Biden’s 100-day stock market performance is the hottest going back to the 1950s

Discussion in 'Current Events' started by peacelate, Apr 28, 2021.

  1. HockeyDad

    HockeyDad Well-Known Member Past Donor

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    Um right..... the left was telling us we had wear a mask in our own homes and that we should have Christmas alone. They also had a problem with us taking a walk in the park without a mask. The left is libertarian when it comes to restricting their own privileges, they are not the least libertarian when it comes to restricting the rights of others.

    A REAL libertarian:
    1. Is against all Covid restrictions
    2. Is against all gun laws
    3. Is against all drug laws
    4. Is against a federal income tax
    5. Is against federal regulations
    6. Support the immediate withdrawal of ALL american troops from the Middle East
     
    Last edited: Apr 28, 2021
  2. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Anyone worried the stock market might be in a bubble?
     
    Last edited: Apr 28, 2021
  3. Darth Gravus

    Darth Gravus Banned

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    Not really. It has been a slow and steady rise, nothing really crazy driving it other than the country recovering from a pandemic
     
  4. Bullseye

    Bullseye Well-Known Member

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    What Trump inherited is the relatively flat UE in 2015-2016. You guys ALWAYS try to sneak in the surge from the end of the Great recession.
    Here’s the actual month by month UE:
    unemployment 2021-03-08 .png
    Notice 2016: Starts at 4.8% and ends at 4.7% AKA stagnant. 2017 started at 4.7 and drop from there until the Pandemic hit.
     
  5. mudman

    mudman Well-Known Member

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    Honestly, no idea why some don't get voted out. I think the voters on the right are far more concerned about spending than the republican politicians. There's a lot on both sides I think should be voted out. For some reason there's a huge chunk of people in this country that just vote for the person already there (on both sides).
     
  6. Arkanis

    Arkanis Well-Known Member

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    Shame on you for writing such nonsense.

    If Wall Street had collapsed after Biden was sworn in, you would have been one of the first to come crying that this is proof that the Democrats are destroying the economy.

    Trump has overused Wall Street's performance as proof of his economic "genius" and he has put the nation into record levels of debt during a time of economic growth, which goes against the most basic common sense of government management.

    What have you done to denounce this?
     
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  7. Par10

    Par10 Well-Known Member

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    This story is just nonsense.
    Sure, Biden caused this...

    Dow.png
     
  8. peacelate

    peacelate Banned

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    Bush and Congress had to get the federal deficit down when it was projected that there would be surpluses if Bush had just maintained the current course. Bush requested a budget that would increase the deficit, but the receipts for the year were higher than expected. He and Congress never sought to reduce it on purpose. Sometimes the deficit is lower than expected.

    Sure the budget was balanced in 1997, but the surplus during this time was mainly from social security taxes and increased taxes on the wealthy not to mention the internet boom, so it's hard to give credit to either party really.
     
  9. Darth Gravus

    Darth Gravus Banned

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    Thank you for showing there was a downward trend from 2011 on.

    Also, notice 2018: Starts at 4.0% and ends at 3.9% AKA stagnant.
     
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  10. Darth Gravus

    Darth Gravus Banned

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    Then why did he send the largest budget request in history? Why was his budget request a trillion dollars more than Obama ever asked for?
     
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  11. Pred

    Pred Well-Known Member

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    So blue states didn’t enact policy that purposely halted their economies compared to red states? And they didn’t blame the economic downturn last year on Trump? And Biden didn’t sign the biggest bill in ****ing history, a lot of which has absolutely NOTHING to do with the pandemic?

    And I called Trump out on his stupidity all the time. Never voted for him by the way. Biden is being praised for breathing and getting through a press conference without falling over. Want to talk low expectations?
     
  12. Junkieturtle

    Junkieturtle Well-Known Member Donor

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    And just like it was when Trump was in office, this is a continuation of a pattern that already existed prior to the administration.
     
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  13. Egoboy

    Egoboy Well-Known Member Donor

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    Horse crap

    SNIP
    Well, it's the same as the role of government when there isn't a health crisis, which is to protect us from people who would do us harm. And when there is a deadly contagious disease that is spreading throughout the public, there can be a role for government to take additional steps that it wouldn't take during ordinary times in order to prevent people from harming each other with that deadly virus. Now, what those steps are is a different question, a very complicated one. But most libertarians do agree that there is a role for government to play in a pandemic.
    ENDSNIP

    https://www.npr.org/2020/04/26/8452...pective-on-government-s-role-in-health-crisis
     
  14. Darth Gravus

    Darth Gravus Banned

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    Yep, and all the Trump folks gave him 100% of the credit, in fact Trump himself took the credit often on twitter. I have not yet seen Biden claim credit, have you?
     
