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Uh, What Hannity Says the Stock Market Drop is OBAMAS FAULT.

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posted on Feb, 6 2018 @ 12:42 PM
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originally posted by: Grimpachi
This is actually the start of Trump's economy. It always takes about a year to see the changes of a new presidency, but it being up or down right now should be business as usual, we should give it a few months before judging the policies of the new chiefs effect on the market.


But when the market tanked on election night, that was Trump's fault, not Obama's.




posted on Feb, 6 2018 @ 12:49 PM
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originally posted by: network dude
On a serious note, how would you explain the market reaction on Dec 1, when the Brian Ross garbage was printed? That seemed to make the market react bigly. I don't understand much of it, other than don't ask me for investment advice.


I certainly agree that it did and I attribute that to the fact that the market doesn't like uncertainty, which, having a President being reported (falsely as we now know) to be guilty of criminal behavior most assuredly would have created uncertainty.

This current volatility, I think, is due more to what I said earlier, interest rates, bond yields and inflation. Plus an overdue correction.



posted on Feb, 6 2018 @ 01:39 PM
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originally posted by: DBCowboy
a reply to: kurthall


Former President Barack Obama thanked himself in a speech Tuesday in which he took credit for American economic growth occurring under Republican President Donald Trump.

Obama told an adoring crowd at a Chicago climate summit that despite “resistance at every step of the way,” his administration’s efforts to fight climate change resulted in a better economy.

“As we took these actions, we saw the U.S. economy grow consistently,” Obama said. “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.”

He then added a zinger: “Thanks Obama.”





I am glad he said that, its true! Now we are in year 2 of trump, lets see how this year goes. Of coarse, I am not certain he will be around at the end of this year, as acting president, that is.



www.theblaze.com...



Personally, my theory makes more sense.




posted on Feb, 6 2018 @ 01:42 PM
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originally posted by: AboveBoard
As expected, the DOW is rallying and while it may wobble for a while, it will certainly stabilize.




I totally agree, this is temporary, I just don't think its Obamas fault, yet Hannity always blames the negative on Obama, and gives trump credit, for things that were already taking place under Obama. The stock market was on an upward trend, and now its not, but it will settle down probably in the next day or so.





posted on Feb, 6 2018 @ 01:52 PM
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originally posted by: kurthall

originally posted by: AboveBoard
As expected, the DOW is rallying and while it may wobble for a while, it will certainly stabilize.




I totally agree, this is temporary, I just don't think its Obamas fault, yet Hannity always blames the negative on Obama, and gives trump credit, for things that were already taking place under Obama. The stock market was on an upward trend, and now its not, but it will settle down probably in the next day or so.




It was on an upward trend but not at the rate we saw last year. Take that with the fact there were people predicting Trump would crash the economy, they certainly didn't predict the market would do well the first year under Trump because of momentum from Obama. There was gloom and doom on election night when the futures were down, and none of them were saying "oh well it'll be fine the first year because that will still be Obama's economy". So that's all a bunch of dishonest excuses looking back on why they were all wrong that Trump's first year was so good for the economy.



posted on Feb, 6 2018 @ 01:55 PM
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so, why does anyone care what trump says, you have to fact check everything that comes out of his mouth....jesus, even his lawyers say they do not want him to testify to Mueller or a grand jury....why....they say it's a "perjury trap"...in other words he is incapable of telling the truth....seems like his lawyers know him better than the republican voters or republican congressmen



posted on Feb, 6 2018 @ 01:55 PM
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Hmm well the real problem is that the markets have been politicized so whoever is currently in charge is going to take the blame. They did that because it's easier to engineer financial 'prosperity' with cheap credit than it is to actually create jobs that provide prosperity for mainstreet.

It's also why 10% and less of our population sees themselves getting wealthier over time and everyone else is getting poorer.



posted on Feb, 6 2018 @ 01:56 PM
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Hannity is an idiot. LOL

I try to only use other's mistakes when I'm actually trying to make a comparison or a point in a conversation. With Bush I would usually say a global recession happened while he was president and Obama inheritied that economy. I don't necessarily think it was Bush's fault. Although the war in Iraq didn't help matters and giving Haliburtan $40 Billion dollars didn't help either.



posted on Feb, 6 2018 @ 02:33 PM
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originally posted by: face23785

originally posted by: Grimpachi
This is actually the start of Trump's economy. It always takes about a year to see the changes of a new presidency, but it being up or down right now should be business as usual, we should give it a few months before judging the policies of the new chiefs effect on the market.


