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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStocks are up 31% in Trump's presidency. At this point under Obama they were up 69%
https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html
President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administrations policies. Even amid global fears about coronavirus, he tweeted on February 24, Stock Market starting to look very good to me!
In the days that followed, stocks declined significantly, paring back some of the gains Trump had previously celebrated. On February 27, the S&P 500 declined 4.4%, its worst day since August 2011.
Overall, during his presidency, the S&P 500 has gained 31% from inauguration day through the market close on February 27. (Just a month earlier, that number was 45%).
How does that gain stack up to stock performance at the same point in other modern presidencies? (781 trading days, to be exact).
Stocks were stronger under Barack Obama as they recovered from the depths of the financial crisis, with the S&P 500 up 69% at this same point in his presidency. And they were far weaker under George W. Bush, down about 14% in the aftermath of the dot-com boom and bust.
CNN Business updates this tracker periodically.
President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administrations policies. Even amid global fears about coronavirus, he tweeted on February 24, Stock Market starting to look very good to me!
In the days that followed, stocks declined significantly, paring back some of the gains Trump had previously celebrated. On February 27, the S&P 500 declined 4.4%, its worst day since August 2011.
Overall, during his presidency, the S&P 500 has gained 31% from inauguration day through the market close on February 27. (Just a month earlier, that number was 45%).
How does that gain stack up to stock performance at the same point in other modern presidencies? (781 trading days, to be exact).
Stocks were stronger under Barack Obama as they recovered from the depths of the financial crisis, with the S&P 500 up 69% at this same point in his presidency. And they were far weaker under George W. Bush, down about 14% in the aftermath of the dot-com boom and bust.
CNN Business updates this tracker periodically.
69 will always be sexier than 31
It's douchebag's only measure of success that he boasts about, and he's failing badly. This needs to take him down finally.
Lots of good graphs and charts at the link that will enrage him. For example, George HW Bush had better numbers and he lost reelection to Bill Clinton. If Americans feel like the economy isn't working for them, they will be open to new management.
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Stocks are up 31% in Trump's presidency. At this point under Obama they were up 69% (Original Post)
IronLionZion
Feb 2020
OP
empedocles
(15,751 posts)1. Reagan % increase deceptive combined with H. Bush.
[reagan was down for 1st 2 years, then a manipulated recovery].
exboyfil
(17,857 posts)2. With today's losses even Obama's second term
has outperformed Trump at the same point in each administration.
Roland99
(53,342 posts)3. That's a better gauge
Obama had nowhere to go but up after Republicans took us to a near-depression
Bengus81
(6,907 posts)4. Same with Trump when he was handed a stable economy and low,low unemployment.