The Trump Economy Obliterates Biden's Shameful Economy - Stats are Undeniable

[WestCanMan]

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

When Trump took over in January of 2017, the Dow Jones was only at 25,783. 

Jan 2017 on that chart is right where there's a little jog to the right, when it's just about to cross up over 26K. 

The Dow peaked at 37,033, one month before Trump handed the economy over to Biden, in Jan 2021.

That increase of 11,250 points represents a 44% increase in just 4 years, even during a global pandemic. 

By contrast, Joe's high point of 42,330, last month, was only 5,297 points above Trump's peak, for a far more modest increase of only 14%. 

Trump: Inflation was around 2%, so 8% total, but the Dow went up by 44%. So the Dow went up more than 5x as fast as inflation under Trump.

Under Biden inflation has averaged more than 5%, for a total of more than 20%, but the Dow only went up 14%. The Dow went up 30% slower than inflation under Biden. 

[WestCanMan]

Trump doesn't have to buy lies from WashPo or the phony endorsement of DC grovellers, the stats speak for him. 

[WestCanMan]

https://www.foxnews.com/media/reporter-stunned-biden-voters-comments-economy-nostalgia-trump-years-really-shocking-me

• Reporter stunned by Biden voters' comments on economy: 'Nostalgia for Trump years ... really shocking to me'

  'Nonstop I heard about the economy,' NPR reporter says about her time on campaign trail talking to voters

Khalid said she has been surprised by Democratic voters telling her on the campaign trail that they have "nostalgia" for the Trump years.

 

I guess that Americans weren't tricked into believing that Kamala just came up with the idea that "America should become a land of opportunity" lol. 

[Moonlight Graham]

Its official:  through their magic wands Biden and Trump control the US and global economy LOL

[robosmith]

9 hours ago, WestCanMan said:

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

When Trump took over in January of 2017, the Dow Jones was only at 25,783. 

Jan 2017 on that chart is right where there's a little jog to the right, when it's just about to cross up over 26K. 

The Dow peaked at 37,033, one month before Trump handed the economy over to Biden, in Jan 2021.

That increase of 11,250 points represents a 44% increase in just 4 years, even during a global pandemic. 

By contrast, Joe's high point of 42,330, last month, was only 5,297 points above Trump's peak, for a far more modest increase of only 14%. 

Trump: Inflation was around 2%, so 8% total, but the Dow went up by 44%. So the Dow went up more than 5x as fast as inflation under Trump.

Under Biden inflation has averaged more than 5%, for a total of more than 20%, but the Dow only went up 14%. The Dow went up 30% slower than inflation under Biden. 

The stock market is NOT the economy.

Our economy COLLAPSED in Trump's last year due to his completely incompetent management of the pandemic. 

Thus making the inflation inducing stimulus under both Trump and Biden necessary to revive the tanking economy faster rather than slower.

[Hodad]

15 hours ago, WestCanMan said:

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

When Trump took over in January of 2017, the Dow Jones was only at 25,783. 

Jan 2017 on that chart is right where there's a little jog to the right, when it's just about to cross up over 26K. 

The Dow peaked at 37,033, one month before Trump handed the economy over to Biden, in Jan 2021.

That increase of 11,250 points represents a 44% increase in just 4 years, even during a global pandemic. 

By contrast, Joe's high point of 42,330, last month, was only 5,297 points above Trump's peak, for a far more modest increase of only 14%. 

Trump: Inflation was around 2%, so 8% total, but the Dow went up by 44%. So the Dow went up more than 5x as fast as inflation under Trump.

Under Biden inflation has averaged more than 5%, for a total of more than 20%, but the Dow only went up 14%. The Dow went up 30% slower than inflation under Biden. 

From the thread title, I expected there would be more to this post. Apparently you think the stock market is the economy. Okaaaaay ...

[Hodad]

 

17 hours ago, WestCanMan said:

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

When Trump took over in January of 2017, the Dow Jones was only at 25,783. 

Jan 2017 on that chart is right where there's a little jog to the right, when it's just about to cross up over 26K. 

The Dow peaked at 37,033, one month before Trump handed the economy over to Biden, in Jan 2021.

That increase of 11,250 points represents a 44% increase in just 4 years, even during a global pandemic. 

By contrast, Joe's high point of 42,330, last month, was only 5,297 points above Trump's peak, for a far more modest increase of only 14%. 

Trump: Inflation was around 2%, so 8% total, but the Dow went up by 44%. So the Dow went up more than 5x as fast as inflation under Trump.

Under Biden inflation has averaged more than 5%, for a total of more than 20%, but the Dow only went up 14%. The Dow went up 30% slower than inflation under Biden. 

