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Is President Trump responsible for the current success of Economy?

According to one source, in 2017, the Dow Jones Industrial Average posted its biggest gains ever, with the most closing highs for the index in a single calendar year. Volatility diminished to historic lows and many global stock markets finished the year at or near record highs.
Is this due to Trump policies or is it a follow on from Obama?

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ripcurldane 7 Jan 11
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8 comments

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0

Economics has to be considered over the long haul.

1

They were doing quite well when the last recession hit. If you know a recession is coming you'd pull your shit out. That's why the little dogs always lose. It's a big boys club and most here are not members of the club, just donors. The deep state controls the markets. They pull the rug when it's time to collect and you don't know until you wake up or you're hard at work in the middle of the day. What you see and hear on the tv and radio is the illusion.

2

The bail out money given to the too big to fail banks was meant to ease credit so people could buy things. Instead the banks took the money to Wall St. and cashed in big. A bull run in the stock market is NOT a sign of a strong economy, Just ask everyone after 10/1929. The gop so throughly trashed the finanacial and banking industry by the time Obama was elected there was no were to go but up. The gop did notthing to help Obama so in part the turn around was due to Obama. The income disparatity is a very serious problem and what the gop/trump did with tne tax scam will come bakc and bite us in the ass.

2

Presidents have much less influence over how well the economy does than most people think. They can influence things to soem extent, but if congress disagrees, they are mostly powerles to do all tht much.

Trump is still riding on prosperity of the previous administration. Obama surprisingly accomplished a great deal even though virtually every move was opposed by the republican majorities in the two houses. most of Obama's success was due to policies he got through in his first two years before republican took over the houses. Onhe republicans had majorities his agenda was pretty mostly stopped in its tracks.

1

Thank you Obama! Well see how our economy does on auto pilot for now.

2

One of the things that is happening right now is that corporations are buying up their own stocks this puts more money into the investors handstand give a temporary boast to spending of their profit, but, what happens when this buy back stops?

1

Though I gave President Obama cedit in the poll, he was not solely responsible. There was strong potential for the US economy to turn around (sort of like there was nowhere to go but up) after Bush, and most of the economies around the world improved at the same time (though some of this is undoubtedly partly due to the influence the US economy has of the world). The Stock Market turned around within a few hours of Obama's election. This effect was entirely due to the emotional effort of changing Presidents from a bad one to an unknown. Glupyy Trump (look-up "Glupyy" ) has had pretty near zero effect on the economy, though some factors have seen him as a "positive force" because they believe he will cut their taxes , deregulate, and allow a free-for-all.

1

Economy's don't take place like driving through, fast food restaurants...

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