American politics has had its share of ups and downs since the onset of the presidency of Donald Trump. Some of the decisions taken by the trump government and the president himself were as surprising as the result of the elections in the first place. The financial markets have also experienced a wave of change since Trump presided over the presidential chair. Many changes have now become a prominent part of the financial markets in America. As per the reports of the government, the financial condition of America and the economy could not have been better. However, to probe deeper into reality, here are some of the major highlights of the comparison drawn between American markets under the current rule versus the condition of the American market at other times. With the help of the accurate data and other figures, the readers shall be getting an answer as to if Trump is trying to control the Wall Street or not.
The question of credit
One of the biggest doubts in the minds of people is how can trump take credit for the rise in the stock market. People who closely follow the activities of trump administration make it a point to read the tweets of the president on the micro-blogging site Twitter. These tweets point clearly to the fact that Donald Trump is continuously taking responsibility for the changes in the stock market and praises his presidential run for bringing the change. Additionally, the stock market do not represent the economy of America. Even if there is a rise in the stock market, it does not point directly to the fact that there is a boom in the economy. Trump administration constantly eulogizes the rise in the stock market without paying heed to the other sectors of the economy.
A comparative low
The facts and figures presented by trump government are not entirely correct and some of them do not even reveal the true state of the economy. These figures are manhandled because of which they do not reveal the true result. It is a result of this that it becomes quite difficult to assess the true growth. However, as per private surveys and research, it is revealed that the administration has not contributed much to the growth of the market. If one begins to compare the changes in the economy in the trump’s rule to the changes under Obama’s rule, one will find that the economy has gone down despite the introduction of various reforms and subsidies. However, this does not mean that the economy has crashed entirely. The stock markets are doing fairly well and are also growing. But as a matter of fact, that rise in the stock market is something which is not unnatural. Whatever changes are taking place are due to the market forces of demand and supply and not trump’s administration.
Thus, we see that it is not Donald Trump but the market conditions that are taking charge of the changes.