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Stock market performance, inauguration day plus 644 trading days, by President

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  • Stock market performance, inauguration day plus 644 trading days, by President

    I just came across some interesting statistics, giving the stock market performance (as measured by the S&P 500) during the first 644 trading days of each recent President's term (to August 12 of each President's third year in office).

    The statistics:

    +39% - Obama
    +36% - George H. W. Bush
    +29% - Clinton
    +27% - Trump
    +23% - Reagan
    -26% - George W. Bush


    Interestingly, Trump has stated that stock market performance is one of the best ways to judge his policies.

    My comment: it is clear that Trump's massive tax cut was the reason for the initial spike in US stock markets during the early months of his term, but that could only be done by increasing the government deficit to roughly $1 trillion/year. Stock markets will continue to be flat or negative, unless Trump ends his "tariff war" with the world. And if Trump feels it is necessary to have yearly budget deficits in excess of a trillion dollars, in order to artificially prop up the stock markets, then we can only imagine how high his deficits will be when the economy enters recession, which is increasingly likely to happen before the end of Trump's first term.

    https://www.cnn.com/interactive/2019...ent/index.html
    "Make America Rake Again"

  • #2
    Originally posted by reepicheep View Post
    I just came across some interesting statistics, giving the stock market performance (as measured by the S&P 500) during the first 644 trading days of each recent President's term (to August 12 of each President's third year in office).

    The statistics:

    +39% - Obama
    +36% - George H. W. Bush
    +29% - Clinton
    +27% - Trump
    +23% - Reagan
    -26% - George W. Bush


    Interestingly, Trump has stated that stock market performance is one of the best ways to judge his policies.

    My comment: it is clear that Trump's massive tax cut was the reason for the initial spike in US stock markets during the early months of his term, but that could only be done by increasing the government deficit to roughly $1 trillion/year. Stock markets will continue to be flat or negative, unless Trump ends his "tariff war" with the world. And if Trump feels it is necessary to have yearly budget deficits in excess of a trillion dollars, in order to artificially prop up the stock markets, then we can only imagine how high his deficits will be when the economy enters recession, which is increasingly likely to happen before the end of Trump's first term.

    https://www.cnn.com/interactive/2019...ent/index.html
    That's pretty interesting. I knew Obama's percentage would be high, but wasn't sure how it'd compare to Drumpf's.

    I guess if we're gonna be fair to the current white house occupant, his averaged annual deficit is probably lower than Obama's. 44 increased the national debt by much more than Drumpf is scheduled to (if we simply extend his average over the same time period as Obama), but on some level, spending to recover from a recession was necessary (or is expected).

    As opposed to deficit spending when the economy is booming, which is a stupidly Republican thing to do.
    The people whining about Democrats looking to the government to solve problems are the same ones who want the government to define marriage, criminalize abortion, slow/stop legal immigration, save farmers, create jobs, etc.

    Comment


    • #3
      Originally posted by America View Post
      on some level, spending to recover from a recession was necessary (or is expected).

      As opposed to deficit spending when the economy is booming, which is a stupidly Republican thing to do.
      I think that is the key point to understand about deficits: governments should save money when the times are good (the seven years of plenty) and spend money when the times are bad (the seven lean years).
      "Make America Rake Again"

      Comment


      • #4
        The Marxists gubment to own means of production.

        Neither troll owns stock. Stock is sold in lots of one hundred shares. Trades are placed at market or some dollar per share amount. Not a percent.

        Trump market has set many record highs. Obama knocked the market down under 7,000.

        Comment


        • #5
          The Toronto Stock index up 10% total in TEN YEARS since Obama coronation. How sick.

          Comment


          • #6
            Originally posted by reepicheep View Post
            I just came across some interesting statistics, giving the stock market performance (as measured by the S&P 500) during the first 644 trading days of each recent President's term (to August 12 of each President's third year in office).

            The statistics:

            +39% - Obama
            +36% - George H. W. Bush
            +29% - Clinton
            +27% - Trump
            +23% - Reagan
            -26% - George W. Bush


            Interestingly, Trump has stated that stock market performance is one of the best ways to judge his policies.

            My comment: it is clear that Trump's massive tax cut was the reason for the initial spike in US stock markets during the early months of his term, but that could only be done by increasing the government deficit to roughly $1 trillion/year. Stock markets will continue to be flat or negative, unless Trump ends his "tariff war" with the world. And if Trump feels it is necessary to have yearly budget deficits in excess of a trillion dollars, in order to artificially prop up the stock markets, then we can only imagine how high his deficits will be when the economy enters recession, which is increasingly likely to happen before the end of Trump's first term.

            https://www.cnn.com/interactive/2019...ent/index.html
            It seems you bias is showing heavenly. You didnít mention how Obama added nearly double the amount of debt trump added in the same time frame.

