Thursday, May 23, 2019

May 31, 2019: Trump vs. Obama: The Battle of Dow Jones


5/31/19: Someone apparently poked President Trump in his fat ass with a sharp stick. Angered by what he views as Mexico’s failure to stop migrants from reaching the U.S. border, he orders a 5% tariff slapped on all Mexican goods entering the United States.

This idea is so dumb that even Republicans who have stood idly by and watched Trump pander to Vladimir Putin and Kim Jong-un, who didn’t mind when he said he could pardon himself, who haven’t cared about his sustained attacks on the free press, finally began to complain. The stock market reacted badly and continues its May swoon, falling to 24,815 by the end of the day.

The “good news” for Trump? This will allow him to brag again—for a fourth time—when the Dow rises above 25,000 again.

As in the following tweets:

January 4, 2018: Dow just crashes through 25,000. Congrats! Big cuts in unnecessary regulations continuing.

January 4, 2018: The Fake News Media barely mentions the fact that the Stock Market just hit another New Record and that business in the U.S. is booming...but the people know! Can you imagine if “O” was president and had these numbers - would be biggest story on earth! Dow now over 25,000.

July 14, 2018: The Stock Market hit 25,000 yesterday. Jobs are at an all time record - and that is before we fix some of the worst trade deals and conditions ever seen by any government. It is all happening!

January 30, 2019: Dow just broke 25,000. Tremendous news!

Need this simple blogger point out, it is hardly “tremendous news” when the Dow hits the same level a year later, it hit the year before?

Also, for pure amusement’s sake, can we compare the performance of the stock market in Mr. Obama’s first 28 months in office, with a comparison during the Art of the No Deal President Trump during his first 28 months.

Yes, we can!

The Dow opened at 8,281 the day President Obama took office, and closed at 19,804 on January 19, 2017, his final full day in the White House.

Trump took over and charged into action and Trump fans knew America was going to be great again at last—and “repeal and replace” would be easy—and the stock market would soar. And here we are! On May 31, the Dow closes at 24,815, having slumped badly in the face of threats of fresh tariffs and increasing potential disruptions of trade.

As of this moment, the Big Orange Buffoon has the Dow up 26.4%.

Trump and his fans probably believe that the market crashed while Obama went off all the time to play golf. In fact, on May 31, 2011 it closed at 12,570 for the day.

That would mean…

sounds of calculator buttons…

…the Dow was up at that point by 46.2%.

Read 'em and weep, Trump lovers.

*

TRUMP’S OLD PAL, Kim Jong-un does what Trump can only dream of doing. In the wake of the failed Hanoi summit, it has been reported that he got rid of a few of his top foreign policy advisers by ordering them executed.

Still, Trump loves the guy—and they agree on Joe Biden and his low I.Q. (See: 5/26/19.) 

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