Biden has an advantage no one is talking about

[Joe Cool]

That being the stock market.
It’s booming right now. Once the Fed cuts interest rates, it’s going to skyrocket and continue that way if there is a belief that more rate cuts are on the horizon.
It’s going to be hard for the rapist/felon/fraud to argue he could do a better job with the markets.

[spooky3]

1. I think the Biden campaign is cautious on this, because Presidents

Have little influence on the stock market, per research over time. The moment he touts where it is, it could drop and then people will blame him.

[democratsruletheday]

10. I couldn't agree more spooky....

history has shown us your post is absolutely true. That said, Biden should take credit for it as much as common sense and political acumen will allow. God knows his opponent would.

[spooky3]

17. :-) Maybe he will talk about it just before the election. Nt

[jimfields33]

13. Yeah. Last thing we need is bragging and nasty October comes around.

October traditionally is the worst month for the stock market. Not sure why. New fiscal year?

[DENVERPOPS]

16. The Republicans alway have their classical

"October Surprise" a couple of weeks before every Presidential Election. Maybe crashing the stock market will be their corrupt ploy to get everyone to vote for Trump.....

[yorkster]

23. Or, no bragging, just a positive mention

with the usual caveat thrown in.

(I suspect there will be a fair amount of
"caveating" going on until the election.)

[AkFemDem]

2. They need to cut the interest rates, stat

Middle income and low earners don't care about the stock market. They care about their mortgage interest rates and the cost of ground beef. You're correct in connecting stock success and overall financial health and an eventual interest drop- but a lot of people just see whats right in front of them- we need a good ole fashioned interest drop ASAP. Since inflation rates have finally taken a significant drop I hope that happens soon and if it does we'll see a new narrative that will benefit President Biden greatly.

[ITAL]

12. A lot of Middle Income Earners have 401Ks

My wife and I do, so we appreciate them going up. But I agree that presidents get too much credit and blame for how the market is doing. Not to say they don't have some influence, but a whole lot of stuff unrelated to them really drives the stock market.

[spooky3]

18. The Federal Reserve controls the central bank interest rates and

By law they are independent of the President’s influence.

The current expectation is that there will be a rate cut in September. But that depends on how inflation goes.

[usonian]

3. Didn't he just call this economy a depression?

Asking for a friend.

[Wednesdays]

4. "It's going to be hard for the rapist/felon/fraud to argue he could do a better job with the markets."

The rapist/felon/fraud is crowing that the market is doing well because he's winning! (In his own mind.)

[Joinfortmill]

9. his own diseased mind.

[BannonsLiver]

5. Already baked into the cake

[LastLiberal in PalmSprings]

27. TFG has said the market is great now because it knows he'll be president.

On the other hand, when to market skyrocketed after Biden took office, it was only the residual effect of T***p's presidency.

[pansypoo53219]

6. incumbant matters.

[Mme. Defarge]

7. I'm bullish

on Biden!!!

[twodogsbarking]

8. It isn't Joe's nature to blow his own horn but he has started to highlight his accomplishments.

That will help.

[surfered]

11. He can never argue, he can only lie.

[calimary]

30. Certainly true of "Tiny t".

Sure wish he’d go away. Have a nice life in Florida and rename Mar-a-Lago something with his name on it, like a dog marking his territory every few feet when you take him out for a walk.

[Ms. Toad]

14. The people we need to convince to vote for Biden, by and large, are less impacted by the stock market -

than in whether their paycheck covers the rent and groceries.

[rubbersole]

15. tsf will brag/whine regardless of the reality on the ground.

If things look good it's because people think he's going to be elected. If things look bad he could fix it with a wave of his small hand. Lather, rinse, repeat. That act isn't working for anyone but diehard magats.

[Warpy]

19. I am never too shy to point out that the stock market always does better under Democrats

and I'll even start the clock at the end of WWII, after Democrats had cleaned up the mess caused by successive Republican administrations ending with the hapless Hoover, too wedded to Republican dogma to deal with the Depression.