And your "inflation math" is nonsense. The chart you're showing is already adjusted for inflation. The market gains pictured are real. 

Edited November 1, 2024 by Hodad

[Nationalist]

14 hours ago, WestCanMan said:

Trump doesn't have to buy lies from WashPo or the phony endorsement of DC grovellers, the stats speak for him. 

Great post. Now watch these Libbies deny reality.

[CdnFox]

7 hours ago, Moonlight Graham said:

Its official:  through their magic wands Biden and Trump control the US and global economy LOL

If you were unaware of the facts that the government plays a very large role in how the economy does then may I suggest you read a book

While governments don't actually create jobs other than of course by direct government spending, they create the environment which will determine if business grows or not

It's like saying "dirt doesn't produce vegetables".  Very true, but the plants that do can't grow without fertile soil.  Gov't is the soil. 

How they handle taxes, how they spend tax dollars, the regulations they do (or don't) put on industry, the messages they send to investors about whether they'll support growth or not, the infrastructure they commit to building, the foreign policy that can dictate the price of oil and other commodities, the tarrifs and other things that may impact their competitiveness etc etc. 

These and a dozen more things that the gov't can do or not have huge impacts on economic growth, prosperity and stability. 

It would appear you were ignorant of even the basics. You need to educate yourself a little more before making statements that cause you to look like a simpleton. 

[WestCanMan]

3 hours ago, Nationalist said:

Great post. Now watch these Libbies deny reality.

They won't deny it at all: they'll avoid the topic completely.

Fact is that the Dow is "up" by less than inflation. 

I.e., the dollar value of those companies in the stock exchange hasn't increased due to their own growth or any other positive economic factors, their actual value has stayed relatively static while the dollar just got 20% weaker. 

[robosmith]

3 hours ago, Nationalist said:

Great post. Now watch these Libbies deny reality.

WCM is denying reality. Duh

Is the DJIA adjusted for inflation?

 

 

Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value. The current price of the Dow Jones Industrial Average as of October 24, 2024 is 42,374.36.

 

Dow Jones - DJIA - 100 Year Historical Chart - Macrotrends

Macrotrends

[Nationalist]

53 minutes ago, robosmith said:

WCM is denying reality. Duh

Is the DJIA adjusted for inflation?

 

 

Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value. The current price of the Dow Jones Industrial Average as of October 24, 2024 is 42,374.36.

 

Dow Jones - DJIA - 100 Year Historical Chart - Macrotrends

Macrotrends

Lol...nice try...

[WestCanMan]

1 hour ago, robosmith said:

WCM is denying reality. Duh

5.0x as fast as inflation under Trump

vs 

0.7x the speed of inflation under Biden

What do you have to say about that, robo?

Isn't it obvious to you now that Trump's economy obliterated Biden's economy? 

[WestCanMan]

@robosmith, where did you run away to now?

[WestCanMan]

Dear leftards, this is for your edification:

Here's how tariffs help the American economy, and obviously American companies:

• Tariffs are typically imposed for protection or revenue purposes. A protective tariff increases the price of imported goods relative to domestic goods, encouraging consumers to buy from local producers, who are thus “protected” from foreign competition. A revenue tariff, on the other hand, is mainly used to generate money for the government.

Protection:

• Example: A country, like China, uses slave labour or builds mega-factories in Mexico, like the auto plant China proposed there recently which trump crushed. Trump puts a tariff in place so that the US gov't gets a big chunk of cash whenever someone buys one of those things. A high enough tariff makes the foreign goods expensive enough that domestic buyers can get domestic products at or near the same price. 

Revenue:

• Example: A country, like China, uses slave labour or builds mega-factories in Mexico, like the auto plant China proposed there recently which trump crushed. Trump puts a tariff in place so that the US gov't gets a big chunk of cash whenever someone buys one of those things, even though the US doesn't compete in that market. Goods coming from friendlier countries, with lower tariffs, will benefit as well. 

 

 

Edited November 1, 2024 by WestCanMan

[robosmith]

56 minutes ago, WestCanMan said:

5.0x as fast as inflation under Trump

vs 

0.7x the speed of inflation under Biden

What do you have to say about that, robo?

Isn't it obvious to you now that Trump's economy obliterated Biden's economy? 

No, what is obvious is the DJIA data is adjusted for inflation. Duh

15 minutes ago, WestCanMan said:

@robosmith, where did you run away to now?

Other threads, dipshit.

