| | | An ill-informed, and no doubt "anti-Trumper", replied to your post with a chart on which he based unfounded "conclusions(?)".
I have used that chart and placed some FACTS on it which clearly shows that Obummer had nothing to do with the initiation of the rescue process that the then Treasury Secretary, Henry Paulson, put into effect IN SEPTEMBER 2008, using the $700 Billion BAILOUT finance that Congress had approved.
Obummer only assumed office in January 2009 !!
Needless to say, the recovery of the American market, and most especially the Banking Sector, which had been "decimated" as a result of the Subprime Mortgage Crisis, did not recover Overnight. That degree of crisis takes a reasonable amount of time, for obvious reasons.
It was only in late 2012 that the Market had regained roughly what it had lost, and there was some minor improvement over about 6 months in 2013.
However, for the next 3 YEARS, during Obummer's period, the Market moved SIDEWAYS SHOWING NO SPECTACULAR IMPROVEMENT.
The Market's performance has only showed a definite and sustained UPWARD MOVEMENT since Donald Trump took office and put several of his proposals into effect. And that Upward Movement was combined with a VAST INCREASE IN VOLUMES TRADED. When you have Upward movement together with increased volume that is generally confirmation of a thriving Market where participants have confidence in the economy.
I, once again, post a relevant chart in the above regard ....
So to come up with a chart and draw superfluous conclusions, without realizing or understanding the history behind what appears on that chart, is a joke .... which is not surprising considering from whence it came ..... |
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