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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: very stable genius ✶  😊 😞
Number: of 86269 
Subject: Re: Stock Market Hits All-Time High...
Date: 09/17/24 3:00 PM
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What Trump said would happen...
"If Biden is elected, the stock market will crash. The policies of the left would unleash an economic disaster of epic proportions,
they will destroy our country. We will go into depression." -DJ Trump

What actually happened...
Record-Breaking Performance: The DJIA reached a new record high on Monday, September 16, 2024. This marks the 27th record close for the Dow this year.

Several factors have contributed to the Dow's recent surge:
Growing optimism about potential interest rate cuts. Signs of economic recovery.
Strong performance from companies like Intel, IBM, and Home Depot. Decreasing inflation rates.

Final reality check: Annual real GDP growth has been 1.2% faster during Democratic administrations (3.79%) compared to Republican ones (2.60%) since 1949.
From 1933 to 2020, the economy grew at an average rate of 4.6% per year under Democratic presidents, nearly double the 2.4% under Republican presidents.

And of course Trump's job creation record was the worst of any American president on record, no other president has left the U.S. with a smaller workforce than it had when they took office.
All while adding a record setting $8 trillion in new debt in just 4 years.
MAGA = FAIL

marketwatch.com - Stock market today dow futures just shy of record highs as fed rate cut looms

snopes.com - Trump stock market prediction
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Members reply directly to very stable genius here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
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Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
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