As I pointed out in another thread, in Obama's first 18 months in office the DJIA went up 72%. Many of us who had money in the stock market at that time made quite a bit of money. Yet in the mid-term elections of 2010 Democrats lost 6 Senate seats and 63 House seats. And although Trump's approval rating on the economy is high (about 68% believe U.S. economic conditions are "good" and approximately 50% approve of Trump's handling of the economy) his overall approval rating hovers around 40%.
Approval rate on taxes 45%. Foreign affairs 40%. Foreign trade 38%. Immigration 37%. Environmental policy 31%.
Obviously there's more to how people see Trump's success as POTUS than how he has done on the economy. How that lack of approval turns into votes in November will be interesting.
https://www.washingtonpost.com/blogs...=.2677b3eafe39
Originally Posted by SpeedRacerXXX
We all made a lot of money in the markets during the Obama years, but what does that have to do with anything he did? Mostly, he had the good fortune to get into office after the economy took its worst nosedive in generations. After the fed dumped rates to neat zero and kept them there for a long time, how could stocks have not gone on a tear?
Look, I largely agree with you about Trump. He's a train wreck in a variety of ways, but I am on board with the notion that we needed a corporate tax cut to bring rates more in line with those in the rest of the world, and regulatory relief that has brought about renewed optimism.
Now we will just have to see if we can keep it up. Long road ahead.