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Economics Discuss Trump Tips Dow to 20K at the Political Forums; The Dow has been floating or the last 8 years on cheap money. I wonder who will get the blame ...

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Old 01-26-2017, 10:01 AM
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Default Re: Trump Tips Dow to 20K

The Dow has been floating or the last 8 years on cheap money. I wonder who will get the blame when the Fed raises rates and the Dow collapses? That will be a tricky set of rapids for THE Donald to navigate.

But it is inevitable.
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Old 01-26-2017, 10:10 AM
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Default Re: Trump Tips Dow to 20K

Quote:
Originally Posted by WallyWager View Post
The DOW went from 6500 to 19800 under Obama, but add 200 points to it and Trump's the hero lol.
Obama was President for 8 years. 7 1/2 years after the recession ended the "recovery" has been the slowest in the post war era.

Obama has been indifferent to job export and favorable to agreements like TPP that penalize the American worker. The Obama administration has aggressively promulgated job killing regulations such as walling off Federal lands from energy resource exploration and the war on coal.

Since Trump won the election he has negotiated successfully with business leaders to keep jobs in the US and reassured all of his.commitment to cut back on unnecessary regulation as well as curbing the conquering Roman army of Federal bureaucrats. Obama has done nothing during this time but deserves credit for the stock market surge. It is like giving Obama the Nobel prize for nothing.
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