You need to base this stat on % change and not outright number as the value of the Dow has risen 30,000 since Obama took office and risen 20,000 since Trump’s first presidency started. By using only points gained the stat will only cover Biden and Trump’s presidency. For example the largest amount lost in a single day 2997. The Dow didn’t have a value above 3000 until Clinton’s presidency.
This does not discount how bad Trump’s policies are for the economy. My comment is say that there are better numbers to make that point.
You are correct. Using real points vs percentages is misleading.
I know it, you know it, many others know it.
But many Americans are so fucking stupid they won’t know it. They don’t even understand the basics of tariffs. The only thing that seems to get through to them is memes, misleading or not.
We really just pretending like 6/10 weren't covid related and not tied to anything trump did? I mean, I think he's a dipshit just as much as anyone, but takes like these just come across as stupid. You also need to look at this list as a % to make it meaningful, otherwise pretty much every subsequent president will also dominate the list.
ETA: These drops are notable as being the single largest drops (by %) directly and wholly caused by a President's unilateral actions. That's the damning part. But I get that doesn't read as well as a twitter burn.
I’d argue that even the COVID related ones are his fault. He was seen as not doing enough, signing bills that weren’t enough for the scale of the problem. It should be no surprise that right after Democrats forced the issue and passed the CARES act, the DOW rebounded almost as fast as it collapsed.
Two of the best days for the S&P were in March of 2020 before CARES was passed. Whether he managed the pandemic well is an entirely different discussion. Both sides of the aisle actual got pandemic relief done quickly and unanimously. It's probably one of the only examples in the last 10 years.
The market will market and starting panicking before people were even being sent home to work remotely for the first time. The first 3 weeks of Covid had a mind boggling amount going on.
Find me a politician anywhere who has ever blamed themself for anything lol. We're talking about the markets, the markets recovered to pre pandemic levels before he was even out of office. I'm not attributing that to him, nor am I attributing the drops to him. Edit: Except for this one
As if his handling of COVID was anything but abysmal. All he had to do was sit down, shut the fuck up and go "Listen to the experts" and sell little red MAGA masks for $20 and he would've sailed into a second term with no issues whatsoever and made a killing doing it. Instead he had to get up on stage and tell people to take horse dewormer and inject bleach and now millions of people are dead.
2000 point drop on the Dow is now worth half as much as a % as it would have been in 2020. So by 2035, a 2000 point drop could be worth less than 2%, aka a not so great day but nothing news worthy.
A 57 point loss in the S&P was the single worst day for that market....its math. It works the same way regardless of who is in the chair.
Reddit is going to hate me for this, and I am not a Trump supporter, but Trump is one of the top presidents since WW2 in market performance.
Just stating the facts. Yes he has had massive drops, but the overall market performance under his presidency exceeds almost all (including Biden) since the 40’s.
Edit: Just pointing out another FACT here - all the downvotes prove all of the liberals of Reddit cant do simple research on the subject, and only upvote claims that fit their agenda.
I provided a source. Don’t believe me? Go ahead and ask an open source AI to do the research for you small brained individuals.
Again, i didn’t vote for trump and think he has zero brain cells, but I provided facts.
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u/Psychological_Elk104 13h ago
He’s definitely not wrong. 9 of the 10 largest point drop in history for the Dow have been under his presidency