            You call trumps stock gains artificial because of defecits, thst would make the Obama stock market double artificial.

            https://www.businessinsider.com/trum...clinton-2019-2

            In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion ó $2,065,536,336,472.90 to be exact ó in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion. (The US added another $2.8 billion through February 15, the latest daily figures available.)

            That is less than the $3.46 trillion added between Obama's inauguration in January 2009 and February 11, 2011

            Comment


            • #7
              Originally posted by Simpletruther View Post

              It seems you bias is showing heavenly. You didn’t mention how Obama added nearly double the amount of debt trump added in the same time frame.

              You call trumps stock gains artificial because of defecits, thst would make the Obama stock market double artificial.

              https://www.businessinsider.com/trum...clinton-2019-2

              In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion — $2,065,536,336,472.90 to be exact — in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion. (The US added another $2.8 billion through February 15, the latest daily figures available.)

              That is less than the $3.46 trillion added between Obama's inauguration in January 2009 and February 11, 2011
              What specific policies of Obama added to the debt? In fact, the deficit declined by about 50% during his administration.

              Trump has reversed the Obama trend on the deficit, and is exploding the debt and deficit, with no plans to address this problem. A massive, unpaid-for tax cut for the rich by Trump only added to this problem.
              Reality rules, Honor the truth - in memory of Chem1st.

              Comment


              • #8
                Originally posted by vibise View Post

                What specific policies of Obama added to the debt? In fact, the deficit declined by about 50% during his administration.

                Trump has reversed the Obama trend on the deficit, and is exploding the debt and deficit, with no plans to address this problem. A massive, unpaid-for tax cut for the rich by Trump only added to this problem.
                Amusing you give Obama credit for reversing a bad trend he himself started.

                Comment


                • #9
                  Originally posted by reepicheep View Post
                  I just came across some interesting statistics, giving the stock market performance (as measured by the S&P 500) during the first 644 trading days of each recent President's term (to August 12 of each President's third year in office).

                  The statistics:

                  +39% - Obama
                  +36% - George H. W. Bush
                  +29% - Clinton
                  +27% - Trump
                  +23% - Reagan
                  -26% - George W. Bush


                  Interestingly, Trump has stated that stock market performance is one of the best ways to judge his policies.

                  My comment: it is clear that Trump's massive tax cut was the reason for the initial spike in US stock markets during the early months of his term, but that could only be done by increasing the government deficit to roughly $1 trillion/year. Stock markets will continue to be flat or negative, unless Trump ends his "tariff war" with the world. And if Trump feels it is necessary to have yearly budget deficits in excess of a trillion dollars, in order to artificially prop up the stock markets, then we can only imagine how high his deficits will be when the economy enters recession, which is increasingly likely to happen before the end of Trump's first term.

                  https://www.cnn.com/interactive/2019...ent/index.html
                  Only surprised by George H. W. Bush.

                  Trump worshipers will believe any lie fed to them. That's proven every day.

                  Comment


                  • #10
                    Originally posted by Simpletruther View Post

                    Amusing you give Obama credit for reversing a bad trend he himself started.
                    How did he start it before he was president?

                    Comment


                    • #11
                      Originally posted by backup View Post

                      Trump worshipers will believe any lie fed to them. That's proven every day.
                      Agreed.

                      There must be some Trump supporters who are educated, rational people but, honestly, I can't recall ever encountering any (either on the web, on TV, or in person).

                      Two Canadian Trump supporters I talk to are definitely educated (one has a couple of PhDs in science), but both are racist and seem to blame all their problems on non-Caucasians, immigrants, and women. They are the two scariest people I know, which is saying a lot, since another of my acquaintances (sadly, I would call him a friend) is currently serving a life term in prison for murdering his wife and in-laws.
                      "Make America Rake Again"

                      Comment


                      • #12
                        Originally posted by backup View Post

                        How did he start it before he was president?
                        The trend of explosive deficits. The . Willful ignorance of you people.

                        Comment


                        • #13
                          It turns out that the link I provided is updated every day after the markets close, so we can now compare 644 days of data with 646 days of data.

                          FIRST 644 DAYS (12% differential)
                          +39% - Obama
                          +27% - Trump

                          FIRST 646 DAYS (14% differential)
                          +39% - Obama
                          +25% - Trump


                          Quite a significant loss, for a two day period, Things are not looking good for President Trump's economic plan.

                          Perhaps Trump should raise all tariffs on China to 50% or even 100%, effective immediately, and see if that helps the markets.
                          "Make America Rake Again"

                          Comment


                          • #14
                            Originally posted by reepicheep View Post
                            Quite a significant loss, for a two day period, Things are not looking good for President Trump's economic plan.
                            If it ever existed.
                            The people whining about Democrats looking to the government to solve problems are the same ones who want the government to define marriage, criminalize abortion, slow/stop legal immigration, save farmers, create jobs, etc.

                            Comment


                            • #15
                              Originally posted by Simpletruther View Post

                              The trend of explosive deficits. The . Willful ignorance of you people.
                              gads, man

                              I''m embarrassed for your

                              Comment

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