Americans could not have had it better, given the initial circumstances he inherited. Now, what will Trump do?
Six months does not an economic nirvana make, nor lying about all the non-existent jobs to his Kool-Aid drinkers, but we'll have to wait and see what would result of a failure to come up with a satisfactory health care plan, good infrastructure and tax relief.
Message Board Archives
Eight years of Obama: 235% stock market return
In reply to ProWI
Trump ship is Sinking , it is taking on a Lot of Water .As I stated months ago . There will be an Asterisk either
before or after Trump's name .
In reply to ProWI
Bush gave a platform to Obama to showcase those 235% returns in the market..
The market hit a nadir within 2 months of Obama taking oath while markets continue to hit new highs even 6 months after Trump taking office..
In reply to Khaga
Whether you recognize or not, you are admitting Trump is riding high on the coattails of the Obama economy given to him as a parting gift.
In reply to Khaga
lol...leave the non-mathematicians and charlatans to their semantics...
In reply to ProWI
and you are admitting that Bush made Obama look better..
In reply to DAVE400
To think Obama's claim to fame was change in Main street and not Wall Street..
In reply to Khaga
Look, Presidents usually have very little to do with economic growth and the stock market. Obama is unique in that the Government had to pump billions into the private sector to get the economy moving. The markets were sliding under Bush.
In reply to black
TARP was implemented under Bush..TARP was responsible for arresting the slide in the financial systems..If ProWI is attributing 235% rise to Obama, I'd argue that 117.5% belongs to Bush..
In reply to Khaga
True, but it was right at the transition point, so I'm not sure you can give him credit.
Under Obama, the Feds kept interest rates low and forced the banks to get their houses in order.
In reply to black
It's a billion dollars Bush administration approved, even before the election of Barrack Obama and went into effect immediately..If Obama claims credit on Bush's work, nothing wrong in Trump claiming the spoils of Obama's alleged work..
In reply to Khaga
Kill them with facts!
In reply to Khaga
It was not just monetary, other policies and regulations were implemented by the Obama's Administration, as well. The same policies that Trump is trying to reverse, the ones that got us in this mess.
In reply to black
How did Obama's Solyndra venture work out?
The biggest oil spill occurred under Obama's regukatd EPA watch..flash crash occurred under Obama..
Facts are stubborn things. By measures that count, the last eight years have been a time of steady improvement, though short of a record-setting boom. Only one of the last six presidents led the U.S. during a more vigorous economic period. That was Clinton, and he gives Obama extra credit because of the financial crisis.
President Obama started with a much weaker economy than I did, Clinton said in his nominating speech at the 2012 Democratic Convention. No president -- no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years.
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In reply to Khaga
You win some, you lose some. Other green projects worked out quite well.
If Obama had his way, they would not be drilling there in the first place.
Still, when the Solyndra case emerged, Republicans on Capitol Hill had pointed criticism for the Obama administration. Rep. Steve Scalise, R-La., called the Solyndra case "disgusting," and Sen. Lisa Murkowski, R-Alaska, labeled it "a colossal failure." The conservative group Americans for Prosperity produced a television ad accusing President Obama of paying back campaign contributors.
There was an FBI raid on Solyndra's headquarters and an investigation but, so far, no prosecutions. Now that the loan program is turning a profit, those critics are silent. They either declined or ignored NPR's requests for comment. And with that, Energy Secretary Ernest Moniz wants to change people's perception of his agency's loan program.
"It literally kick-started the whole utility-scale photovoltaic industry," Moniz says. The program funded the first of five huge solar projects in the West. Moniz says before that, developers couldn't get money from private lenders. But now, with proven business models, they can.
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In reply to black
Black...the notion that a 235% rise in the stock market had 50% to do with the previous, 2-term president is absurd!
All economic indicators had the US on the brink of a depression when Obama took office...and it was getting worse!
Khaga is right...technically TARP did start under Bush***but at least 80% of the bailing out was effected under the Obama administration.
How do we know?...because the Republicans were cussing him out for these huge bailouts and used the Main St. to Wall St. slogan to increase their influence in Congress.
