Re: Politics for the s5tupid 4 ticks

On 3/8/2024 1:53 PM, Zen Cycle wrote:

On 3/8/2024 4:36 PM, Frank Krygowski wrote:

On 3/8/2024 12:24 PM, Tom Kunich wrote:

>
After Obama's Great Recession, which Flunky does not believe in, (BTW, this is a pure indication that Flunky does not have any investments) my investments went from $880,000 to $330,000 or more aptly, I was ruined.

>
What in HELL did you invest in? It must not have been U.S. stocks. See
 https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html
>

 Tommy didn't invest in anything. He has no investments other than his house which his mom gave to him. He never lost anything during the bush/cheney recession because he didn't have anything invested.
 He's so brole he can't even afford to replace the clogged faucets in his house, and he's such a cuckold his wife wouldn't let him spend the money on it anyway.
 IOW, he was ruined before he ever got a start.
 

He’s just confused about what the market did and when.
Clinton
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1993 9.97%
1994 1.33%
1995 37.20%
1996 22.68%
1997 33.10%
1998 28.34%
1999 20.89%
2000 -9.03%
Obama
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2009 +25.94%
2010 +14.82%
2011 +2.10%
2012 +15.89%
2013 +32.15%
2014 +13.52%
2015 +1.38%
2016 +11.77%
Biden
-----
2021 +28.70%
2022 -25.00%
2023 +26.29%
It was 2001-2008, during the George W. Bush presidency, when the market had some steep declines due to the Republican-caused recession. The root cause of the recession was defaults on mortgage loans, caused by Republican deregulation of the banking industry. It was Republicans that sought to weaken bank regulation.
Historically, the stock market has done better under Democratic administrations, “the S&P 500 returned 8.4% annually on average under Democrats, versus 2.7% under Republicans, a difference of 5.7% percentage points.”
However it's important to understand that the stock market is not necessarily the best indication of how the economy is doing. The employment rate and unemployment rate are also important. Employment went up by 0.13% under W, 1.04% under Obama, fell 0.51% under Trump, and has gone up by 4.3% under Biden. For unemployment, the unemployment rate fell under Democratic presidents by an average of 0.8 percentage points, while it increased under Republican presidents by an average of 1.1 percentage points.
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“If you are not an expert on a subject, then your opinions about it really do matter less than the opinions of experts. It's not indoctrination nor elitism. It's just that you don't know as much as they do about the subject.”—Tin Foil Awards