Market up on strong jobs data.

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SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
Yeah, wow. That's some cult-level derangement justification! "obama inherited the worst crisis since the 20s, but eh.. the Fed rate was low when Trump's term started too!". Everyone knows Trump-cultists are idiots, but still surprised how bad it is.

Also, short of giving tax breaks to the wealthy and business (on top of hiostoric high profit margins) I don't know what else he's done exactly. Very little "deregulation" has actually happened; net neutrality had no impact on business, even verizon said so. Clean power plan was never implemented anyway. Tweaking dodd-frank I guess?

https://www.thebalance.com/us-deficit-by-year-3306306

Yea, that $1.4billion in deficit in 2010 (Obama's second year) in part due to the ACA was really recovery spending. The numbers speak for themselves. Looks like at this rate Trump may add as much to the debt in four years as Obama added in the first two of his first term.
 

SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
You guys are taking the diversion bait.

No wonder Slow wants to change the subject away from the volatile market that Trump is creating, although why he would choose to change the subject to the exploding deficit under Trump, I have no idea.

perhaps he's decided he's tired of being punched in the face, and would rather be punched in the nuts instead.


It wasn't me that brought up the deficits, it was another poster, a post that you gave a like to in fact. If you feel this has been derailed, talk to that poster.
 

obidamnkenobi

Golden Member
Sep 16, 2010
1,407
423
136
https://www.thebalance.com/us-deficit-by-year-3306306

Yea, that $1.4billion in deficit in 2010 (Obama's second year) in part due to the ACA was really recovery spending. The numbers speak for themselves. Looks like at this rate Trump may add as much to the debt in four years as Obama added in the first two of his first term.

I know you're too dense to listen, but still.. What part of WORST ECONOMIC CRISIS IN 80 YEARS don't you understand?
also; ACA became law in march 2010, none of the provisions would have effected 2010 numbers
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,499
136
It wasn't me that brought up the deficits, it was another poster, a post that you gave a like to in fact. If you feel this has been derailed, talk to that poster.

How do you feel about all the gains you bragged about being wiped out? Since you credited Trump for the gains before do you fault him for the declines?
 
Reactions: darkswordsman17

SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
How do you feel about all the gains you bragged about being wiped out? Since you credited Trump for the gains before do you fault him for the declines?


I think the POTUS only has so much influence on the markets. I was happy to see things going well even as a trade war was spinning up. Sadly the gains were wiped out as you state. Hopefully we get a good trade deal in place with China, the Democrat witch hunt against Trump winds down with his innocence confirmed and stability is back in place, and the good jobs numbers and growth numbers keep rolling in.
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Dow Jones January 8, 2016 16,346.45
Dow Jones Dec 5, 2018 25,027.07

Gain of 53% since Trump took office

Dow Jones on Jan 4th 2008 12,800.18
Dow Jones on December 30, 2016 19,762.60

Gain of 54% while Obama was in office.

Not bad considering the economy Obama inherited.
 

TheVrolok

Lifer
Dec 11, 2000
24,254
4,077
136
Dow Jones January 8, 2016 16,346.45
Dow Jones Dec 5, 2018 25,027.07

Gain of 53% since Trump took office

Dow Jones on Jan 4th 2008 12,800.18
Dow Jones on December 30, 2016 19,762.60

Gain of 54% while Obama was in office.

Not bad considering the economy Obama inherited.
Again with the cherry picking/selective interpretation of data. Where did you find this?

Go to https://www.macrotrends.net/2481/stock-market-performance-by-president and look at the graphs yourself.
 
Jan 25, 2011
16,634
8,778
146
Dow Jones January 8, 2016 16,346.45
Dow Jones Dec 5, 2018 25,027.07

Gain of 53% since Trump took office

Dow Jones on Jan 4th 2008 12,800.18
Dow Jones on December 30, 2016 19,762.60

Gain of 54% while Obama was in office.

Not bad considering the economy Obama inherited.

Yeah. Dates. You suck at them.

Obama took office in 2009. The Dow was 7949.09 the day he took office. The day he left it was at 19827. That’s an increase of 250%.

Trump took office in 2017. The Dow was at 19827. That’s an increase of significantly less than you stated and nowhere near on pace to Obama’s.

Holy shit you’re bad at this.

Oops.

And why the random dates? It’s the goddamn Dow... you can find the number for any specific date you want.
 
Last edited:
Jan 25, 2011
16,634
8,778
146
Feb 16, 2005
14,035
5,338
136
I feel this is a strong candidate for the highly coveted self-ownage thread of the year. Slow didn't strike me as a 'long game" kinda person. More like a 'shit in your pants and blame the underwear" kinda person
That said, it's December and spidey's been pimping this bullshit for 2 months straight.
Bravo spidey, did not know you had it in you. Nearly a lock for that award, and people are saying, there's many people saying that spidey deserves it, he's earned it fair and square. For him to portray an ignorance that surpasses nearly ever other thread he's made is impressive.

You got my vote spidey.
I'd offer up a toast, but I don't drink anymore so I'll use coffee instead. Cheers, you're a shoe-in.
 
Reactions: Pohemi

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Yeah. Dates. You suck at them.

Obama took office in 2009. The Dow was 7949.09 the day he took office. The day he left it was at 19827. That’s an increase of 250%.

Trump took office in 2017. The Dow was at 19827. That’s an increase of significantly less than you stated and nowhere near on pace to Obama’s.

Holy shit you’re bad at this.

Oops.

And why the random dates? It’s the goddamn Dow... you can find the number for any specific date you want.

opps looked at the wrong year

https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

2009 year open 9,034.69
2015 year close 17,425.03

93% increase.

But yeah. I see the outrage. A 53% increase is fucking terrible over 2 years. Sucks actually.
 
Jan 25, 2011
16,634
8,778
146
Reactions: ivwshane

nickqt

Diamond Member
Jan 15, 2015
7,596
7,850
136
No. I modified my numbers. Thy re correct.
If you're going to make a comparison to try to show something, you need to make sure you're using correct numbers based on the correct dates.

Obama's Full term vs. Strongman Trump's term so far:
-Obama: January 20 2009 - January 20 2017
7,949.09 -> 19,827.25 = 249.42% Increase

-Strongman Trump: January 20 2017 - December 5 2018
19,827.25 -> 25,027.07= 126.22% Increase

Obama's term length equal to Strongman Trump's term length:
-Obama: January 20 2009 - December 3 2010
7,949.09 -> 11,382.09 143.18% increase

- Strongman Trump: January 20 2017 - December 5 2018
19,827.25 -> 25,027.07 = 126.22% increase
 
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