Economy

The Dow is now down to December 2023 levels.  

I finally figured it out. He thinks everything was so great when he left office, he's trying to get the Dow back to the level it was in January 2021.

 
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commando said:
some republican pushback?  color me shocked

https://bsky.app/profile/gottalaff.bsky.social/post/3llzcnhaqak2q

" #Nebraska Rep. Don Bacon plans to introduce a companion bill to the bipartisan Senate legis aimed at reclaiming Congress’ authority over #tariffs, becoming 1st House Repub to openly challenge powers #Trump is using to launch massive global trade war" #TrumpTax
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Exactly right.  Tariffs are a tax item.  Taxing authority is under Congress's authority not the executive branch.  A very week Congress which has given away much of their authority to the executive branch over the past number of decades is the cause of our current mess.  (we can even include the authority to start wars - Iraq for example) .    This particular Congress is caught up in the personality cult and we are all paying for it. 

 
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If one person could create and manipulate stock market swings this severe, anyone with the game plan could make s#!tloads of money really quick. Wonder if the SEC is watching the sudden bulk purchasers. 

 
p.s. Cupp is right. Donald Trump will declare victory no matter what happens, no matter that he created the unnecessary crisis in the first place.

At this point I'm willing to let him have the credit if it means a return to sanity and a restoring of our retirement savings and my son's college fund. But nobody in the world will trust him again, and I hope even a fraction of MAGA realizes he's far more of a danger than genius. 

 
Archy1221 said:
I’m sorry what.  Informing you that the US bottomed out less than all of our peers in part because our society opened up sooner than our peers is somehow blaming people?  
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I've been interested in our economic recovery from COVID pre-dating this exchange, so I started looking into it. I can not find a single economic analyst citing the U.S. opening earlier as a cause. There's not even a mention of reopening timelines in these studies. The aggressive stimulus packages and overall strength of the American economy get most of the credit.

What do you know that every economist studying the issue doesn't? 

https://www.brookings.edu/articles/the-us-recovery-from-covid-19-in-international-comparison/

https://www.afhwm.co.uk/news/why-has-the-us-grown-so-much-faster-than-the-eurozone/#:~:text=The eurozone's growth has lagged,markets%2C and higher energy costs.

https://press.princeton.edu/ideas/the-post-pandemic-economy?srsltid=AfmBOoqDnvypwdIjf3P2pCpdat4YRy6HCLf_xWYBaCrn8YipVfIRxyeZ

https://www.cbpp.org/research/poverty-and-inequality/robust-covid-relief-bolstered-economy-and-reduced-hardship-for

 
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