- Joined
- Apr 25, 2024
- Messages
- 160
- Reaction score
- 185
- Gender
- Male
- Political Leaning
- Independent
The economy is a measure of about a half dozen parameters and the Dow is only one of them. It can be an indicator but if unemployment is 14% like it was under Trump before Biden took over then it's a a pretty shitty economy regadless of the Dow. However, when the Dow is at record highs and unemployment at record lows, wages and manufacturing are growing, consumer spending is up, GDP is up and the inflation rate is falling, like it is now under Biden, the economy is doing great.How closely does the DOW match the economy, in terms of it's ups and downs?
For the rightwinger who says "wait, that unemployment rate wasn't my fuhrers fault, that was the pandemic!" You are right, just like the massive inflation that struck the world immediately following it. I just figured if the right thinks they can blame Biden for inflation there is no reason Trumpy can't be blamed for that spike in unemployment under his watch. That is two democratic presidents in a row who were handed unemployment rates of about 10% by Republicans and both brought them down to under 4. Republicans certainly do suck when it comes to handling an economy!