Why Obama and Hillary Clinton deserve the credit for stock market records

The DOW has soared 5,000 points since Donald Trump took the Oath of Office. We're on the cusp of hitting the 25,000 mark any day now.

President Trump is trying to take the credit for these record gains but we all know that it's former President Barack Hussein Obama who gets the credit and, believe it or not, Hillary Rotten Clinton.

Here's why:

1. In the eight years since Obama was sworn in, he has run the economy into the ground. The national debt increase $9 trillion. [If you want to know how big a number that is, if you counted to one trillion at one second per number, it would take you 31,710 years to finish. Now multiply that by 9!]

2. The Middle East was shredded with the creation of ISIS due to Obama's policies and his "leading from behind."

3. Obama put our tax money into failed companies such as Solyndra and bailed out the auto industry and other companies with our taxes. He even bailed out private equity landlords at the expense of the middle class.

4. The unemployment rate remained high under Obama and job growth remained relatively low.

5. Hillary Clinton lost the 2016 presidential election. She would have gone even further to the left had she won.

So Obama and Clinton deserve credit for the confidence the market has with the current administration. Sure, Trump is planning to reduce taxes for businesses, the middle and upper class, but you have to consider how much the former President and former incompetent secretary of state had on increasing confidence in the economy under President Trump.

President Trump simply rode their coattails.



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