Who gets the credit for today's stock market Obama or Trump?

Thank you Obama or thank you president Trump

  • Thank you Obama

    Votes: 12 52.2%
  • Credit goes to president Trump

    Votes: 11 47.8%

  • Total voters
    23

Shadow

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Even most of the Democrats in Washington are not mentioning Obama much regarding the stock market today.

M-Bob

Probably neither. The Stock Market's performance has very little to do with the activities of the President and is more about the health of the economy. That said, its not necessarily a sign of good economic health if its growing based on bubbles or stock price rises rely largely on debt.
 
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Yonny Costopoulis

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Letting people keep more of what they earn is a gift??? How generous of the government to not take so much of what people earn! :p
Well why not get rid of taxes all together?

You do not need roads do you? And surely the fire trucks aren't needed, you can put out your own house fire. Or police. What a waste. Just keep your gun with you loaded and pointed at nearest person.

Every man for himself! That's the motto of a successful country. Or is it?
 
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Auriga

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Well why not get rid of taxes all together?

You do not need roads do you? And surely the fire trucks aren't needed, you can put out your own house fire. Or police. What a waste. Just keep your gun with you loaded and pointed at nearest person.

Every man for himself! That's the motto of a successful country. Or is it?

Now you're taking your argument to a ridiculous extreme--or at least trying to make it look as if I am. Do you think that people should either be overtaxed, or otherwise not be taxed at all and there be absolutely no govt. services? You're using the same old argument used by Obama. He tried to characterize people who think the federal govt. is taxing us too much as those who think we shouldn't have police and fire services, or roads or schools. But I guess that's the best way to derail the conversation without actually addressing the idea of overtaxation.
 
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Mountainmanbob

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Well why not get rid of taxes all together?

You do not need roads do you? And surely the fire trucks aren't needed, you can put out your own house fire. Or police. What a waste. Just keep your gun with you loaded and pointed at nearest person.

Every man for himself! That's the motto of a successful country. Or is it?
Point well taken I'm going to go ahead and send some extra tax money in this year I've been through a fire before 2003 Cedar Fire lost one house.

M-Bob
 
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Yonny Costopoulis

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Now you're taking your argument to a ridiculous extreme--or at least trying to make it look as if I am. Do you think that people should either be overtaxed, or otherwise not be taxed at all and there be absolutely no govt. services? You're using the same old argument used by Obama. He tried to characterize people who think the federal govt. is taxing us too much as those who think we shouldn't have police and fire services, or roads or schools. But I guess that's the best way to derail the conversation without actually addressing the idea of overtaxation.
No. I am being practical. Your country has a serious debt problem. Your infrastructure is in terrible shape.

And now you are going to cut taxes? That is not an intelligent thing to do.

If you were deep in debt, and your roof leaked, would you pick that moment to quit your job and live on welfare? Surely you can see that this would not be an intelligent thing to do?
 
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Auriga

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No. I am being practical. Your country has a serious debt problem. Your infrastructure is in terrible shape.

And now you are going to cut taxes? That is not an intelligent thing to do.

If practical is what you're being, then why did you say:
Well why not get rid of taxes all together?

You do not need roads do you? And surely the fire trucks aren't needed, you can put out your own house fire. Or police. What a waste. Just keep your gun with you loaded and pointed at nearest person.

Every man for himself! That's the motto of a successful country. Or is it?

Clearly, if we have a serious debt problem and such a terrible infrastructure problem, then your "practical" solution of "get rid of taxes all together" goes in the opposite direction of what you said. Therefore, you're not making any sense with this argument.
 
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Yonny Costopoulis

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If practical is what you're being, then why did you say:


Clearly, if we have a serious debt problem and such a terrible infrastructure problem, then your "practical" solution of "get rid of taxes all together" goes in the opposite direction of what you said. Therefore, you're not making any sense with this argument.
You really don't understand do you? I have tried using two methods to show cutting taxes would not be an intelligent thing to do.

I am unfamiliar with the American public education system, other than knowing it is poor compared to many western countries (although Obama greatly improved it), so I do not know how else to explain it so you can understand. Greece is even worse btw.
 
