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U.S. Presidents and Comparative Stock Market Performance

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Re: U.S. Presidents and Comparative Stock Market Performance

#5

Post by seanmcdirmid »

seibelj wrote: post #2

It would be interesting to see Clinton's return extended one more year. He exited right before the dotcom bubble imploded.

And if Bush could have left a year early, Obama would have taken the fall for the entire financial crisis (well, many Republicans blame him anyways).

Re: U.S. Presidents and Comparative Stock Market Performance

#7

Post by maxxxxx »

seanmcdirmid wrote: post #5
seibelj wrote: post #2

It would be interesting to see Clinton's return extended one more year. He exited right before the dotcom bubble imploded.

And if Bush could have left a year early, Obama would have taken the fall for the entire financial crisis (well, many Republicans blame him anyways).

Bush was pretty unlucky. 2 massive crashes during his presidency.

Re: U.S. Presidents and Comparative Stock Market Performance

#8

Post by carlivar »

I've always been more curious about this stat when:

-President and Congress majority are same party (and by party)

-President and Congress majority are different party.

I suspect different parties are better, to reign in the excesses of each. But not sure. Maybe I'll do it some time.

Re: U.S. Presidents and Comparative Stock Market Performance

#9

Post by seanmcdirmid »

maxxxxx wrote: post #7
seanmcdirmid wrote: post #5

Earlier quoted context omitted.

And if Bush could have left a year early, Obama would have taken the fall for the entire financial crisis (well, many Republicans blame him anyways).

Bush was pretty unlucky. 2 massive crashes during his presidency.

Ya, and neither were completely his fault. However, I do fault him for juicing a good economy when stimulus would be more effective during a downturn when not wasted during upturns. Save in good times, spend in bad would do a lot for stability. 2008 could have been handled much better if he was disciplined enough during the recovery in between (besides, taking more money out of the system would have acted against bubbles). In contrast, the Clinton surplus going into the dotcom bust made it much easier to deal with.

Trump is making similar mistakes, and if a problem occurs on his watch, he is going to have fewer tools to deal with it (and pressuring the Fed to cut rates during a boom is unforgivable).

Unfortunately, Americans seem to neither want taxes to go up or interest rates to rise in good times so they can go down in bad. They just want them to go down all the time. So we are the most at fault after all.

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