Is Trump the source of our prosperity, think again

[Sandy Shanks]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is. Anyone thinking that Trump is responsible for any profit they may have made on their investments should take a close look at this chart and use the scanning tool provided.

Dow Jones - 10 Year Daily Chart

Notice how the stock market jumped up roughly 2,000 points after the November election. The Republican Party took control of government and Wall Street reacted in a very positive way because business leaders are generally Republican.

The important point is this. The Dow leaped ahead by 2,000 points before Trump took office on Jan. 20, 2017. He hadn't done anything yet.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 23, 2019, the Dow stood at 25,629, a net loss of 810.

As simple math has shown, any loss in principle is permanent.

So much for Trump being the source of one's prosperity.

 

[Dekster]

Trump is not responsible for your prosperity or your woes. You are. As for "the Dow" who cares. Not a lot of people comparatively speaking put their eggs in an index fund.

 

[miketx]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is. Anyone thinking that Trump is responsible for any profit they may have made on their investments should take a close look at this chart and use the scanning tool provided.

Dow Jones - 10 Year Daily Chart

Notice how the stock market jumped up roughly 2,000 points after the November election. The Republican Party took control of government and Wall Street reacted in a very positive way because business leaders are generally Republican.

The important point is this. The Dow leaped ahead by 2,000 points before Trump took office on Jan. 20, 2017. He hadn't done anything yet.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 23, 2019, the Dow stood at 25,629, a net loss of 810.

As simple math has shown, any loss in principle is permanent.

So much for Trump being the source of one's prosperity.

Business is the source, when Trump was elected he took the handcuff off them.

 

[Third Party]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is. Anyone thinking that Trump is responsible for any profit they may have made on their investments should take a close look at this chart and use the scanning tool provided.

Dow Jones - 10 Year Daily Chart

Notice how the stock market jumped up roughly 2,000 points after the November election. The Republican Party took control of government and Wall Street reacted in a very positive way because business leaders are generally Republican.

The important point is this. The Dow leaped ahead by 2,000 points before Trump took office on Jan. 20, 2017. He hadn't done anything yet.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 23, 2019, the Dow stood at 25,629, a net loss of 810.

As simple math has shown, any loss in principle is permanent.

So much for Trump being the source of one's prosperity.

That's the point-Trump's presence made the DOW jump! That's prosperity impact!

 

[Maxdeath]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is. Anyone thinking that Trump is responsible for any profit they may have made on their investments should take a close look at this chart and use the scanning tool provided.

Dow Jones - 10 Year Daily Chart

Notice how the stock market jumped up roughly 2,000 points after the November election. The Republican Party took control of government and Wall Street reacted in a very positive way because business leaders are generally Republican.

The important point is this. The Dow leaped ahead by 2,000 points before Trump took office on Jan. 20, 2017. He hadn't done anything yet.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 23, 2019, the Dow stood at 25,629, a net loss of 810.

As simple math has shown, any loss in principle is permanent.

So much for Trump being the source of one's prosperity.

I think you are failing to note that the best the stock market did before Trump took office was a little over 16,000. Even at 25,629 that is an almost 10,000 net gain. When it was 26,439 it was an even higher gain.

The funny thing is the market has always been an up and down. If you are only interested in short term profit you need to put your money in a savings account where you can get a guaranteed 1.5 to 2%.

If you look back to 2010 it was only 12,000. So you are looking at a net gain of almost 13,000 even at 25,629.

 

[Harpy Eagle]

That's the point-Trump's presence made the DOW jump! That's prosperity impact!

until they realized that he was an empty suit. A jump based on hopes has now become 570 plus days of stagnation based upon his results.

 

[Third Party]

That's the point-Trump's presence made the DOW jump! That's prosperity impact!

until they realized that he was an empty suit. A jump based on hopes has now become 570 plus days of stagnation based upon his results.

Still better than Obama

 

[Harpy Eagle]

That's the point-Trump's presence made the DOW jump! That's prosperity impact!

until they realized that he was an empty suit. A jump based on hopes has now become 570 plus days of stagnation based upon his results.

Still better than Obama

not as far as the markets are concerned. Trump's growth is below that of Obama.

Also, there was never a stretch this long under Obama where there was basically no growth in any of the markets.

 

[Third Party]

That's the point-Trump's presence made the DOW jump! That's prosperity impact!

until they realized that he was an empty suit. A jump based on hopes has now become 570 plus days of stagnation based upon his results.

