The stock market is on pace for its worst December since the Great Depression

[Thinker101]

Thinker101, post: 2140827

Because Odumbo basically said it was his market...do try to keep up.

You are lying. Produce a quote. ‘Basically’ is a sly tool for liars. Its how I know you cannot produce a quote.

Well, I did post a link in this thread. And if all else fails, look it up...dumbass.

 

[theHawk]

Trump policy didn't really start taking effect till this year. We can see the result of that.

So which policy(s) do you feel are responsible?

All this tariff silliness is clearly quite the problem.

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

Yup, the market is in shock that they can’t freely use Chinese slave labor and shit on the environment and put American workers out of jobs just to make profit.

If you want jobs in America and higher wages, you’d be for tariffs against third world shitholes. Funny how Dems used to claim they were for this, now when it comes time to support the policy, they are against American workers.

 

[rightwinger]

All Trump had to do was leave the economy on its own and we would have been fine

His trade wars, attacks on Obamacare and tax cuts are destroying it

 

[rightwinger]

So which policy(s) do you feel are responsible?

All this tariff silliness is clearly quite the problem.

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

Yup, the market is in shock that they can’t freely use Chinese slave labor and shit on the environment and put American workers out of jobs just to make profit.

If you want jobs in America and higher wages, you’d be for tariffs against third world shitholes. Funny how Dems used to claim they were for this, now when it comes time to support the policy, they are against American workers.

China doesn’t pay the tariffs
Consumers do

 

[theHawk]

All this tariff silliness is clearly quite the problem.

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

Yup, the market is in shock that they can’t freely use Chinese slave labor and shit on the environment and put American workers out of jobs just to make profit.

If you want jobs in America and higher wages, you’d be for tariffs against third world shitholes. Funny how Dems used to claim they were for this, now when it comes time to support the policy, they are against American workers.

China doesn’t pay the tariffs
Consumers do

Only if they chose to. Companies that make their stuff in the USA will be able to compete. Do you want that or no?

 

[Thinker101]

So tired of all this winning.

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 are down 7.8 percent and 7.6 percent this month, respectively.

The stock market is on pace for its worst December since the Great Depression

Huh? So is this Obama's market or Trump's?

It was until trump and republicans passed those tax cuts for the rich and big business. Until all of trump's tariffs. Until all of the republicans and trump's deregulation of Wall Street, banking and business. Until trump and his republican congress has written two budgets.

Obama handed trump a good economy, low unemployment and lower deficits. If trump and his republican congress had not made all those changes things wouldn't be so bad and you could say it's still Obama's economy because it was still his policies.

You can't do that. You people have crowed about all the deregulation, tax cuts and those tariffs for months. You just don't realize what those changes do to our economy.

Big business didn't use that tax cut to invest in the business, not for higher wages, not to hire people. They used that tax cut to buy their own stock back. Which in the short term inflates the value of that stock. Which causes the stock market to increase. The problem with that is it's short term. In the long term it has concentrated more wealth in fewer hands. Has artificially inflated the stock value which will cause it to lower about a year or so later. Because the increase wasn't due to increased profits or innovation. It's "creative accounting" at it's worst. It's the rest of us who are hurt by all of it. Along with our nation because we have less revenues to pay the nation's bills. Don't give me any garbage about cutting spending. trump has done the exact same thing past republicans did, he slashed taxes but increased spending like a drunken sailor.

As mentioned before, the tax cuts went in about a year ago(?), while Obama was saying it was his economy a couple months ago...do try to keep up.

 

[theHawk]

All Trump had to do was leave the economy on its own and we would have been fine

His trade wars, attacks on Obamacare and tax cuts are destroying it

You keep claiming he started a trade war, yet you never acknowledge the fact that the EU and China have used tariffs on US goods for many years.

You sir, are a hypocrite.

 

[BuckToothMoron]

So tired of all this winning.

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 are down 7.8 percent and 7.6 percent this month, respectively.

The stock market is on pace for its worst December since the Great Depression

Huh? So is this Obama's market or Trump's?

Trump policy has caused the market problems. Who do you think?

You’re full of shit. What policy has caused the market problems? Oh yeah, those pesky tariffs, that’s it. Fools like you believe what you read and hear from the MSM. This market is waaay overdue for, at the very minimum, a correction. The economy is also overdue for a recession which will likely occur before 2020 election. It never ceases to amaze me how little the average person (below average in your case) understands the economy and the stock market.

 

[JWBooth]

So tired of all this winning.

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 are down 7.8 percent and 7.6 percent this month, respectively.

The stock market is on pace for its worst December since the Great Depression

The Federal Reserve's most recent bubble has burst. Simple as that.

 

[rightwinger]

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

Yup, the market is in shock that they can’t freely use Chinese slave labor and shit on the environment and put American workers out of jobs just to make profit.

If you want jobs in America and higher wages, you’d be for tariffs against third world shitholes. Funny how Dems used to claim they were for this, now when it comes time to support the policy, they are against American workers.

China doesn’t pay the tariffs
Consumers do

Only if they chose to. Companies that make their stuff in the USA will be able to compete. Do you want that or no?

Consumers will still foot the bill with higher prices

 

[rightwinger]

So tired of all this winning.

