Dow's record high says as much about Trump as economy

[Yo_Mama_Been_Loggin]

By Paul Krugman /The New York Times

Last week, for the first time in history, the Dow Jones industrial average closed above 40,000.

Unlike many right-wing commentators, I don’t consider the stock market the best indicator of the economy’s health, or even a good indicator. But it is an indicator. And given the state of American politics, with hyperpartisanship and conspiracy theorizing running rampant, I’d argue that this market milestone deserves more attention than it has been getting.

Not to put too fine a point on it, but do you have any doubt that Republicans, across the board, would be trumpeting the Dow’s record high from every rooftop if Donald Trump were still in the White House?

The background here is the gap between what we know about the actual state of our economy and the way Trump and his allies describe it.

https://www.heraldnet.com/opinion/krugman-dows-record-high-says-as-much-about-trump-as-economy/

[Arne]

1. The oold Up is Down Down is Up, rope a dope.

[doc03]

2. My opinion why over half of the US thinks we are in a recession and why Biden's polls

are so bad. A few weeks back the campaign started to talk about the economy for a couple days. Then if they don't see instant results in the polls, they drop it because they think it may make people think about inflation. There was a border bill and Trump
stopped the House from voting. They talked about that for a day of two and Biden went to the border, the polls didn't
improve the next day so they dropped that subject, we don't want to remind people about the border. We don't want to talk about Trump being in court, it will look like it is all about politics, not the law. We just seem to be jumping from one thing to another just trying to find something that sticks. They seem to be afraid to talk up Biden's accomplishments for fear they may
offend some fringe group of voters.

[slightlv]

3. I agree with you, Doc

and the truth is the media isn't helping at all. It's like they WANT to be put out of business once *rump is kinged. Who knows... maybe they do? The new caste society will probably allow them to take tons of tax cuts for (at least) the year they go out of business.. and they may even finagle some kind of golden parachute by closing up shop.

lord knows... they couldn't be doing anymore towards that if they were actually trying for it! And that will mean a whole lot of non-millionaires out of work, on top of everyone else *rump is going to fire. We may be headed into a time where only R's are given jobs. Hmm... didn't some book these people gloat over constantly say something about having the mark of the beast in order to trade or do business? /snark