Well....since the explicit cause for this sudden drop in the stock market is because of Trump's Trade war- it absolutely matters in this case who is sitting in the White House.
How ignorant are you? Oh wait- you already told us.
Just relax, a poll of CEO's around the world found over 50% of CEO's are optimistic. That's the first time its ever been over 50%, the best Obama could muster was 33%.
Actually it is not surprising- Trump's tax policies have been great for CEO's and corporations.
I bet that poll took place before this latest round of Trade Wars was slapped down last Friday- and Trump's threats of 10% on 200 billion dollars of Chinese imports.
I actually will be thrilled if Trump manages to preserve our growing economy without ******* it up with the Trade Wars.
I'm feeding you FACTS that prove your anti Trump rhetoric doesn't hold water.
The 'fact' you provided was a vague reference to an uncited poll.
The fact is that this week the stock market has gone off the cliff- in direct response to the Trade War.
Otherwise the economy is doing really well- the growth that started under Obama continues, and the Trump tax policies have been embraced by business's.
Like I said- I only hope Trump doesn't **** it up with his Trade War.
That is certainly what the stock market is worried about.
Its a well respected poll that's conducted globally each year. Sorry it bursts your anti Trump bubble.
Here Blues I'll help you out ,,,,A DOUBLE
Where was the Dow Jones when Obama took office?
By
Leslie Kramer | Updated January 9, 2018 — 9:18 AM EST
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A:
When President Obama took office on Jan. 20, 2009, the
Dow Jones Industrial Average (DJIA) slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation. The
S&P 500 and the
Nasdaq took similar hits, dropping 5.3 and 5.8 percent, respectively, and fourth quarter earnings reports were on track to drop more than 20 percent over the previous year's figures. Bank stocks in particular were hit quite hard, with the sector in general declining by 30 percent. Bank of America Corp. dropped 29 percent, and Citigroup Inc. sank a comparatively gentle 20 percent.
While the economic backslide may have seemed to indicate that the America public was less than confident in their newly elected leader, the dip was, instead, widely credited to a continued lack of confidence in the failing economy left behind by the previous administration. Under former President Bush, the stock market took a 2.3 percent fall on an
annualized basis, reflecting the 1 percent increase achieved during his first four years and the 5.5 percent decline suffered during his second term. If nothing else, the historic lows of the Bush administration and the shaky beginnings of the Obama years definitely indicate an economy in flux.
Good news, however, was not too long in coming. Despite its inauspicious economic beginnings, the Obama administration has overseen an impressive upswing in the stock market. As of the end of Obama's term on January 20, 2017, the
Dow Jones had more than recovered from its January 2009
slump, resting nicely at 19,732.40 for the day, more than double what it was on inauguration day. More importantly, it had maintained a healthy range of 15,660 and 19,974 in 2016. Though there have been intermittent downturns, the Dow's general upward trend speaks well for the Obama administration's efforts at
economic recovery.
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Where was the Dow Jones when Obama took office? | Investopedia Where was the Dow Jones when Obama took office?
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