https://www.cnn.com/2018/12/21/investing/stock-market-today-dow/index.html
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Archived from the IMDb Discussion Forums — Politics
Oakley3 — 7 years ago(December 22, 2018 11:16 PM)
https://www.cnn.com/2018/12/21/investing/stock-market-today-dow/index.html
Dow lost 1,655 points, or 6.9%. That's the steepest weekly percentage loss since October 2008. The Nasdaq plunged 8.4% on the week, its worst since November 2008. And the S&P 500's 7.1% weekly loss was the worst since August 2011.
All three major indexes are down more than 12% in December. Stocks are on pace for the worst December since the Great Depression,
Trump, making depressions great again. -
MovieManCin2 — 7 years ago(December 23, 2018 12:51 AM)
Okay. Since you credited your boy Obama when the Market was going up, are you now going to blame him for it going down? BTW, I already know your answer.
PS It's still UP 3,322 points from when Trump was elected. Not a depression, not even a recession.
MAGA! FAFO!
Schrodinger's Cat walks into a bar, and doesn't. Dumbocraps: evil people who celebrate murder. 
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DoctorinPA73 — 7 years ago(December 23, 2018 05:47 AM)
The Dow Jones broke record high numbers in the first 2 years of Trump.
It never came close to that in ENTIRE EIGHT years of Obama.
Who is responsible for record LOW unemployment numbers the last 2 years???
It never came close to that in ENTIRE EIGHT years of Obama in office either
Still waiting for the liberals to answer that.
OBAMA TOOK CREDIT FOR ECONOMY BOOST RECENTLY EVEN THOUGH IT SUCKED FOR EIGHT GODDAMN YEARS
So who is responsible for THAT? Where does the buck stop?
OBAMA
OR
TRUMP?
PICK ONE -
Oakley3 — 7 years ago(December 23, 2018 12:36 PM)
You're living in a fantasy world, Doctor. Obama's economic record is probably the greatest of all time in the history of humanity. That isn't me talking, I'm quoting Rush Limbaugh, who was no Obama fan, let me tell you. I'll straighten you out here, because I care about you, and I don't want you to continue to look stupid.
The Dow Jones broke record high numbers in the first 2 years of Trump.
It never came close to that in ENTIRE EIGHT years of Obama.
First off, Obama came into office at the height of the Great Recession. The Dow Jones average had dropped from a high of around 14000 in 2007 to a low of around 6500. It lost over half of it's value. To get it up to "record numbers" in his first two years, Obama would have had to increase the Dow value by over 7000 points, which is twice as much as Trump has increased the stock market in his first two years. Conversely, all Trump had to do to reach record number was raise the value by a few points, because Obama had left Trump with a stock market already at record levels. Score Obama.
Having said that, you're still wrong. The Obama Dow Jones Industrial Average performance outperforms Trump's for the same time period in their presidency.
https://www.politifact.com/truth-o-meter/article/2018/jan/08/how-trump-obama-compare-stock-market/
Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 – an increase of 26 percent. That’s impressive.
But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.
In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession. That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.
The above article is from January, but it's even more true today. Obama crushes Trump.
Who is responsible for record LOW unemployment numbers the last 2 years???
It never came close to that in ENTIRE EIGHT years of Obama in office either
Once again, the Great Recession, and once again, you're wrong. The current unemployment rate is high 3s. When Obama left office it was 4.8. It had only been lower at one other point this century. Reagan never even got it that low. When Barack came into office, the unemployment number was 9.3%. So he got that sucker dropping and heading downward for 7 years of his presidency. It kept going downward once Obama left office, because that was the trend that his economic policies had set. So yes, Obama deserves some of the credit for the continuing lowering of the unemployment rate under Trump. It was Obama that saved the economy after all.
@MovieManCin2 -
DoctorinPA73 — 7 years ago(December 23, 2018 03:31 PM)
Then Bush(W) deserves credit for Obamas successes since he came before him LOL
oh and you are wrong.
Black and latino unemployment were RECORD LOWS under Trump. unemployment was still high under Obama during his entire 8 yearss. Esp in Pennsylvania.
even CNBC has to report this
https://www.cnbc.com/2018/06/01/black-unemployment-falls-to-the-lowest-level-since-1972.html
1972
NOT 2009
1972!
I knew alot of people who lost their jobs after 2009 and couldnt find anything decent until Trump was in office. Nobofy was hiring full timers for more than $20 bucks and hour plus benefits. Believe me, My friends tried looking. Even with bachelors – and in some cases master degrees with 20+ years experience.
even the Chicago Tribune had to mention the good news for ethnicities
https://www.chicagotribune.com/news/opinion/editorials/ct-edit-jobs-trump-unemployment-illinois-20180507-story.html
They didnt come close to that during Obamas 8 years.
