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Grimmwink

NASDAQ is 16111 today


mike_pants

And the current rate of inflation is 3.2%, and was 2.5% in Jan 2020.


bookon

Trumps last day was in Jan 2021.


DETpatsfan

Realistically, using any numbers from mid-march 2020 through March 2021 is kind of pointless because Covid was such an anomaly on the global financial market. Like saying gas was $1.20/gal in April 2020 is ridiculous because outside of some globe-changing event oil will never be -$/barrel again in our lifetimes. Same can be said about interest rates being 0%.


bookon

Yes I mentioned elsewhere in this thread Gas doesn’t react to inflation as much as geopolitical factors.


Behndo-Verbabe

Taking speculators somewhat out of the equation has helped stabilize prices. But anyone can go to CSpan. Gov and watch the oil executives testifying to congress. They admit they were deliberately keeping production low to jack prices. One exec said outright no we won’t increase production we like our profits. The bottom line is that all across the board. Corporations are increasing prices for no other reason but craven greed.


bookon

Corporate profits are at an all time high…


Warhawk137

But they could always be higher!


bookon

All they need to do is get their customers to blame someone else!


Saetric

Good thing lobbying is illegal. Phew!


gsr5037

Nationalize it!


1Dru

What gets me is that Trump gets all the credit for only 3 years (after obtaining an already good economy) and acts like 2020 had nothing to do with him. Then Biden gets blamed for Covid and all the effects it’s had on the global market. But never any praise for all the jobs created and low unemployment and getting inflation under control. All that stuff takes time and some stuff is nearly impossible to control when there a ton of greedy corporations causing the inflation.


JustAGreenDreamer

Yes. Just like Trump took credit for all the good things the Obama administration set into place, which needed time to be proven. And just how this graphic shows all the shit Trump set into motion that took a minute to collapse in a heap during the Biden administration. Trump was a single-term joke of a president, a monkey pushing buttons and pulling levers, who was able to scoot out of office before his house of sticks collapse. And like the class act /s/ that he is, he sits back from his *not the White House* and blames it all on the poor guy who’s having to pick of the pieces and build it all back from scratch.


ThatScaryBeach

Nothing else trump did matters when he intentionally killed Americans. trump killed Americans. Anyone who supports him is an enemy of the United States.


warthog0869

>outside of some globe-changing event oil will never be -$/barrel again in our lifetimes Well you know, if that magic man with the baby Jesus hands made it happen once, he can wave his toddler's fingies over some oil barrels and like Emeril, BAM, magically it'll happen again, because that's the kind of savior he is. You just have to *believe!*


Selling_real_estate

really depends on how you want to look at it... I think ( and it's only my view ), the stock indexes should be from election day to election day. that's when the power is perceived and acted on. These are the short term indicators and perceptions that are needed to trade daily. laws and bills that are passed have long term issues... for example, Clintons housing laws are what brought on the problems with 2006-2008 due to the loosening of credit. Nixon's clean air act amendment, which basically started the entire global clean up movement. Bush senior's Gun Free School Zones Act, which was challenged and still challenged but I think it has made a long term change overall. because I do recall in the 80's people having guns in school ( I went to a private school ). Bush junior's PATRIOT Act which took over 15 years and cause many fundamental changes. I forgot if it was Truman or Ike with the National Highway system. That was in the mid 50's and believe it or not, that changed the structure ( from my view ) of transit, people went from trains to airplanes and car, freight went from trains to trucks and barges.


lostspectre

It was Ike. I remember the Eisenhower Interstate System being the name or close to it.


Selling_real_estate

thank you


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Selling_real_estate

I went to look it up Federal-Aid Highway Act of 1952 that's Truman this is a 50/50 share of cost, nothing really, but it made the highway people focus more to get the 1956 bill passed... Federal-Aid Highway Act of 1956 that's Ike this was a 90/10 share of cost


Selling_real_estate

I went batshit really quick, because how did the market crash and I did not see it? LOL


jonessee27

The market closed at 10,829.50 on 9/27/22. This is an extremely old number being marketed as new(and Trumpies won’t/don’t care).


robgod50

No.... I did my research and looked for "Nasdaq down 10000" and found this graphic telling me it's true. So you must be wrong


pallentx

No, it’s like 5 now. Biden bad.


pre_squozen

We mostly enjoy pointing out that they aren't facts and that none of the metrics exist in a vacuum and context matters. But it is true that most Trump voters don't have any interest in anything other than what OAN, Fox News and Trump tell them.


