11-25-2020, 07:45 PM
(11-25-2020, 06:33 PM)BFritz21 Wrote: The market took off under Trump pre-pandemic.
The market had been growing steadily before Trump took office.
The only reason it continued to rise under Trump was because the government was borrowing more money to pump into the economy. Defict spending in the first three years of Trumps administration was almost double what it was the last three years of the Obama administration yet the market di not rise a lot faster.
Trump bragging about how great his economy was is like a guy borrowing a million dollars and bragging about being a millionaire.
No matter who is President if you reduce taxes and increase government spending the economy should rise. Un fortunately that is based on more government debt instead of real wealth increase.
