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DJIA takes another big hit today. Y'all self-appointed economics experts tell me: Are we still winning?

DJIA takes another big hit today. Y'all self-appointed economics experts tell me: Are we still winning? | image tagged in not stonks,stock crash,stock market,economy,economics,trump | made w/ Imgflip meme maker
762 views 1 upvote Made by KylieFan_89 5 years ago in politics
15 Comments
[deleted]
3 ups, 5y,
1 reply
0 ups, 5y
Dow is down 5.43% on the day now

No comment?
1 up, 5y,
2 replies
I find it funny how people like you wouldn't pay any attention to the stock market until it starts falling and then you begin rooting for America to fail just so you can blame Trump.

The two major reasons for the decline (which is a world wide problem) obviously fears and declines in purchases of certain products caused by the Corona virus then you have Putin waging a financial war on our shale oil industry.

Putin's efforts/Saudi pissing contest is a temporary thing as is the Corona virus and will pass.As long as our credit/stock market funded shale oil industry can weather the storm we will bounce back from this in a hopefully short period of time.

During the recession I never met any conservatives that hated Obama so much that they activity rooted for our country to fail,it would seem people like you are blinded by your hatred for Trump and anybody that supports him.

PS the stock market is still up over 4000 points on Obama's record high, pretty good considering all the liberal economists said he was going to crash the market in his first year.
[deleted]
2 ups, 5y,
1 reply
0 ups, 5y,
1 reply
I’ve made several memes crediting Trump for the stock market, or at least acknowledging the gains it’s made under his presidency

I think presidents generally get too much of the blame and the credit for the stock market, but if you’re looking for bright spots of the Trump presidency, that was one of them

Your side has gotta acknowledge the bad with the good too
[deleted]
1 up, 5y,
2 replies
0 ups, 5y,
1 reply
The Trump-supporting side and the non-Trump supporting side

It’s the simplest way of looking at things these days
1 up, 5y,
1 reply
That's just silly.
0 ups, 5y,
1 reply
It’s only a simple description of our hyperpartisan times

But don’t take it from me: take it from the content that hits the front pages of both Politics and PoliticsTOO on any given day
1 up, 5y,
1 reply
You said and I addressed you for saying it, not some other clowns that spout the same cheerleader politics.

The other week, just because I disagreed with your astoundingly incredible opinion, you called me a what again?
0 ups, 5y
I don't recall
0 ups, 5y,
1 reply
I know you think your brand of “constitutional conservatism,” or whatever you want to call it, is a rare bird, and in some ways it is

But when you step inside the ballot box and bubble in the oval for Trump this November, your ballot will not reflect such distinctions

Unless you are tempted to vote libertarian for some reason
[deleted]
1 up, 5y,
1 reply
0 ups, 5y
Those “shoulds” do a lot of work

I’m no fan of the “imperial presidency,” but recognize the concept has been used, abused, and expanded by Presidents of both parties: assisted along the way by feckless Congressmen too afraid of what their constituents might think to assert their proper checking-and-balancing role under the Constitution.

The fact is the President of the United States in practical terms is the most powerful office in the world.

All the Republicans who rallied to Trump’s defense over the Soleimani assassination not long ago underscored that point.

So: who we elect to the office of President matters a great deal. It impacts not only ourselves, but also could potentially impact (in a fatal way) goat farmers minding their own business in the middle of Afghanistan or wherever.

As pleasing as I find the thought that the local dog catcher might have more of an impact on my life than POTUS, it just isn’t true, and I don’t see any way of making it true.

Particularly when the one party that is supposed to stand for limited government in theory behaves no differently in practice than the “big government” party once attaining power.
0 ups, 5y
I posted this meme in the morning, when the DJIA fall was "only" 4.14%. It ended the day down 5.9%. That's on top of other plunges that have the market 20% down from where it was as recently as last month. Yikes.

https://finance.yahoo.com/news/stock-market-news-live-updates-march-11-2020-115430808.html

And analysts are predicting we haven't hit the bottom yet.

To be clear: I'm not rooting for America or our economy to fail. I want the stock market to do well, regardless of who is president: if nothing else, for my own 401(k)'s sake.

But please acknowledge reality. Don't be like the woman in this meme. This is not winning.

This Coronavirus panic which has gotten way out of hand, and the Russia-Saudi oil thing (which is ultimately aimed at our own domestic oil industry, I've read) surely play a role. That said: if Trump was responsible for the stock market rise, as we've been constantly told, then he's equally responsible for this crash.

Trump has repeatedly and publicly wrapped himself in stock market performance like no other president ever has. And that served him well, for some time: But it was always a very flimsy foundation upon which to build presidential success.

No takebacks now.
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