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Belk

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If practical is what you're being, then why did you say:


Clearly, if we have a serious debt problem and such a terrible infrastructure problem, then your "practical" solution of "get rid of taxes all together" goes in the opposite direction of what you said. Therefore, you're not making any sense with this argument.

i·ro·ny1
ˈīrənē/
noun
noun: irony
the expression of one's meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect.
 
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Auriga

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You really don't understand do you? I have tried using two methods to show cutting taxes would not be an intelligent thing to do.

I am unfamiliar with the American public education system, other than knowing it is poor compared to many western countries (although Obama greatly improved it), so I do not know how else to explain it so you can understand. Greece is even worse btw.

Cutting taxes doesn't automatically mean less money going to the government. It means people keep more of the money they earn so they can use it to spend with businesses, who employ more people, who then pay taxes. Look what happens around this time of year with Christmas being a big spending time. It takes people who have money in their pockets to spend at businesses who then have to hire more people to handle extra business. The result is more people employed, and a larger resulting number of taxpayers.
OTOH, we can look at countries that tax their citizens for whatever they can get. They aren't exactly in great shape either. Your own country is an example of this: High Tax Rates Make Greece's Debt Problem Even Worse | Stock News & Stock Market Analysis - IBD
 
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Yonny Costopoulis

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Cutting taxes doesn't automatically mean less money going to the government. It means people keep more of the money they earn so they can use it to spend with businesses, who employ more people, who then pay taxes. Look what happens around this time of year with Christmas being a big spending time. It takes people who have money in their pockets to spend at businesses who then have to hire more people to handle extra business. The result is more people employed, and a larger resulting number of taxpayers.
OTOH, we can look at countries that tax their citizens for whatever they can get. They aren't exactly in great shape either. Your own country is an example of this: High Tax Rates Make Greece's Debt Problem Even Worse | Stock News & Stock Market Analysis - IBD

Problem in Greece is nobody actually pays their taxes. We gave ourselves big tax break every year. In the long run it did not work out very well.

The US economy was doing fine. Obama passed over excellent economy. Why cut taxes to corporations and top 1% now? As I said, it is a gift to corporations and their stock prices will rise. Trump will take credit. But eventually Trump will run out of gifts to give corporations. We will have to wait for that to happen to see results.

Is also big gift to Trump. His family is expected to save hundreds of millions of dollars. Sounds just like Trump fake "University". Desperate people get scammed out of last dollars while Trump gets rich from scam. Saying is true I think: You can not fool all of the time but you can fool some of the people all of the time. I am glad I am not one of the people he is scamming.
 
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Mountainmanbob

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My 401k return for 1 Oct to 18 Dec was 28.93%. I made $5,645.87 just in interest. Woo hoo!

I would credit that 100% to Trump.

But, the ones that have no investments would say Obama did that for you.

M-Bob
 
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Aryeh Jay

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I would credit that 100% to Trump.

But, the ones that have no investments would say Obama did that for you.

M-Bob

Well, I would say that I did it. I put the money aside and I chose the funds to put the money in. After looking at the past performance of the funds, I saw which ones had the potential to continue in an upward trend. Some did, some did not. Overall, I guessed correctly. Honestly I do better in a poor market because I am able to purchase more shares.
 
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Mountainmanbob

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Honestly I do better in a poor market because I am able to purchase more shares.

I will have to chew on that one for a while.

Glad the market is going good for you.

M-Bob
 
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JonFromMinnesota

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I would credit that 100% to Trump.

But, the ones that have no investments would say Obama did that for you.

M-Bob

My portfolio rose about $30,000 since I started investing in 2013.....so....you're wrong. Those that do have investments saw big gains under the Obama administration. You must have been asleep.
 
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Zoii

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@Mountainmanbob you dont think the stock market fluctuations are influenced by supply-demand models. The president might cause blips on the radar but (and Im not studying economics so...theres that) the long-term trends are determined by international economic relationships and the supply demand that lies within it. eg if you country produces coal, well internationally the demand us going down and so are stock prices. If your country produces cobalt and Lithium, well the demand internationally is very high, so therefore so are share prices. Stability and equity of a company is also critical too of course.
 
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