[58Sunliner]

20. Our economy is better, but I would be cautious.

You know what happened last election cycle right? Stocks tanked from ATH's in August/Sept.
It took @ 2 years to get back the value. I am convinced it was done on purpose not just to lock in profits, but to cause pain and suffering to the middle class and possibly drive down donations. The hedge fund managers may well be looking to do it again. The 2 weeks of Biden bashing saw ATH's. Now it's "correcting". Biden isn't stepping aside and last night Trump fell asleep at his convention.

[calimary]

31. He did? (Fall asleep at his convention?)

OMG!!! LOVE it!!!

We haven’t been watching. Husband said “do you mind if we don’t watch the convention, cuz I really don’t want to…” and I perked right up! Hell, I don’t even have to, since I’m not in the news biz anymore! What a joy!!! We found more “To Catch a Smuggler” episodes and we watched those instead.

[58Sunliner]

34. Yep, couple of posts on it here.

[PoindexterOglethorpe]

21. Some idiot shoots at Trump and the stock market

finally closes above 40,000. Coincidence?

[dchill]

22. I believe it had already crossed 40,000 twice before the attempt.

I personally don't believe in coincidence.

[PoindexterOglethorpe]

35. That's true, and I actually knew that.

I'm hoping this time it will stay above 40k for a while.

[Klarkashton]

24. Problem is Trump's convinced half the country

That we are in the worst recession since the great depression right now. That was intended to counter the facts.

[MyOwnPeace]

28. So here we say it again...............

SHOW them the FACTS! Don't let his lies go away!
STATE the FACTS! Don't let his lies not be countered.
USE the FACTS! For every lie he puts out there, hit him with more truth - you know, THE FACTS!!!!!

Yes, it's ugly that somebody tried to shoot him (thanks for the 'gun' legislation, REPUGS!) but that does NOT give him a license to LIE - not that any shooting ever stopped him before. SHOW HIM NO MERCY!!!!

And President Biden STATING THEM (yeah, he certainly should have done that in 'the debate') is NOT BRAGGING, it is TELLING THE TRUTH (gawd, something IQ45 wouldn't recognize!).

GO GET HIM, JOE - SHOW THEM THE FACTS!!!!!!

It's not "SHOW ME THE MONEY!" - it's "SHOW THEM THE FACTS!!!!"

[IronLionZion]

25. The rapist/felon/fraud has been fraudulently taking credit for the stock market

claiming his very existence inspires people to invest in hopes of a MAGA victory.

Biden camp has tons of good stuff to talk about: jobs, unemployment, wages, unions, benefits, health insurance, etc.

[doc03]

26. I wouldn't make any bets on what the stock market will do, sometimes what we think

is good news is bad for Wall Street.

[Seasider]

29. The main reason is people will just whine about inflation

And how they can’t buy food and gas or whatever.

[gerryatwork]

32. The traditional talking points...

… are not likely to move the needle. The majority of Americans don’t own stock, the more the market goes up, the more angry many get.

If inflation actually goes down or slightly up, prices are already so high. People really want to feel a difference. They won’t unfortunately.

Low unemployment numbers frustrates the majority of Americans because they are already working and all too many live week to week.

Democrats are more educated than republicans and can understand these advantages. Not much so for republicans.

The reason the needle hasn’t moved the polls. Democrats are shaking their heads asking themselves why the great economy isn’t moved the needle.

[PennRalphie]

33. I've been saying this all along

The whole economy is BOOMING!!!!

Have any of you traveled lately? Every plane, hotel, cruise ship is jam packed with people. My airport, Pittsburgh, has seen record numbers. The boomers have an absolute TON of money from the stock market, and they are spending it. Everyone is spending money. Everyone has a new car. New construction around here is unbelievable.

Biden needs to talk about the economy. All day. Every day.