How did you arrive at those numbers?
[QUOTE=Tiny12;2824569]That's mostly coincidental. Trying to tie stock market performance, like GDP growth, to the party of the president doesn't make sense.
I will concede that the invasion of Iraq spearheaded by George W. Bush wasn't good in the long run for our economy or stock markets.
[b]The numbers in your table are wrong. Here are the per annum gains in the S&P 500 Index during each presidency.[/b] Bush was handicapped by a recession that he had little to do with. Trump similarly was hurt by a pandemic that he could not have prevented, contrary to your belief. And Obama was helped by taking the reins at the bottom of a recession.[/QUOTE]You're going to have to show me where the starting point and ending point in the S&P 500 for each president cited, January 20 the year they took office, January 19 as I recall for Obama, to January 20 the year the next president took office for the total gain during their tenure, then divided by the number of years each was in office for the Average Annual Gain, is wrong while yours is right.
And based on what source?
Here is my source:
[URL]https://finance.yahoo.com/quote/%5EGSPC/history/[/URL]
GHW Bush, 286 to 433 = 52% gain, divided by 4 = 13%.
Bill Clinton, 433 to 1342 = 210% gain, divided by 8 = 26.25%.
GW Bush, 1342 to 805 = -40% "gain", divided by 8 = -10%.
Barack Obama, 805 to 2271 = 182% gain, divided by 8 = 22.75%.
Donald Trump, 2271 to 3851 = 69.5% gain, divided by 4 = 17.3%.
Joe Biden, 3851 to 4284 yesterday = 11.2%.
Sure, it is always possible that I misread or mistyped a number here and there. So where did I get it "wrong" and where did you get different numbers?
Oh, of course, GW Bush's stewardship had nothing to do with his Great Repub Recession despite his strict instructions to his Office of Thrift Supervision to really get in there to dig up any and all Liar Loans being floated and make sure all those Repub-beloved Banking Regulations are followed to the letter.
And Trump's Pandemic just "came along" under Trump despite his tireless efforts to make sure any and all early coronavirus infection cases were identified and reported ASAP so, you know, we could get that 2-3 month jump on the forcefully endorsed mitigation efforts and prevent such a devastating Pandemic from taking shape.
Yeah. Yeah. That's the ticket. As everyone knows, those poor poor Repubs are just magically and mystically unlucky.
Hey, I forgot another Fun Fact about the S&P 500 Index!
[QUOTE=EihTooms;2824440]While financial media and some pundits like to cite the Dow because with just 30 stocks in that Index there is always some showbiz dramatic volatility to sweat over and report, savy investors know Wall Srreet's go-to Index to measure the condition of the broad USA Stock Market is the S&P 500 Index. It is simply a far more accurate and representative measure of the broad USA Stock Market.
Actually, it has always been a mystery to me why pro Trump wingers who claim to know something about the stock market even bother to cite starting points, ending points and that the numbers in the Dow show, glory of glory, during Trump's tenure as so-called president the Dow produced "over a 50% gain in four years"!
Really?
Guys, let me help you out with a tremendous favor for your cherry-picked Repub Trump talking point that you have been missing all this time: during Trump's so-called presidency, Wall Street's much preferred measure, the S&P 500 Index gained almost 70%! LOL. Yep. It has always been right there under your supposedly savy investor noses. LOL.
[URL]https://finance.yahoo.com/quote/%5EGSPC/history/[/URL]
Now, bear in mind a few Fun Facts about that and others' records.
1. The reason the USA Stock Market did that well under Trump while even his pre Trump's Pandemic jobs creation and GDP growth were crap relative to the Trillions he charged American tax payers to get there is because his one and only economic / tax legislation did not produce notable jobs creation or economic expansion results. No, as expected and predicted by the Dems who did not vote for it, that money was spent buying back company stocks and skyrocketing corporate and CEO pay:
[B]Did Trumps tax cuts boost hiring? Most companies say no[/B]
[URL]https://www.pbs.org/newshour/economy/making-sense/did-trumps-tax-cuts-boost-hiring-most-companies-say-no[/URL]
So, sorry farmers, the welfare checks Trump sent you was pretty much all of it for you. And sorry, job hunters, Trump's one and only legislative accomplishment was about flooding the stock market with hot windfall profits, not creating jobs.
Oh well.
Back to more S&P 500 Index Fun Facts:
2. The average annual gain in the USA Stock Market as measured by Wall Street's go-to preferred Index, see historical data table link above, for the most recent presidential tenures is:
GHW Bush, +13%.
Bill Clinton, +26.25%.
GW Bush, -10%.
Barack Obama, +22.75%.
Donald Trump, +17.3%.
3. As of this writing, the gain during Joe Biden's tenure at a bit less than 2 1/2 years in office is about +11%.
However, that is in the midst of all the lingering horrific worldwide economic, supply-chain and inflation fallout from Trump's policy of defunding and removing the Pandemic Prevention and Response Teams from known bad actor in these matters China at the worst possible time and then spending a critical year lying and doing everything a so-called world leader could do to create and develop a devastating Pandemic.
4. To further put the above number into perspective, after just a bit less than 2 years in office, on December 24,2018, Trump's gain in that Index was only 3. 5%. Yep, after almost 2 full years in office and with none of the Trump's Pandemic historically damaging headwinds working against him.
And that was a full year after his one and only economic / tax policy legislation was signed and passed.[/QUOTE]Here is another Fun Fact about the S&P 500 Index:
5. It ought to be mentioned at least in passing that the S&P 500 Index gained a whopping 14.3%, almost as much as a year of Trump's Average Annual Gain in the broad USA Stock Market just in those 2 months and 3 weeks from election day, November 3, 2020 to Biden's inauguration day on January 20,2021 in one of the greatest post-election Relief Rallies in history on the defeat of Trump and thwarting his bid for "Four More Years"!
Which makes total sense. Wall Street knew very well the hot money windfall profits for CEO and corporate stock buybacks, to skyrocket CEO pay and not do much at all to create jobs or expand the economy, as provided in Trump's one and only economic / tax policy legislation, had pretty much shot its wad by 2020 anyway.
And now it was time for a Dem to do all the right things in the right way at the right time to clean up the colossal mess of the economy produced by classic horrific economic stewardship. As usual. They were justifiably thrilled to buy buy buy as soon as it was obvious Trump's shit storm of a so-called presidency was mercifully out and a responsible adult Dem was in.