The Dow's 31% gain during Trump's first year is the best since FDR

Read the chart in the link. I couldn't get it to copy and paste.

https://www.cnbc.com/2018/01/18/the...-trumps-first-year-is-the-best-since-fdr.html

 

The rise is based on confidence that reducing the government imposed costs on production will result in 4% economic growth.

 

times are different. We didn't have a post WWII reconstruction to inflate our manufacturing sector, like we did after the GD.

Baby Boomers

lol, he most certainly and demonstrably did.

it's called math. learn it.

They weren't. Homes were in foreclosure due to republicans created recession. Home values plummeted and banks stopped lending.

 

That’s funny. WW2 reconstruction ?? No it’s not all baby boomers. Recovered wealth is not created wealth. And please do some homework on subprime mortgages during the Obama Presidency.

 

Correction: the 2008 recession was caused virtually entirely by the housing/mortgage crises which was 99% Democrat doing

 

yes, it's called history.

it's mostly baby boomers retiring.

of course it is.

I did

 

lol really? Democrats had majority control of congress, and the presidency from 2001-2007?

You guys.............are so special.

 

You better go back and check your figures. Bush, Clinton, and the GOP Congress are far, far more to blame for the Great Recession than Obama error.

 

So you are not an economist. Thank you.

 

Avg IQ about 80. The many millions stand for white supremacy, white nationalism, white ethno state dominance, nativism, uber nationalism, and are violent anti democracy.

They will be eventually deported to Russia.

 

Your homework is lacking. Reconstruction ended in the 60's. What percentage is baby boomers ?? The wealth was lost in the financial crisis and then recovered. That's not created. Check again on subprime lending during the Obama Presidency.

 

And the subprime lending was the result of Clinton's interpretation of the CRA and HUD's requirement on Fannie and Freddie. R's attempted to enact legislation in 2004 but were blocked by D's after 2006. The financial crisis was the result of regulations and gov acting in conjunction to create a black swan. The history is all there.

 

And there it is. High comedy again from the party of goodness.

 

Reading does not depend on being an economist.

 

Who is blaming Obama for the financial crisis ??

 

I dislike beating this dead horse that always returns to life, but, quickly: the housing crises got its seeding with Carter and the Community Reinvestment Act but it was fairly innocuous until Bill Clinton gave it steroids and greatly increased the pressure (threats) on banks to make bad loans primarily to minorities and greatly incented Freddie and Fannie to buy up those risky loans. Then a booster shot of double steroids with the Commodity Futures Modernization Act of 2000 which exempted derivatives from all oversight and regulation. The Republicans, mainly Bush and McCain, tried to fix these looming problems but the Democrats, led by Sen. Dodd, would block any such legislation with 41 senate votes. The rest is history.

 

And we were a manufacturing powerhouse after WWII, because of it. Which is why we had just a booming economy post GD.

a lot

yes, it's created.

 

First you say the president has zero to do with the stock market. Then you say emotion is the cause of the market booming. Connect the dots here. The day Trump was elected emotions went positive due to the fact that investors saw and end to Obama's anti corporations policies and a new president with new pro business policies on the horizon. The Trump bump continued as Trump systematically replaced Obama job killing policies with his own.

 

so why did republicans do nothing about it? They owned congress and the white house from 2001-2007.

 

Because they were taking care of the non-Dem banker friends.

 

You are equating reading with understanding, but your comments do not indicate that you understand. So keep reading.

 

lol, you guys are so special.

Republicans owned congress and the white house from 2001-2007, just like they own it now, but their incompetence is blamed on democrats. Lol

 

IT’S AMAZING HOW PEOPLE’S WORRIES ABOUT THE ECONOMY HAVE VANISHED: Trump Year 1 In A Single Chart.

 

Well, at least this #McConnellShutdown isn't negatively affecting the market today.... was a little worried when it opened, but it's a decent uptick today...

Whew!

Thank you President Obama!

 

Are you freaking serious? Kansas has had republican majorities in all branches for some time now. Clearly, i'm wasting time with you because you're clueless. Can't cry Obama on this one.