And your response means what?
Be clear dude.
What are you suggesting about OZ?
This is the real world, not your lunatic alternate reality where President Trump is “continuing” Hussein era policies, and where you are anything but a raging TDS lunatic.
I truly don't respect ANYTHING you say dotard.
You have a Durham Avi, and what has Durham done for you?
How about you argue the Moscow Project.
Check the new post.
Trump is Russia deep.
“Durham”?
“Trump is Russia”.
Thanks for proving my last post. Gawd it’s scary to think lunatics like you are walking the streets.
Obama takes the DOW to 6600 and he gets the Nobel?
Actually, that's what it bottomed out at from Bush's Great Recession in little over a month after Obama entered office. It ended up about 19800 when Obama left office.
That's a 200% increase.
When comparing the Dow Jones index under Obama and Trump, I see a lot of numbers thrown around by people on both sides that don't really paint a complete picture. On the one hand, there's a lot of talk right now about the Dow reaching its highest number to date. On the other side, Democrats have been quick to diminish the significance of the gains since Trump took office by making the argument you made above.
While it's true that the Dow dropped close to 7,000 in Feb-March 2009, comparing the movement of the index from Jan 2009 to Jan 2017 during Obama's two terms (the oft cited "200% increase") to the movement from Jan 2017 to the present under Trump is not an apples to apples comparison.
The following factors need to be taken into account in order to compare the relative movement of the index:
- First, the Dow's historical high point prior to Obama taking office was approximately 14,000, which occurred during the 3rd Qtr of 2007 -- remaining there basically through the end of 2007 -- until the markets went bearish to kick off 2008 due to the real estate crisis (notably, the Dow dropped 1,000 points in just the first two weeks of 2008).
- The market rebounded pretty quickly from the low point in March 2009, with the Dow climbing to about 11,000 within a year (March 2010). The Dow fluctuated for the next 20 months or so, climbing up to 13,000 in mid-2011, then dropping back to 11,000 in November 2011.
- The Dow returned to its previous record high of 14,000 in Jan-Feb 2013 (the start of Obama's second term), and reached a high of approx 19,800 in January 2017 when Trump was inaugurated.
- The increase between Jan 2013 to Jan 2017 from the Dow's previous high (14,000) to the high when Obama left office/Trump was inaugurated (19,800) -- was an increase of 5,800 points -- 29% of the Dow's total points as of that date.
Interestingly, because the Dow first returned to its former record high right at the start of Obama's second term, that benchmark lines up almost perfectly to define the Dow's movement in each of Obama's two terms. In other words, during his first term (Jan 2009 to Jan 2013) the Dow recovered. During his second term (Jan 2013 to Jan 2017), the Dow gained.
By comparison -- although based on incomplete data because a full term hasn't been completed -- the Dow's upward trajectory since January 2017 has climbed from the prior record high (19,800) to the new record high (29,300 currently). That's an increase of 9,500 points -- or 32% of the Dow's total points -- in 3 years.
The Dow's movement during Trump's current term won't be an apples to apples comparison to the high-to-high gain during Obama's 2013-2017 term until the end of the current term in Jan 2021. Obviously the Dow could do one of 3 things by then. It could increase, it could decrease, or it could end up right where it is now. If it continues to increase proportionally, it would represent a gain amounting to 40% of the Dow's total points. But anything can happen. However, if we compare the identical time period (from Jan 2013 to today's date in 2016), the Dow was at approx. 16,000, an increase of 2,000 points during the exact same time period to the date. However, that's a difficult comparison, as the market was crashing at this same point in 2016, having dropped 2,000 points between Dec 29, 2015 and Jan 20, 2016.
With all of that said, I'm in no way suggesting that all movement in the financial market indices is attributable to the President at that time. There is no question that actions by the executive can have a profound impact on the financial market, but anyone who understands the machinations that drive the indices knows that the market does not move tit-for-tat with the acts of the President, so take all of this stuff for what it's worth.
