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BIDENOMICS
Jan 23, 2024 14:21:29 GMT -5
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Post by dragonbait on Jan 23, 2024 14:21:29 GMT -5
Tell me again who's better for the economy? The Dow topped 38k first time ever. Oil and gas production/exports is at an all-time high. Inflation is falling faster than Trump walking down a ramp. Low unemployment. Infrastructure projects in every state
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Post by deepdropper on Jan 23, 2024 14:25:31 GMT -5
If the economy is so bad then why is Trump hoping it tanks to help him get re-elected? Can't be both
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Post by nuevowavo on Jan 23, 2024 14:47:46 GMT -5
Trump in his 4 years had 126 new all-time highs I do not know why you think that would be a bragging point for Biden. Save this thread for Nov. 2024 and let me know how many new highs were recorded. Some fun facts. Spin them as you wish:
S & P 500 hit 68 new highs in Biden's 1st year. It was up 25% in that period. Trump had 61 new highs his 1st year.
Obama's 1st year the S & P was up 31%, vs. Trump's 1st year gain of 18%
Trump had the advantage of piggybacking on Obama's huge bull market. Biden had the bad luck to be President during the Fed's tightening moves starting in '22. But it could be said that the market's performance under Biden was more impressive, having reached a new high coming out of that bear market.
Not that any of them had a major effect on the market, and it's certainly not a reason to vote for anyone.
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Post by biminitwisted on Jan 23, 2024 14:51:59 GMT -5
Trump in his 4 years had 126 new all-time highs I do not know why you think that would be a bragging point for Biden. Save this thread for Nov. 2024 and let me know how many new highs were recorded. Some fun facts. Spin them as you wish:
S & P 500 hit 68 new highs in Biden's 1st year. It was up 25% in that period. Trump had 61 new highs his 1st year.
Obama's 1st year the S & P was up 31%, vs. Trump's 1st year gain of 18%
Trump had the advantage of piggybacking on Obama's huge bull market. Biden had the bad luck to be President during the Fed's tightening moves starting in '22. But it could be said that the market's performance under Biden was more impressive, having reached a new high coming out of that bear market.
Not that any of them had a major effect on the market, and it's certainly not a reason to vote for anyone.
Wait, so Trump is right when he says the economy does better under Democrats? I wonder why the cultists ignore that little fact?
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Post by luapnor on Jan 23, 2024 15:26:24 GMT -5
Trump in his 4 years had 126 new all-time highs I do not know why you think that would be a bragging point for Biden. Save this thread for Nov. 2024 and let me know how many new highs were recorded. Some fun facts. Spin them as you wish:
S & P 500 hit 68 new highs in Biden's 1st year. It was up 25% in that period. Trump had 61 new highs his 1st year.
Obama's 1st year the S & P was up 31%, vs. Trump's 1st year gain of 18%
Trump had the advantage of piggybacking on Obama's huge bull market. Biden had the bad luck to be President during the Fed's tightening moves starting in '22. But it could be said that the market's performance under Biden was more impressive, having reached a new high coming out of that bear market.
Not that any of them had a major effect on the market, and it's certainly not a reason to vote for anyone.
So you are claiming that stock market highs are an indicator of a good economy?
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Post by Captj on Jan 23, 2024 15:38:19 GMT -5
Like he said, if the market tanks it's Biden's fault. If it continues on it's current run it's all due to TRump's tax cuts. Another Magit win - in their own simple little minds.
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Post by nuevowavo on Jan 23, 2024 16:22:43 GMT -5
Some fun facts. Spin them as you wish:
S & P 500 hit 68 new highs in Biden's 1st year. It was up 25% in that period. Trump had 61 new highs his 1st year.
Obama's 1st year the S & P was up 31%, vs. Trump's 1st year gain of 18%
Trump had the advantage of piggybacking on Obama's huge bull market. Biden had the bad luck to be President during the Fed's tightening moves starting in '22. But it could be said that the market's performance under Biden was more impressive, having reached a new high coming out of that bear market.
Not that any of them had a major effect on the market, and it's certainly not a reason to vote for anyone.
So you are claiming that stock market highs are an indicator of a good economy?
I get the feeling that English isn't your first language.
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Post by luapnor on Jan 23, 2024 16:30:25 GMT -5
You were the one bragging about the stock market comparing jojos and bammers to trumps. Maybe you are the one struggling.
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Post by meateater on Jan 24, 2024 12:05:35 GMT -5
if your not in the stock market you dont give a shit so not gonna sway your vote, my shitty little 401k went crazy under trump then took a shit under biden just now its back to where it was 3 years ago so i havent gained or lost,, yippy thats my only experience with the stock market.
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Post by nuevowavo on Jan 24, 2024 14:17:38 GMT -5
if your not in the stock market you dont give a shit so not gonna sway your vote, my shitty little 401k went crazy under trump then took a shit under biden just now its back to where it was 3 years ago so i havent gained or lost,, yippy thats my only experience with the stock market.
Are you still contributing to the 401k? Because if you are, you should be happy the market went down. You bought much cheaper stock that since has appreciated . You should only care about the market level when you're close to retirement.
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Post by nuevowavo on Jan 24, 2024 14:19:50 GMT -5
You were the one bragging about the stock market comparing jojos and bammers to trumps. Maybe you are the one struggling.
I never compared market performance to the economy. Comprender?
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Post by Tarponator on Jan 24, 2024 14:42:16 GMT -5
Nope. In one ear and out the other.
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Post by meateater on Jan 24, 2024 15:45:39 GMT -5
if your not in the stock market you dont give a shit so not gonna sway your vote, my shitty little 401k went crazy under trump then took a shit under biden just now its back to where it was 3 years ago so i havent gained or lost,, yippy thats my only experience with the stock market.
Are you still contributing to the 401k? Because if you are, you should be happy the market went down. You bought much cheaper stock that since has appreciated . You should only care about the market level when you're close to retirement.
its a primerica account and i still contribute every month, i dont pick or choose anything just put money in it and check balance every month or 2. 22 years ive had it and for 5 years company i worked for did a match up to a certain amount so i did the max those 5 years , overall im pleased with it but i did see the drop few years back and have no clue why but its working its way back up.
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Post by Tarponator on Jan 24, 2024 17:59:16 GMT -5
Covid was the reason.
Thankfully the adults are in charge again, at least partially.
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BIDENOMICS
Jan 25, 2024 14:17:11 GMT -5
via mobile
Post by dragonbait on Jan 25, 2024 14:17:11 GMT -5
GDP continues to grow at an amazing rate. Q4 jumped up another 3.3%. That is a stunning 25% since Biden took office
Thanks Joe
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