Biden's Economic Performance v. DJT-45's

@Heartlander Funny?

How is the economic data from the government funny?

DJT also has acted so as to get our nation's credit downgraded. Is that funny?

Or are you just like the lottery player who crows about each "winning" ticket but fails to acknowledge the losses?

DJT tanked the economy last time. You have very rosy glasses.

@Heartlander So I'm sure you can show us the Financial statements that prove your claims?

@SomeMichGuy


If anyone believed that Harris would be president.

Where in your rosy statistics is the cost of providing goods and services for illegals? or the replacement cost for the $billions of weapons abandoned in Afghanistan? or the replacement cost of the rockets, aircraft, drones, etc. sold to Ukraine and paid for with US monies borrowed from China and given to Ukraine?

Biden in a demented moment even bragged about giving billions to Ukraine without accountability was good for the US economy.

@22Michelle

Of course I can .... but I won't.

Has anyone seen their IRA or 401 go south since the November elections?

@Heartlander


They aren't my statistics, they are official statistics of the government.

They are reality.



Are you serious? Depends upon when you look...

@Heartlander
Yes. I have.
It took a big hit with the 2008 crash, made it all back and a lot more under Obama, took another hit in the covid recession under Trump, again made it all back and a lot more under Biden, and now taking another big hit because of Trump's chaotic off and on tariffs.

@Heartlander Exactly the reply I expected, so we can all ignore your claims

@robingoodfellow

What??? You missed all those low hanging fruit buying opportunities?

Can I share some investment advice? I’m not bragging, just passing on what I learned from others who were a lot smarter than me. Here goes:

BUY LOW - SELL HIGH’

@Heartlander So @SomeMichGuy provides detailed factual statistical evidence for his points and you can not counter a single point made. The points made are real whether you are unable to wrap your head around them or not. Political affiliation has nothing to do with the evidence provided.

Of course for you it is clearly all about ideological beliefs and to prove your point you go on to present your own misinformation that is easily debunked.


Since you claim the market performed poorly during the Biden administration and has done amazing since Trump was elected again let's examine the facts.

I'll examine your claims one by one.

You claim
At your age you should have very limited exposure to equities and the majority of your retirement should be in fixed assets so market fluctuations should have minimal impact on your retirement accounts regardless but ignoring the obvious I'll continue.

You claim during Biden's administration our IRA's lost money. That is possible for individuals that tried to pick their stocks or time the market but if that is the case the blame is entirely on that individual and wouldn't apply to "our IRA's". It seems that your prefer to pick your starting time at the time of the election as opposed to inauguration since you also claim in your statement that
So lets see if that is remotely true.

During Biden's term election day to election day the market represented by the S&P 500 performed as follows:


So somehow you managed to lose money while the S&P 500 rose over 83%. So you are either lying or responsible for your own loss.

You also claim that since Trump's reelection all the losses were recovered. Ignoring that there was a large gain rather than a loss lets examine the rest of your claim.

The S&P 500 performed as follows since Trump won reelection.


So the market has risen 3.7% and you claim that 3.7% increase is enough to erase all the fictional loss in the prior 4 years and add significant gains. Again pure BS.

Then you double down and say
Reality is we are currently up a mere 3.7% as shown above but we just had a 20%+ decline in the last couple of months due to Trump's global trade war. So have we seen our 401K's go south since the November elections the answer is a resounding yes and although the market is above the highs since the November election it has not recovered to it's previous record high as shown below.


I rarely get involved in political debate because it is nearly impossible to change anyone's mind. That said I've seen you post ridiculously false claims before and yet again here. I hope you are able to open your mind to reality and actually accept your beliefs are simply not true. It doesn't make anyone a Dem or Rep to accept reality. It means they are rational. We all should question what we are told rather than blindly believe something because your political party tells you it is true.

You seem to believe your political affiliation somehow matters in what is factual so for the record, I'm an independent and always have been. It may shock you to know that whether a Democrat, Independent, or Republican reviews the market performance over the same period of time the numbers will be the same. Sorry sometimes the truth hurts.

@DomMan67 Thank you, sir, for adding more data to this discussion.

@SomeMichGuy You are welcome and you did a hell of a lot of work yourself. Well done! Unfortunately it appears there is a segment of society that is now immune to data reality. It is more about belief and that is incredibly unfortunate. Maybe we can change one mind but I doubt it. 😂

@DomMan67 Thank you!

Sadly, the people quoting Isaac Asimov and Carl Sagan are right; the US has had a strain of anti-intellectualism which is dangerous.

@SomeMichGuy I couldn't agree more. The regression is remarkable and scary.

@DomMan67 Well, extremism took Germany from what people of the era call the center of Western culture to a pariah, and it took time to rebuild.

And that's with people known to be logical, etc.

The fact that a segment of society here wants to purposefully march into a new "dark age" is so odd...denying intelligence, innovation, science...by using technology built upon applications of quantum mechanics...!