Here’s CNBC’s John Harwood attempting to compare the first year+ of the stock market during the Obama administration with the Trump administration. Can you spot what he did?
increase in Dow Jones Industrial Average from president's Inauguration Day to Feb 5 of following year:
–Trump 22.7%
–Obama 38.5%— John Harwood (@JohnJHarwood) February 5, 2018
As CNN might say, this is apples and bananas:
Is this supposed to be a smart rebuke? It's not. If any explanation is necessary as to why, best to sit out discussing the topic. https://t.co/2zuR6xljkw
— Blame Big Government (@BlameBigGovt) February 5, 2018
And here’s Fox Business Network’s Charles Gasparino with a brutal smackdown:
do i really have to remind people the DOW hit a low of around 6000 in march 2009 and the fed pumped TRILLIONS into the markets through QE; trump took a bull market and added some more without any fed help but with a dose of free mkt capitalism that said he shld stop being a tout https://t.co/ap575NHNKJ
— Charles Gasparino (@CGasparino) February 6, 2018
Harwood did attempt to clarify things a little bit:
of course. your point is right. mine is that any president’s claims of specific economic/market accomplishments coinciding with his tenure are arbitrary, influenced by multiple factors not attributable to politicians https://t.co/6pOdwO0y71
— John Harwood (@JohnJHarwood) February 6, 2018
Well, that was a little too late as the proverbial horse had already left the barn with lefties embracing the comparison:
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Well…
Stock market went up nearly TWICE as much in Obama's first Year+ as Trump's. https://t.co/L7gcJlWeIE
— Jesse Ferguson (@JesseFFerguson) February 5, 2018
— Mike Lupica (@MikeLupica) February 6, 2018
#MAGA #SoMuchWinning https://t.co/x1F0DZrUKm
— Bob Cesca (@bobcesca_go) February 5, 2018
Although Gasparino did agree with Harwood with respect to market gains and/or losses are “influenced by multiple factors not attributable to politicians”:
Of course that point is right as well https://t.co/lYN5GjKO0x
— Charles Gasparino (@CGasparino) February 6, 2018
***
Related:
OUCH: Conservatives hand John Harwood his ASS for fussing because Trump called media 'fake news' https://t.co/ktAyEcWycZ
— Twitchy Team (@TwitchyTeam) December 11, 2017
This is shocking, we know, but CNBC's John Harwood just tweeted Trump out of context on Niger https://t.co/yxnAucIDfM
— Twitchy Team (@TwitchyTeam) October 25, 2017
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