3 ms·
The market under Trump did pretty well. Look at the SP500 by president: https://www.macrotrends.net/2482/sp500-performance-by-president https://www.macrotrends.
by jokethrowaway 5y ago
The market under Trump did pretty well. Look at the SP500 by president: https://www.macrotrends.net/2482/sp500-performance-by-president https://www.macrotrends.net/2482/sp500-performance-by-presid...
Not that the president is personally responsible for market performance but you seem to be fixated on Trump if you think his comments caused you to lose 100k.
The recent stock market dive happened because we printed 80% of the dollars in the last 22 months. The stock raise with a locked down economy was pure inflation being driven into the market (and crypto - and real estate). Now that the emergency narrative is crumbling it's normal for overinflated assets to start losing steam.
Sorry to hear about your dad and that the vaccine didn't work.
From what you write, you seem to be pretty indoctrinated; a lot of things have been called conspiracy theories without merit and I'd suggest you look into the "conspiracy theories" your grandparents were talking about and look at sources coming from both sides.
In some cases you'll keep your conviction, in some case you'll change it and in some others you'll likely see there is some truth to both sides or that it can't be determined. I used to believe the worst kind of feminist crap simply because I never researched the topic and assumed the media were, at least generally, correct.
Both parties are not exactly the same but their baseline is: they'll both keep increasing spending while doing very little for poor people.
I agree there is too much power in the hands of the government. I think if we want to evolve as a society we need to gradually rid of the government and decentralise power to local communities by privatising healthcare, protection, justice and law-making.
- thrwawy283 5y agoThe economy did look good under Trump, except when he got on Twitter and started commenting. Did we forget he flirted with a war in Syria? Each time he mouthed off it caused market uncertainty and this was before we even got to covid. He approved oil drilling in protected wetlands that impacted the oil market - and not in a good way - it was thought that this would immediately be reversed by the next administration. Business can't build infrastructure against 4-year opportunities. I hold him entirely responsible for the massive inflation: If we had taken our response seriously from the beginning, and not undermined the CDC's messaging in his press conferences, it wouldn't have cost us so much now. He joked that he wouldn't wear a mask in their first press conference on the virus. You lost me entirely at the end when you said we should privatize healthcare, protection, justice, law-making... I don't know if you're saying this should be privatised to a company, or a small organization within a township. Either way people have done stupid, hideous things by being sheltered from other communities and with limited resources. I don't want to go back to the days of labor strikes that resulted in company security shooting workers. I look forward to the day my healthcare isn't tied to my employer. I certainly don't want my home owners association deciding on case law.