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

no idea what this has to do with you being wrong, but ok?

 

Its just amazing that you guys can't point to anything specifically that the president has done to make all this happen. The only answer you can come up with is, "its just his mere presence".

 

no, as neither happened in 2009.

 

UE is a lagging economic indicator. The stimulus wasn't suddenly going to create millions of jobs overnight.

He was able to get UE to under 5% from a high of 10%. Stock market doubled to record highs. Obama has the most consecutive months of job growth of any other US president in history.

 

Please list the real gdp quarterly growth rate starting with Q1 2016 through the present.

 

why? It increased every year.

 

That’s funny. And transparent.

 

and demonstrable fact. lol

 

Then please demonstrate by listing the quarterly real gdp growth numbers as requested. BTW the Q4 projected is ~ 3.2%. What did Obama do to achieve that growth ??

 

That's generally a true statement. We tend to give our presidents too much credit for both the good and the bad. However, there are exceptions, and Trump's direct actions related to the creation and passing of the tax bill are one of them. Read what Apple's Tim Cook has to say in his announcement of $350 Billion in investment, and the creation of 20,000 jobs over the next 5 years:

'Well, there are two parts of the tax bill right? There's a corporate piece and an individual piece, I do believe the corporate tax side will result in job creation and a faster growing economy,' Cook said".

http://www.dailymail.co.uk/news/article-5284233/Apple-CEO-speaks-plans-create-20-000-jobs.html

Just the promise of that tax bill was so powerful that the psychology of the market reacted immediately with rapid equity increases. As time passed, you'd see the market pause when it looked like Democratic obstruction might derail it, and accelerated when news of consolidated Republican support was happening. This is all undeniable. It's been quite a phenomena to witness. Don't you think??

 

We're you paying attention to the stock market the day Trump was elected? It went up 250 points.

 

Why? it went up every year for the last 6 years.

He handed off a stable and booming economy. The trend continued throughout all of 2017, and as long as trump doesn't **** it up, will continue throughout 2018 until republicans again **** it up.

 

Obama had under 2% GDP average over his eight years and worse than that the last couple of years as his economic policies took hold. We were on the road to ruin and heading towards a financial cliff. He called it the new normal, Carter called it less is more, I call it socialism on display. College graduates couldn't find jobs in that anemic economy and now they will finally be able to move out of moms house and get a good job.

 

You never answered the question. What economic policy of Obama led to growth of the economy? Was it solyndra? Was it keystone? Was it expansion of national monuments? Was it not allowing new oil drilling on federal land?

 

Keep it simple. Don't want to hurt yourself.

 

Once again desperate for any news that doesn't make the dummy in chief look like the incompetent, impotent clown he is, trump sycophants ignore years of economic trends and basic math. Typical.

 

Maybe you can get a job now and move out of moms house.

 

To be fair, trump had very little to do with the creation of the tax bill. It's common knowledge he has no ideas and prefers to be a rubber stamp for people who actually know policy in the republican caucus. I'm not sure Apple is the right example to hold up here, who has proven to be about as anti consumer as they get and is notorious for stashing billions overseas to avoid paying taxes. But, ok.

It's great that Tim Cook believes this but, it doesn't mean he will be creating any of the jobs or bringing any of that money back into the US. You admit that if there is an impact, it's psychological. This still ignores the economic trends upward that have been on pace for a number of years now. The stock market has seen investment because there's simply no other place to get those kind of returns. You don't expect companies who will be able to stash more cash now to be critical of the giant giveaway they will receive, do you? They are under no obligation to create jobs, and it's been proven that a reduction in taxes does little to motivate hiring. This money will likely be used to buy back whatever stock they have outstanding to artificially boost their share prices. It's a folly to think they will increase hiring or wages. Take a look at Kansas for a real world failure of supply side economics.

 

Oh that's cute. Don't worry, I didn't expect you to reply with anything substantive. Your generation will continue to screw up the country and the planet like usual. Thank goodness they're dying out.

 

Not seeing the "Things started changing the very day Trump was elected."

 

Really?? Tax reform was his campaign promise. Trump brow beat Congress and the Senate to move on crafting a bill, and he personally stayed engaged to see it through to passage. Were you actually paying attention?? I don't mean to sound condescending, but given your response it's a fair question to ask.

Apple IS the right example to hold up here. The company is arguably one of the most successful corporations in recent history. When Tim Cook says the upcoming investment and jobs are partially attributed to the tax bill, people who know business pay attention. Apple's actions to avoid paying taxes were what any corporation would do. I didn't like it either, but their job is to maximize shareholder value through all legal means possible. BTW, are you one of the few who refuse to take deductions to lower your taxes?? Congratulations....

Cook made the public commitment. What information do you have that says he's going to renege??

The monetary tricks the Fed played during the Obama years has run out of steam. There is a point where real economic growth has to happen to keep the engine going. That's what Trump has triggered. Would you have preferred the new normal of 1.9% annual growth under a Hillary regime?? Is that honestly what you would prefer??

 

You mean, the more it became clear that Trump was going to win, the more the stock market went down. It only went up after people accepted the outcome.

 

Yes when reality took hold and the fear mongering of the left abated the stock market went up 250 points on the trading day that Trump was elected.

 

you can't dispute what I wrote previously.