Oh and even marketwatch had to mention this
https://www.marketwatch.com/story/stock-performance-in-trumps-first-year-was-second-only-to-fdr-2018-01-16
Obama had 8 years to raise jobs and he didnt. he was too busy ruining the health care system in america
Want me to bring that up? id be VERY VERY happy to accomodate you.
Just quit while you are behind LOL -
Oakley3 — 7 years ago(December 26, 2018 08:59 PM)
When the hell were we talking about black employment and when the hell did I ask you about your stupid friends and their statistically abnormal nonsense? The only thing you got right here is that Bush totally gets credit for the economy he left Obama with. It was an economy in historic collapse. Well done, Bush. On the other hand, Obama left Trump with an economy enjoying record gains, so he gets credit for that. And look at the stock market today, it's up over 1000 points. Obama again.
Thanks for conceding the point that Obama's economy was thriving. You did that when you didn't refute the notion that the economy was booming during the Obama years, and instead you tried to give Bush the credit. By doing that, you contradicted the whole point of your first message! LOL
The Chicago Tribune is a conservative newspaper, by the way. -
Yermom_Is_God — 7 years ago(December 26, 2018 10:38 PM)
Bush totally gets credit for the economy he left Obama with.
Actually, if you attempted to understand the housing collapse you'd understand it was a result of a Clinton policy.
Obama's economy was not thriving, it moved at a sluggish pace, so much so that he tried convincing the people that 1% economic growth is the new norm. He inherited a recession, so he got it at rock bottom, where he had nowhere to go but up, and generally should have been at a booming rate. The historical average recovery time from a recession is 26 months, it took Obama 76 months, and didn't actually start turning around until 2010 when Republicans gained control of the House and Senate. No, Obama was a poison to the economy and to the social fabric of the country, he was a terrible president and a horrible human being.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Oakley3 — 7 years ago(December 27, 2018 01:12 AM)
Whoa, slow down there, cowboy. Yes, early in the Obama presidency marked the bottom of the recession, but that was only the bottom because Barack Hussein Obama turned the tide in a positive direction. Thank you for acknowledging the success of Obama's economic policies. Had it been any lesser man, like say a Republican, the economy could have continued to plummet.
When the Great Recession hit, no one knew how far it would go, and many feared it was headed toward a depression. There was worldwide panic, panic which the smooth talking stud Barack Obama erased. Do you not remember what it was like back then? Are you five years old? That would explain a lot, actually.
Where are you getting your figures? I looked around and nothing supports what you are saying. Now I'm going to give you some facts, and I know how you've acted before when I've done so, but please try not to get upset. These aren't liberal lies, this is just raw data.
According to Wikipedia, the Great Recession did not last for "76 months" as you stated, it lasted for 18 months. That is below the historical average of 22 months listed in the same article, and well below the 26 month figure you pulled out of your ass.
What's more, the period of the great recession was from December 2007 to June of 2009, so Obama was only president for five months of the recession, and only at the tail end. He practically turned it around
overnight
. Legendary stuff. This is well before your given date of Republican takeover of the House and Senate in 2010, which let me issue another correction, was actually 2011. Yeah. Oh, and the Republicans didn't take back the Senate either. The Democrats held that. Ouch.
Once again, don't get mad at me. These are just the facts, ma'am. One more fact, Barack Obama is the greatest president and man who ever lived. You hate him because he is black.
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
Edit: Elaborate on your claim that Clinton started the housing market collapse. I'm not sure what you're referring to. -
Yermom_Is_God — 7 years ago(December 27, 2018 02:57 AM)
The recovery, dummy. Not how long the Time of Shedding and Cold Rocks lasted, how long it took to recover. Derp. And it happened because Republicans gained control and prevented President Assface from implementing his Marxist policies.
Research Clinton's "Everyone Owns A Home" bill.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
DoctorinPA73 — 7 years ago(December 27, 2018 03:46 AM)
LMFAO UH OH- Now the Dow has the highest gain ever today!
https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html
Dow rallies 1,000 points, logging its biggest single-day point gain ever
https://finance.yahoo.com/news/futures-tip-gains-japan-shares-223837042.html
but that cant be!!!! Trump took credit for the dow being low last week!
You said so!
let me guess, Obama AGAIN takes credit for THE DOW going up 1000 pts today?
So let me guess, we will just have Obama take the credit whenver the market is well and as SOON as the market is not doing so well we will shift any blame away from Obama and instantly blame Trump ok?!
Democrats-biggest hypocrites and love the take credit for **** they never did -
MovieManCin2 — 7 years ago(December 23, 2018 06:00 AM)
Actually if you've been a smart investor, and your portfolio is properly diversified
(like mine), this works to your advantage. Dividends which are automatically reinvested will be reinvested at a lower share price, thus buying more shares for less money.
Then when the market (inevitably) goes back up, you'll make a greater profit.
And you're welcome!
MAGA! FAFO! Schrodinger's Cat walks into a bar, and doesn't. Dumbocraps: evil people who celebrate murder. -
