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Sat Jan 11, 2020, 01:57 PM

How's your 409(k) doing?

Two days ago, BLOTUS boasted about growth in 409K's. Sure it was a typo and he meant 401(K), but he seems to be in mental decline, so lets compare Obama vs. Trump growth rates.
Of course, it's worth pointing out that the richest 1% own 50% of US stocks and to expand the view, the richest 10% own 84% of US stocks.
These facts don't stop garden variety broke-as-fuck trumpanzees from crowing about tRump's superior performance, so let's do the math.

Obama vs. Trump - first 35 months in office** The start/stop data are laid out down below, for those interested

Obama Dow +52.3% <<Clear advantage
Trump Dow +43.5%

Obama S&P 500 +54.2% <<Clear advantage
Trump S&P 500 +41.8%

Obama NASDAQ +80.7% <<Clear advantage
Trump NASDAQ +60.6%

There are 3 standard response you'll get from Trumpists.
1) No!, Fake News, or some such fact-averse push back. (I always challenge them to research it and try to debunk - they can't do it!)
2) Obama became POTUS during an economic downturn (Congrats for recognizing that Obama pulled us out of the 2nd Republican Great Depression - without help from R's)
3) Trump grew it by more points! (Upon which I direct them to the following article. Math=Hard)
https://finance.zacks.com/stock-market-points-vs-percent-6029.html
Percent Math

The designated number of points divided into the value of the underlying stock or index price produces a percentage change. If IBM is up 5 points from $100 per share, that means that it's up $5, and the stock gained 5 percent. If the S&P 500 is up 5 points from 1,420, the stock index gained 0.35 percent. Percentages of change are always calculated from the starting value. Using the percent change makes comparisons understandable. For example, if the Dow is up 130 points from a starting value of 13,180 for the day, and the S&P 500 has gained just 14 points from a starting point of 1,420, both stock indexes are up about 1 percent.

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**Here's the math, pulled directly from Yahoo Finance data, in case someone challenges these #'s. (sorry about the wonky formatting)
Obama inauguration 1/20/2009 thru 12/20/2011

Dow..... (1/20/2009 7949) (12/20/2011 12104) (Point Var. 4155) (Pct. Var. 52.27%)
S&P 500 (1/20/2009 805) (12/20/2011 1241) (Point Var 436) (Pct. Var. 54.16%)
NASDAQ (1/20/2009 1441) (12/20/2011 2604) (Point Var. 1163) (Pct. Var. 80.71%)


Trump inauguration 1/20/2017 thru 12/20/2019

Dow..... (1/20/2017 19827) (12/20/2019 28455) (Point Var. 8628) (Pct. Var. 43.52%)
S&P 500 (1/20/2017 2271) (12/20/2019 3221) (Point Var. 950) (Pct. Var.41.83%)
NASDAQ (1/20/2017 5555) (12/20/2019 8924) (Point Var. 3369) (Pct. Var.60.65%)

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Reply How's your 409(k) doing? (Original post)
Snarkoleptic Jan 2020 OP
Stargleamer Jan 2020 #1
obnoxiousdrunk Jan 2020 #2
AJT Jan 2020 #3
Yavin4 Jan 2020 #4

Response to Snarkoleptic (Original post)

Sat Jan 11, 2020, 02:12 PM

1. This article tries to explain why conservatives believe in lies despite the evidence

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Response to Snarkoleptic (Original post)

Sat Jan 11, 2020, 02:19 PM

2. In 2016 the

median household income of a Trumpanzee was $72,000. If that is broke as fuck I'll take it ...

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Response to Snarkoleptic (Original post)

Sat Jan 11, 2020, 02:51 PM

3. My 409k is cleaning up.

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Response to Snarkoleptic (Original post)

Sat Jan 11, 2020, 02:55 PM

4. The markets are up because the Fed kept interest rates low during Trump's presidency.

The Fed works for the 1%, and they need Trump re-elected to protect those tax cuts. There's no rationale for keeping rates this low. None. Rates should be at 4% at mininum.

If Hillary had won in 2016, rates would be at 6.5%.

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