ETA!!!
Sorry to offend so many people with this OLD meme in a MEME community!
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“Ok, yes, but remember when biden stuttered on stage that time? Obviously the best choice of the two was a child raping tyrannical imbecile old dude, and not the stuttering old dude. Obviously.”
The problem with making charts like this is that they are punchy to people who don’t understand that the stock market is not a very good indicator of economic health (and that it’s incredibly outdated by this point, making the numbers untrue) but anyone who actually does any investing, even casual investing, quickly realize that the DOW, NASDAQ, and S&P500 are completely unmoored from reality.
The fed talks about (but crucially does not commit to) a half percentage point interest rate cut next month? Line go up!
Tesla quarterly earnings beat their revenue goals, but not by as much as analysts predicted? Line go down!
The numbers will go up or down mostly irrespective of what the man in the oval office does. What Trump or Biden say and do as President certainly has an effect, but then the market forces usually correct it days later and it’s back to business as usual.
The more important stats to focus on are how regular consumers are feeling the pinch every day with the inflated cost of goods and services. Who cares about whether or not the wealthiest companies are doing well for themselves. If the stock market has a bad day, just wait a month and you’ll be back in the green again. If the consumer market is having a bad day, it’s not likely going to be isolated to just one day.
I don’t give a fuck about the GDP, the Dow, or the S&P when no one I know can afford the price of food.
Uh…when was this image made? S&P is currently at 6447.
It keeps going back up after he delays his illegal tariffs
he inherited a good situation twice now, dropped the ball last time, doing it again
Hey, remember how during the 2016 election cycle, Obama said “Trump doesn’t have a magic wand, he can’t fix the economy”? And then later when trump was in office and the economy was good, he said “Trump is bragging about my economy”? Well which is it?
(It’s a moot question because the US economy has been founded on unsustainable money printing since 2009)
Which Republican president are you even talking about? Oh, all of them.
He didn’t drop the ball. He pulled a knife out of his pocket and slashed it, then said Biden dropped it.
He’s right. Six months ago Trump was still settling into his term and I knew the country and democracy had failed. This is the only thing he hasn’t lied about.
whAt ABouT eGg pRICes?
Seems to be a running theme for Republican presidents, especially Trump.
