DOW hit's + 5000 in one year under Trump , never before seen !

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  1. ahorseback profile image76
    ahorsebackposted 8 months ago

    But the media ignores the record economic boosts from less than one year in office ?

    1. jackclee lm profile image82
      jackclee lmposted 8 months agoin reply to this

      The American people knows better. The media can only play interference for so long. Sooner or later, they will come around. When the people get their 401K statements at the end of the year, they will jump for joy and go out and spend and thank Trump for this recovery.

      1. ptosis profile image72
        ptosisposted 8 months agoin reply to this

        What’s behind the Dow’s stunning rise to 22,000?
        The surprisingly persistent gains this year have come courtesy of robust profits at big companies.
        So why the GOP tax cut plan?

        1. ahorseback profile image76
          ahorsebackposted 8 months agoin reply to this

          To further increase the wealth of the little guy's liberties against Obama's big guy liberties , entitlement liberties , bigger government liberties of course .
          And the left still wages war for a nanny state .

          1. ptosis profile image72
            ptosisposted 8 months agoin reply to this

            Your post seems to be a completely disconnected and has nothing to do with what I posted. Such a nonsensical Tourette syndrome post that you just performed means nothing.

            1. ahorseback profile image76
              ahorsebackposted 8 months agoin reply to this

              So you really don't get why this economy is improved under Trump's business  confidence #s ?
              There's a huge surprise .

        2. jackclee lm profile image82
          jackclee lmposted 8 months agoin reply to this

          You are missing the point. The reason the stock market is hitting new highs is because of the anticipated tax reductions on business. Your argument is only valid if this would have happened even if Hillary was elected... do you honestly believe that to be the case?

          The Trump effect is real.
          People are more confident going forward. The consumer confidence is rising.
          The GDP is rising.
          Manufacturing jobs are being created...

          The tax cut is needed to keep the economic growth coming.
          It is also needed to level the playing field. Our tax laws are too complicated.
          The increased standard deduction along with the smaller number of tax brackets will go a long way to reduce tax complexity. More people will be able to file the short form 1040.

          The growth over the next few years of GDP will be our way to grow out of our huge debt.

          1. ahorseback profile image76
            ahorsebackposted 8 months agoin reply to this

            Have to remember Jack,  The left wouldn't admit economic success if Trump wrote a check to each of  them !  What has their party EVER shown at economic revenue increases  but higher taxation and more entitlement spending .

            The left ,A perpetual cycle of tax and spend !

            1. ptosis profile image72
              ptosisposted 8 months agoin reply to this

              ahorseback, a perpetual cycle of spewing hateful lies - never changes.

              1. ahorseback profile image76
                ahorsebackposted 8 months agoin reply to this

                The truth really bothers some people .

                1. ptosis profile image72
                  ptosisposted 8 months agoin reply to this

                  So does a cactus burr or a goathead.

    2. crankalicious profile image93
      crankaliciousposted 8 months agoin reply to this

      I would just like to confirm that both you, ahorseback, and Jack, believe that a rise in the stock market is a measure of presidential success?

      1. ahorseback profile image76
        ahorsebackposted 8 months agoin reply to this

        It's  been said again and again , You on the left all ignore ALL the indicators of Trumps economic success'  IN ONE YEAR , just to play your immature obstruction games , look at all the indicators and economic gains ,

        While every positive economic flag in the book waves in your faces , you're still stuck in the Putin is a" big bag wolf" phase of  political immaturity .Fact is ,look at unemployment numbers ,  corporate spending and investing , the Dow , the S&Ps,
        retirement stocks and bonds ,   look at your tax returns next year , look at the 17 year low in even Black unemployment figures released today . The GDPs ..........

        Every economic sign is booming and all you're concentrated on apparently , is what ? Your Hilary guilt and Trump hatred ,  come on people ........time to let it go.

        1. crankalicious profile image93
          crankaliciousposted 8 months agoin reply to this

          I said nothing about any of the things that you responded with. I asked a pretty simple question: do you believe that stock market gains are a measure of presidential success?

      2. jackclee lm profile image82
        jackclee lmposted 8 months agoin reply to this

        Yes, indirectly. It is a leading indicator. It shows that the people have confidence in a growing economy and they expect companies to show higher profits...
        Trump is causing this by his deregulations and tax reform both of which will help businesses invest...
        There is no guarantees.. It is quite possible that the deficits could grow and cause a recession. As interest rates go up, our service of the debt increases. This will add to our high deficits. The only hope is for the GDP growth to offset some of this deficit.

        1. Randy Godwin profile image92
          Randy Godwinposted 8 months agoin reply to this

          Every Conservative presidency causes a recession, Jack. Where was the economy at when Dubya left office?  Dare you look there? tongue

          1. jackclee lm profile image82
            jackclee lmposted 8 months agoin reply to this

            George W Bush was not a true Conservative...

            1. Randy Godwin profile image92
              Randy Godwinposted 8 months agoin reply to this

              So you refuse to answer again, Jack? lol I could claim Obama and Hillary weren't true Liberals if you want to play that game. tongue

              1. jackclee lm profile image82
                jackclee lmposted 8 months agoin reply to this

                You can claim whatever you want but it does not make it true.

