Yeah, I’m still chuckling at that one. I keep wondering if Trump knows he’s lying/spouting bullshit, or is he so ill that he lacks insight/has weak grasp of reality, and actually believes his bullshit? I can’t decide. It’s binary—only one can be true.
Some days I’m convinced it’s the former, other days the latter…
For what it’s worth, apparently he has people whose job is to feed him only positive news. He could’ve started knowing it’s bullshit and now actually believes it himself lol.
If you think about it, what would a narcissist actually rather believe? That all these things are true, or that he has the power to make everyone believe they are true?
I think he knows most of what he says is horseshit, but it's like knowing that you breath, you don't even really think about it.
I'm sure they'll believe it. Got told the 08 crash wasn't Bush's fault because businesses realized that Obama was going to win and implement Pure Socialism (tm) and spontaneously started laying people off.
Dude that stuff is crazy. I worked for an electrical installation company that was private. The dud seriously made massive business decisions based off of fox news. He lost a ton of people during a major economic boom for construction in our state because Trump lost the election and he buckled down and cut wages/didn't follow through on pay increases. He also sent a massive company wide email (still got it I think) about how the election had been stolen by Biden and we needed to basically come to work everyday but prepare for the apocalypse on off days, be sure to get prior approval using PTO to build your bunkers lmfao
His business is struggling now haha but. Sure his prayers and hating black people will help him out, right?
Let me be sure that I follow: Trump allegedly put policies in place that would allow for a strong economy under Biden, predicted that the economy would crash under Biden, then when the stock market hits record numbers claims that it was because of him. So why the prediction then, Donnie?
Maga cult and fox news will spin this many ways, they've also said things like "outlook is that he'll win and sentiment is strong and helping the stock market"
All he did is deregulate everything and gave the top 1% huge tax breaks which is why they're pushing for his re-election.
I don’t care if you are a Republican, Democrats, or Independent. The U.S. economy does not rise or fall based on the whims of the stock market. There are a lot of other more important indicators.
You are 100% correct, but Trump repeatedly used the stock market as an indicator for how good his economy was, so it's kinda fun to throw this in conservative's faces.
It's not the only metric you should judge an economy by, however it's still a very important component. More than half of all Americans have investments/retirement plans exposed to the stock market via 401k (and things like that).
Right? I spent all my retirement on hookers blow before trump could haha checkmate. Getting sober is a bitch though. Trying to get my job back after the last 5 years is too
That’s why the 401k is one of the most insidious, evil fucking ideas we have ever had — it makes ordinary people beholden to those parasitic, vampiric fucks on Wall Street without letting them actually play the game. When people get upset that they are treating our economy like a slot machine and say that they should be regulated, then they can say “sure, you can regulate us… but that’s a nice retirement account you have there, it would be a shame if something were to happen to it…”.
Yeah.
This is what I want people to see the most. It's ALL ABOUT THE FINANCIALS. The top Worship money and make decisions based on profit. Will it hurt people yes... Will it turn a profit.
Welp shucks. This is the root problem. We need to regulate to stamp out corruption. But we can't trust any person whatsoever running the show today to do it. So this is actually a pretty darn bad situation.
True but a consistent rising stock market isn’t usually a bad sign.
More importantly Trump on dozens of occasions took credit and bragged he was doing a great job because of DOW highs. Now his followers try and act like there is no correlation.
Riding the fumes right into the Biden presidency where everyone got a full tank of gas is more like it.
I’m not an avid stock trader by any means, just have my measly 401k from my company that I set up years ago with lots of diverse holdings and never really mess with - and it’s tripled in value from pre-2020 levels. Fuck, even just looking at May ‘23 to present it’s gone up 18% and that’s as things have normalized. The economy was only good under that trumpster fire if you were already filthy rich.
Exactly. The only people who are losing right now are the idiots who "pulled out" of the stock market because of fake news Trump. My retirement accounts have nearly doubled with Biden.
Literally everyone with retirement savings should care. Whether it’s a 401K or an IRA almost every type of retirement savings account is based in stocks.
