In Obama's eight years the Dow Jones went up roughly 8,000
Posted on: November 9, 2017 at 09:46:44 CT
DHighlander NWMSU
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points. In Trump's first year in office it went up about 5,500 points. The markets had a steady increase under Obama but there is no question Trump caused a spike.
The best indication is probably what happened right after the election. In the two months between his election and Trump actually taking office the Dow Jones went up over 1,000 points. Business believed Trump was going to deregulate them and the investors responded.
Government regulation is the key factor here. Obama used government agencies to reel in and stifle what he believed were 'bad' business sectors. Trump removed most of those regulatory dogs and business has responded.
The president has a huge influence on the business climate in America.