[robosmith]

3 minutes ago, WestCanMan said:

Dear leftards, this is for your edification:

Here's how tariffs help the American economy, and obviously American companies:

• Tariffs are typically imposed for protection or revenue purposes. A protective tariff increases the price of imported goods relative to domestic goods, encouraging consumers to buy from local producers, who are thus “protected” from foreign competition. A revenue tariff, on the other hand, is mainly used to generate money for the government.

Protection:

• Example: A country, like China, uses slave labour or builds mega-factories in Mexico, like the auto plant China proposed there recently which trump crushed. Trump puts a tariff in place so that the US gov't gets a big chunk of cash whenever someone buys one of those things. A high enough tariff makes the foreign goods expensive enough that domestic buyers can get domestic products at or near the same price. 

Revenue:

• Example: A country, like China, uses slave labour or builds mega-factories in Mexico, like the auto plant China proposed there recently which trump crushed. Trump puts a tariff in place so that the US gov't gets a big chunk of cash whenever someone buys one of those things, even though the US doesn't compete in that market. Goods coming from friendlier countries, with lower tariffs, will benefit as well. 

Anyone with a brain understands ^these superficialities.

History shows they can start trade wars in which NO ONE WINS.

[Hodad]

20 minutes ago, WestCanMan said:

 

Revenue:

• Example: A country, like China, uses slave labour or builds mega-factories in Mexico, like the auto plant China proposed there recently which trump crushed. Trump puts a tariff in place so that the US gov't gets a big chunk of cash whenever someone buys one of those things, even though the US doesn't compete in that market. Goods coming from friendlier countries, with lower tariffs, will benefit as well. 

 

 

So you're saying it's like a massive sales tax, where people can buy the same product at a much higher cost, and transfer that money to the government! 

 

Now, suddenly, you LOVE giant consumption taxes that create a drag on the economy. 

 

I swear, you'd literally shove your own head up your ass if Trump proposed it. As opposed to how things are now, in which you just have your head figuratively up your ass. 

 

 

[WestCanMan]

48 minutes ago, robosmith said:

No, what is obvious is the DJIA data is adjusted for inflation. Duh

Other threads, dipshit.

The Dow barely went up under Biden.

Just 3.5% per year.

Inflation was over 5% while Biden was president. 

The Dow skyrocketed under Trump. It almost went up by 50%. It was at 11% per year, and that was with a pandemic. 

You have to multiple inflation under Biden by the increase in the Dow while he was POTUS just to be comparable to the rise in the Dow under Trump. 🤣

[WestCanMan]

1 hour ago, robosmith said:

Anyone with a brain understands ^these superficialities.

History shows they can start trade wars in which NO ONE WINS.

History also shows that if China opened up behemoth car plants in Mexico, they'd pollute the continent with cars built with ultra-cheap labour, and that would undercut the American auto industry. 

Sometimes you're not "starting" a trade war, you're already in one, but guys like Joe Biden are taking enough money in from the competition that they don't care. 

[Rebound]

On 10/31/2024 at 2:24 PM, WestCanMan said:

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

When Trump took over in January of 2017, the Dow Jones was only at 25,783. 

Jan 2017 on that chart is right where there's a little jog to the right, when it's just about to cross up over 26K. 

The Dow peaked at 37,033, one month before Trump handed the economy over to Biden, in Jan 2021.

That increase of 11,250 points represents a 44% increase in just 4 years, even during a global pandemic. 

By contrast, Joe's high point of 42,330, last month, was only 5,297 points above Trump's peak, for a far more modest increase of only 14%. 

Trump: Inflation was around 2%, so 8% total, but the Dow went up by 44%. So the Dow went up more than 5x as fast as inflation under Trump.

Under Biden inflation has averaged more than 5%, for a total of more than 20%, but the Dow only went up 14%. The Dow went up 30% slower than inflation under Biden. 

The Dow did not reach 37,000 in January 2021 or in December 2020.  It only broke 30,000 in January 2021, when it was clear that Biden would be President. And it’s been climbing steadily since.  

Edited November 1, 2024 by Rebound

[WestCanMan]

44 minutes ago, Rebound said:

The Dow did not reach 37,000 in January 2021 or in December 2020.  It only broke 30,000 in January 2021, when it was clear that Biden would be President. 

Thanks for posting that, it's always interesting to see the world through the eyes of a child every now and then.

FYI the two red lines I put on that chart show the trajectory of the DJA from March 2020 to about March 2021.

The first line, the longer one, is what the DJA was doing during the covid outbreak, under Trump's leadership. The second, much shorter one, is a continuation of the Trump economy's momentum which carried on after the election, but which quickly tapered off as Biden's disastrous changes to the economy started taking effect. 

And just look at what happened as the US got further and further bogged-down by Biden/harris policies....

