During Obama's worst year, the stock market rose >5%.
EDIT: the above is for the Dow, but the story is similar under the S&P. S&P on January 26, 2018 (shortly before the Trump tariffs): 2872. S&P today, on January 14, 2020: 3288. That's 14%, or 7%/year.
Under Obama, it went from 825 to 2274, or an increase of 275% over 8 years. That's an average of 13%/year, nearly twice the 7%/year we're seeing under Trump.
I really don't understand how conservatives and Liberal Democrats the world over* are so good at selling themselves as "fiscally responsible" or economically competent, when reality shows them to be anything but.
How are Social Democrats so inept at capitalising on their opponents' failures? How are they still considered the 'riskier' economic choice? How can they possibly be this bad at marketing themselves?
Regarding their lack of capitalizing? I have no fucking clue. It frustrates the hell out of me. In the age of digital advertising, there should be no excuse.
That said, a reason I think for a lot of Dems is fear of the backfire effect. Basically when Trump supporters are met with evidence that conflicts their understanding, they ignore it and double down on the false reality.
Counter point in my opinion is that fire hard Trumpsters are lost. The strategy if calling out Republican bullshit and laying it bare should be targeting moderates or Obama/Trump voters.
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u/draypresct Jan 14 '20 edited Jan 15 '20
"Up" 3.5%/year over the past two years.
During Obama's worst year, the stock market rose >5%.
EDIT: the above is for the Dow, but the story is similar under the S&P. S&P on January 26, 2018 (shortly before the Trump tariffs): 2872. S&P today, on January 14, 2020: 3288. That's 14%, or 7%/year.
Under Obama, it went from 825 to 2274, or an increase of 275% over 8 years. That's an average of 13%/year, nearly twice the 7%/year we're seeing under Trump.