Trump said it at the final debate with Biden before the 2020 election. I would say Trump is no Nostradamus but 3rd grade righties wouldn't know who I was talking about (let alone know how to spell it).
What I will say is that Trump is Nostra-dumbass. ROFLMAO!
Don’t trust my 401 balance? It will be real funny if Dow crosses 40K by November… 😂
Trump said it at the final debate with Biden before the 2020 election. I would say Trump is no Nostradamus but 3rd grade righties wouldn't know who I was talking about (let alone know how to spell it).
What I will say is that Trump is Nostra-dumbass. ROFLMAO!
Don’t trust my 401 balance? It will be real funny if Dow crosses 40K by November… 😂
The DJIA was 35,911 two years ago. The DJIA on Jan 18th this year was 37,468. That's an increase over two years of 4.3%. The rate of inflation in the last two years was 6.5% and 3.4%, which gives a cumulative inflation rate of 9.6% over two years. So that's a net loss of 5.3% value to the DJIA over the lasts two years. Good job Biden!!
Trump's last day in office was THREE years ago, not TWO years ago.
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http://www.investing.com/indices/us-30-historical-data
Dow Jones Industrial Average Historical Data
DATE Price Open High Low Volume
01/19/2021 30,930.52 30,887.42 31,086.62 30,865.03 387.75M TRUMP
01/19/2022 35,028.65 35,412.30 35,547.83 35,015.49 393.08M BIDEN
01/19/2023 33,044.56 33,171.35 33,227.49 32,982.05 321.33M BIDEN
01/19/2024 37,863.60 37,611.50 37,926.50 37,451.71 362.99M BIDEN
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"That's an increase oover three years of 37468 / 30930 = 1.21 = 21% ."
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According the BLS Inflation calculator https://www.bls.gov/data/inflation_calculator.htm ,
the inflation rate from Jan 2021 to Jan 2024 was 17.7%. The DJIA BEAT the inflation rate by 3.3%. Everybody, except Trump, wishes the numbers were better (higher gains, lower inflation) but it is certainly NOT A NET LOSS since Trump left office.
The DJIA was 35,911 two years ago. The DJIA on Jan 18th this year was 37,468. That's an increase over two years of 4.3%. The rate of inflation in the last two years was 6.5% and 3.4%, which gives a cumulative inflation rate of 9.6% over two years. So that's a net loss of 5.3% value to the DJIA over the lasts two years. Good job Biden!!
The above is a non-denial denial of the fact that the DJIA has lost 5% of it's value in the last two years of the Biden economy.
he fucked up because Trump left office three years ago, not two. What can't be denied is that Lesser is a dummy.
And yet in the most recent last two years of the Biden economy, it remains undenied that the DJIA lost 5% of it's value.
You can slide around your beginning and start dates as much as you want and find the worst performing brackets. Would you do the same for Trump and find HIS worst performing fractional part of his time in office?
And yet in the most recent last two years of the Biden economy, it remains undenied that the DJIA lost 5% of it's value.
I just did the math above and showed that the DJIA lost 5% of it's value in the last two years. You can see the Biden cheerleaders go nuts above. Hilarious. They don't have a comeback to explain the last two years. Haha.
That the dem leadership can piss all over this country tell everyone is happy rain from heaven and the dem faithful will clap with glee and then run around in it just as HAPPY as they can be?
Hummmm 🤔 tell me why that is?
Oh wait I know it's a combination of koolaide swilling and TDS all fed to them by the lame stream media.
Look boys go walk around whatever city you live in and ask people that are working class Americans how they are doing and the answers will stand your hair on end!
It's indisputable, as I point out, that the DJIA has declined 5% in value in the last two years under Biden. But inflation is a bipartisan evil. If only "progressives" could see how cynically their political elites saddle the working poor with inflation by all their deficit spending. So many retirement plans are invested in the market -- that money, the decline in value, even as the stock prices "apparently" go up, but in reality decline in value due to the robbery of inflation, is pure and simple robbery of the average American citizen trying to provide for their retirement years. Not to mention the declining value of any cash holdings or bank savings.
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Instead we get brain dead explanations from them that inflation is "wages chasing prices" the shit explanation they got in junior high civics class, rather than the actual government/federal reserve policy to set inflation rates for domestic policy -- i.e. rob the citizens in a convoluted way and then hand out juicy funds to various sectors in exchange for votes.
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And don't even get me started on how taxing corporations is a direct tax on the working poor in the prices they have to pay when those taxes are passed on to the poor in the price of the goods and services. It taxes the poor at the same rate as the rich. Progressives would call it a regressive tax if they only understood the simplest economics.
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But they are so defensive of their ideological fantasies that they actively ignore basic economic truths. But in the end it is more important that they feel virtuous and good about themselves than to understand that their "leaders" are enriching themselves and their club members at the expense of the poorest people in the nation,
Please see my reply to your other post about inflation and money supply M2:
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/re-said-no-economist-ever-437749
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M2 grew by 46% under 4 years of Trump.
M2 grew by 7% under 3 years of Biden.
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http://www.tradingview.com/symbols/ECONOMICS-USM2/
DATE M2 ($T) Note:
Jan 2017 13.231 Trump enters office
Jan 2021 19.356 Trump leaves office
M2 increased by (19.356/13.231 = 1.462) 46.2% under Trump.
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Jan 2021 19.356 Biden enters office
Jan 2024 20.767 Biden 3rd year in office
(the official 20.767 data is out for Nov 2023 but I am calling it "Jan 2024" to keep to the Jan-Jan dates.)
(since M2 is currently contracting, the actual values for Jan 2024 and the net growth is probably lower.)
M2 increased by (20.767 / 19.356 = 1.072) 7.2% during Biden's 3 years.
It's indisputable, as I point out, that the DJIA has declined 5% in value in the last two years under Biden. But inflation is a bipartisan evil. If only "progressives" could see how cynically their political elites saddle the working poor with inflation by all their deficit spending.
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And don't even get me started on how taxing corporations is a direct tax on the working poor in the prices they have to pay when those taxes are passed on to the poor in the price of the goods and services. It taxes the poor at the same rate as the rich. Progressives would call it a regressive tax if they only understood the simplest economics.
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But they are so defensive of their ideological fantasies that they actively ignore basic economic truths. But in the end it is more important that they feel virtuous and good about themselves than to understand that their "leaders" are enriching themselves and their club members at the expense of the poorest people in the nation,
-- Modified on 1/20/2024 9:53:18 PM
Bipartisan evil. Deficit spending is evil. Doesn't matter which party is behind it (well, the uniparty.) If you cared about the poor or middle class you would vote against people who enable deficit spending. They are robbers of the wealth of citizens just trying to stay alive.