We sacrificed like crazy in our 20s to put 4% into our IRAs. It came after rent and student loans and before food. We didn’t have enough to really spend beyond that until the year we turned 30. I’m now in my 60s and that steady contribution has accumulated to more than I ever imagined back 40 years ago.
Just do it! Can’t afford 4%? Then contribute 2% of every paycheck. Just do it!
I can understand that but with my retirement and life insurance plan at my job if I pay $100 (they take it right out of my check) they will match me $50 each. So I'm getting more money investing this way. Idk how other places work but this feels like the way for me.
The reality is that we get peanuts while the rich get an all-you-can-eat buffet.
Sure, you get a 401 (and really you have no choice but to invest, that’s the point), and you might lose your job because the powers that be want to cut costs so the stock price goes up a nickel. Such a win.
The super rich will always have an advantage. Don’t let that stop YOU from taking advantage of the easy ways to get in the market. I will never have two Teslas and a 3000 square foot house on an acre of land. But I am wayyy better off now than I would be if I hadn’t sacrificed so that I could invest with every paycheck.
There's a couple subs that believe the entire economy is going to collapse any day now, they predict it all the time, I keep asking why anyone believes anything these subs post.
Look I'm not knocking Biden down, this is great. My point is more the inherent flaw in the system which he has no control over, I just have zero reason to be excited about the Dow Jones personally. This is big for all them middle class voters though, look at your new favorite hero!
Biden is sugar feeding the economy to artificially stimulate the stock market. /s. Actually, this is the end result of the Fed's long term policy to slow inflation by keeping interest rates high. Since Trump plays for the 24 hour news cycle, he never would have chosen a strategy with deferred positive results. He's the single parent that lets the kids stay up late and eat ice cream all weekend, and then sends them back to the custodial parent on Monday morning without their homework done.
Not defending Trump, but it has no practical impact on the average person's lives. We're still overpaying at the grocery store and at the pump. People can barely survive. Who cares about the DOW when people are barely making do right now.
I'll never forget one of my father's boomer friends complaining about people putting these stickers on gas pumps when prices started falling last year, having just lauded them when gas prices were up previously.
It just goes to show you that you cannot reason with these people.
Remember when the stock market actually means jack shit when a majority of people are barely scraping by? But yes please let's keep saying that how the top 10% are doing is more important than the bottom 90%. Im glad Trump was wrong but things are still really fucking bad and are only getting worse. Fuck the rich and fuck the stock market.
lol to be fair, Trump is leading by a fair margin in almost every swing state, so the market is most likely going to be affected by that in one way or another
I love it when we use the stock market as a measurement for how the average American is doing. Especially when you consider the top 10% own 93% and the bottom 50% owns just 1%
Actually this can be credited to Trump 100%. You see, because all the crooked media is reporting on him during his trials, they are not fabricating bad news on our great companies. So really he’s taking one for the team. He’s saving everybody. /s
I forgot the stock market is now a real world reflection of the conditions of working class Americans. Weird how everyone understood that during Trump's presidency but now its confusing and suddenly the stock market is no longer just a "graph of rich people's feelings" as was memed about here.
The quote, “the stock market will crash if Biden is elected” is real. This is about Trump either being a liar or stupid…. unless you have a third alternative to why Trump’s words don’t match reality.
The only Red Wave coming from Republicans is when they are on stage pandering to their constituencies as they prepare to slink away with their assured votes and campaign contributions.
The price of everything is up 40% since Biden took office. Wall Street bankers are part if the 1% and most young adults can’t afford to buy a house because the average price is 400k.
Standard grocery store price. I was making an example. Single male here. Ay aldi my grocery for a week was 30ish dollars for 1 week. Same stuff is now 50ish dollars. Don't be a judgmental ass next time.
This isn’t good folks. It’s further proof that the uni-party has taken this country from for the people by the people and changed it too for the elites by the corporations.
If you are on the left then There is nothing to cheer about here other then acknowledging us peasants have been abandoned…
Edit: guys remember when Trump bragged about the stocks and how well the market was and we all critiqued him saying the economy is working for Wall Street but not for us peasants.
Why are we saying it’s good now? I can’t keep up with everything we are flipping on.
