this needs to be repeated constantly
ā¦and with that, Obama gave us a sluggish, gloomy, sub three percent economy, for eight years in a row. Yeah us! You go ahead and run on that as one of the high point markers for the Obama years. 
Letās relive some of the pessimism that illustrated the years under Obama, where he set the tone of gloom and doom, by saying things like:
"some of those jobs of the past are just not going to come back,ā
āwhen [Trump] says that heās going to bring all these jobs back, well how exactly are you going to do that? What are you going to do? He says, āWell, Iām going to negotiate a better deal.ā Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesnāt have an answer.ā
We are past that post apocalyptic-like era of Obama, where we had a president who tried to convince the nation that jobs were leaving would never come back, that we should all just resign ourselves to understanding that Americaās best days were behind us.
Stocks right now are hanging by a thread, boosted by a bonanza of corporate buying unrivaled in market history and held back by a burst in investor selling that also has set a new record.
Both sides are motivated by fear, as corporations find little else to do with their $2.1 trillion in cash than buy back their own shares or make deals, while individual investors head to the sidelines amid fears that a global trade war could thwart the substantial momentum the U.S. economy has seen this year.
2 Likes
A few of my clients are huge acrerage farmers out of the Heartland. Soy beans are a big crop for them and they dont make soy sauce or edamame. They remote control 3 story John Deeres. Anyways, it will be interesting if I get a call from them in a while.
Thatās rich, since it was Obama whose policies siphoned money out of Medicare to prop up ObamaCare, and has pushed Medicareās insolvency even nearer.
We are done with the doom and gloom Obama years, where the only way to rise the boats was to punish the rich and burden businesses with high taxes and harmful regulations, while promoting sanctuary cities and illegal immigration which actually pushed down the wages of the working poor American citizens.
Itās the rich, who benefit from the flood of uncontrolled immigration from third world nations, not the American people who are either poor or middle class.
Yup. Market down for the year.
But at least people can get a Costco membership with their tax savings!!
Thereās literally nothing factual here.
Wages grew under Obama: Wage Growth Tracker - Federal Reserve Bank of Atlanta
Study after study has shown that immigration benefits America.
Now this is a true lol
Thatās a really twisted way of looking at Obamaās statement.
The Dow is at the same level today as it was 7 months ago. I have a feeling the bulls are heading out to pasture and the bears are moving in.
If not for stock buy-backs due to the tax windfall, we would likely be in a significant market correction already. Investors are not buying, due to fears of the trade wars.
1 Like
Doom and gloom and the stock marketā¦letās seeā¦doubled. Lol
Allan
Should the two primary market gauges stay in correction for another 10 days ā through July 16, given the Fourth of July holiday next week ā and exceed the length of the 2008 correction, that will mean they are in their longest such stretch since 1984. In that stretch, it took the S&P 122 days to emerge from correction territory, and the Dow 123 days, according to the WSJ Market Data Group.
