President Trump has been like a proud father when it comes to the success of the stock market this year. He often talks about all the records that have been broken this year on Wall Street. It appears he believes that he is responsible for its successes and he feels that the market would have tanked if Hillary Clinton had been elected president. At least that is the way it looks because of a tweet he sent out recently.
If the Dems (Crooked Hillary) got elected, your stocks would be down 50% from values on Election Day. Now they have a great future – and just beginning! https://t.co/9TzSC8F8vY
— Donald J. Trump (@realDonaldTrump) December 31, 2017
Now, the numbers don’t lie, and this has been a banner year for the market. In fact, it had its best year since 2013. It had a 25 percent gain in value, and it is getting very close to going over 25,000 for the first time. Numerous records have fallen and one of the believed catalysts for this growth is the promised tax cuts that just got signed into law. President Trump is not the only reason for the market’s growth though. The stock market has been on a steady climb since March of 2009. Many economies around the world are growing, not just here in the United States. Still, the president’s recent tweet does raise an interesting question: Would the market have tanked if Hillary Clinton had been elected?
In this video, MSNBC discusses the performance of the stock market under President Trump.
Would the stock market have tanked under Hillary Clinton? Are President Trump’s pro-business policies responsible for the record year? Or, would the market still have had a great year thanks to the continuation of President Obama’s policies?