Tuesday, September 21, 2021
Opinion Writer Froma Harrop Has A Stock Market Problem.
HARROP'S COMMENTARY IN THE NEW ORLEANS ADVOCATE DATED 9/20/21 TITLED, "BIDEN MARKET SURGES AND TRUMP'S BOASTING FADES" IS A GOOD EXAMPLE OF HOW MUCH SHE KNOWS ABOUT STOCK MARKET HISTORY AND HOW OPINION WRITERS HAVE FAILED TO INFORM THE PUBLIC OF THE FACTS AS THEY TAKE PLACE. HARROP THINKS THE DEMOCRATIC PARTY HAS A PROBLEM BECAUSE HEY DO NOT BRAG ABOUT HOW WELL THE STOCK MARKET DOES ON THEIR WATCH. tHEN TELLS US HOW MUCH BETTER THE MARKET IS DOING ON BIDEN'S WATCH THAN IT DID ON TRUMP'S WATCH.
AND ALL THE WHILE TRUMP WAS IN OFFICE AND PROCLAIMING HOW THE STOCK MARKET WAS THE BEST EVER, OPINION WRITERS REPORTED HIS COMMENTS AS FACT EVEN THOUGH PAST HISTORY OF THE STOCK MARKET TELLS US TRUMP WAS WRONG AND HE KNEW IT. iT WAS SIMILIAR TO HIS JOB CREATION BEING THE BEST EVER AND OPINION WRITERS REPORTED THAT AS FACT AND WAS FALSE ALSO.
WHAT HAS TAKEN PLACE WITH OPINION WRITERS AND SO CALLED JOURNALIST WHO PROCLAIM THEIR RESPONSIBILITY TO THE PEOPLE TO INFORM THEM HAS BEEN SIDELINED. AND IT STARTED WITH THE NEWT GINGRICH ERA. OPINION WRITERS WHO REPORTED TRUMP'S BRAGGING ABOUT BEING THE BEST AT EVERYTHING KNEW THE HISTORY OF THE PAST SAID OTHERWISE BUT NEVER FOUND TIME TO REPORT THE FACTS TO THE PEOPLE. TRUMP WAS THE NEWS, THAT'S ALL THAT MATTERED TO THEM.
BUT POLITIDOSE IN COMMENTARY OVER THE PAST 9 YEARS HAS LAID OUT THE FACTS HOW DEMOCRATIC ADMINISTRATIONS ARE BEST AT GOVERNING IN EVERY MAJOR CATEGORY FOR THE COUNTRY AND THE PEOPLE. THERE IS NO NEED FOR BRAGGING, THE RECORD IS CLEAR OVER THE PAST 100 YEARS. OPINION WRITERS AND JOURNALISTS HAVE FAILED TO REPORT THE FACTS, THE HISTORY AND THE PRECEDENTS THAT BACK IT UP.
THE BELOW INFORMATION ABOUT STOCK MARKET GAINS DURING PRESIDENTIAL TERMS HAS BEEN PREVIOUSLY REPORTED IN POLITIDOSE. THE INFORMATION WAS AVAILABLE TO HARROP AND OTHERS WHEN TRUMP WAS DOING HIS BRAGGING BUT THEY CHOOSE NOT TO REPORT IT SO THE PEOPLE COULD SEE THE EVIDENCE. THE INFORMATION IS TAKEN FROM DOW JONES HISTORICAL RECORDS.
AVERAGE GAINS DJIA FOR PRESIDENTIAL TERMS.
1. BILL CLINTON UP 228.9%
2. FRANKLIN ROOSEVELT UP 198.6%
3. BARRACK OBAMA UP 148.3%
4. RONALD REAGAN UP 147.3%
5. DWIGHT EISENHOWER UP 123.7%
6. HARRY TRUMAN UP 75.2%
7. DONALD TRUMP UP 57%
Note: Reagan, Bush 43 and Trump all cut taxes for corporations and the wealthy while Clinton and Obama did not and in fact Clinton raised taxes on that same group and Obama allowed the Bush tax cuts to expire for those making over $550,000.00 per year yet the market did better on Clinton and Obama's watch.
Average gains for the Standard and Poor during Presidential terms.
1. BILL CLINTON UP 209%
2. BARRACK OBAMA UP 166%
3. FRANKLIN ROOSEVELT UP 153%
4. RONALD REAGAN UP 114%
5. KENNEDY JOHNSON UP 71%
6. DONALD TRUMP UP 70%
7. HARRY TRUMAN UP 68%
HISTORY AND PRECEDENT TOLD US THE STOCK MARKET WOULD NOT ACCOMPLISH UNDER TRUMP WHAT HE DESCRIBED DESPITE THE TAX CUTS AND ALL THE BRAGGING. BRAGGING DURING TRUMP'S TERM IN OFFICE RECEIVED MORE ATTENTION THAN THE FACTS OR PRECEDENT. AND THAT REALLY SAYS IT ALL.
THIS COMMENTARY WRITTEN BY JOE LORIO
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