Progressives, part 3...

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  • Fri, Oct 12, 2018 11:22 AM
    posted by QuakerOats

     

     obama benefited due to the statistical anamoly created by the market crash.  Prior to his election the Dow was near 14,000 and at the end of his term around 16,500.  So during his term we got back to where we were, plus about 2,500.  This translates over 8 years to anemic 2% annualized increases, which is less than 1/5th of the normal historical returns.  What has occurred since then speaks for itself.

     

    Nah man. I'm not one to praise Obama's economy, because it was not stellar, but it was not what you describe either. 

    Just a quick search will show how wrong you are. At the end of 2008 the Dow was below 10k, not near 14k. When he left, it was around 18-19k. 

    Also, during his first 4 years, the economy was losing a shit ton of jobs per month. Then, that stopped and then we slowly started to grow to our current point. 

    Sure, it was not as fast as it should have been and the economy has not grown fast enough in certain sections, but come on man. 

    When the economy tanks like it did, it will take time to rebuild and get back to where we were before the crash of 08. Now, again, you can correctly point to Obama's later economic plan and say it did not grow the economy fast enough in the later years. 

    Also, there is the bigger point of macro economic policy to not use the Dow as a barometer for the economy. It is just one small data point. 

    Fri, Oct 12, 2018 11:33 AM

     

     

    My point is mainly that it was a lost 8 years …….we ended up only slightly higher than when the economy tanked.  Obviously the growth rates coming out of a recession were the worst ever recorded. 

    Fri, Oct 12, 2018 11:39 AM
    posted by QuakerOats

    My point is mainly that it was a lost 8 years …….we ended up only slightly higher than when the economy tanked.  Obviously the growth rates coming out of a recession were the worst ever recorded. 

    That latter point is fair, but the former one involves that recession, which was going to happen regardless of who was in office.

    EDIT: Obama was still fiscally terrible.

    Fri, Oct 12, 2018 11:41 AM
    posted by QuakerOats

     

     

    My point is mainly that it was a lost 8 years …….we ended up only slightly higher than when the economy tanked.  Obviously the growth rates coming out of a recession were the worst ever recorded. 

    Not really. If you go by the Dow (as you do now), it more than doubled over 8 years, from 8K in 2008 to 19k at end of 2016. It took about 5 years to get back to where we were at the peak of 2007 (around 13k) then and we have been going up since then. 

    Also, the bold part. Read about the history of the booms and busts during the 19th century and then get back to me...

     

    Fri, Oct 12, 2018 11:48 AM
    posted by O-Trap

    That latter point is fair, but the former one involves that recession, which was going to happen regardless of who was in office.

    EDIT: Obama was still fiscally terrible.

    And Trump isn't any better. 

    Fri, Oct 12, 2018 11:51 AM

     

     

    Obviously spending has been, and remains totally out of control for 10 years running now.

    Fri, Oct 12, 2018 12:01 PM
    posted by ptown_trojans_1

    And Trump isn't any better. 

    Agreed.

    Fri, Oct 12, 2018 12:18 PM
    posted by ptown_trojans_1

    And Trump isn't any better. 

    To be fair, spending is really on Congress.  Though obviously the POTUS could hold them accountable not rubber stamping their egregious spending.

    Repubs have controlled those purse strings for the last 4 years.  Spending is a bipartisan issue, though it's definitely worse with Dems.  I can't imagine how badly Obama & the Dems would have blown out the deficit if Repubs hadn't taken the House in 2010.

    Fri, Oct 12, 2018 12:20 PM
    posted by QuakerOats

     

     obama benefited due to the statistical anamoly created by the market crash.  Prior to his election the Dow was near 14,000 and at the end of his term around 16,500.  So during his term we got back to where we were, plus about 2,500.  This translates over 8 years to anemic 2% annualized increases, which is less than 1/5th of the normal historical returns.  What has occurred since then speaks for itself.

     

    Lol!

    so when obama’s Market shot up, it was because of a statistical anomaly that he benefited  from. When Trump’s market shot up, it’s because of change that we can [really] believe in. 

    You’re literally batshit crazy

    Fri, Oct 12, 2018 12:23 PM
    posted by SportsAndLady

    so when obama’s Market shot up, it was because of a statistical anomaly that he benefited  from. When Trump’s market shot up, it’s because of change that we can [really] believe in. 

    And when Trump's market goes down, it's a statistical anomaly AND a buying opportunity!!!

    Fri, Oct 12, 2018 12:24 PM
    posted by SportsAndLady

    You’re literally batshit crazy

    Fri, Oct 12, 2018 12:44 PM
    posted by gut

    And when Trump's market goes down, it's a statistical anomaly AND a buying opportunity!!!

    Or we need to say thank you to trump for the precious gains!

    Fri, Oct 12, 2018 3:09 PM
    posted by SportsAndLady

    Or we need to say thank you to trump for the precious gains!

    He's that guy in the weight room.

    Image result for do u even gainz bro

    Fri, Oct 12, 2018 4:18 PM


    Gotta admit, #WokeGOP is pretty entertaining. 
     

    Fri, Oct 12, 2018 4:36 PM
    posted by gut

    To be fair, spending is really on Congress.  Though obviously the POTUS could hold them accountable not rubber stamping their egregious spending.

    Repubs have controlled those purse strings for the last 4 years.  Spending is a bipartisan issue, though it's definitely worse with Dems.  I can't imagine how badly Obama & the Dems would have blown out the deficit if Repubs hadn't taken the House in 2010.

    This is a classic Gut post. Guy would never be this judicious when ranting about Obummer and finds a way to complain about how bad things might have been under Dems while giving the GOP total control of Congress and the presidency a pass for their huge military spending spree and deficits which are actually happening right now. 

    Fri, Oct 12, 2018 4:48 PM
    posted by fish82

    Gotta admit, #WokeGOP is pretty entertaining. 
     

    Saw that earlier, hilarious. Not sure when the repubs started growing balls. 

    Fri, Oct 12, 2018 4:57 PM
    posted by iclfan2

    Saw that earlier, hilarious. Not sure when the repubs started growing balls. 

    When they saw a guy with huevos but not much to actually brag about take the White House.

    If Obama was a signal to young black children that they too can become president, Trump was a signal to intensely confident idiots that they can, as well.

    So now you have (smarter) congressmen who are learning the game and playing with stones as well.

    Fri, Oct 12, 2018 5:23 PM
    posted by SportsAndLady

    Lol!

    so when obama’s Market shot up, it was because of a statistical anomaly that he benefited  from. When Trump’s market shot up, it’s because of change that we can [really] believe in. 

    You’re literally batshit crazy

     

    Even if you give obama the benefit of the doubt and the market went up 8,000 points, in 8 long years – from ridiculous recessionary lows – the market under Trump has gone up 8,000 points in just 20 months, from your spectacular obama high.  One from a recession bounce; one from real growth and real profits.

     

     

    And you missed the free 7.4% one day return today in NTNX.  Trying to help you cats.

     

    Fri, Oct 12, 2018 5:48 PM
    posted by QuakerOats

     

    Even if you give obama the benefit of the doubt and the market went up 8,000 points, in 8 long years – from ridiculous recessionary lows – the market under Trump has gone up 8,000 points in just 20 months, from your spectacular obama high.  One from a recession bounce; one from real growth and real profits.

     

     

    And you missed the free 7.4% one day return today in NTNX.  Trying to help you cats.

     

    Would you suck Donald Trump's dick?

     

    And also--NTNX is only 17% away to get back to even on the month!

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