Ask A Genius 252 – Trump and Stocks

In-Sight Publishing

Ask A Genius 252 – Trump and Stocks

Scott Douglas Jacobsen & Rick Rosner

August 7, 2017

[Beginning of recorded material]

Rick Rosner: Right now, the stock market—well, since Trump has been in office, the stock market has been going crazy. And initially I think there is a—it did great under Obama too because it couldn’t, well because we’re recovering from the deepest recession since the great depression. So at the beginning of Obama’s term, the prices were very depressed and we recovered pretty steadily. And then excuse me, under Trump we got a bump because people were excited that he and the Republican congress were going to roll back all sorts of taxes.

Now we’re six months in, and the Republican Congress accomplishing anything looks like a more remote possibility but now I think the stock market is continuing to rise because I think, I think the stock market likes a certain amount of political dysfunction. If the government can’t work, it can’t supervise business and business can do whatever it wants. We had nice rises in the stock markets, in the last year or two of Reagan who was embroiled in the Iran Contra scandal by the end of his second term, nice rise at the end of Clinton who was you know, impeached.

At the end of his second term, didn’t have a nice rise at the end of Bush two’s second term, because that was, you know, 07, 08, the stock market entirely fell apart over mortgage back security, the collapse of that market. But short of collapse I think people who were involved in stocks like when the government can’t get anything done which is the case right now. That’s it for that.

[End of recorded material]

Authors[1]

Rick Rosner

American Television Writer

RickRosner@Hotmail.Com

Rick Rosner

Scott Douglas Jacobsen

Editor-in-Chief, In-Sight Publishing

Scott.D.Jacobsen@Gmail.Com

In-Sight Publishing

Footnotes

[1] Four format points for the session article:

  1. Bold text following “Scott Douglas Jacobsen:” or “Jacobsen:” is Scott Douglas Jacobsen & non-bold text following “Rick Rosner:” or “Rosner:” is Rick Rosner.
  2. Session article conducted, transcribed, edited, formatted, and published by Scott.
  3. Footnotes & in-text citations in the interview & references after the interview.
  4. This session article has been edited for clarity and readability.

For further information on the formatting guidelines incorporated into this document, please see the following documents:

  1. American Psychological Association. (2010). Citation Guide: APA. Retrieved from http://www.lib.sfu.ca/system/files/28281/APA6CitationGuideSFUv3.pdf.
  2. Humble, A. (n.d.). Guide to Transcribing. Retrieved from http://www.msvu.ca/site/media/msvu/Transcription%20Guide.pdf.

License and Copyright

License
In-Sight Publishing and In-Sight: Independent Interview-Based Journal by Scott Douglas Jacobsen is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Based on a work at www.in-sightjournal.com and www.rickrosner.org.

Copyright

© Scott Douglas Jacobsen, Rick Rosner, and In-Sight Publishing and In-Sight: Independent Interview-Based Journal 2012-2017. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Scott Douglas Jacobsen, Rick Rosner, and In-Sight Publishing and In-Sight: Independent Interview-Based Journal with appropriate and specific direction to the original content.

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