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  15. HockeyDad

    HockeyDad Well-Known Member Past Donor

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    You are welcome to redefine libertarian to mean the opposite of what it actually is. I mean men can have vaginas now I guess and in the future whites will have black skin.

    upload_2021-4-29_6-41-3.png

    Using the government to force shutdowns and masking for more than than a year for a glorified flu IS THE EXACT OPPOSITE OF LIBERTARIAN. It is MAXIMUM state intervention in the lives of private citizens.

    This reminds of progressives who state they are gamers and then proceed to destroy the gaming industry. The tendency of the left to identify with that which they want to destroy is beyond annoying.

    Nothing that you have ever posted resembles anything close to the ideology espoused by Reason magazine..... you aren't in the same universe as those libertarians.
     
    Last edited: Apr 29, 2021
  16. Dutch

    Dutch Well-Known Member Past Donor

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    But when Trump was the President, it was you who was all doom and gloom.
     
  17. Darth Gravus

    Darth Gravus Banned

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    It is amazing how alike partisans are, does not matter which side they are on. Two sides of the same coin
     
  18. Egoboy

    Egoboy Well-Known Member Donor

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    LOL... the terms minimal and maximum don't seem to be your friends... I didn't see a single state have to resort to the Maximum state intervention over COVID.... and neither did you...
     
  19. Darth Gravus

    Darth Gravus Banned

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    Can you give some examples of this?
     
  20. HockeyDad

    HockeyDad Well-Known Member Past Donor

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    You are welcome to take that up with Reason magazine.... I guess they are fake libertarians. IMO, you are not in the least libertarian, quit pretending that you are. Other than legalizing drugs, I know of no libertarian positions that you hold. You ALWAYS side with federal government intervention... ALWAYS!!

    upload_2021-4-29_6-53-26.png

    https://reason.com/2020/04/01/will-covid-19-kill-the-constitution/
     
  21. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Nobody claims Biden caused this, not even himself, in refreshing contrast to the last occupant of the WH, who raced to take credit every time the stock market rallied.

    Second, Biden didn't cause a collapse of the stock market, again, in contrast to what the former occupant of the WH claimed would happen if he lost the election.

    The fact is that most economic indicators followed the same upward trend under Trump that they had before Trump took office. That didn't prevent the Trumpers to brag about the magical Trump economy on and on, but now, when the economy improves, they complain that Biden has nothing to do with it. The hypocrisy is thick.
     
  22. Egoboy

    Egoboy Well-Known Member Donor

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    My stances

    - Confining people to their homes - No, although I agreed with recommending it voluntarily, except for food and medicine.
    - Detaining sick people in government facilities - No
    - Banning US citizens from entering the country - No, although I would enforce a quarantine for those people
    - Government takeover of businesses - No
    - Conscription of health care workers - Conscription no, but recruitment and emergency pay and top notch safety measures, sure
    - Suspension of religious services - In person only
    - Criminalization of spreading COVID misinformation - No, although exposure, mocking, and temporary de-platforming are all options...

    Like this dipstick in California.... maybe being made a national embarrassment is the way to go for the misinformation spreaders, although dolts like this don't feel shame.

    https://www.yahoo.com/huffpost/coronavirus-vaccine-tracking-devices-063519431.html

    Even so-called Libertarians will disagree on the level of how to handle certain things, but I never once considered my personal liberty was at stake or curtailed by any COVID restrictions. Did I think some of them were overkill? Yep... I never wore a mask outdoors, walking or golfing, even though recommended.

    Stop pigeonholing people...
     
  23. Darth Gravus

    Darth Gravus Banned

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    Did any of these things every actually happen outside of religious services?
     
  24. Darth Gravus

    Darth Gravus Banned

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    Thus is the nature of Libertarianism. It is the Unitarian Universalism of politics.
     
  25. Dutch

    Dutch Well-Known Member Past Donor

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    Perhaps. But one side is always Right.
     

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