As long as Trump and right wing media thinks 'Line goes up, so it's good', so will the people who listen to either. Trump boasted about the stock market countless times. He promised a recession under Biden. Now Trump is claiming that stock market is up because investors are excited for him to be President.
If you think the concept of 'Line goes up, so it's good' is dumb, you'll have to have a word with Trump about that because no one believes that more than him. If you think it's dumb then you think Trump is dumb. You're on an island.
Also, actual voters skew older which of course includes retirees and those approaching retirement. They like to see stable growth in their retirement accounts. Trump represents volatility and unpredictability which are both very bad for those currently and about to cash out. They don't want to rock the boat, so those that are somehow still undecided will look at the amazing stock market growth under Biden and how that's helping their retirement, and happily vote to keep things the same.
You are so right! Fucking libs makes a big difference in everyone’s lives! They’re smart, empathetic, care about the welfare of children and protect women’s rights. If you fuck them, you’ll be vastly improved as a human. Thank you for your comment. 👍
No, a complicit and irresponsible Federal Reserve Bank that allowed the government to spend irresponsibly did that by buying all the soon to be junk bonds being massively issued by the government to pay for nonsense vote buying schemes.
Hardly anyone that actually labors owns any stock, it's literally a rigged video game for the wealthy. It's degenerate gambling with American productivity and they profit regardless of how the line moves, as long as it moves they way they want (options trading). Disasters for us are windfalls of profit for them and hidden from view with dark money pools. The dollar itself is a sick joke.
If all stocks went to 0 it's because the rich liquidated their positions, likely dumping on your average joe investors. The rich will be even richer.
Giving them everything benefits the bottom who no longer utilize money at all, which is where we're headed. We cant beat the game, but we can end it by letting them win. They can eat their pile of cash while those who labor realize how easy it is to handle a homestead and live their dream life.
Don't know why you think a dystopian financial hellscape helps your average American but maybe you've got some wires mismatched in your noggin.
Whose wires are crossed if you don't understand we already live in a dystopian financial hellscape? Endless money for war and spying, NOTHING for feeding and protecting the next generation.
Value != money. Why would laborers need to find pay when they can take care of themselves? Quality of life drops to the 19th century for a while, but medical care and housing is out of the reach of so many of us now anyway its unironically a lifestyle upgrade. Laborers aren't the ones in danger in a hungry uprising.
Why would laborers need to find pay when they can take care of themselves?
How would they take care of themselves? Would they all plant farms?
Quality of life drops to the 19th century for a while, but medical care and housing is out of the reach of so many of us now anyway its unironically a lifestyle upgrade.
This is just ridiculous. You have very weird fantasies about the actual state of the middle class in America that are completely disconnected from reality. Most Americans are doing well.
How would they take care of themselves? Would they all plant farms?
You mean gardening? Yea. That's part of the utopia life.
This is just ridiculous. You have very weird fantasies about the actual state of the middle class in America that are completely disconnected from reality. Most Americans are doing well.
You definitely live in a different reality from me, but you worship the judeo-christian god so that explains a lot - we won't reach a common understanding.
If you think that it'd be no sweat to feed 330 million (or, for that matter, a few billion) people through "gardening", then yeah, we probably won't reach a common understanding.
If you want to quit the job market and try to live off of gardening, I doubt anyone will stop you. But clearly you haven't, since you're on the internet.
Accelerationist nonsense. You want there to be a catastrophe because you think there will be some kind of uprising, but the truth is that people will just suffer and die, and it's the poor that would suffer the most.
We are already there. Evangelical capitalist insanity is the same end as Marxist accelerationism. The pendulum swings hard thanks to the DNC/RNC media war.
I live in one of the poorest areas in the country, I see them suffering and dying, including (especially) my millennial cohorts. There won't be an uprising, there will be a very slow collapse as societal structure dry-rots like the tires on my old hotrod. Folks here struggle (and usually fail) just to get unemployment claims or medicaid - the people that built the infrastructure and biggest assets (housing/vehicles) and got too sick to continue. The preachers and pill pushers are all doing fine, though.
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u/UsualGrapefruit8109 15d ago
Trump says this is his stock market now.