The bailout worked! The government has been repaid with interest! Real Estate has recovered and is still recovering! The economy is on more stable ground as reflected in the stock market value.... but people want to give Bush credit for it!
In reply to black
Other green projects worked out quite well.
Like what? Collapse of the coal industry with no alternative for those miners?
During the Bush years, the Minerals Management Service, the agency in the Interior Department charged with safeguarding the environment from the ravages of drilling, descended into rank criminality. According to reports by Interior's inspector general, MMS staffers were both literally and figuratively in bed with the oil industry. When agency staffers weren't joining industry employees for coke parties or trips to corporate ski chalets, they were having sex with oil-company officials. But it was American taxpayers and the environment that were getting screwed. MMS managers were awarded cash bonuses for pushing through risky offshore leases, auditors were ordered not to investigate shady deals, and safety staffers routinely accepted gifts from the industry, allegedly even allowing oil companies to fill in their own inspection reports in pencil before tracing over them in pen.
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In reply to SirGarny
Obama could have halted and repealed TARP, if he wasn't a complying follower of Bush..
This potential windfall was met with disinterest, if not skepticism, in the Republican-controlled Congress.
When we included the proposal, no Republican member of Congress was willing to touch it at first, said Jason Walsh, a senior policy adviser at the Domestic Policy Council in Obamas White House who helped craft the plan. Then someone stepped forward. Representative Hal Rogers, a Republican whose district encompasses all of Appalachian Kentucky, proposed a bill of his own, piggybacking on the White House proposal. He called it the RECLAIM Act.
I refuse to let the Obama administration off the hook for its role in systemically destabilizing and dismantling the Appalachian coal industry, Rogers told POLITICO Magazine. However, neither Democrats nor Republicans have a monopoly on good ideas, and Ive always been willing to partner with anyone who wants to create opportunities in Southern and Eastern Kentucky.
If youre wondering what happened to this exemplary act of bipartisanship, it was quashed by members of Rogers own party. How that happened is a story of political self-interest that challenges some of the standard narratives of the War on Coal. And it remains an open question whether this Congress will finally find a productive use for that $1 billion that is sitting largely untouched in the federal coffers.
***
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In reply to Khaga
Dude, coal is dead. It is no longer competitive with natural gas. Besides, innovation is what is taking jobs away from miners.
Oh Dear! Poor Khaga can't deal with facts. Did he actually read the article or that 235% figure in the post heading just blew his head up?
Like a drowning man gasping for air, he tries to come up with a whole set of side issues, which can be easily refuted with more facts, as some have done above. For the likes of Khaga, Nickoutr and Nitro, facts act as a repellent to run from and to obfuscated with alternatives.
Not to mention how Obamacare unravelled right before he left office with exploding premiums..
In reply to Khaga
Where is the replacement?
In reply to black
This is about Obama that his ass kissers want to celebrate so much..
In reply to Khaga
BS...easily refutable like all the other BS you have posted
In reply to Khaga
If Obamacare is so horrible, how come the Republicans cannot come up with something suitable after 7 years?
In reply to black
If Obamacare is so good,how come premiums are exploding even when Obama was in power?
Obama was a con artist..
Obambis should realize that their god helped create the widest wealth gap in the history of mankind..
In reply to Khaga
Obama was a con artist..
The program was designed to get as many healthy people enrolled as possible, to offset the people that are old, poor and with preexisting conditions but Republicans sabotaged the program from the beginning by encouraging people not to enroll. They never wanted such a program, even though it was pretty obvious that the old system was not working. They used it for political advantage and never had any intentions of replacing it, that is why they find themselves in the position they are in, today.
In reply to black
but Republicans sabotaged the program from the beginning by encouraging people not to enroll.
Lame..
In reply to Khaga
Fact.
Republicans attached labels to the ACA such as, death panels, socialized medicine, Obamacare, etc...
Those fcukers voted 60 times to get rid of Obamacare, because they knew it wouldn't get past Obama. Now they control the government and cannot do shit.
The market tanked 25% between Obama's election and 2 months of his inauguration..It had to come up 50% just to make that up..
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