Month: June 2019

Sorry, Rich People – Obama Was Better for the S&P Than Trump

Jon Ponder

From Fortune:

When it comes to talking himself up, Trump in particular has compared himself to Barack Obama. So, how do the two presidents measure up in terms of growth in major indexes, measured between their inauguration and May 31 of their third year in office?

The short answer is that Trump has quite a way to go. Under Obama, the S&P 500 grew by 56.4%. The Dow Jones Industrials Average was up 50.6% and the Nasdaq, 92.9%.

The numbers under Trump were 21.4% for the S&P 500, 25.2% for the Dow, and 34.2% for Nasdaq.

Alabama Mayor Calls for Killing Gays

Buck Banks

“We live in a society where homosexuals lecture us on morals, transvestites lecture us on human biology, baby killers lecture us on human rights and socialists lecture us on economics! … The only way to change it would be to kill the problem out. I know it’s bad to say but without killing them out there’s no way to fix it.”

— Carbon Hill, Alabama, Mayor Mark Chamber (R), is apologizing after he recommended “killing” members of the LGBTQ community in a now-deleted Facebook post. WBRC reports.

Trump Spends Campaign Funds Where Else? Trump Tower

Buck Banks

$37,500

HuffPost: “With commercial tenants fleeing his Trump Tower, President Donald Trump continues to spend $37,500 a month of campaign money for office space there — with some of that cash destined for his own wallet — even as thousands of square feet go unused at a newly opened office in northern Virginia. … No more than ‘four or five’ campaign staffers work at Trump’s Manhattan base, according to an informal adviser close to the White House, where the campaign rents a few thousand square feet as its ‘headquarters.’ The per-square-foot cost is likely at least triple what the [RNC] pays for the much larger space it shares with the campaign in Arlington, according to a HuffPost analysis.”