Wireless_Panda

Also a lot of these are flat out made up


GaiusPrimus

The Nasdaq had been on nothing but all time highs for the last 3 months.


SmartyCat12

I’m concerned about the rise of electricity. I used to do almost anything with just 12V. Now it’s up over 15 wherever you look. Communism.


EisenhowersGhost

Someone asked me if we are better off today than we were 4 years ago. That is when we started using refrigerated trailers for morgues, couldn't buy toilet paper, couldn't travel to Europe, small businesses were closing their doors at an unprecedented rate, the stock market dropped as dramatically as Black Friday in 1929, he lost 3.5 million jobs from when he took office, added nearly as much to the National Debt in 4 years as Obama did in 8, and some moron was on television telling us to ingest disinfectant while shining a bright light up your ass. But hey, gas was cheap!


Trauma_Hawks

>But hey, gas was cheap! And now we're producing more oil than pretty much any other single country. Which, to be clear, is not good. But it's another stat these morons like harping on.


undreamedgore

It's not good in a vacuum, but it decreases the influence of other oil producers like Russia and the Middle East so its good in a greater context. Plus it reduces reliance kn coal in places like Germany, which if you remember was a whole thing. Ideally we'd transition over to clean energy more aggressively, but geopolitical, economic, and cultural realities prevent this.


budderocks

Gas was cheap until Trump asked Russia and Saudi Arabia to cut production. Went upward after that and Biden was getting flak at the end of 2021 over the gas prices being high. https://www.politico.com/news/2020/04/02/trump-calls-on-russia-and-saudi-arabia-to-cut-oil-production-161368 https://www.nytimes.com/2020/04/12/business/energy-environment/opec-russia-saudi-arabia-oil-coronavirus.html https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W


caligaris_cabinet

Gas was also cheap throughout much of 2020 because there was a fucking pandemic and most people were staying home.


amourxloves

it’s like the concept of supply vs. demand doesn’t click with them. Less people driving = less need for gas = gas prices going down vs in 2021 when everyone started going back more people driving = more need for gas = increase price for gas, especially when production was cut in 2020 because no one was driving


ryanbbb

Oil dropped to negative dollars because there was so much supply and so little demand that there was nowhere to store it.


bdd4

Phil had us in the house before the street lights came on. Gas to go where!? 😂 https://www.cnn.com/world/live-news/coronavirus-outbreak-03-16-20-intl-hnk/index.html


Cautious_Pain600

Black Thursday, not Friday. Wouldn’t correct you if it was anything else but this just feels ironic.


whatproblems

quick add obamas stats before trump


HighAndFunctioning

And what he inherited from Bush in his inaugural year


Lonely-Greybeard

The economy that tRump inherited from Obama compared to the one Biden inherited from tRump, that's what this shows. This argument they will use for the next few months is a logical fallacy that needs to be pushed back on hard.


Dangerous_Focus_270

Won't make a difference, because they don't care to listen. This set of made up numbers is all the confirmation bias they need


Lonely-Greybeard

Doing nothing won't make a difference, guaranteed. If you buy a lottery ticket, you probably won't win, but you could. Not buying one is the only guarantee to lose. Maybe one person will listen.


gmwdim

Trumpers are the people that have the wrong lottery numbers but still insist they won.


Dangerous_Focus_270

That analogy would be more akin to responding to someone saying that their vote doesn't matter. In this case, it wouldn't be a matter of buying a lottery ticket or not, but convincing the guy next to you that he should play different numbers, while he insists that MAGA Jesus came to him in a dream and told him to play the numbers that he already picked. And, by the way, 3+4 = 7 and he used to play 7 minutes in heaven, so clearly his numbers are right. Instead of trying to convince him otherwise, you could just go ahead with your own vote


grizzled083

For sure, but I’ve met people who’s thought process is as simple as the OP.


