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It is a good quote to taunt conservatives with, but this market is approaching correction. Markets don't get 10% gains in two months, without correcting. A little, or a lot.
Truthfully, I've done very well in the markets, including 2008. But, this President is ineffective at best.
With the Dow closing above 13,000 today for the first time since May of 2008, and the NASDAQ closing in on 3,000, things are looking good for the economy and for Obama's reelection.
I've been told numerous times on this forum that a much better indicator of the economy is the S&P 500 which is mostly domestic companies, while the Dow Jones is mostly multinationals who will see increased profits even if the US economy is depressed but Asian ones are not
The S&P 500 has ALSO done well under Obama (as have all the major indexes). Three years ago the S&P 500 was a bit over 700. Now, it's it's just shy of 1,400 - roughly doubling in 3 years.
I read the OP and thought to myself that ignorance is bliss.
People here get that the market has been manipulated by Obama by throwing money they print into the market for the last couple of years, and especially now that an election is coming up.
Business folks fear Obama as being anti-business and have no intention of hiring or expanding or doing anything new till he is voted out on his bottom.
Democrats for the most part know this guy is a failure and the rest new this was going that direction before the turd got elected.
With the Dow closing above 13,000 today for the first time since May of 2008, and the NASDAQ closing in on 3,000, things are looking good for the economy and for Obama's reelection.
With all the trillions Obama has given to the Wall Street folks, and the hundreds of billions in corny capitalism, its no wonder they might like another four years of it.
If gas were to hit $12 a gallon in October, Obama will still win. If we get hit with a nuke from Iran, Obama will still win. If people are starving in the street, O will still be our next president. Get used to it.
The S&P 500 has ALSO done well under Obama (as have all the major indexes). Three years ago the S&P 500 was a bit over 700. Now, it's it's just shy of 1,400 - roughly doubling in 3 years.
I read the OP and thought to myself that ignorance is bliss.
People here get that the market has been manipulated by Obama by throwing money they print into the market for the last couple of years, and especially now that an election is coming up.
Business folks fear Obama as being anti-business and have no intention of hiring or expanding or doing anything new till he is voted out on his bottom.
Democrats for the most part know this guy is a failure and the rest new this was going that direction before the turd got elected.
And yet somehow companies ARE hiring again - 243,000 in January alone.
It seems either your understanding or your logic is severly flawed.
Ken
Last edited by LordBalfor; 02-28-2012 at 03:52 PM..
If gas were to hit $12 a gallon in October, Obama will still win. If we get hit with a nuke from Iran, Obama will still win. If people are starving in the street, O will still be our next president. Get used to it.
I know if America loses Obama feels he won, but he'll be on the side lines in an unemployment line by January IMO.
And yet the real unemployment rate is waaaay above 8%. Even the "official" unemployment rate being above 8% still shows that the stimulus did not work
8.3% and FALLING - just half a point higher than it was when he came into office - and FALLING. In another month or 2 it'll probably be BELOW that point - and FALLING.
The United States Unemployment Rate (http://www.miseryindex.us/urbymonth.asp - broken link)
8.3% and FALLING - just half a point higher than it was when he came into office - and FALLING. In another month or 2 it'll probably be BELOW that point.
The United States Unemployment Rate (http://www.miseryindex.us/urbymonth.asp - broken link)
Ken
Falling because more people are falling off the unemployment rolls or people actually getting jobs?
There's an uptick in the pre-1994 definition of the unemployment rate which is broader than the post-1994 U6 rate
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