Monday, October 3, 2022

Economy

During the Trump years the economy was booming as shown by the Dow which was 20,000 when entered office and 31,000 when he left. It was on the upswing and continued its rise and reached a peak of 36,000 after Biden had been in office for 10 months. It then started down and today is 29,000. When Trump was elected the experts predicted the market would crash and it rose 50% in four years. When Biden was elected Trump predicted the market would crash and in 20 months it dropped 20% into a Bear market. The first 10 months of the Biden administration the market was up 37% and then the bottom fell out. Biden's approval rating was in the mid 50's during the first 8 months but when he pulled out of Afghanistan it started down along with the market and has settle in the high 30's. Gas prices started to rise, crime started rise and border crossings started rise. There are many reasons why these things happened but the facts are that they did. Now both sides can put forth their arguments it was not their fault.

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