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.
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u/Psychological_Elk104 14h ago
He’s definitely not wrong. 9 of the 10 largest point drop in history for the Dow have been under his presidency