He takes credit for the gains, it's time to assign blame for the losses.
Let's have fun with this market drop! I'll start:
No thanks to Trump I'm down $117,000 from the peak.
Hey wait a minute! The media has been saying that the stock market had been going up because of Obama. So it's a 2-way street here. You can't have it both ways.
Also stocks are at this moment still up 32% since Trump took office.
I don't really even think the president has that much control over the economy, but this is flat out ridiculous. Let's review:
1) Obama inherits the 2008 crash from Bush. From the DJIA bottom on 03/09/2009 (three months after he took office) until the end of his second term, the DJIA grew 11% a year on average.
Republicans: but look at all the deficit spending he's doing to prop up the economy!
2) Trump takes office in 2017. His first year he does basically nothing but call people names. Nothing of substance that people could point to that would affect the economy anyway, except maybe try to kill the EPA and other "regulation reducing" measures. The DJIA is up 30% over the single year.
Republicans: Yeah, this is 100% due to Trump, this is what we wanted!
3) Trump / Republicans *actually* do something that has a clear and obvious impact on the economy: the tax reform. They *increase* deficit spending during a bull economy and shove the law through before the CBO and other economics bodies can finish estimating what the effect will be. A month later the CBO releases findings that the deficit this year will be almost double what it was last year. The stock market immediately tanks (for some reason).
Republicans: It's a 2-way street! You can't have it both ways! This is actually Obama's fault. You lost, go suck grapes!
Come on. Be a Republican if you want to, but don't be dumb. There is a clear and obvious reason why this may not in fact be Obama's fault.