Still better than Obama

not as far as the markets are concerned. Trump's growth is below that of Obama.

Also, there was never a stretch this long under Obama where there was basically no growth in any of the markets.

I made a lot of money from the market since Trump got in. People have more and better jobs than under Obama. Maybe you did not benefit, but I don;t what to tell you-get out in the real world. I don't think YOUR figures are very helpful in explaining our economic miracle.

 

[Harpy Eagle]

That's the point-Trump's presence made the DOW jump! That's prosperity impact!

until they realized that he was an empty suit. A jump based on hopes has now become 570 plus days of stagnation based upon his results.

Still better than Obama

not as far as the markets are concerned. Trump's growth is below that of Obama.

Also, there was never a stretch this long under Obama where there was basically no growth in any of the markets.

I made a lot of money from the market since Trump got in. People have more and better jobs than under Obama. Maybe you did not benefit, but I don;t what to tell you-get out in the real world. I don't think YOUR figures are very helpful in explaining our economic miracle.

There is no miracle, there is only hero/deity worship. I made money in the market under Trump also, most of it in the first 12 months. But I made more under Obama because he had better growth. My 401K grew more under Obama than under Trump so far.

The job market had been improving for 6 years when Trump took over, nothing changed in the job market, it kept moving in the same manner.

There is not one single economic indicator that changed direction under Trump, not one.

 

[Toddsterpatriot]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is. Anyone thinking that Trump is responsible for any profit they may have made on their investments should take a close look at this chart and use the scanning tool provided.

Dow Jones - 10 Year Daily Chart

Notice how the stock market jumped up roughly 2,000 points after the November election. The Republican Party took control of government and Wall Street reacted in a very positive way because business leaders are generally Republican.

The important point is this. The Dow leaped ahead by 2,000 points before Trump took office on Jan. 20, 2017. He hadn't done anything yet.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 23, 2019, the Dow stood at 25,629, a net loss of 810.

As simple math has shown, any loss in principle is permanent.

So much for Trump being the source of one's prosperity.

As simple math has shown, any loss in principle is permanent.

DURR

 

[TroglocratsRdumb]

Left Wing Economics: Your paycheck is MY paycheck

Really it's just stealing instead of working.

 

[Sandy Shanks]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is. Anyone thinking that Trump is responsible for any profit they may have made on their investments should take a close look at this chart and use the scanning tool provided.

Dow Jones - 10 Year Daily Chart

Notice how the stock market jumped up roughly 2,000 points after the November election. The Republican Party took control of government and Wall Street reacted in a very positive way because business leaders are generally Republican.

The important point is this. The Dow leaped ahead by 2,000 points before Trump took office on Jan. 20, 2017. He hadn't done anything yet.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 23, 2019, the Dow stood at 25,629, a net loss of 810.

As simple math has shown, any loss in principle is permanent.

So much for Trump being the source of one's prosperity.

A very interesting thing happened on Wall Street today.

Investor's Business Daily writes, "Dow Jones futures reversed big overnight losses, turning sharply higher Monday morning, after President Donald Trump said Beijing requested new China trade talks, in the latest abrupt shift in a China trade war that has been escalating. Beijing didn't confirm that positive turn however.

"Following Friday's big stock market declines, Trump had hiked China tariff rates late Friday."

After over 10,000 lies, after Trump imposed more harsh tariffs on China late Friday after the markets closed, after Trump's on again off again threats including the order for American businesses to leave China, Wall Street believes Trump.

After causing over a 600 point plunge on Friday, evidently all Trump has to do is say something positive and the markets will leap at the chance to improve matters. I would suppose this is because Wall Street is largely Republican, and they desperately want to believe the Republican President. Anyway, all of this is very strange.

This is just an observation. I am a Republican and an investor, and I don't care to see huge losses in the stock market. I certainly don't care to see a recession.

The problem is, Trump does not share my viewpoint. Please review the OP.

 

[Sandy Shanks]

nvestor's Business Daily writes, "Dow Jones futures reversed big overnight losses, turning sharply higher Monday morning, after President Donald Trump said Beijing requested new China trade talks, in the latest abrupt shift in a China trade war that has been escalating. Beijing didn't confirm that positive turn however.

Trump, speaking alongside French President Emmanuel Macron at a joint press conference, said he thinks Beijing wants to make a deal “very badly.”

“I’m not sure they have a choice” but to deal with the U.S., whether they want to or not, he added.

“I don’t say that as a threat.”

