oldsoul
Gold Member
So, what you're saying is that Obama's policies took up to eight years to finally be having their intended effect, but Trump's are having their effect virtually overnight. Seems legit... I guess that just proves that Obama really was the lesser leader. I mean by your own words he took far longer to have an effect on the economy. Heck, he didn't have full effect until he was out of office. Yet, Trump, in less than 90 days has had effect. I wonder what the next few years will bring.....Right now our political leadership is failing us in both parties. Maybe that changes, cuz if it doesn't I think hard times are a comin'. The path we're on right now is not sustainable, and the problems we have are going to worsen IMHO.
The positive things that Obama did for the economy are in full throttle now. Unemployment is now low enough that the competition for good workers is starting to drive wages up. But Trump's economic missteps are starting to take a toll.
The markets were initially buoyed at the thought of deregulation and tax cuts, but with the failure of the repeal and replace of the ACA, and tax reform falling behind schedule, with rumours that there is no plan yet.
Rumours of infighting amongst White House staff are further eroding market confidence, as is the Syrian attack. This appears to be a President who flies by the seat of his pants on every decision. Even his staff don't know what he's doing. This is not something which inspires confidence in the markets which count on peace and stability for businesses to thrive.