Under Trump's Presidency, the Dow Jones hit a new record of 25,000

[Luk]

So what?

In my life, every Republican administration has left the economy in worse shape than they received it in, and every Democratic Administration with the exception of Carter left it in much better shape. [/B](I count H.W. Bush as the same administration as Reagan, it was Reagan era deregulation and Trickle Down economics that led to that recession.)

It is an identical pattern every time, changing only in the speed with which it happens. A Republican takes office, the markets pick up in anticipation of deregulation and corporate tax cuts.

After a few good public relations aimed moves, corporations do what they are contractually obligated to do when they are more profitable. No, that’s not give their employees more money. It’s give their shareholders more money.

The impact of the cuts has no impact on the lower end, growth doesn’t happen, and inflation begins to rear its head, decreasing buying power and slowing growth. The same growth the administration was counting on to make up for lost revenue from corporate tax cuts.

For those who can't be bothered to read;

https://i.imgur.com/wcaFmQq.png?1

https://i.imgur.com/Fi8S55l.png?1

 

[Saint_Ann]

Mostly, presidents ride the economy like a coconut in a sea of waves.

 

[someoneyouknow]

The Dow's record is 26,616. It's been languishing around 24,000 for almost a year.

With the tariffs starting to kick in and inflation rising, it will start to fall as job losses mount.