Dow Posts Worst One-Day Point Drop In History

As you blamed Obama for the Great Recession originating under Bush. 

I blamed Obama for the slowest recovery in history.

From the worst economic disaster since 1929--by the way, 10 years of job and economic growth followed.   And, your analysis must be discounted by the fact that for the first eight months of the worst economic downturn in any of our lifetimes, you came on this site and insisted that the economy was NOT in a recession.  Let's just say, your perceptions and judgments are suspect.

Dealer, while I sell chemicals for a living, my degree is Finance.  A recession is generally defined as two consecutive quarters with decreasing GNP.  Any time this has happened, I agree this has happend and there is a recession.  In my mind, there is no room for interpretation.

How about you?

National Bureau of Economic Research defines the start and stop of recessions and it is much more complicated that "two quarters" of GDP recline.  They define the start of the Great Recession as Dec 2007--which ended a quarter when first estimates announced a positive GDP growth followed by first estimates of the first and second quarter of 2008 being announced as positive.  Three consecutive positive quarters were the first three quarters of the Great Recession--not "two quarters of GDP decline."  Your cheerleading for the Bush economy wouldn't let you see it for 8-10 more months.  You started several threads with here with "we are not in a recession," as I recall.   I'd think about asking for a refund on the money you spent on your education.

Which grew at the same rate as the "greatest recovery ever" under Trump.....just with a smaller deficit.

I guess that happens.   Kinda like when conservatives blamed Obama for the BP Oil spill....and the economic implosions of Greece/Italy/Spain....and Ebola.

Know anybody like that?

All I know is I'm losing money.  They say "stay the course."   I stayed the course in 2008 and lost a fortune.  Of course I finally couldn't stand it any longer, switched my accounts, missed out on the bounce.  Will there be a bounce any time soon?  Inquiring minds want to know.

How many times does one have to repeat these facts before pj finally understands. 

Obama's GDP was 50% lower than President Trump. 

obama's last quarter was 1.1%

obama's cumulative deduct was $9trillion. 

I don't understand why Boiler suddenly thinks that free-market principals don't apply. Just the other day he was saying people not being able to afford the expensive coronavirus vaccine assuming we get one was because of a lack of planning on their part. Doesn't that same principle apply to Trump? 

California is currently monitoring 8,400 people they think have been exposed. They can't test them because the Federal Government only sent them 200 test kits. Trump sent out people in street clothing with no training on how to avoid exposure to meet with the cruise ship evacuees some of whom had the virus. The market dropped as Trump was giving his televised presser. Trump claimed the coronavirus was no worse than the flu but the coronavirus has a fatality rate of 2-3% while the flu has a fatality rate of .1%. In the same presser, he said up until that day he didn't know the flu killed people.  Then he appointed Mike Pence to handle the virus. The only medical crisis Pence handled resulted in hundreds of people being infected by HIV because of his inaction. He also thinks smoking isn't bad for you. 

Yesterday, Trump said, "It's going to disappear. One day it's like a miracle, it will disappear." Trump is waiting for a miracle. 

The market sees what Trump is doing and rendered its judgment because it is clear Trump has no plan and his only concern is how the coronavirus impacts him personally.