Well you said it didn't help the middle class, I was telling you it did so you're wrong there. You may be right about the avg but you aren't right saying it didn't help the middle class bc it helped a lot of us. Maybe bc we are public sector not private so the trickle down doesn't effect us, though I know guys in the private sector who are singing trumps praises bc of all the money they are making, not on stocks, but they are probably considered upper class.
Either way I got the answer to the question I asked, that this is all trumps fault and Obama has nothing to do with the negative drop the stock market is about to take. Just out of curiosity let's say something happens and the market climbs over the next year, can trump get some credit if that happens?? Just to be fair if it drops below say 18,000 I'll come back and say it's trumps fault and he should do something else.
It didn't help the middle class. Just because it helped you does not mean it helped the majority of the middle class. Again the average person in the middle class got a 2 cent raise. That is NOTHING. It did not help a lot of the middle class, it helped very few not the majority. Not sure what you don't understand about this. Just admit you were wrong and move on.
How exactly would it be Obama's fault for the drop in the stock market two years into Trumps presidency? If the economy skyrockets next year Trump gets all the credit, why wouldn't he?
lets try this again.
The economy and unemployment were doing great when Trump took over, So that is why Obama gets credit for most of Trumps first year because Trump just kept moving in the same direction under Obama's same policies riding his coattails, but once Trump starting undoing everything Obama did, and made his own policies those take about 8 months to a year to take effect thus why the economy does not start to feel the effects fo Trumps decisions until the beginning of this year.
Also the reason why Obama gets more credit for the unemployment rate is simple. Obama is what started it going down, Trump is just continuing that trend, yet at a much slower rate.
When Obama took office unemployment was at 7.80, and it was on its way up from 4.7 since 2006. So in Obamas two years the trend continued but he slowed it down, it peaked at 9.8 in Jan 2010. When Obama left office it was at 4.8. So Obama dropped the UE rate 5 points. Trump had UE already going down and when he started it was at 4.8 and its now at 3.7 which is a 1.1 % drop still going in the same direction Obama had it going.
Trump loves to brag how under him UE is the lowest it has ever been but under Obama it was the lowest as well and it just kept doing down under Trump but again UE is slowing but to be fair that is going to happen the lower the number gets.
But you cant think for a second the reason UE is going down is more because of Trump than Obama.
But if it starts going back up before the the bad policies Trump starts to do then its all on Trump.