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 are down 7.8 percent and 7.6 percent this month, respectively.

The stock market is on pace for its worst December since the Great Depression

Huh? So is this Obama's market or Trump's?

Trump policy has caused the market problems. Who do you think?

You’re full of shit. What policy has caused the market problems? Oh yeah, those pesky tariffs, that’s it. Fools like you believe what you read and hear from the MSM. This market is waaay overdue for, at the very minimum, a correction. The economy is also overdue for a recession which will likely occur before 2020 election. It never ceases to amaze me how little the average person (below average in your case) understands the economy and the stock market.

Trumps policies are leading us to that recession

 

[theHawk]

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

Yup, the market is in shock that they can’t freely use Chinese slave labor and shit on the environment and put American workers out of jobs just to make profit.

If you want jobs in America and higher wages, you’d be for tariffs against third world shitholes. Funny how Dems used to claim they were for this, now when it comes time to support the policy, they are against American workers.

China doesn’t pay the tariffs
Consumers do

Only if they chose to. Companies that make their stuff in the USA will be able to compete. Do you want that or no?

Consumers will still foot the bill with higher prices

Yea, the price you have to pay for not using slave labor.

We know where you would had stood in 1861.

 

[ColonelAngus]

IS this Obama's fault?

I can't keep track.

Liberals, give me a ruling on this.

Is it anything good that happens is because of Obama and anything bad that happens is because of Trump?

 

[McRocket]

We are but one player in a global economy, which no one sitting potus can turn on a dime.

What any one potus /congress does do is create economic legislation

Said legalese takes time to manifest , or come to any relevant fruition

The examples are endless, ergo any reference to the "_______potus economy" has to include factors w/variables fermenting far before they held office


~S~

In this case, not true.

If Trump announced today that the trade war was over and he was reversing all the (moronic) tariffs that he ALONE enacted...the markets would boom.

At least for a little while.

Plus, if he had been smart enough to appoint a Fed Chair and Vice-Chair who actually did what he wanted, the Fed would announce that rate hikes will end for the foreseeable future (not that I think that would be a good thing for America's long term, macroeconomic health).

And that would send markets booming as well.

So, you see, Trump IS in control of these equity markets (theoretically)...in the short to medium term, anyway.

 

[The Original Tree]

The Obama Economy is going down the shitter!

 

[McRocket]

Trump policy didn't really start taking effect till this year. We can see the result of that.

So which policy(s) do you feel are responsible?

All this tariff silliness is clearly quite the problem.

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

True, but I think the Fed raising rates has a lot to do with it as well...but Trump appointed the Fed Chair and Vice Chair. So he could have slowed the rate rises down if he had not been so dumb as to appoint people he had no control over (not that I think the rate rises are bad...but they do hurt in the short term).

But the tariffs were a moronic idea that have done NOTHING but bad things for the economy - raised prices, cost more jobs then they created, wreaked havoc with the markets and actually raised the trade deficit.

 

[Claudette]

my god souplines must be everywhere

LMAO

Since I don't play the market I really don't care how the SM is doing.

The economy is doing great and that's what I care about.

 

[Brain357]

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

Yup, the market is in shock that they can’t freely use Chinese slave labor and shit on the environment and put American workers out of jobs just to make profit.

If you want jobs in America and higher wages, you’d be for tariffs against third world shitholes. Funny how Dems used to claim they were for this, now when it comes time to support the policy, they are against American workers.

China doesn’t pay the tariffs
Consumers do

Only if they chose to. Companies that make their stuff in the USA will be able to compete. Do you want that or no?

No signs of that happening. If it moves it will be to other countries with cheap labor.

 

[theHawk]

So which policy(s) do you feel are responsible?

All this tariff silliness is clearly quite the problem.

Prove it. The biggest losers in the stock market are big tech, because they are overrated, and manufacturing companies that outsourced overseas.

It was doing fine till trump policy really kicked in.

At the end of his first year, Trump got his tax cut passed
Then he started trade wars with the rest of the world

Market has been in shock ever since

True, but I think the Fed raising rates has a lot to do with it as well...but Trump appointed the Fed Chair and Vice Chair. So he could have slowed the rate rises down if he had not been so dumb as to appoint people he had no control over (not that I think the rate rises are bad...but they do hurt in the short term).

But the tariffs were a moronic idea that have done NOTHING but bad things for the economy - raised prices, cost more jobs then they created, wreaked havoc with the markets and actually raised the trade deficit.

Yet tariffs work great for the EU, China, and many other countries. Funny how it’s only when President Trump does it when it becomes “moronic”.

Tariffs are a proven good policy to protect jobs in your country. But “Orange man bad”.

 

[Dragonlady]

Leftists always cheering for low stock market.

Last year's Trump record of having the stock market up for every month of the year must have hurt like hell.

Leftists cheer when stock market goes down now. Righties cheered when stock markets went down under Obama.

So what? It's called partisan politics.

Are you just waking up to this?

The markets didn't go down under Obama. Obama's stock market was an unbroken line going up. He never even had a "correction". Markets thrive in steady stewardship and stability and Obama provided that.

Conversely, erratic behaviour and an inability to discern domestic policy, upsets the markets and people look for safer places to put their money. Trump's trade war has done just that.