But when the market tanked on election night, that was Trump's fault, not Obama's.


If you are asking me then who do I ask? Maybe you should ask that question to whomever made that claim.
edit on 6-2-2018 by Grimpachi because: (no reason given)



posted on Feb, 6 2018 @ 02:37 PM
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originally posted by: Grimpachi

originally posted by: face23785

originally posted by: Grimpachi
This is actually the start of Trump's economy. It always takes about a year to see the changes of a new presidency, but it being up or down right now should be business as usual, we should give it a few months before judging the policies of the new chiefs effect on the market.


But when the market tanked on election night, that was Trump's fault, not Obama's.


If you are asking me then who do I ask? Maybe you should ask that question to whomever made that claim.


I actually wasn't asking a question, I was making a statement, and it was meant to be sarcastic. I forgot my [sarcasm] tags. By the way, the link in your sig leads to a page that doesn't exist anymore. I wanted to give it a read because I've had to explain the difference to people before, I wanted to see if their explanation was more elegant or simpler.



posted on Feb, 6 2018 @ 03:03 PM
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a reply to: kurthall

It's about to close over 550 positive, maybe even 600. Obama's economy WAS weak, but if Hannity said this fall is Obama's fault then he's dead wrong. I don't recall hearing it though.



posted on Feb, 6 2018 @ 03:15 PM
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a reply to: face23785

I remember hearing all about that, then when it turned around and began to shoot north, it was because of Obama. Funny how that always goes. Also, the left claims that the former president is responsible for the first year of the new president, but they give Obama credit for a "300%" increase in the market. But in order to do that, you have to go back to March 2009 when the market his 6,516 and then go all the way to the last day of Trump's first official year. So they're very inconsistent in their blaming and credit to say the least.



posted on Feb, 6 2018 @ 03:20 PM
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Yeah..PPT back in the market today.

Whenever the market drops close to 10% from the high, that's the signal for PPT to begin propping up the stocks.

So, to those shorting the market, walk carefully.




posted on Feb, 6 2018 @ 08:24 PM
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a reply to: kurthall

The funny part is that what Hannity is saying is economically correct. Not that the current downturn is caused by obama, but that inflation fears are. QE 1, 2 and infinite were MEANT to cause inflation. They failed because there was no confidence. Now confidence exists and all of that money is still out there. The fed policy was obama's responsibility as he was the one who appointed yellen and re-appointed bernanke in 2009.

In other words, if the downturn is truly due to inflation fears (I don't think it is) then it actually is obama's fault.
edit on 6-2-2018 by Dfairlite because: (no reason given)



posted on Feb, 6 2018 @ 11:30 PM
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a reply to: kurthall

Of course, if it goes up it's Trump, but down = Obama.

That's the brain dead reality of the Trumpaloompas.



posted on Feb, 6 2018 @ 11:31 PM
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a reply to: queanon

I smell a troll.

*sniffs*



posted on Feb, 7 2018 @ 05:34 AM
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posted on Feb, 10 2018 @ 02:46 PM
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originally posted by: face23785

Well, even some leftist economists were warning that the Fed was propping up the market during the Obama years with absurdly low interest rates and through other means, leading to an unnatural bubble..


What do you "mean even some leftist economists"?

Socialist economists have been saying this since the financial deregulation of the 1980s. They believe it's a structural feature of the modern global economy.



posted on Feb, 10 2018 @ 02:47 PM
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originally posted by: Dfairlite


The funny part is that what Hannity is saying is economically correct. Not that the current downturn is caused by obama, but that inflation fears are. QE 1, 2 and infinite were MEANT to cause inflation.


You're confusing inflation with liquidity.



posted on Feb, 10 2018 @ 02:55 PM
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originally posted by: queanon
a reply to: kurthall

Of course, if it goes up it's Trump, but down = Obama.

That's the brain dead reality of the Trumpaloompas.


You have $100,000. Bank and Bond interest rates are near 1%.

Property values have just dropped 30 to 40%.

Where do you put your money?

Cd's, Treasury Notes, Stock Market, Commodities or Real Estate?

You pick.



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