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Stock Market Under Trump
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(11-06-2019, 10:24 AM)HURRICANE!!! Wrote:(11-05-2019, 07:10 PM)flsprtsgod Wrote: Pretty much since he walked out that door it's been booming, so I guess it's more the "Good Riddance Obama Boom" https://www.wsj.com/articles/why-the-oba...1536619545 "Before Mr. Obama, in the 11 previous post-Depression recessions, the economy recovered the gross domestic product lost during the recession within an average of 4.6 quarters, or a little over a year. It took Mr. Obama’s recovery 14 quarters, or 3½ years, to reach that point. The Reagan recovery took half that time. [font=Exchange]Obama apologists argued America could no longer grow any faster than Mr. Obama’s 2% real growth averaged over eight years. Slow growth was the “new normal.” The American Dream was over. Get used to it. Hillary Clinton promised to continue Mr. Obama’s economic policies. America’s blue-collar voters rose up. The recovery took off on Election Day 2016, as the stock market communicated. Mr. Trump’s tax cuts and sweeping deregulation—especially regarding energy—fundamentally changed course from Mr. Obama. These policies have driven today’s boom, increasing annual growth to more than 3% within six months and now to over 4%."[/font] “An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
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