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No. of Recommendations: 7
Presidents don't take office on election day. The market went up 56% during Obama's first two years, and 7% to date under Trump.

At the end 2008, when the market was now aware of who the newly elected leader would be for the next 4 years, the S&P 500 dropped -30.8% for the year. Now some might be quick to blame the new president and his socialist "give them a helping hand up" (Socialist translation: buy more votes with expanded welfare programs) agenda for this market-anxiety-induced drop. Although I'm sure this added to the market's malaise, the primary driver was a credit crisis due to the Fed not doing their job in monitoring and reporting on collateralized lending, particularly Real Estate lending. The Congress-initiated and President Bush-signed Emergency Stabilization Act of October 8, 2008 began the Troubled Asset Relief Program, beginning with the Capital Purchase Program on Oct 23, and so on. The point here is the fix was in place long before President Oblama began any economic policy....he just happened to be around when it happened. Heck, had my dog Rufus been sitting in the Oval Office, the economic outcome would have been the same. In short, President Oblama had NOTHING to do with the credit crisis or its economic remedy...although his minions love to heap praise on him for the "Great Economic Recover" or some equally inane drivel.

The reason the market rebounded was because TARP worked in getting crap off balance sheets and setting new standards for reporting of collateralized lending. "Hope and Change" did nothing but create hot air thus adding to global warming.

BruceM
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