                1. ahorseback profile image76
                  ahorsebackposted 8 months agoin reply to this

                  Morning Jack ,  There are those on the left and I suppose some of the right too , who will gladly "Go down with the Ship " of ideology rather than admit it when economic success slaps them in the face , They ,who are so full of the opposing ideology and it's" Group Thought " ,would rather actually suffer through a entirely phony set of rules , than to admit that someone understands the economy better than the academic  brilliance that the left spews .

                  It must truly emotionally hurt them to admit success of the Trump economics team.

                  1. crankalicious profile image93
                    crankaliciousposted 8 months agoin reply to this

                    I completely agree that the economy is doing well. Most analysts will tell you that, throughout history, the economy of the first year of a new president is credited to his predecessor mostly.

                    For instance, was the economy in Obama's first year his responsibility or his predecessor's? If you're actually cynical enough to say Obama was responsible for the economy the day he stepped into the White House, then your analytical skills need work and there's no basis for any further discussion of how the economy works.

                    But I will say that there is a Trump effect and that he gets credit for creating a pro-business environment that his elevated the stock market. Remember though, Bush did the same thing, he deregulated, deregulated, deregulated, and it caused a pretty massive economic meltdown.

                2. Randy Godwin profile image92
                  Randy Godwinposted 8 months agoin reply to this

                  Still no answer from Jack on the Dubya query. Like horse and colorful, he likes to opine but doesn't like questions about his opinions. lol

                  1. ptosis profile image72
                    ptosisposted 8 months agoin reply to this

                    Ditto for POTUS45, where's that video ... (just one of many)

                    "President Donald Trump cuts an interview with CBS anchor John Dickerson short after being asked about his claim that former President Barack Obama wiretapped his campaign"

                    goto 7:39, the man-child pretends he's reading 'documents' that  are probably plain piece of paper!
                    http://variety.com/2017/tv/news/trump-c … 2404816/#!

                    "I don't stand by anything." - POTUS45

            2. crankalicious profile image93
              crankaliciousposted 8 months agoin reply to this

              George W. Bush wasn't a true conservative, but Donald Trump is?

          2. ptosis profile image72
            ptosisposted 8 months agoin reply to this

            I didn't put Obama in the mix because inheriting 2 wars skews the results.

            https://usercontent2.hubstatic.com/13830179_f1024.jpg

            Here is O included, please remember most countries don't even survive 2 war fronts as the US did with Afghanistan and Iraq decades war.

            https://usercontent2.hubstatic.com/13830181.jpg

            Who created more debt? Bush43 or O44?

            https://usercontent2.hubstatic.com/13830185.png


            https://usercontent1.hubstatic.com/13830186.png

        2. crankalicious profile image93
          crankaliciousposted 8 months agoin reply to this

          Then, by your own statements, President Obama was a massive success given the increases in the stock market under his leadership. And I ask you again, how much did your family's wealth increase under Obama.

          And I'll point out, this is not about how I measure presidential success, but about how you measure it.

          I suspect you will respond with some explanation about how Obama does not get credit for the stock market increases under his presidency, but that Trump does.

  2. PrettyPanther profile image85
    PrettyPantherposted 8 months ago

    It's heading for collapse next year. Just letting you know so you can get out before it does.

    Google it.

    1. jackclee lm profile image82
      jackclee lmposted 8 months agoin reply to this

      The experts have been predicting a stock market crash for 2 years...and counting.
      The problem is no one knows when it will occur and when it does, don’t panic. As long as you don’t sell, it will usually recover after 1 or 2 years. Just make sure you have enouh cash to carry you for that period.

      1. crankalicious profile image93
        crankaliciousposted 8 months agoin reply to this

        So just checking, a rise in the stock market is a significant measure of presidential success?

  3. Kathleen Cochran profile image81
    Kathleen Cochranposted 8 months ago

    While those folks are celebrating their stock portfolios, I hope they don't lose their health care or have their taxes raised because that is the cost of what Trump has done for you.

  4. ptosis profile image72
    ptosisposted 8 months ago

    @HorseBack, the GOP is responsible for 75% of the national debt, starting trillion dollar wars and lining their pockets with taxpayer funds. They probably will do it AGAIN, today, if they pass the tax bill. Look for another economic collapse next year.

    1. ahorseback profile image76
      ahorsebackposted 8 months agoin reply to this

      Obama spent more than all previous presidents combined and you offer that ?

  5. PrettyPanther profile image85
    PrettyPantherposted 8 months ago

    Right up until Obama left office, the GOP claimed the numbers indicating an Obama recovery were not "real" indicators. Trump has been in office for less than a year and gets credit for the economy from the Trumpeters, despite having done nothing yet that could legitimately account for this "booming Trump economy."

    So, when the recession hits one to three years after the tax cuts take effect, will Trump and his supporters take responsibility for it? I'm guessing no. It will be yet another cycle of Repubs tanking the economy and a Democratic president saving it.

    If I'm wrong? I'll be thrilled. But, I doubt that I am wrong.

    1. ahorseback profile image76
      ahorsebackposted 8 months agoin reply to this

      Fewer of Obama's overall numbers showed progress ,  Look at the recent release of black unemployment numbers , forget where I saw it 17% ,  reportedly a seventeen year low  Credence ?  I don't know that I ever heard  from the Obama left  that number once.  Black youths unemployment for the Obama era ,  50 ish % ?

      If a recession of any magnitude hits , anything but wall street's , I'll be the first to admit Trumps economy didn't work. The economy cyclically  belongs to Wall street or the remainder of the corporate , business  , energy world , that's the way it usually goes .  The economy is never simple.

 
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