4 ms·
This is nothing more than a sugar high before the inevitable Trump crash. He likes to take credit or stuff other people did. Then when Trump actually does somet
by thegayngler 10y ago
This is nothing more than a sugar high before the inevitable Trump crash. He likes to take credit or stuff other people did. Then when Trump actually does something and it doesn't go well he pushes the blame onto someone else.
The stock market indexes were already up significantly as a result of Obama's policies. I'm just not here for Trump or others assigning credit to Trump for something Trump had very little to do with.
This is what you call speculation. Under Obama people had to prove out their finances. Under Trump gut feeling is enough.
- thegayngler 10y agoI got down voted for this. However, I was right that it was a sugar high and not based on the numbers. It was some blanket assumption that Trump would automatically be "good for the market" because "deregulation". Deregulation isn't always good. "Customers" will be a lot less likely to spend money if they aren't adequately protected when they do. Regulations also exist to protect the health and safety of the US citizens. It protects business from getting sued when they didn't follow the regulations. So businesses and consumers benefit from regulation and that there is no gain to be had here. We are just trading the small gains in stock price for lots of additional risk legally and otherwise. I didn't even bring up the fact that Trump may unwittingly get us into a trade wars with some of our biggest trading partners by threatening to go to war with them or threatening them with tariffs when they don't do what we say.