Who said Presidents cannot influence the economy?
In gamble, Trump team embraces stock market surge
- Thread starter Tsing Tao
- Start date
Who said Presidents cannot influence the economy?
In this sense, Odumbo had the good fortune of entering office at a big low following a big bear market... that and the Fed mashing the gas about as fast as they could. Odumbo had nothing to do with it.
Odumbo's "roll" in the market rally was $10 TRILLION is deficit spending... from which we may never recover.
My point was that during the Obama administration, Obama and the left touted the success of Obama driving the market, and it wasn't him - it was the Fed and liquidity. And the right pointed that out. Now that it's Trump who is in office, Trump is suddenly responsible for the rally (according to Trump and the right) and that's horseshit. It's still about the Fed and liquidity.
IMV, market rallied on "Trump hopium". It does that sort of thing sometimes. Reality to follow.
read below
The right refused to give Obama credit for the market rally we've had for 8 years saying presidents have little impact over the economy. Yet using that argument means wrongfully admitting that the policies they set forth (bank bailouts, auto industry bailouts, health care reform, drug pricing restrictions, etc....) have no effect on the economy.
You're kinda reaching with that. The market rally was primarily driven by Federal Reserve monetary policy, both then and now. Neither President was truly responsible for the market rallies, though it is possible they can be responsible for short term bursts or market crashes. This market, is driven by Fed policy.
That has nothing to do with the fact that Presidents can and do have control over the economy. The stock market isn't always reflective of the economy. The current market is a perfect example.
Correct. Odumbo doesn't deserve "credit for the rally". Any president at that time had to do the same and with the Fed mashing the gas, the result would have been the same regardless.
Odumbo's "claim to fame" (rather infamous one history will confirm) was saddling us with an additional $10T in debt.
You, sir, apparently need a "blinker-ectomy".
Odumbo's "claim to fame" (rather infamous one history will confirm) was saddling us with an additional $10T in debt.
You, sir, apparently need a "blinker-ectomy".
I need a blinker-ectomy? Please explain what that is, and then tell me why I need it.
The fed went full lunatic to prop up obama, and they're signaling they're unlikely to do it for Trump. Plus after eight years it's also pretty unlikely we can get through another whole pres admin without a recession. That's when the rubber meets the road. Will the polls turn on trump if there's a full fledged downturn/crisis. Then the wishy washy republicans in congress turn on trump.
The best hope is that the problem originates someplace else. Like maybe the euro banks. Italian banks. Then the public may see Trump as a victim of circumstances and not the problem. I think that's what trumpers need to hope for.
The best hope is that the problem originates someplace else. Like maybe the euro banks. Italian banks. Then the public may see Trump as a victim of circumstances and not the problem. I think that's what trumpers need to hope for.
That post was meant as a reply to H4M. Just as I was posting it, I got a message of "recent posts made in this thread". Yours got slipped in between H4M's and mine so it looks like I was responding to you. LOL!
"Blinkers" are partial eye coverings for race horses so they can see only a "narrow view"... because they get "spooked" when they see things from the side. You know, like the Lefties get spooked when confronted with the truth/facts.
(I don't know why I haven't put H4M "ON IGNORE" already...)