MSNBC’s Ali Velshi Dumps All Over Trump’s Stock Market Gains: Other Countries Don’t Have a President Trump
VELSHI: "Now, this is the moment in which I remind you that the stock market under Donald Trump has performed well. It is continuing — this is the Trump part, it is continuing an upward trend that started on March 9th of 2009. Either way, Trump has presided over a fantastic market. But other global markets are doing just as well. And they don’t have a President Trump leading their countries. Let’s take a look. This is the S&P 500 here in the United States. Here’s the Nikkei 225 in Japan. It’s actually up more than the S&P 500 is. Hong Kong, the Hang Seng is up even more than the S&P 500 is. Now Trump can take credit for either of these. This is the Dax in Germany. It’s up 12 percent. Still almost double what you’d get in an average year. Again, no Donald Trump at the helm. In fact, there’s a good deal of political upheaval in Germany. So I don’t know. Trump also likes to claim that as president, no other president has seen as big an upswing as he has in their first year. Again, simply not true. In President Obama’s first 11 months in office, the S&P 500 grew by 38 percent. Now, in fairness, this was coming off of a very deep recession and a very bad market. You would have accept -- you would have hoped for some growth, but still more than double Donald Trump’s growth. George W. Bush had a 20 percent gain in his first 11 months. So Donald Trump ranks third. He will tell you that he ranks first."