The new MAGA talking point: stocks are at record highs because Trump will win

[GAinDC]

The copium is unbelievable:

https://twitter.com/verticeses/status/1791167137777684825

https://twitter.com/BrockLundgren/status/1791161023250010485

https://twitter.com/richarddibX/status/1791148267558011377

https://twitter.com/TooMuchSassForX/status/1791131566229319973

[Landslide Lyndon]

They were already saying it last year every time stocks hit a new high.

[GAinDC]

If this were even remotely the case, the DJIA would basically serve as a betting market, reacting the strongest to polling, fundraising numbers and campaign news cycles.

Instead, it reacts to current economic data -- mostly good news that is happening while Biden is president.

Do Trump supporters not know how the stock market works?

[NYSforKennedy2024]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

[President Johnson]

I thought the real reason is because Trump actually still is president. I mean, he won the last election in a massive landslide.

All kidding aside, it's quite telling this talkpoint is coming from the people claiming liberals would be out of touch. It's always projection.

[Fmr. Pres. Duke]

If this were even remotely the case, the DJIA would basically serve as a betting market, reacting the strongest to polling, fundraising numbers and campaign news cycles.

Instead, it reacts to current economic data -- mostly good news that is happening while Biden is president.

Do Trump supporters not know how the stock market works?

Most diehard Trump supporters don't own stock. They just go along with it because it makes them sound cool and Trump talks about it.

[GAinDC]

If this were even remotely the case, the DJIA would basically serve as a betting market, reacting the strongest to polling, fundraising numbers and campaign news cycles.

Instead, it reacts to current economic data -- mostly good news that is happening while Biden is president.

Do Trump supporters not know how the stock market works?

Most diehard Trump supporters don't own stock. They just go along with it because it makes them sound cool and Trump talks about it.

but yet, when stocks reach record highs under Biden they cry crocodile tears and remind everyone that "the stock market is not the economy!!!!!"

[GAinDC]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

[NYSforKennedy2024]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

[GAinDC]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

Real wages (wage growth minus inflation) have been positive for a year now, and it's higher than it was during Trump's presidency pre-COVID (before we gave everyone free money and inflated household budgets). I think at this point, a lot of the belly aching over higher prices is not in good faith and is totally political.

https://twitter.com/David_Charts/status/1689636101017989121

[GP270watch]

The copium is unbelievable:

[Born to Slay. Forced to Work.]

Every real person knows the stock market doesn’t matter outside retirement funds we’ll never get to use

[GeorgiaModerate]

Just remember that the MAGA philosophy boils down to two simple points:

1. Everything bad that happens anywhere in the world is Biden's fault.

2. Everything good that happens anywhere in the world is because of Trump.

[NYSforKennedy2024]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

Real wages (wage growth minus inflation) have been positive for a year now, and it's higher than it was during Trump's presidency pre-COVID (before we gave everyone free money and inflated household budgets). I think at this point, a lot of the belly aching over higher prices is not in good faith and is totally political.

https://twitter.com/David_Charts/status/1689636101017989121

Wow! It’s almost like every President who prints more money than the last sees the real wage rise; almost as if letting the money printer rip at full speed has an impact on the need for wages to increase. Definitely no correlation or causation here, Krugman!

[Storr]

I said this a lot during the Trump administration, but it still applies: the stock market is not the economy.

The MAGA obsession with the stock market is so weird.

[GAinDC]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

Real wages (wage growth minus inflation) have been positive for a year now, and it's higher than it was during Trump's presidency pre-COVID (before we gave everyone free money and inflated household budgets). I think at this point, a lot of the belly aching over higher prices is not in good faith and is totally political.

https://twitter.com/David_Charts/status/1689636101017989121

Wow! It’s almost like every President who prints more money than the last sees the real wage rise; almost as if letting the money printer rip at full speed has an impact on the need for wages to increase. Definitely no correlation or causation here, Krugman!

This is adjusted for inflation, so that's not a factor here.

