S&P 500 surged 235% under Obama, best half yearly numbers for any President

[Shadows]

President Donald Trump has been tweeting more frequently about the stock market, whose record-setting performance has been one of the highlights of the 45th president. But it turns out, equities were advancing even more quickly in the early days of President Barack Obama.

President   S&P 500, taking office through end of July
Eisenhower   -5.3%
Kennedy   11.3%
Nixon   -9.7%
Carter   -4%
Reagan   -0.6%
George H.W. Bush   20.7%
Clinton   3.4%
George W. Bush   -9.8%
Obama   22.6%
Trump   8.8%

https://www.marketwatch.com/story/obama-trumps-trump-in-stock-market-gains-through-july-2017-08-01

When Barack Obama was sworn in as the 44th president of the United States on January 20, 2009, the U.S. stock market was in free fall. The financial crisis was in full swing following the collapse of Lehman Brothers and the Standard & Poor’s 500 index, a popular measure of the U.S. stock market, closed at 805 points on Inauguration Day. Eight years later, the S&P 500 index has risen to 2,274 points after one of the great bull runs in stock market history. With Obama as president, the U.S. stock market, as measured by the S&P 500, returned 235%, or 16.4% annualized.

The Obama stock market trounced the stock market of his presidential predecessor, George W. Bush, which fell 30.6% from January 20, 2001 to January 20, 2009. Bill Clinton’s stock market, however, beat the Obama stock market, returning 264%, or 17.5% annualized.

Both Silicon Valley and Wall Street did well under Obama. Information technology was the second-best performing sector of the U.S. stock market during the Obama presidency, returning 285%. And while bankers complained about being political targets and dealt with new regulations limiting their risk-taking activities, Wall Street recovered in the years after banks received bailouts. Financial stocks were the third-best performing sector in the U.S. stock market during the Obama years, rising 261%.

https://www.forbes.com/sites/nathanvardi/2017/01/17/inside-the-obama-stock-markets-235-rise/#6044af3216d1

In terms of cutting deficits or giving a huge return to investors, Dem Presidents have done a far better job than the GOP has.

And people wonder why sensible business people prefer Democrats over a party filled with social conservatives, racists, etc. Big business & the economy does far well under a Democrat than a Republican even though Republicans try to give their donors big tax cuts.

[TheSaint250]

Do you ever know when to stop?

You give an article about the economy and then end it with "yeah, take that, you f***ing racists"

[Fuzzy Bear]

If you will notice, I do not sing the praises of the Trump Economy.

Obama's economy involved slow and steady growth which, as much as it could, rebuilt the floor of the American economy, which was WAXED in 2008.  It was waxed as a result of the "Cash Out America" program that the GOP is famous for; create a boom to get re-elected.  My biggest concern with Trump is that he's following this aspect of GOP economics that Bush 43 advocated, to our detriment.

[Shadows]

If you will notice, I do not sing the praises of the Trump Economy.

Obama's economy involved slow and steady growth which, as much as it could, rebuilt the floor of the American economy, which was WAXED in 2008.  It was waxed as a result of the "Cash Out America" program that the GOP is famous for; create a boom to get re-elected.  My biggest concern with Trump is that he's following this aspect of GOP economics that Bush 43 advocated, to our detriment.

That is true. These destructive cut taxes & deregulation leads to boom & bust cycles like it did pre-Great Depression until FDR put the New Deal coalition. However, as much Obama did to stabilize the economy which was destroyed, the economic recovery & new income gains were disproportionately benefiting the ultra rich, which conservatives & progressives both should accept.

Income inequality increased massively, most of the new income went to the top 1%. The equity market boomed & investors made a killing but real wages fell or stagnated. Minimum Wage has not increased for so many years. If anything, the problems after the Obama era is that working class & middle class people barely recovered from the crash while Corporates are sitting on record profit. That problem is barely addressed by Trump's tax reform package.

[TheSaint250]

That problem is barely addressed by Trump's tax reform package.

It's funny that you think Trump is doing anything in regards to tax reform.

Congressional Republicans could raise taxes 50% across the board and he would sign it. Anything to do no work and look like he did something.