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Old 04-02-2009, 10:32 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,226,583 times
Reputation: 7621

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Quote:
Originally Posted by oz in SC View Post
Take a look at what stocks are going up....

Banks....the same banks that are failing....the same banks that are running the show....and extorting our money from their friends in the Treasury Dept.
Sorry to disappoint you, but it's NOT just banks that are going up - the broader market (including the NASDAQ, the S&P 500, and markets all around the world) are on an upward march as well.

Try again.


Ken
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Old 04-02-2009, 10:33 AM
 
11,155 posts, read 15,655,590 times
Reputation: 4209
This rally is truly difficult for Obama-haters to accept.

What do you say when the multi-faceted plan you spent months attacking as "destroying America" is proving to save it? As goes the U.S. in this situation, so goes the world. And all indicators in the market suggest we're coming out of it (though jobs are always the last to respond).

Just like Reagan's policies for his era dug us out of a liberal-caused recession by '83, all indications are that Obam's polices are digging us out of a conservative-caused recession.

Let us hope it lasts, for that is what Obama promised us and what he seems to be delivering.

(haha - I'm obnoxious )
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Old 04-02-2009, 10:34 AM
 
69,368 posts, read 63,853,697 times
Reputation: 9383
Quote:
Originally Posted by RD5050 View Post
Not doing anything ????

Ever heard of the G20 ????
Yes, he's at the G20, so tell me exactly what he's doing to help the market go up?

(hint, he's not helping it go up, he's simply not causing it to fall by not being around to open up his mouth )
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Old 04-02-2009, 10:38 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,797,551 times
Reputation: 2519
Quote:
Originally Posted by pghquest View Post
Yes, he's at the G20, so tell me exactly what he's doing to help the market go up?

(hint, he's not helping it go up, he's simply not causing it to fall by not being around to open up his mouth )
LOL....you Obama hater you.

I guess that is my issue,nothing much is being done to make things better but people seem more than willing to give credit to the person they voted for...and to entirely blame the bad times on the person they disliked.

When to me it is more to do with a unsustainable system that demands ever increasing levels of credit to grow.
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Old 04-02-2009, 10:42 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,797,551 times
Reputation: 2519
Quote:
U.S. stocks raced higher Thursday, fueled by a reprieve from accounting rules that force banks to value soured credit bets based on the most recent trades.
Quote:
Bank stocks rallied as the Financial Accounting Standards Board voted to relax fair-value accounting rules, giving auditors more flexibility in valuing illiquid assets. Citigroup shares rose 6.3%, Bank of America gained 7%, and J.P. Morgan Chase rose 2%. The KBW Bank Index was up more than 4%. The step could enable greater lending activity to spur the broader economy. Banks may also not be as likely to take big write-downs. Critics say that altering the rules could make banks' financial health less transparent to investors.
http://www.marketwatch.com/news/story/US-Stocks-Gain-DJIA-Rises/story.aspx?guid={6EE7D3E7-59E2-49EC-A0DE-94FE9C3E0843}

I believe this is LESS regulation...I thought y'all wanted more government control???
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Old 04-02-2009, 10:44 AM
 
11,155 posts, read 15,655,590 times
Reputation: 4209
But the flaw in your argument is that Obama has done a lot.

Both liberals and conservatives will not argue that he has done more in his first 2 months than any sitting president. He has spent more as well.

It was a huge gamble on his part - one for which he took a lot of heat - but he stuck by it.

The markets started rising as they rolled out the Treasury plans, adjusted regulations, established an optimistic attitude, and released the stimulus money into the market.

So, it is difficult not to attribute at least some of the credit to Obama and other credit to the cycles of economy.
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Old 04-02-2009, 10:46 AM
 
Location: San Diego
5,319 posts, read 8,952,607 times
Reputation: 3396
Quote:
Originally Posted by pghquest View Post
Yes, he's at the G20, so tell me exactly what he's doing to help the market go up?

(hint, he's not helping it go up, he's simply not causing it to fall by not being around to open up his mouth )
It must really hurt inside watching Obama succeed ???

As President Clinton once said .... Ah' feel your pain.

I'll let you figure out for yourself about how the G20 summit is affecting the Dow. I'm not an elementary school teacher.
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Old 04-02-2009, 10:47 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,797,551 times
Reputation: 2519
Markets rose partly because regulations were loosened on banks reporting the value(or lack of) of 'toxic assets'....
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Old 04-02-2009, 10:54 AM
 
Location: USA - midwest
5,944 posts, read 5,563,650 times
Reputation: 2606
Default Hyperpartisanship

Two months ago, the sore losers were blaming the stock market's continuing plunge on Obama.

Now, they're hoping beyond hope that it falls again, so they can go back to that line of reasoning.

Country First, boys.
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Old 04-02-2009, 10:59 AM
 
69,368 posts, read 63,853,697 times
Reputation: 9383
Quote:
Originally Posted by wade52 View Post
Now, they're hoping beyond hope that it falls again, so they can go back to that line of reasoning.
Quote:
Originally Posted by RD5050 View Post
It must really hurt inside watching Obama succeed ???
Yeah, it really hurts to see my stock portfolio double in a month.. I guess possibly once I look at the tax consequences of doing so..
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