If you look at that graph in terms of "where the momentum from Trump's economy carried the DJA through the first two months of Biden's presidency", it was at 39,248. 

What I'm about to say is probably gonna make you cry, but if you look at the beginning of Trump's presidency, the DJA actually did react sharply to his victory. 

The DJA was stagnant from Nov 2014 (23,800) to Oct 2016 (23,657), and then when Trump was elected IT CHANGED ITS TRAJECTORY SHARPLY. Look below:

1. The left is the last two years under Obama
2. the middle part goes from the month when Trump was elected until Biden's policies started taking effect
3. the right side is what happened while America was muddling along under Biden. 

There's no reason that you could possibly cite for the economy just radically skyrocketing in Nov 2016 aside from "the election".

And the only blip in sharp upwards trajectory in the line from March 2020 to March 2021 is from Biden theoretically winning. That was all Trump momentum, which died of when Biden's war on energy domestic energy started killing confidence in the economy. 

Edited November 1, 2024 by WestCanMan

[robosmith]

2 hours ago, WestCanMan said:

History also shows that if China opened up behemoth car plants in Mexico, they'd pollute the continent with cars built with ultra-cheap labour, and that would undercut the American auto industry. 

Sometimes you're not "starting" a trade war, you're already in one, but guys like Joe Biden are taking enough money in from the competition that they don't care. 

Oh, that must be WHY he's talking about 100% tariffs on Chinese cars. 💡

[WestCanMan]

5 minutes ago, robosmith said:

Oh, that must be WHY he's talking about 100% tariffs on Chinese cars. 💡

Bloomberg:

• Trump appears to be referring to the auto manufacturer BYD which announced plans earlier this year to build a plant in Mexico. Bloomberg reported in June that the plant would create 10,000 jobs, comparable to the country's largest auto factories.

  The company's Mexican head Jorge Vallejo said in October that it expected to sell 50,000 electric vehicles in 2024 and 100,000 in 2025, as reported by Reuters. Speaking to the outlet in February, BYD's Americas CEO Stella Li said the factory was for the Mexican market "not for the export market."

  However, in September Bloomberg reported, based on unnamed sources, that BYD would not announce a major plant investment until after the U.S. election, saying that the company had stopped actively searching for locations. 

A lot of things seem random to people like you.

• "Why did the DJA suddenly skyrocket in Nov 2016 after being 100% stagnant for 2 years...? How did Obama do that?" The short answer is, he didn't. 

The long answer is: "it's because confidence in the direction that the economy is headed drives investment".

When people see hard economic times ahead, like for example:

• people who want to invest in America see Biden's war on domestic energy coming, or
• people who have already got projects totalling $135B dollars worth of investment scheduled to start in Alberta's oil sands, all hear that Trudeau plans to eventually phase out the oil sands, or
• Chinese who want to invest in Mexican car manufacturing plants see Trump say that 200-300% tariffs are coming. 

they don't invest.

When people see Trump say "I'll open up domestic energy and remove regulations" they invest like mofos.  

[Rebound]

1 hour ago, WestCanMan said:

Thanks for posting that, it's always interesting to see the world through the eyes of a child every now and then.

FYI the two red lines I put on that chart show the trajectory of the DJA from March 2020 to about March 2021.

The first line, the longer one, is what the DJA was doing during the covid outbreak, under Trump's leadership. The second, much shorter one, is a continuation of the Trump economy's momentum which carried on after the election, but which quickly tapered off as Biden's disastrous changes to the economy started taking effect. 

And just look at what happened as the US got further and further bogged-down by Biden/harris policies....

If you look at that graph in terms of "where the momentum from Trump's economy carried the DJA through the first two months of Biden's presidency", it was at 39,248. 

What I'm about to say is probably gonna make you cry, but if you look at the beginning of Trump's presidency, the DJA actually did react sharply to his victory. 

The DJA was stagnant from Nov 2014 (23,800) to Oct 2016 (23,657), and then when Trump was elected IT CHANGED ITS TRAJECTORY SHARPLY. Look below:

1. The left is the last two years under Obama
2. the middle part goes from the month when Trump was elected until Biden's policies started taking effect
3. the right side is what happened while America was muddling along under Biden. 

There's no reason that you could possibly cite for the economy just radically skyrocketing in Nov 2016 aside from "the election".

And the only blip in sharp upwards trajectory in the line from March 2020 to March 2021 is from Biden theoretically winning. That was all Trump momentum, which died of when Biden's war on energy domestic energy started killing confidence in the economy. 

Lie all you want… the Dow never hit 30,000 under Trump, much less 37,000