orlando_joe wrote:basketballRob wrote:orlando_joe wrote:low unemployment with higher wages with lower taxes and low inflation with low interest rates ..that combination does not happen in history or any country often....I can name many,many more but bottom line .its the economy ....how can you not
The Dow has came a long way since Bush left office at 7500. I heard it broke a record high like 120 times under Obama and like 80 under Trump already.
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I think was around 17500 when trump elected now over 28000 in only 3 yrs..
Why do people correlate the presidency so closely with economic health or decline?
Trump didn’t turn the economy around.
Meanwhile, we in finance have been predicting and bracing for another recession for a while not. The reserve keeps adjusting interest rates to hold it off but the economy is stalling despite their best efforts. A recession is coming. ... and it will NOT be Trumps fault.
I’m not defending or attacking Trump. I’m explaining that he has far less to do with the economy than people say. It’s easy to use this for yourself or against your opponent and people eat it up but it has almost no grounds whatsoever.