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Thread: This is Trump's economy, two years in

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Conservative View Post
    Still care about the stock market and since the election the market has gone from 18K to 24K which is a very good return on investment. You still want to prop up the Obama Administration on a Trump economics thread. Obama is out of office and when history looks at his economic results he will have made Jimmy Carter look good. Returns on investment only matter when you cherry pick the data which you do very well
    Again you should really do some research before you run your lying mouth off

    Dow Jones Industrial Average History (DJIA / Dow 30)

    ttps://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

    On Jan 20 2009 the DOW was 7550.29 and was falling it went to a low of 6547.05 on March 9th 2009 and the day Trump took over it was 19799.85
    NOT in the 18,000 like you say
    have a nice day

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by ataraxia View Post
    Because somehow you seem to be claiming that the growth then was bad, but the growth now is good. What’s the distinction?
    Growth is never bad but the return on investment is, meager growth and upward trajectory are touted whereas actual dollar growth is ignored

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by ataraxia View Post
    Because somehow you seem to be claiming that the growth then was bad, but the growth now is good. What’s the distinction?
    I spent 35 years in the private sector and guarantee you if I generated the results Obama generated and the addition to the debt he created I wouldn't have lasted two years let alone 8. Far too many people are so poorly informed and since they don't see the debt, probably don't pay any FIT to fund the debt that debt doesn't exist.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Conservative View Post
    Vern, this thread is about the Trump economy during his first two years so why don't you tell how what economic results Obama had that beat Trumps during the same period of time, Obama's first two years. Obama had a Democratic Congress his first two years and trump a Republican Congress. Hope the left is paying you well to post the lies and distortions you do on every post. Growing up did you ever accept responsibility for any failure you had or are you perfect? Interest how a community agitator who was incompetent and had no management, executive, leadership or private sector experience is being given credit for private sector performance in the stock market. Your posts show why you have zero credibility except from radicals who believe like you do
    Fact is the Dow went up only 552.55 more points in Trump's first two years more then Obama's first two years
    and Trump had a recovering economy and Obama was dealing with a recession
    Jan 20 2009 the DOW was 7550.29 and two years later it was 11871.84 an increase of 4321.55
    and when Trump took over it was 19827.25 and two years it was 24706.35 an increase of 4879.10

    Again please do some research so you don't keep making a fool of yourself
    Have a nice afternoon

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Bullseye View Post
    Liberals treate corporations as if they were some malevolent being determined to drain every penny from every human being on the planet. They forget that millions of us work for corporations, large and small, and that almost everything we eat, drink, or use in any way was brought to us by a corporation, that also paid the millions doing the work.
    And millions of us OWN corporations through our investments. And almost every govt service is provided by a corporation through contracts.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Tbird19482 View Post
    Again you should really do some research before you run your lying mouth off

    Dow Jones Industrial Average History (DJIA / Dow 30)

    ttps://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

    On Jan 20 2009 the DOW was 7550.29 and was falling it went to a low of 6547.05 on March 9th 2009 and the day Trump took over it was 19799.85
    NOT in the 18,000 like you say
    have a nice day
    Correct. The DOW rose all through 2016. 2017 looks more like a continuation of 2016. Remember when Donny said the 2017 tax-cuts (that went into law in 2018) will be rocket fuel for the economy? 2018 was a negative year for stocks.

    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by MTAtech View Post
    Correct. The DOW rose all through 2016. 2017 looks more like a continuation of 2016. Remember when Donny said the 2017 tax-cuts (that went into law in 2018) will be rocket fuel for the economy? 2018 was a negative year for stocks.

    So now the DOW is a good thing for you radicals who are always complaining about those evil corporations not paying their workers with the tax cuts and buying back stock? Typical double standard there which isn't surprising. We are talking TWO YEARS MTA and this is the first year of the tax cuts and already you care claiming Failure. It has been rocket fuel for the economy, better than any other President in modern history his first two years in office. Obama had a Democratic Congress, no budget and a stimulus day one, Trump had a Republican Congress and the results are stark Most people will take a 600 point gain since the election and 500 point gain since inauguration any time. Maybe if you were more successful you too could have money to invest in the stock market

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Conservative View Post
    Growth is never bad but the return on investment is, meager growth and upward trajectory are touted whereas actual dollar growth is ignored
    Oh so now you don't like the DOW. Let's then try the GDP.

    It's hard not to think you are being just a little biased in your analysis. Here is US GDP growth from 2011-present (I couldn't find one doing 2009-present). I am not seeing anything here that would make me think there was something terrible in these figures from 2011-2016 under Obama, vs. 2017 to present under Trump, which would warrant such outrage over the former, and such sense of victory over the latter. But if you do, let me know what that is.

    gdp.jpg

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Conservative View Post
    So now the DOW is a good thing for you radicals who are always complaining about those evil corporations not paying their workers with the tax cuts and buying back stock? Typical double standard there which isn't surprising. We are talking TWO YEARS MTA and this is the first year of the tax cuts and already you care claiming Failure. It has been rocket fuel for the economy, better than any other President in modern history his first two years in office. Obama had a Democratic Congress, no budget and a stimulus day one, Trump had a Republican Congress and the results are stark Most people will take a 600 point gain since the election and 500 point gain since inauguration any time. Maybe if you were more successful you too could have money to invest in the stock market
    You know when I shoveled in a huge amount of money into the stock market? End of 2008. Yep, that was when Rush Limbaugh was calling it "The Obama Recession", before Obama had even taken office, LOL. He was predicting the end of the world. Here is what he said:

    "The Obama recession is in full swing, ladies and gentlemen. Stocks are dying, which is a precursor of things to come. This is an Obama recession. Might turn into a depression. He hasn’t done anything yet but his ideas are killing the economy. His ideas are killing Wall Street."
    -Rush Limbaugh, Nov 2008
    Needless to say, I didn't listen to Rush. The money I put in then has tripled. Not bad.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Conservative View Post
    So now the DOW is a good thing for you radicals who are always complaining about those evil corporations not paying their workers with the tax cuts and buying back stock? Typical double standard there which isn't surprising. We are talking TWO YEARS MTA and this is the first year of the tax cuts and already you care claiming Failure. It has been rocket fuel for the economy, better than any other President in modern history his first two years in office. Obama had a Democratic Congress, no budget and a stimulus day one, Trump had a Republican Congress and the results are stark Most people will take a 600 point gain since the election and 500 point gain since inauguration any time. Maybe if you were more successful you too could have money to invest in the stock market
    Sorry, you're projecting. Please provide the quotes when I or other liberals here complained about stock returns being a bad thing. Yes, we complained that Trump's tax-cut wasn't going to go to workers, as he advertised, and WE were right. As we plainly see, the tax-cuts gave no boost to stocks. That "rocket fuel" burned out quickly -- not increase long-run growth, after giving a temporary stimulus. There was no spectacular investment from the tax-cut. Nearly all corporate investment was in oil production after prices rose. So everything promised that the tax-cuts were supposed to do never materialized. But what did they do? They gave huge breaks to Republican donors.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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