Democrats preside over stronger economies

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Addie
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Democrats preside over stronger economies

#1

Post by Addie » Sat Nov 09, 2019 7:26 pm

Newsweek
Democrats preside over stronger economies

Are you worried that the economy grew by only 1.9% in the recent quarter? That's a pretty weak performance. But it would seem downright dismal if you believed President Donald Trump's assertion during the 2016 campaign that 1.9% growth during one of former President Barack Obama’s quarters signaled an economy "in deep trouble."

Economists are now forecasting 1.8% gross domestic product growth in the fourth quarter. Things are most definitely slowing down. Clearly, Trump will not whip the economy into the 4% annual growth he bragged about during the campaign. Never mind 6%. And despite the economy's so-so October performance, Trump ended the month tweeting, "The Greatest Economy in American History!" But we're used to that.

Trump-believers might also swallow the baloney that Democrats are all socialists eager to smite capitalism. Real capitalists closely monitoring their stock portfolios would disagree.

If you’re a real capitalist, chances are good that you miss Obama. During Obama's eight years, the S&P 500 rose almost 176%.

Researchers at the University of Chicago's business school concluded that historically, stock investments do better under Democratic presidents than Republican presidents — a lot better.

boots
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Joined: Sat May 16, 2015 5:23 pm

Re: Democrats preside over stronger economies

#2

Post by boots » Sat Nov 09, 2019 7:29 pm

I know there's an easily-findable youtube clip where Donald Trump says the same thing a few years back.

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