Quote:
Originally Posted by Chicks
‘The president clearly set himself up’: Trump’s stock market miscalculation
https://www.politico.com/story/2018/...et-down-324880
...it was still a large and shocking decline. It arrived amid growing concern that an economy juiced by a massive corporate tax cut, and already at full employment, could overheat and require forceful action from a new and untested Federal Reserve chairman — installed by Trump — to cool things down.
On top of concerns about rising inflation, the tax cuts are already increasing the federal government’s need to borrow and accelerating the date by which Congress must raise the federal debt limit. And as of Monday, there was still no plan in Washington to raise the limit and avoid a catastrophic default. |
Wait. A month ago, you folks were bragging that the good economic numbers were fully attributable to Obama. Now you're saying that yesterday's decline is all Trump's fault?
So, I guess today's move upward from yesterday's close is back to being Obama's?