[NYSforKennedy2024]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

Real wages (wage growth minus inflation) have been positive for a year now, and it's higher than it was during Trump's presidency pre-COVID (before we gave everyone free money and inflated household budgets). I think at this point, a lot of the belly aching over higher prices is not in good faith and is totally political.

https://twitter.com/David_Charts/status/1689636101017989121

Wow! It’s almost like every President who prints more money than the last sees the real wage rise; almost as if letting the money printer rip at full speed has an impact on the need for wages to increase. Definitely no correlation or causation here, Krugman!

This is adjusted for inflation, so that's not a factor here.

And by that same statistic?

https://jacobin.com/2023/12/real-wages-joe-biden-administration-economy

But I thought this was all political bias?

[GAinDC]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

Real wages (wage growth minus inflation) have been positive for a year now, and it's higher than it was during Trump's presidency pre-COVID (before we gave everyone free money and inflated household budgets). I think at this point, a lot of the belly aching over higher prices is not in good faith and is totally political.

https://twitter.com/David_Charts/status/1689636101017989121

Wow! It’s almost like every President who prints more money than the last sees the real wage rise; almost as if letting the money printer rip at full speed has an impact on the need for wages to increase. Definitely no correlation or causation here, Krugman!

This is adjusted for inflation, so that's not a factor here.

And by that same statistic?

https://jacobin.com/2023/12/real-wages-joe-biden-administration-economy

But I thought this was all political bias?

That COVID spike matters. Real wages skyrocketed because of the impacts of COVID. If you go by pre-COVID, real wages are not much different compared to Trump's term.

However, if you want to focus on the 2020 numbers then you also have to acknowledge that Trump presided over the largest spike in unemployment since the Great Depression.

COVID isn't an asterisk for Trump only when you want it to be...

[NYSforKennedy2024]

People purposefully conflate the consumer economy with the overall economy with blatant political bias, and this is a perfect example.

Yeah, the major indices and big banks and companies are reaching record highs, which is a valid "Biden Win"; but the consumer class (particularly the poorest of the poor with a lot of consumer debt and minimal investments) are suffering under historically high interest rates and inflation in food, auto, and consumer goods.

It's a "Biden Win" so much as you realize that it comes at the cost of a good portion of America still suffering. If the Trump campaign had a brain cell of intelligence and an ounce of class consciousness, they'd use this talking point; but you only ever really see people like Tucker Carlson mention it from this perspective.

There are a lot of middle class and working class people who own stocks (more than half of all Americans), so this is good news for the average joe as well.

Of course, but in the mind of a frustrated voter; what good is my 401(K) at 8% when gas is $3+ per gallon, and a cart of groceries is nearing $200+?

Inflation is both killing them now, and in the long run by slowly eating away at the ROI of that 8%.

Real wages (wage growth minus inflation) have been positive for a year now, and it's higher than it was during Trump's presidency pre-COVID (before we gave everyone free money and inflated household budgets). I think at this point, a lot of the belly aching over higher prices is not in good faith and is totally political.

https://twitter.com/David_Charts/status/1689636101017989121

Wow! It’s almost like every President who prints more money than the last sees the real wage rise; almost as if letting the money printer rip at full speed has an impact on the need for wages to increase. Definitely no correlation or causation here, Krugman!

This is adjusted for inflation, so that's not a factor here.

And by that same statistic?

https://jacobin.com/2023/12/real-wages-joe-biden-administration-economy

But I thought this was all political bias?

That COVID spike matters. Real wages skyrocketed because of the impacts of COVID. If you go by pre-COVID, real wages are not much different compared to Trump's term.

However, if you want to focus on the 2020 numbers then you also have to acknowledge that Trump presided over the largest spike in unemployment since the Great Depression.

COVID isn't an asterisk for Trump only when you want it to be...

Hmmm…that COVID spike, which was caused by money printer go brrrrr?

[Absentee Voting Ghost of Ruin]

Just remember that the MAGA philosophy boils down to two simple points:

1. Everything bad that happens anywhere in the world is Biden's fault.

2. Everything good that happens anywhere in the world is because of Trump.

It's just a variation of the core right-wing belief that anything bad that happens to them must be someone else's fault, and everything good they experience was only because of their own merits (which in turn, are not recognized by all those evil "other" people).

[ProudModerate2]

I wonder how deep and wide such ridiculousness will be accepted and repeated by the trump cult.
Hilarious.