Kermit Lancaster
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thread 1/3
MAGA folks bragged about stock market hitting record highs while Trump in WH. The DJIA reached almost 29k by Election Day 2020.
Then America fired Trump. Since Biden took office the Dow has rarely been lower than 30k. Today it hit new milestone of 38k.
08:15 PM - Jan 22, 2024
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Kermit Lancaster
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thread 2/3
Caveats:
1. National economy is much more than just Dow and SP500.
2. Neither Joe nor any other POTUS should take full credit for market performance. Especially in a divided government.
3. Market is erratic and fickle. This year’s gains could dissipate tomorrow.
08:15 PM - Jan 22, 2024
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Kermit Lancaster
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thread 3/3
This isn’t to argue that #Bidenomics is some kind of miracle, though clearly our POTUS and his team are doing something right with the economy.
But we can demand consistency. Folks who praised Trump economy by certain criteria must admit that Biden’s is far superior.
08:15 PM - Jan 22, 2024
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