Obama's economy is propping up Trump at this time.

[kentuck]

If the economy was as terrible as the one that Obama inherited, it would be a very different story.

However, Obama left Trump with a stock market around 19,000 and an unemployment rate below 5%. Granted, both have done extremely well since Trump has been in office, but there is not one policy that they can point to, to explain why? The stock market has been flying high with hopes of a big tax cut giveaway and they have been soaring.

To listen to Trump talk, one might think the stock market started at zero when he took office and the unemployment level was at Depression-era levels? In truth, he should be thanking Barack Obama. Because, if the economy was not doing well, he may have already been gone?

[cilla4progress]

1. Flim flam

You hit it on the head, though:

The stock market has been flying high with hopes of a big tax cut giveaway and they have been soaring.

[Wellstone ruled]

2. The number run up on the DOW

is to be expected. Specific Stocks were selected to be added to the Dow in order to produce this effect.

[unblock]

6. every other index has zoomed up as well.

true, the dow has outperformed the s&p500 and others, but in any event the stock market growth has been remarkable any way you look at it.

of course, this has far more to do with the economy finally really recovering from the shrub debacle than anything donnie has pretended to have done.

and to the extent donnie has had an impact, it's mostly bubble-effect due to overhype of what effect his idiotic tax heist might have.

[Wellstone ruled]

7. Yes they have

and they are the real meat and potato's of our Economy. The Dow is just a shinny object,that sells. S&P as well as the Russell are the hard facts and yes we are still living in a Obama Market and if the ugly Tax bill is signed into law,all of the Market Indices will spike and we will see 1929 in living color.

[unblock]

8. I suspect they have already spiked.

Frankly I see no rationale to be particularly long this market after the tax bill passes (or doesn’t).

All assets are very overpriced.

We can hope Obama’s economy can withstand the Donnie disaster, but that’s hardly a case for being a bull.

[Fred Sanders]

3. Fake unemployment numbers!..someone once said who now considers same numbers just fine!

[Kirk Lover]

4. Well put. n/t

[unblock]

5. show someone a chart of the dow over the last 2, 3, or 5 years but hide the timeline.

ask them if they're looking at a chart of the dow entirely during donnie's term or entirely obama's term or a mix

if they say it's a mix, then ask them to point to the spot where donnie took office.


unless you're rather familiar with the chart, you can't really tell. there's no marked difference in market progress before or after donnie took over.

and frankly, donnie is damn lucky this is the case. it's actually mind-blowing that a president could be at 32% approval during his first year while the economy is on the upswing and the stock market is booming.


indeed, for all the talk about mueller, if a recession comes, donnie's really toast.