Trumps' Biggest Lie: Greatest Economy Ever

[Neonmoon 38,130]

 

[Horndog 2,293]

"From 1952 through June 2020, annualized real stock market returns under Democrats have been 10.6% compared with 4.8% for Republicans."

 

https://www.forbes.com/sites/sergeiklebnikov/2020/07/23/historical-stock-market-returns-under-every-us-president/

[Celery Man 21,076]

I'm an investor like everyone else on shaggy. Not in the big swinging dick shaggy cigar club probably but I've got a decent pile in and out of retirement. I don't follow the markets obsessively and I don't know enough about the fed and economics etc to really speak intelligently about it, but the degree to which the market is completely disconnected from reality alarms me and makes me think my shit is going to deflate massively when the chickens come home to roost.

[Neonmoon 38,130]

 

[David Dennison 19,441]

Just wait til the third quarter GDP numbers are released in the next few days.

The closing days of the campaign will be Donald Trump claiming an annual growth rate of somewhere between 25-30%, the fastest pace ever recorded.

[Brisketexan 106,618]

All of this, and it has been known since the beginning.

Shit, even the "increases" that he's taking credit for are a straight-line continuation of trends that were ongoing under Obama.  Trump got on an elevator already moving up, and then claimed credit for its continued ascent.

He's the Barry Switzer of presidents in so many ways.  Super Bowl ring and all.

[Beantown Express 2.0 6,586]

5 minutes ago, Brisketexan said:

All of this, and it has been known since the beginning.

Shit, even the "increases" that he's taking credit for are a straight-line continuation of trends that were ongoing under Obama.  Trump got on an elevator already moving up, and then claimed credit for its continued ascent.

He's the Barry Switzer of presidents in so many ways.  Super Bowl ring and all.

Not sure comparing to Switzer is correct.  Switzer was a known liar and cheater and Trump is.....hmmmm, I stand corrected.

[Brisketexan 106,618]

3 minutes ago, Beantown Express 2.0 said:

Not sure comparing to Switzer is correct.  Switzer was a known liar and cheater and Trump is.....hmmmm, I stand corrected.

It really isn't correct -- lying and cheating aside, Switzer was 10X the executive that Trump has ever been.  But the whole "inherited a successful team/economy, gets the credit" metaphor was too easy to pass up.

[yoladu 4,187]

the biggest lie?

[yoladu 4,187]

26 minutes ago, Brisketexan said:

All of this, and it has been known since the beginning.

Shit, even the "increases" that he's taking credit for are a straight-line continuation of trends that were ongoing under Obama.  Trump got on an elevator already moving up, and then claimed credit for its continued ascent.

He's the Barry Switzer of presidents in so many ways.  Super Bowl ring and all.

And that elevator, while still ascending, did deaccelerate.

(oops... I now see this graphic above was basically referenced in the clip the OP provided.)

Edited October 27, 2020 by yoladu

[Rougarou 594]

1 hour ago, Celery Man said:

I'm an investor like everyone else on shaggy. Not in the big swinging dick shaggy cigar club probably but I've got a decent pile in and out of retirement. I don't follow the markets obsessively and I don't know enough about the fed and economics etc to really speak intelligently about it, but the degree to which the market is completely disconnected from reality alarms me and makes me think my shit is going to deflate massively when the chickens come home to roost.

The story goes, a passerby in Manhattan recognized and shouted out to ole J.P., "Hey Johnny-- what's the stock market gonna do?", to which he replied, "It will fluctuate.". 

And that's about what the MBA class "Advanced Finance Management" is all about. Don't let them tell you that you didn't use the pandemic to get smarter.

[Fudge Nuggets 19,407]

What everyone fails to realize is Democrats have such a good track record of stock market gains and job growth because their Republican predecessors invariably left an economy in ruins. You have to give the Republicans some of the credit for setting an easy starting point. 

[Jiggy-Z 3,506]

More evidence.

From DCreport.org:

https://www.dcreport.org/2020/10/08/trumps-economy-was-plummeting-even-before-the-pandemic/

https://www.dcreport.org/2020/02/04/president-trumps-ho-hum-economy-in-three-graphs/

[elfenix 34,658]

is this tinfoil hats or is this total perspective vortex?

[Hugo Stiglitz 23,367]

Our collective manufactured conceptualization of “the economy” is the biggest lie. 

[Al Bundy's Napoleon Hand 13,619]

55 minutes ago, Fudge Nuggets said:

What everyone fails to realize is Democrats have such a good track record of stock market gains and job growth because their Republican predecessors invariably left an economy in ruins. You have to give the Republicans some of the credit for setting an easy starting point. 

Welp, only one way to go from here.

[Mdhorn 6,153]

It plays into DOTARDS if you repeat a lie enough times, people begin to think it's the truth.  

[WhatTheBuck 28,904]

America was already great before Trump got elected. We're less great now and it's his fault.