So the usual suspects that were talking about how great the economy was a few days ago, now seem to be talking about how the economy is on the verge of collapse under Trump.
The same people that were saying the market only benefits the rich six years ago, were using market growth as an indicator of how great the economy was, and how stupid people that disagreed were.
The same people who said the good parts of Trump’s economy was Obama’s, said that the bad parts of Biden’s economy were Trump’s, and that the good parts are Biden’s, will be now blaming Trump for everything bad, and praising Biden for everything good.
The market saw a big jump when Trump won, not so much because Trump won, but because the market does not like uncertainty.
It is worth noting that the Obama’s “official” position on the economy, was that hay-days were over, and that going forward, it would be a managed decline.
A lot of people loved Obama. I did not vote for him, but I was happy when he was elected the first time, and disappointed the second.
I have come to believe he is the most evil man in US recent political history.