Say doc, for some reason you've stopped posting
- Thread starter EERs 3:16
- Start date
It's still over 17k, hardly in the category of a bust.
If it gets all the way down to 8k again ... that will be a big bust. And I'll buy buy buy buy buy at that price
If it gets all the way down to 8k again ... that will be a big bust. And I'll buy buy buy buy buy at that price
Giving any president credit for a Fed induced stock market bubble is uneducated. The Fed currently has a $4.5T balance sheet. Unwinding that isn't going to be pretty,
Does that mean that you are, financially, a big fan of GWB, and you loaded up when the stock dropped below 8? Or is your statement restricted to Obama's DOW?
It's has its ebbs and flows. If it went up every day, we'd all be rich and you wouldn't have to count arrowheads. But, just like a good Boy Scout is encouraged to do, BO is going to leave this economy better than he found it.
Any number of metrics support that Obama has left the economy better than he found it....DJIA, unemployment, new private sector jobs created, budget deficit corporate profits increased....I could go on. You can try to mitigate any of those. But the fact remains all of those metrics have improved under BO.
Well, if you cannot admit that the economy is better today than it was when Obama took office, then you have no intellectual honesty and it is you who is delusional.
Yes. Who knows what the future holds. But some are in denial that things are better now than when he took office. Anyone with a pulse knows that is true. Yet some are so full of hate that they cannot give the man credit for anything. We even heard negative comments when he ordered the hit on bin laden. It's shameful.
That's a ridiculous standard. The U.S. Has always come out of recession. The sad fact, however, is that median family income is still below 2008 levels. Lack of jobs, lack of good paying jobs and part time jobs are to blame. Fed policy has helped the wealthy but has done little for the average American. I ask you to name one policy created by Obama that brought us out of recession.
Spoken like a true hater who thinks Obama is an enemy of the US. Well done. And to answer your question....the $750 billion stimulus, extended unemployment benefits, tax cuts, public works projects,. as a result opf his stimulus, growth was 4% in 2010. Job losses ended in March 2010 and we've had over 60 straight months of of job growth since. And I won't even bother with his saving 3 million jobs in the auto industry.
Wrong, wrong, wrong. We came out of recession in June, 2009. The "stimulus" had virtually no impact. Remember Obama said he was mistaken about shovel ready jobs, they weren't shovel ready. Krugman said the stimulus didn't work and he is the lib's favorite economist. Read Zuckerman's article that I posted. Weakest recovery coming out of recession since WW II. The unprecedented Fed action has helped the wealthy, not average Americans.
Could it have anything to do with the fact that it was the worst economic event since the Great Depression? I'm certainly not claiming his policies were ideal. But when the Dow has almost tripled and we've had 60+ straight months of job growth (when we lost millions leading up to his election), I'd say his policies helped. As to Krugman, if you were honest, you'd admit that Krugman's problem with the stimulus was that we didn't provide enough stimulus.
Read Zuckerman's article. He is correct. Our history has shown that the deeper the recession the stronger the recovery. As for Krugman, he does believe the stimulus needed to be bigger. In either event it was a mistake. Krugman believed it to be much too small. And non-Keynesians of course don't believe that a Keynes style stimulus package works. Raising taxes and increasing regulations is not a recipe for a thriving economy . The Fed had far more to do with the rising stock market than any fiscal policy.
600k...... thats it? At least that's a decent start, and how many degrees do you claim to have.
Actually, I think he wrote that finance book. He is just dabbling in this market for research to write a WS editorial
Can't I be (or not be) both? No, I'm not a big fan of GWB. I think he was disastrous for our country. However, I did capitalize on the opportunity that was presented, and I will do so again if it does. That doesn't mean that I want it to as it's terrible for the country as a whole. I'd rather have a strong economy in which everybody wins.
I made out fairly well under G-Dub. And by fairly, I mean very. He had zero to do with it though. Thanks Health South circa July 2003.
Again, we are seeing Obama take back what GWB gave. The working little man is getting slaughtered and the very big are getting even more separation. Those on govt dole could give a ****. It costs them nothing to get their payday on the 3rd of each month.