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In reply to the discussion: When a Trump cultist points to the stock market [View all]onenote
(42,383 posts)45. You're right that the market did well under Obama, but people don't care about % increases
First, I think your math is off a bit. The Dow Jones increased from 7949 to 19827 during Obama's presidency, which is closer to a 150 percent increase than a 270 percent increase.
Second, even at 150 percent, the market increase during Obama's 8 years in office is impressive and dwarfs the 43 percent increase during Trump's presidency thus far.
But for most people it is the increase in the value of their stock portfolio in dollars, not percentage, that gets them excited. During the Obama presidency, the Dow increased by an average of 1484 points a year. So far during the Trump presidency, the Dow has increased by an average of around 2900 points per year -- nearly double the average Obama presidency increase.
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I'm getting to the point where cruelty to assholes is a "normal" response...
Wounded Bear
Jan 2020
#2
For someone to be gloating despite his own job loss etc., about the stock market is unreal ...
SWBTATTReg
Jan 2020
#24
Oh, Sweet Jesus...you have NO idea how close this hits to home in terms of
bullwinkle428
Jan 2020
#7
You're right that the market did well under Obama, but people don't care about % increases
onenote
Jan 2020
#45
I'm in Mid Ga, so we're a good bit lower than ATL. But Metro IS expensive to us!
oldsoftie
Jan 2020
#66
Friend worked for a privately held company for about 10 years, untill she got cancer.
3Hotdogs
Jan 2020
#13
You HAVE to know thats not true. Over 70% of workers are eligible to have one.
oldsoftie
Jan 2020
#57
actually, the market did only a bit better in Obama's first year than Trump's first year
onenote
Jan 2020
#46
Most people who invest in the stock market do so through 401Ks or similar arrangements
onenote
Jan 2020
#54
It's also like giving a BOGOF coupon for a fancy chain restaurant to a homeless person.
Hugin
Jan 2020
#19
trump cultists often brag about the "huge" increases in their 401Ks supposedly due to trump.
mwb970
Jan 2020
#28
My STUPID BIL tried this on Xmas and I said yeah like it's been doing for the last 10 years and
UniteFightBack
Jan 2020
#29
It's also worth rebutting their contention that Trump is awesome on stock growth.
Snarkoleptic
Jan 2020
#31