Liberty Tree wrote:
How is the DOW compared to when trump took office? Of course you and the other liberals look for anything negative. You want the economy to crash no matter who gets hurt just so you can blame Trump. You hate Trump more than you love America.
Well if you truly care about that, let me bring a few facts to you..
https://imagesvc.timeincapp.com/v3/mm/image?url=https%3A%2F%2Ffortunedotcom.files.wordpress.com%2F2019%2F06%2Fcomparison_trump_obama.png&w=700&q=85http://fortune.com/2019/06/03/stock-market-trump-obama-sp-500/S&P 500 Has Performed Far Worse Under Trump Than Under Obama
When it comes to talking himself up, Trump in particular has compared himself to Barack Obama. So, how do the two presidents measure up in terms of growth in major indexes, measured between their inauguration and May 31 of their third year in office?
The short answer is that Trump has quite a way to go. Under Obama, the S&P 500 grew by 56.4%. The Dow Jones Industrials Average was up 50.6% and the Nasdaq, 92.9%.
The numbers under Trump were 21.4% for the S&P 500, 25.2% for the Dow, and 34.2% for Nasdaq.
“In President Trump’s case, his very pro-business attitude unleashed some animal spirits in markets and for business leaders,” said Mark Hamrick, senior economic analyst at Bankrate.com. “But he has also been unpredictable. His decisions on trade have been negative for business sentiment and also for the real economy.”
An example of the latter was the announcement of additional tariffs on Mexico and a negative reaction by the markets. The big tool he once had to stimulate stocks—a tax cut—is already used up. “We saw the impact of 2017’s tax reform cushion the U.S. from the tariff fallout that gripped the rest of the world in 2018,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors. “Unfortunately, that transitory tax reform boost was already going to make year-over-year comparisons challenging and, now, should all the announced tariffs be fully enacted, the U.S. economy will face a $230 billion tax. This net tax increase would likely deal a fatal blow to the aging expansion, where not even the most skilled central banker could resuscitate it.”
In one way, campaigning against Obama—who can’t return to the presidency—is easy for Trump. Running against the heady growth of that stock market might end up a lot harder.