Crazy Mika

Lyin Ted is the best. Succinct, accurate, and it’s Ted Cruz getting lit up.

The next time someone tries to tell you that the economy was in the ****ter until trump came along, show them these. The stock market jump up in Jan has been pretty cool.

But also don't accept their ridiculous premise that the president has any actual control over the market, and also that the stock market price even matters at all with Comrade President grab-them-by-the-pussy.

Do those same doctors usually go out of their way to brag to the insurance companies that the patient may have lived to be 200 with such superior genes, or that he passed every test with flying colors despite being an 18-stone couch fixture with confirmed heart disease?

Cmon now, Trump totally gets credit for a lot of the stock market run. The tax cut possibility and then reality was a big deal along with other pro business moves.

I recall the market going way up right after he got elected. From election day to the end of 2016 was great overall but the small and mid caps went up like 15-20%+ in 5-6 weeks which was nuts.

He's a first class clown but his tax proposal and eventual enactment of something reasonably close to what he campaigned on certainly had some effect. 2017 had record low volatility and for the first time in the 50+ years the S&P 500 has existed the market went up every single month in a calendar year. That is just bizarre with what's going on in the world and Trump in the White House trying to pour gasoline on some of the smouldering powder kegs.

I think one factor was the market generally likes it when nothing gets done by Congress and there was a whole lot of nothing and no real prospect of anything getting done except for the tax bill which the market clearly does like.

This is like when they say in baseball when a team is on a heater the manager gets way too much of the credit and when they slump way too much of the blame.

The reality is 45 only should get credit for not ****ing up what was already a strong market in the first place not taking credit for essentially piggybacking off of the previous administrations accomplishments...specfically he only deserves a pat on the head like a father does to an 8 year old for making sure his room stayedclean not for actualy doing any cleaning himself.

Any Republican President would have signed the tax cuts. It has zero to do with Trump himself.

Also the tax cuts are going to be disastrous to the economy and to the country so the fact that the market is up temporarily in a short sample means absolutely nothing.

yep. short term goosing of the stock market is easy. ok, good job, mr president.

when the inevitable downturn hits, let's all hope it's not too bad. the complete absence of organization among this group of flunkies is really, really going to hurt.

im sure they'll blame obama and hillary.

Yes I agree long term cuts are bad. But it’s super thirsty for people to say he had nothing to do with the strong market performance.

It's a fairly common refrain. Happened throughout the good market years when Obama was in power as well.

Markets around the globe were up in 2017. Are we crediting Trump with that too?

The only thing he had to do with the market was win the election as a Republican.

Also, let's be fair. Maybe it's a bit dodgy to shower Trump with praise for the market upturn when he clearly doesn't know the difference between government deficits and the value of the Dow.

I mean whether one likes it or not he gets credit for the tax cuts getting passed and from there it’s rudimentary math to understand it had a substantial impact on the market.

Why does he get credit for it? He had nothing to do with the bills itself nor anything to do with the bribing to get the votes.

Was Trump responsible for the markets in Greece, Turkey, Nigeria, Kenya, Ghana, Vietnam, Mongolia, and all the other emerging markets that outperformed the US Stock Market in 2017? Was he responsible for China, Japan, and Hong Kong's stock markets rising too?

In reality, the US investor would have been better off in many other markets in 2017, especially on a currency hedged basis.

To give Trump and not the economy credit for the stock market's performance is intellectually dishonest. Whatever role Trump played was certainly smaller than the role the economy played. Furthermore, Congress is much much much more responsible for any tax bill effects, positive or negative, than Trump. There is no way that Trump gets a chance to sign a tax bill like this through with a Democratic Congress.

This.

Rs making an argument that the market would have rebounded and increased under McCain would have been fine, and likely correct tbh. The loony toon part was denying the reality that the market even increased under Obama.

And also if you are going to give Trump credit for the market going up based on rudimentary tax math, then the very next sentence should point out that the stock market != the economy and that rudimentary math definitively shows that #1 thing by far the bill did was drastically increase income inequality when it is already a severe problem that has torn apart our social fabric to allow a clown like Trump to get elected in the first place.

Your still forgetting its small sample size...they said the same thing about Trickledown Economics back in the 80s and look what happened in the end.

Plus the only "credit" he's getting is from his nut swinging base being like YEAH we finally passed something

I hope so, yes.

This "Presidential doctor" position is the same that told us Reagan and Kennedy were fine. Probably told us how FDR was walking a brisk 5 miles per day or something. The job description is mostly "be willing to lie to the public".

The market would be lower without the tax bill. Like that’s an inarguable fact. And however he managed to lever the broader R votes into agreeing, he did. They’re clearly afraid of him.

Whether the bill is “good” or “bad” has nothing to do with Goofy’s post that he had zero to do with the market. It’s an absurd take, even if the only credit you want to give him is beating Hillary and taking a veto away from the Dems, and seems pretty obvious he deserved more credit than they.

Meh. I'm a fan of the side that says the president's effect on the economy is normally drastically overstated.

Lol this is a specific policy that dramatically impacts the valuation of many corporations. Doesn’t matter what you believe. Thinking otherwise is the market equivalent of being a climate denier.

And we aren’t talking about the economy. We are talking about stock prices.

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