Sigh... Ok liberals, or anyone who claims Obama was way better for the economy than Trump, I'd like you to consider how the stock market responded to Obama versus Trump. The market isn't really a metric of economic health, per se, but is a pretty good metric of economic confidence. Consider the DJIA on the following auspicious dates:
November 4, 2008 (election day): 9,625
November 5, 2009 (the next day): 9,139 (the market plummets 486 points - that is incredible)
October 13, 2009 (342 days later): 9,871 (732 points up from 11/5)
November 6, 2012 (election day): 13,246
November 7, 2012 (the next day): 12,933 (the market plummets 313 points - ouch)
November 8, 2016 (election day): 18,363
November 9, 2016 (the next day): 18,590 (the market leaps by 227 - weird....)
October 17, 2017 (342 days later): 22,997 (4,407 point gain)
Ok, so key takeaways:
1. The markets did quite well under Obama, gaining 9,224 points from his election to Trump's election.
2. But investors sure hated Obama being elected in general, punishing the markets the day after both his elections.
3. By contrast, investors loved Trump's election, adding 227 points the day he was elected.
4. And most staggering of all, the markets have added 4,407 points in the 342 days since Trump was elected.
That's right, in less than one year under Trump, the markets have surged by nearly half the points it took Obama 8 years to gain.
None of this was hard to look up. It was actually really easy.
