Now wait a sec... we were told repeatedly how great the economy was under Trump because the market was soaring. We've gained almost 3500 points since election day.... does the stock market only matter when your preferred candidate is in office?
Originally Posted by Grace Preston
Where else are you going to put your money when inflation is 4% and interest rates are "0"? Bitcoin? Stocks in Zimbabwe and Venezuela went to the moon when hyperinflation set in and interest rates lagged behind. The people fared poorly. Not that we're anywhere close to that, or that will happen here, but same principle.
In 2019, before COVID set it, unemployment was around 50 year lows and median household income increased more than it had during the entirety of the Bush and Obama administrations. I don't give the credit primarily to Trump, although the corporate tax cuts and deregulation he and Congress engineered helped.