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Thread: Stocks
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06-04-2019, 10:36 AM #601
Obama wasn't hitting records, just regaining lost ground. Look at a chart for the last 20 years and you'll see the flaw in cherry picking a specific timeline.
Bottomline Obama wasn't creating wealth, he was repaying the piggy bank.
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06-04-2019 10:36 AM # ADS
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06-04-2019, 10:56 AM #602
This should show what I mean.... that huge ass dip at the bottom is where your pal begins his data point, which ignores the billions in lost wealth up to that point in time.
And to be fair a big chuck of that loss of wealth is to be blamed on Bush 43, But Obama was never able to create wealth, he was only able to regain lost wealth.... so you pals chart is apples to oranges....
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06-04-2019, 11:47 AM #603
FWIW, here is the article he cited.
http://fortune.com/2019/06/03/stock-...d64KmKGbaQWEpY
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06-04-2019, 12:03 PM #604
It's because he didn't have a magic wand.
https://thehill.com/blogs/blog-brief...nd-do-you-haveIt's only "science" if it supports the narrative.
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Post Thanks / Like - 1 Likesoldno7 liked this post
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06-04-2019, 02:48 PM #605
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06-04-2019, 02:49 PM #606
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06-04-2019, 03:27 PM #607
ALso, weren't Obama's 'gains' largely inflated due to bail-outs footed by taxpayers? How well would those gains have been without dumping billions of tax payer $ into the market to help recover from the recession?
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06-04-2019, 04:33 PM #608
Correlation doesn't equal causation,ie.
obama came on the seen during a great depression, that is not argued.
The stock market---not the country, rebounded, not due to any program or regulation put in place by xero.
The country had record high inflation(printing too much money), and a shrinking GDP
Those things measure the status of a countries prosperity.
Bailing out GM was a fail, they're right back in the same boat now(kicking the can down the road is not considered sound policy)
Sending Billions of dollars to iran, does nothing to stimulate the economy, the inverse could be argued.
Letting solyndra walk with 500 million, is not sound policy that stimulates the economy.
On the other hand--Trump has enacted policy after policy on trade and tariffs, doing what no other of the past 4 presidents, were smart enough to do(he has a magic wand)
The economy is booming BECAUSE of Donald Trump, not in spite of him as in the case of obama.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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07-10-2019, 06:55 AM #609
Looks like we're about to make more history in the stockmarket today.
This should be fun watching the Trumpian up trends.....Try as they might, Democrats can't seem to talk this economy down and keep it contained.....Investors know what's up...
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07-10-2019, 08:55 PM #610
The key fact Dems/leftists/socialists don't understand about tax cuts, and specifically corp tax cuts as done here, is the compounding effect. If the cut was $300 billion worth in year 1 (or whatever it was), that is infinitely more valuable as it compounds transaction after transaction, year after year, than merely $300 billion in spending. They fundamentally do not get that.
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Post Thanks / Like - 1 LikesIceaxe liked this post
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07-12-2019, 06:16 PM #611
That BOOM you heard today was the major stock indexes setting all time record highs.
Is Obama still trying to claim credit for our record setting economy? Asking for a friend.
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07-12-2019, 09:18 PM #612It's only "science" if it supports the narrative.
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08-05-2019, 11:08 AM #613
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08-05-2019, 11:39 AM #614
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08-05-2019, 11:40 AM #615
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Post Thanks / Like - 1 LikesIceaxe liked this post
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08-05-2019, 11:44 AM #616
Good time to buy stocks!
Climb-Utah.com
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08-05-2019, 12:22 PM #617
Looks like stocks are going to be on sale.
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08-05-2019, 04:49 PM #618
With today's stockmarket panic my stock portfolio is now only up 17% for the year to date.... Hahaha....
I'm shopping this low for good buys... YMMV
Climb-Utah.com
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08-13-2019, 08:02 AM #619
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08-13-2019, 08:04 AM #620
Yup -- up over 400 points today so far.
It's only "science" if it supports the narrative.
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