-trump-dow-jones-sp500-2021-1-1029987163?op=1 |
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Stock Market up big today
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Biden economy… inflation is down |
Cool story. No one cares about the Dow. |