Commiela’s panties are wet!!!

[the_real_Barleycorn]

Another idiot speaks;
the stock market went up because of Quantative Easing (QE). That is where Obama took taxpayer money (that's yours, his, and ours) and invested it in the stock market. It was a direct money transfer between the middle class to the rich. Why do you think the national debt doubled under Obama? What did we get for it? See any new bridges or highways? How about a brand spanking new navy. Maybe a few tanks and planes. How about a space station without Russians on board? Is it really too much to ask for 10 trillion dollars.
By the way, you lied. The Dow went up 8,000 when Obama left office and no where near 12,000. Then again, we know it was inherited from Bush. Under Trump the Dow went from 16,000 to 30,000. That is without QE and after Covid. That's pretty damn good.

https://www.investopedia.com/ask/ans...ook-office.asp

[Strokey_McDingDong]

I understand hating H I M, but glorifying Biden is fucking retarded.

[Levianon17]

Originally Posted by Strokey_McDingDong

I understand hating H I M, but glorifying Biden is fucking retarded.

They don't have anything else. so they'll just talk themselves into believing Biden will do all kinds of wonderful things for the country that Trump didn't, lol.

[the_real_Barleycorn]

I just saw on Fox News some idiot (a guy named Hahn who looks amazingly like Zippy the Pinhead) say that Biden was going to have a better vaccine rollout than Trump. The host had to remind Hahn that the rollout had started in record time and Trump is still in office

[Yssup Rider]

Originally Posted by the_real_Barleycorn

I just saw on Fox News some idiot (a guy named Hahn who looks amazingly like Zippy the Pinhead) say that Biden was going to have a better vaccine rollout than Trump. The host had to remind Hahn that the rollout had started in record time and Trump is still in office

What’s the old record that Trump beat?

Asking for someone conscious.

[adav8s28]

Originally Posted by the_real_Barleycorn

By the way, you lied. The Dow went up 8,000 when Obama left office and no where near 12,000. Then again, we know it was inherited from Bush. Under Trump the Dow went from 16,000 to 30,000. That is without QE and after Covid. That's pretty damn good.

https://www.investopedia.com/ask/ans...ook-office.asp

I did not lie Jdrunk. You should stop drinking before you post. When Obama took office 1-20-2009 the DJIA 7,949 points. When Obama left office 1-19-2017 the DJIA was 19,732. That is a gain 11,783 points. Obama bailed out Wall Street by giving 1,000 troubled assets 625 plus Billion dollars. You remember AIG, they got 225 billion,that was just for one troubled asset. The market went up when Wall street recovered and companies became profitable again. What ever it is that you teach i hope it's not finance or physics you are clueless at both.

https://finance.yahoo.com/quote/%5ED...InZvbHVtZVVuZG

[bambino]

Originally Posted by adav8s28

I did not lie Jdrunk. You should stop drinking before you post. When Obama took office 1-20-2009 the DJIA 7,949 points. When Obama left office 1-19-2017 the DJIA was 19,732. That is a gain 11,783 points. Obama bailed out Wall Street by giving 1,000 troubled assets 625 plus Billion dollars. You remember AIG, they got 225 billion,that was just for one troubled asset. The market went up when Wall street recovered and companies became profitable again. What ever it is that you teach i hope it's not finance or physics you are clueless at both.

https://finance.yahoo.com/quote/%5ED...InZvbHVtZVVuZG

https://mobile.reuters.com/article/amp/idUSKBN27E1IC

Whatever

[adav8s28]

Originally Posted by bambino

https://mobile.reuters.com/article/amp/idUSKBN27E1IC

Whatever

Bush43 handed over to Obama a failing economy. Wall street was melting down fast. Obama turned things around and handed over to Trump a growing economy.

Trump then cut the corporate tax rate 10 percentage points. Two things happened, more stock buy backs and trillion dollar deficits. Trump is running with deficits that are higher than Obama's

https://www.thebalance.com/us-deficit-by-year-3306306

[bambino]

Originally Posted by adav8s28

Bush43 handed over to Obama a failing economy. Wall street was melting down fast. Obama turned things around and handed over to Trump a growing economy.

Trump then cut the corporate tax rate 10 percentage points. Two things happened, more stock buy backs and trillion dollar deficits. Trump is running with deficits that are higher than Obama's

https://www.thebalance.com/us-deficit-by-year-3306306

You’re over your head. Why would anyone listen to you. Run along

[adav8s28]

Originally Posted by the_real_Barleycorn

the stock market went up because of Quantative Easing (QE). That is where Obama took taxpayer money (that's yours, his, and ours) and invested it in the stock market.

That's a lie. You don't understand monetary policy. The central banks buys longer-term securities like bonds and MBS (mortgage backed securities to increase the money supply to encourage lending. At the end of 2008 most of the banks were going bankrupt. Lehman Brothers, Bear Stearns, City Group, Chase Bank, just to name a couple had went bankrupt or were going bankrupt. And they did not have money to make loans to small businesses. The central bank was not buying stocks from the DJIA which only has 30 companies in that index.

https://www.investopedia.com/terms/q...ive-easing.asp

[adav8s28]

Originally Posted by bambino

You’re over .........

You act like you never heard of a stock buy back. It's the main reason for the 11 year bull run that market has had, starting in 2009 when Obama was president. When you cut the corporate tax rate 10 percentage points what did you think companies would do with that found money? It certainly did not go to employees at the bottom of the organization chart.

From the link:

Buybacks were a key source of fuel for the 11-year bull market, as such programs reduce the number of shares outstanding and boost each individual unit's value.


https://markets.businessinsider.com/...0-4-1029068723