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I think it’s very unfair to paint trump in that light. Stock market is the main focus for any president, but that’s because companies on the stock market employ
by beachbau 6y ago
I think it’s very unfair to paint trump in that light. Stock market is the main focus for any president, but that’s because companies on the stock market employed A TON of PEOPLE. Of course there are companies who lay-off while stocks go vertical, but in general, stock prices rise allow companies to raise capital and hire more workers.
Also, this administration has been very active in getting money into the hands of the consumers directly. And also trying to shift work away from China back to the states
- avmich 6y agoYou're having things backwards, and I don't know where to start educating you, so I won't. Just remember some good rules of thumb: stock market isn't economy, allowing hiring workers isn't the same as hiring workers, US government is quite able to pursue conflicting goals at the same time. And welcome to Hacker News.
- stubtoe 6y agoYou have a 12 year old’s understanding of the world.
- arxv33 6y agoWhile I think it is unfair to downvote someone just for offering their point of view but I do disagree with your point of view. Trump got elected because of the working class who typically don’t see the light of increasing stock market. May be they should and may be having some kind of mandatory 401k match the administration was proposing at some point would help them but by and large they don’t. China is one area I think he has been more consistent with. But the market largely doesn’t benefit from that. That’s why market cheered when the trade deal was signed and now Wall St is largely behind Biden camp hoping the status quo persists. If anything stock market wants to see rising China and stable relationships even though it might hurt long term bottom line and jobs here in US.