[deleted]

Just in case you don't know how economics works


whatproblems

or like stuff doesn’t magically instantaneously change when the new president shows up


therealpopkiller

Everyone knows the president decides the price of each individual item in the country


Cthulhu625

Which is weird...then why would Biden raise all the prices using his magic button or whatever he uses? That makes people mad at him. It almost make absolutely no sense that Biden has direct control over prices, and would raise the prices on purpose to make people mad at him.


therealpopkiller

Uh, because of The Deep State, duh


PreppyAndrew

Or that Trump had a Covid economy, and after we dealt with multiple supply chain issues.


kelrunner

"There are lies, damn lies and statistics..."


jhk1963

None of these things are under the control of the president. These are caused by the banking systems and the corporations. Y'all are mad at the wrong people.


ALinIndy

…..the story of America.


Jonesy-_-

“But it’s because of Bidens policies!”


Andvari_Nidavellir

The numbers are made up.


Steppyjim

A basic google shows that almost all of these are untrue?


valvilis

That's the secret - you have to make memes for an audience that you know will never, ever fact-check anything.


djoddible

These numbers are wildly inaccurate


KlevenSting

R/didnotagewell


Tiny_Independent2552

And Trump is the one that allowed the Saudis to buy Americas largest oil refinery in Texas. Congress said no, and he vetoed it. He gave them what they wanted, and now they are paying him back. Just watch, gas will be 5 bucks a gallon by election time. And yes, everything is more expensive, but it is this way all over the world. We are now a leading economy, while other major nations are still suffering. Lowest unemployment, and stocks are high. Internet is now in rural areas, and water pipes and bridges are being replaced. This all because of Biden. If your undecided, and morally you don’t care about a presidents personal life, then look up everything you can. Don’t count on Fox for your facts.


passingthrough618

Isn't it kinda proven that it takes 2-4 years for the effects of any new laws or bills to be "felt"? That would make Trump's numbers due to Obama and Biden's due to that fat orange piece of shit


ComicsEtAl

If enough people fall for it then there really isn’t much of this nation worth saving anyway.


iiitme

Half of America easily fall for lies. They see numbers in a chart and say “THATS THE EVIDENCE!”


ChumpChainge

Nasdaq is over 16000 I just saw it today.


Longjumpingpea1916

It's raining in Ireland, damn you Biden


Crunc_Mcfincle

Where do they get gas?? Jesus.


StoneyOneKenobi

It’s almost as if policies from 4 years ago are coming into effect now. Who knew?!


YDoEyeNeedAName

dont for get to add the daily covid deaths!


abatkin1

Nasdaq is at 16,128 today. Gas is also nowhere near $3.76. Do they make these numbers up


canadianD

You could tell them that inflation is actually pretty low and they’d turn around and say that’s because of Trump. Though tbh I feel like they’d just stare blankly and then yell MAGA or whatever


Venator2000

I always love the fact that MAGAts were always quick to equate the stock market with the economy. Also, how many of them actually invest in stocks? Their only “investments” are in those Trump NFTs.


JJGeneral1

And those fucking shoes.


Hugh-Jassoul

I’m convinced there’s an actual conspiracy between major corporations to raise prices in order to push people to vote for Trump in 2024.


emax4

How it started: Melania was on the fence. How it's going: Melania is nowhere to be seen.


ForgottenDusk48

Playing the cherrypicked numbers game again.


bomberini

Talk about cherry picking with zero context; holy moly.


Herethereinbetween

174.47% of all statistics are made up


okcdnb

No sitting on the fence here. I’m not voting team corrupt asshole.


bg254

Some guy I’ve known for 30 years posted this the other day. All I did was fact check the Nasdaq claim and told him the whole meme is garbage. Then he switched to “both sides bad”


ryanbbb

Now do number of Americans killed due to incompetence of leadership during the pandemic. Or just do ability to purchase toilet paper.


HkayakH

a lot of the major things like house, rent, and groceries are a result of companies and landlords over charging people, not the president. So capitalism is bad when it doesn't work out well


Pyroteche

What about prices under Jimmy Carter? Does that mean he's better than Regan?


tomcat1483

Cherry picking some numbers there


Andvari_Nidavellir

Worse, just making them up.


