Originally Posted by Midwest Player View Post
Originally Posted by mickeycrimm View Post
The market was bottomed out from the 2008 meltdown when Obama took over. It had nowhere to go but up....especially with zero percent interest rate. How many jobs left the country under Obama? And he said they were never coming back too. People having to work two part time jobs. Record number of people on food stamps. High taxes. And you're comparing 8 years to 2 years.
No, I'm not comparing 8 years to 2 years. Read the article again. It compares the first 645 days of each presidency. If you want to compare 8 years to 2 years it would be 182% for Obama to 29% for Trump.

I will agree with you on one point, and that is the market was bottoming when Obama came into office, but don't say the market has done better under Trump than Obama because it is not true.
"There are 3 kinds of lies. Lies, damn lies, and statistics." Mark Twain

The market had bottomed at 8000 when Obama took over. By August 2011 the market was at 11,000. That's not 183%. More like 37%. It was helped along by zero percent prime rate. But that rise did nothing for job creation. Unemployment was at 9% in 2009 and 8.5% in 2011. And the 8.5% figure is somewhat phony because so many people had quit actively looking for work. The Trump stock market rise put a lot of people back to work and those already working saw pay increases.