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That's a big part of it. Bush II took over when stocks were at their all-time highs in valuation. Obama is taking over when stocks look cheap. That's the main reason why stocks will do better under Obama than under Bush, which has nothing to do with either man.
This site is retarted, since I have to have a post count of 15 before I can link another site
Hteeteepee://bigpicture.typepad.com/comments/2005/12/chart_of_the_we.html
This site is retarted, since I have to have a post count of 15 before I can link another site
Hteeteepee://bigpicture.typepad.com/comments/2005/12/chart_of_the_we.html
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More to do with timing than anything else. FDR had the benefit of taking over after the Hoover crashes so he started very low. Same with Clinton. Clinton inherited a recession and sat in office during the tech boom and was gone by the time that bubble popped during Bush's first term. Likewise, Reagan started out with a depressed market after the woeful 1970's, and an early 1980's deep recession then presided over steady growth the next six years.
Timing is everything.
The first two years of the Obama Presidency was the best first two years of any President since FDR.
If this is Socialism, call me Comrade | Global Macro Monitor
This is NOT an endorsement of Obama's policies, or to say that the Democrats and Nancy Pelosi et. al. are good for the stock market. Rather, it is a refutation of conservative critics who said that things would be bad because of Obama's policies, at least for the stock market.
The first two years of the Obama Presidency was the best first two years of any President since FDR.
If this is Socialism, call me Comrade | Global Macro Monitor
This is NOT an endorsement of Obama's policies, or to say that the Democrats and Nancy Pelosi et. al. are good for the stock market. Rather, it is a refutation of conservative critics who said that things would be bad because of Obama's policies, at least for the stock market.
The first 8 months of any president's term, they rely on the budget of the previous president. They may get sworn in near the beginning of the year, but their budget doesn't go into effect until October.
That means, on the last day of Clinton's budget, unemployment was 4.9%. On the last day of George Bush's budget, the unemployment rate was 10.1%.
Republicans hate government. They are so positive government should fail, they make sure it "fails".
The presidunce has little to do with this.
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They did the same thing between 2002 and 2008. In fact they did the same thing since 1978: 401(k) - Wikipedia, the free encyclopedia