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Economy Stock Market Near 35,000: Where Is All the Media Giving Biden Credit?

Discussion in 'The War Room' started by luckyshot, Sep 28, 2021.

  1. luckyshot Voted Most Reasonable Platinum Member

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    Here's an interesting example of the double standard between right wing media and legitimate news sources: Remember when Trump was President, every time the stock market reached new records it was all over the place in right wing media... credited directly to Trump.

    Then the MSM used to present the "counter argument" of "Obama economy." That is a great example of one of the fundamental dynamics of the media. One side drives a ridiculous narrative without any factual basis, then the MSM responds to that narrative, pointing out that it is without factual basis, but this creates the illusion of public debate-- as if there is some legitimate disagreement on facts, when there is not in any objective sense.

    The point to note here is that there WAS a big public argument about how much credit Trump deserved for the hot economy/ stock market. Implicit in this debate was the idea that he deserved SOME-- perhaps a LOT-- of the credit. Just by engaging in the debate the media was strengthening his case.

    Well, the stock market has been in record high territory since July, but you probably haven't heard about it much in the media. And you certainly haven't seen scores of articles crediting it to Biden personally. Just another example of why it really is a false narrative to suggest that right wing media is some sort of logical corrective to the "liberal bias" of the MSM.
     
  2. Misfit23 Red Belt

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    Maybe they're just bracing themselves for the inevitable collapse? And it is going crash at some point....
     
  3. Mr Holmes You talking money, need a hearing aid

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    Where are the leftwing media's articles crediting the July highs to Trump?
    <{vega}>
     
  4. Sketch (҂`_´) <,︻╦╤─ ҉ - - - Banned

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  5. TardStrong Brown Belt

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    Inflation has it up so no credit
     
  6. luckyshot Voted Most Reasonable Platinum Member

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    You guys really have broken brains. Or you're just lazy mother fuckers. I laid out the double standards very clearly in the OP.
     
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  7. tenniswhiz Steel Belt

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    Yes you did.
    Regarding the right wing media, you are correct.

    The truth is that a president and his decisions are a drop in the ocean. The economy will move in cycles based on millions of other things, aside from a US president or his administration.
     
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  8. west42 Black Belt

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    /Thread
     
  9. Sketch (҂`_´) <,︻╦╤─ ҉ - - - Banned

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  10. My Spot Not my bald spot. Not your dog, Spot.

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    It really is amusing considering he was giving credit to Obama for the stock market during the Trump years.
     
  11. Sketch (҂`_´) <,︻╦╤─ ҉ - - - Banned

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    Oh I know. Hahah
     
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  12. jrams Red Belt

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    Didn't the S&P, Dow, and Nasdaq get waxed today? I don't get the timing of this thread.
     
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  13. luckyshot Voted Most Reasonable Platinum Member

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    All laid out in the OP.

    It was dumb to give Trump credit for the stock market.

    It certainly made more sense to give Obama credit when it was the beginning of Trump's term, but it doesn't make very much sense to give ANY Presidents credit for a stock market.

    No President should get very much credit (or blame) for a stock market.

    My point-- once again, laid out in the OP-- is that people DID give Trump credit. And people DID rebut this by giving Obama credit.

    Biden isn't getting the same discussion.

    That's the discrepancy in the situation.

    Here's a picture to illustrate:

    [​IMG]
     
  14. My Spot Not my bald spot. Not your dog, Spot.

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    And yet you gave credit to Obama for it.

    <Fedor23>
     
  15. Sketch (҂`_´) <,︻╦╤─ ҉ - - - Banned

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  16. Mark Hunts FIST Black Belt Platinum Member

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    This year for me is 12.7%
    YTD 26.50%
    Year-to-date is much higher due to the drop/recovery because of covid

    Nothing to write home about.

    I was averaging about 4% under Obama.
     
  17. 58miles Black Belt

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    Part of the reason Biden isn't getting credit is because Biden isn't constantly running around taking credit, besides right now his main concerns are covid and getting his infrastructure bill passed.
     
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  18. Mr Holmes You talking money, need a hearing aid

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    Sounds like the point of your OP is to bash "right wing" media. Ignoring that, the state of the economy isn't nearly comparable in the 2 situations. We currently have a labor shortage, supply shortages and massive inflation. Once everything comes crashing down, reasonable news sources will give Biden the credit he deserves.
     
  19. SKYNET Quicksilver Belt Platinum Member

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    Are these "legitimate" news sources the same ones that paraded Michael Avenatti around for several months?
     
  20. nostradumbass Double Yellow Card Double Yellow Card

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    Today was the biggest sell off in a year. That Biden's fault?
     

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