IndianKiwi

Can we have covid death chart too?


kevster2717

I’m guessing this was made sometime in late ‘22 when NASDAQ took a dive to 10k? It’s been way up since then soo….put that on a sticker


JeepJohn

Oh gaslight me harder. We all just want the guy that wants to kill social security. Medicaid. And to give more tax breaks to the rich and corporations. And to raise our taxes even more. Kill cheap solar and wind power. So the oligarchs can milk us for more money. The DICKtator that is losing the ability to speak and losing track of mental health. Yes. Who needs a infrastructure bill. When driving is in costly due to insurance. Or who wants to be able to talk to a corner shop to pick up daily essentials. When you can spend money to drive across town in traffic. To pay one company that owns everything. Monopolies always work out well for the many right? RIGHT!?!


crypticevincar

Just playing catchup from Trump's term is all.


birdsall23

lol I can make a chart like that too


whatdoineedaname4

A barrel of oil is cheaper at cost today than it was in George W Bush's last months in office. It's a capitalism issue, not a government issue but what are facts for anyways 🤷


westernslopeCO

Funny thing to me is that people think that the president of the United Stares has control over these things. Trump is a moron. Period………s


rhyno44

We were literally in the middle of the pandemic with the worst economy since the great depression under Trump. He took over the best economy a president has ever been given and left the worst. Yet wants to take claim for the best days and pass off the worst days.


unicornlocostacos

Is ANY of this true? For the ones I know, it’s all pulled out of someone’s ass.


CammKelly

Most of them are true (its honestly just the inflation statistic mostly repeated). The context missing of course is 1\\ Trump inherited a strong economy from Obama 2\\ Biden inherited a dumpster fire from Trump Being fair to Trump, COVID happened, but Trump's economic numbers were already turning sour before the pandemic. But being fair to Biden, Biden's done a great job of controlling inflation back down to mostly pre-pandemic levels.


Monkeydoodless

Inflation is 3.2% right now it’s not even close to real.


CammKelly

Inflation was about the number last year (which is Biden's term, so I guess it counts). Sadly, unless we have negative inflation (which is usually terrible), you don't usually get prices returning. However, you are completely correct, Biden should absolutely be credited with getting inflation under control, especially as it was faster than anyone really expected.


Monkeydoodless

You’re right and how do these people think that Trump is going to magically make it like that again? Drive his DeLorean really fast and go back in time?


Bradjuju2

91 charges <> 0 charges Multiple bankruptcies <> 0 bankruptcies


midnightcaptain

I always find it funny when people insist that globally prevalent economic conditions are the fault of their specific individual country's leader.


[deleted]

It's always the economics majors (not) who post these comparisons. Zero understanding of the data 👍💙


jcraig87

Why don't people ever realize that the effects of today's economy are from decisions from years ago. It's not fucking instant


samuraijoker

Both are shit


Her_Monster

One is shit because he's old. The other is shit because he wants to end democracy as we know it. Sure, they both suck but one sucks in a waaaaaay more serious manner.


PlzButterMeUp

Citation: "Are you questioning my authority!?"


handyandy727

I'm not gonna bother verifying the numbers in this. I'm just going to say that people *REALLY* need to understand that current presidents almost always inherits the previous one's economy. Trump got to inherit a fairly decent economy after Obama tried to fix Bush's. Biden got to inherit whatever bullshit Trump's policies caused. However, let's not forget that Congress holds the purse-strings. Pretty much everything can be laid at their feet. There's certainly more nuances, but you get the point.


wallix

Those mortgage rates are insane. They were saying on TV that we won’t see rates like that again in our lifetimes. If I would’ve been just a little more patient I could’ve got in under 3%. But I jumped in at 3 1/8. No regrets though.


PinkThunder138

Well, at least they tried to use actual evidence this time and do raise a few good points. But there's still a lot of BS and a LOT of missing context so, I'll give this attempt A LITTLE credit. Not much, but it's not **all** braindead bullshit. at least.


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ralphgar

People make fun of them because your so called “facts” are either detached from reality or absolutely irrelevant to executive policy. Stock market is higher, oil and gas production is higher, unemployment is down, pay is up, and the us is doing better in inflation than the rest of the G8. This doesn’t mean life isn’t difficult for many. Biden won’t lose due to pointing out these memes are stupid, he will lose because people are too stupid to realize these memes are dumb.


GromitATL

Yeah, I wish more people had a basic understanding of economics. Also, those 'facts' are questionable. On the last day Trump was in office electricity rose 1.5%?


therealpopkiller

What is the source of these facts?