Seeing how the stock market reacted to Bernie Sanders winning Nevada by a wide margin, how can anyone defend Obama?
Clearly, the stock market negatively reacted to Obama long before he won the election. There might have been a modest recession if he had never ran, but there wouldn't have been an economic collapse. Also, why is it everyone always compares Obama's second term to Trump's first term? Give Trump some time! In Obama's first term, the stock market was lower than the peak under George W. Bush.
In Obama's first term, the stock market went below the tech bubble high several times. Adjusted for inflation, the stock market in the first three years of Obama's presidency was well below the January 2000 tech bubble peak. In 2010-2011, the stock market hovered between 10k-11k. The 2007 peak was 14k.
Now look what happened after Bernie Sanders won just one state by a landslide. If Bernie Sanders wins the general election, another economic meltdown is on its way. Only this time there will be more inflation.
- GrundoonLv 71 month ago
We do not need to defend former President Obama.
Why do you continue to defend Impeached President trump?
- 1 month ago
Obama has the advantage of saying that all of his faults are the result of his inherited economy. He also says that if the Republicans won the 2012 election there would have been another recession. Therefore, there is an illusion that the economy under Obama was not bad as it could have theoretically been worse.
Under Sanders, the economy will break. In fact, just the threat of him being the nominee of the Democratic Party, and changing the values of the party's "moderates" (the party adjusts to the nominee), will cause a deficit in future elections. If he is elected as president, our economy will collapse under Bernie Sanders' useless plans and immense debt.
For the record, Bernie's policies are nothing like Denmark in any way. Neither in taxation, healthcare, and the general ideology. Denmark is a Social Democracy, which is actually a Capitalist structure; Bernie is a Democratic Socialist (Which is a generic term that covers both Orthodox Marxism and Socialism under its umbrella)
- MarkLv 71 month ago
Because Obama actually accomplished things in his first term. Name something that Trump PROMISED to do "within 100 days of first being in office" (his words), that he has not accomplished in three YEARS (that's nearly 1100 days - 11 times longer than he promised).
- Wage SlaveLv 71 month ago
The stock market fell because we were in the midst of the nation's 2nd worst economic disaster, not because Obama was running for president. The DOW hit record highs under Obama - don't be an idiot. As for this time around, all indications are that there is a concern on how the coronavirus will affect both demand and global supply chains.
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- JerryLv 61 month ago
It wasn't the debate that caused the market to fall - it fell before the debate...try listening to someone other that that fool in the WH.
- DuckLv 71 month ago
You're obviously an idiot.
- 1 month ago
True. But I will get free health insurance and my college education will have been paid for - all at no cost to me. So yes, you might need to pay up for your fellow citizens. It's called compassion. Bernie 2020.
- Anonymous1 month ago
Yes it must be Bernie's fault. The power that man holds!
- 1 month ago
Great. Inflation grows the economy and when the stock market collapses, I buy stock.
Derka derka.Source(s): Contard logic in a nutshell