The biggest laugh of the day; no week; no the year;
 

Obama and the mysterious "WH"
have no shame.
The only fact is the performance of the market while he was in in office.
To claim ANY part what so ever that Obama and his administration is the record breaking joke of his tenure.

White House trumpets stock-market gains under Obama - MarketWatch

And if the market tanks later this year they will deny any involvement or blame somebody!!!!:1rotfl::1rotfl::1rotfl::1rotfl:

If it tanks, they will blame Trump.

more likely Bush, they have that down pat

The credit should go to Republicans in house that approved all the deficiet spending that has and is still driving the market. Imagine Obama taking credit for that!

Did Obama veto the budget? How many budgets did Obama have in his two terms? I can't seem to remember how many. Must have been quite a few, right?

Your post shows your lack of understanding regarding money and markets. The Federal Reserve's monetary policy (e.g. low interest rates) is driving the markets.

I think it might be you who doesn't understand markets. Putting trillions of made up money into economy is the force driving markets. Low interest money does help but free money trumps it. IMO

Made up money? Just exactly what is that? And, how are trillions being put into the economy? Please enlighten me.

Your right.
Dodd–Frank Wall Street Reform and Consumer Protection Act was not the work of Obama alone.

Obama should share the credit with Representative Barney Frank and Senator Chris Dodd, , co-architects of the Act along with Senator Richard Shelby, the top-ranking Republican on the Senate Banking Committee.

It is called deficiet spending, your grandchildren's future earnings if you have grandchildren, and it has exploded since 2008. Without it the market would have gone much lower than it did instead of spiking to record levels. If you lowered the fed rate to zero but passed a real balanced budget without gimmicks your stock market would cave quickly. IMO

You forgot to include Clinton in that mess.

By almost every measure the stimulus package, which I assume you are referring to, has been an abysmal failure. And, for all practical purposes, the Fed Fund rate HAS been at zero for the last several years, forcing investors to seek higher returns in the stock market; hence, the increase in the market indices despite an overall decrease in corporate earnings due to a Obama's sluggish economy.

I also think that you may be confusing fiscal policy with monetary policy. Obama has tried to take credit for the results of the Fed's monetary policy on the stock market...policy and action that he had/has NO control over.

What role did he play?

It was his idea that everyone should own a home, even when they couldn't afford one. Glass-Steagall was repealed during the Clinton Administration with the Gramm-Leach-Bliley Act of 1999.

Again I don't disagree that the low interest rate set by the fed drives savers to the stock market, it did. But without the massive amount of deficiet spending I don't believe stocks would be anywhere the levels they are today. The effectiveness of the stimulus can be argued but it did pump a tremendous amount of capital into the economy that contributed greatly to stock market roaring back. Along with interest rates consumer demand must be there and it would not have been without borrowed money. IMO

And the bumbling repubs continue to babble, gee everything was so great while they were in office. No wars, economy in high gear, illegal immigrants were non-existent. Give me those good old days lol.

And the last seven years have really proven how great the mighty liberal party has been to this country. Racial divide, slowest economic recovery in history, lack of world respect, increased terrorism, more wars than ever, Christians allowed to be executed, bad negotiated deals with terrorists, largest party divide in congress than ever, PC, immorality legitimized, unethical conduct encouraged, lack of loyalty from political leaders to those hung out to dry in foreign countries.........do we really need to list more? Highest poverty level in history, highest food stamp distribution in history, highest black unemployment in history....etc, etc.

It is a good start as the saying goes.
Hope and change? Obama meant he hoped America would like the change he was about to bring upon us.

Don't forget open, bold faced, two faced liar!

And for those who will respond with the usual BS of what he inherited....let's assume you are right....:censored: did he do about it?

A big ZERO !!!

Dear Guest:

I agree. I also believe the FED is out of control. The large investors have been on a sugar high thanks to the FED. While us commoners struggle to gain any capital appreciation, etc given expenses, inflation, etc. We are actually paying banks to hold our money. Its clear that the Keynesian model has failed. Since Obama sticks his nose in everything (think FCC ruling on net neutrality) it my well be he did so with the FED.

The FED along with the IRS, EPA Depts of Energy and Education would be gone if I were emperor. In fact a good house cleaning is what we need at both the federal and state levels

Personal Best Regards:

Dear Guest: Hope and change come with caveats people often neglect.
HOPE --Caveat Be careful what you wish for you just may get it.
Change-- Not all change is good nor is it necessary always.
As the corporate story goes the first thing you can expect from a new supervisor are new forms:D

Personal Best Regards:

Not to mention we have more czar than Russia.