Earlier Monday, Trump said U.S. trade officials received overnight calls from the Chinese saying Beijing was ready to return to the negotiating table.

“China called last night our top trade people and said. ‘Let’s get back to the table,’ so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world,” Trump said.

“I think we are going to have a deal,” he added.

“Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!” Donald J. Trump, December 29, 2018.

https://www.reuters.com/article/us-...ss-on-possible-china-trade-deal-idUSKCN1OS0IL

CNBC reports, "In Beijing, Foreign Ministry spokesman Geng Shuang said he was not aware that a phone call between the two sides had taken place. And Hu Xijin, editor-in-chief of Chinese state-run newspaper the Global Times, denied that negotiators had held the phone calls Trump described.

"Asked about reports that China denied the calls took place, Trump snapped: “The Chinese are not saying that!”

"Trump reiterated that the U.S. had “numerous calls” at the highest levels with the Chinese but refused to discuss the calls."

 

[Sandy Shanks]

Before leaving for the G-7, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. Additionally, he said, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.

Trump says China sincerely wants a trade deal: 'I'm not sure they have a choice'

As Trump heads home from the G-7 meeting one thing is perfectly clear. Trump has isolated himself from the leaders of the free world.

Trump is at odds with the leadership of our allies when it comes to his burgeoning trade war with China, global recession, Russia and the G-7, climate change, Iranian nuclear deal, and trade.

For the first time since its founding 44 years ago a joint communique will not be written because the leaders cannot come up with a consensus thanks to the American President.

No doubt his base thinks this is progress. .

No doubt Vladimir Putin was pleased with Trump's performance at the G-7.

 

[LeftofLeft]

It was Obama telling US we make too much money, that energy prices must go up, that jobs are never coming back. Liberal economics.

 

[Augustine_]

America didn't even exist until Donald Trump.

 

[Sandy Shanks]

Trump's trade war with China began March 22, 2018. https://en.wikipedia.org/wiki/China–United_States_trade_war

This chart shows how serious the problem is, the problem being Trump's trade war with China. Readers should take a close look at this chart and use the scanning tool provided. It will show the stock market has been treading water for the past twenty months because of his trade war.

Dow Jones - 10 Year Daily Chart

Since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. Today, the stock market rallied (hooray!). The Dow soared 258 points to reach 26,036.

That is only 403 points shy of where we were on Jan. 29, 2018.

 

[Sandy Shanks]

Jennifer Rubin of the Washington Post writes, "Apparently, President Trump will lie about anything. He lies that his wife has gotten to know North Korea President Kim Jong Un. They’ve never met. He lies that Russia was excluded from the Group of Eight (now Group of Seven) because Vladimir Putin got the better of former president Barack Obama (and then lied that the other members agree with him); in fact, the members collectively threw Russia out for invading and occupying Ukraine. He lied that he had concluded a trade deal with Japan when in fact there was only a deal “in principle.”

"He lies about calls from Chinese officials:"

Trump claimed to have gotten two phone calls on Sunday night from high-ranking Chinese officials seeking to negotiate a trade deal. “High-level calls,” he said. Chinese government officials said Monday that they were unaware of any such calls.

Trump couldn't even get his own treasury secretary to confirm the calls. Mnuchin is no idiot. He is not going to get wrapped up in a Trump tall take.

Trump untruths included at least eight false claims in his G7 press conference, plus at least five more misleading/questionable/lacking in key context. He lives in his own little world where he is allowed to make up his own reality.

The Dow and the broader stock market finished sharply higher on Monday, reversing course from Friday's selloff caused by Presidential tweets. Trump said China wants to get back to the negotiating table, and the Dow gained 270 points.

When it became apparent that Trump lied about the phone calls, the Dow today lost 121 of those 270 points.

It is anyone's guess as to how much longer Wall Street will continue to believe Trump.

 

[Sandy Shanks]

Trump refuses to defend his policies. Trump is scared to death of the White House press corps. Trump has terminated press conferences conducted by his press secretary in the White House press room. Trump has conducted two full-fledged press conferences in two and a half years. Both were disasters, and he won't hold another. By way of contrast, by this time Obama had conducted 20 solo press conferences. Presidential News Conferences | The American Presidency Project

Trump has become the secret President.

He likes to hold news conferences with friendly reporters on the White House lawn with Marine One churning away. Although unpresidential, Trump is forced to shout his answers, and reporters' question are difficult, if not impossible, to hear.