Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Even if that's true ... keep in mind that the stock market did very well with eight years of Clinton.
With eight years of Bush we've had not just one but two stock market crashes so ...
I'll take my chances on a liberal any day.
There are business cycles in play where timing is as much a factor as who is in office.
The stock market did well under Reagan too.
Clinton was a moderate. Also had a republican majority in congress starting in 94 that balanced things out.
Obama is on the left of most Democrats and he has the Democratic majority in congress at least for the first two years. Last time we had a Democratic President and this big of a majority of Democrats in congress was back with Jimmy Carter
We had recessions with both Kennedy and carte in modern times, The carter recession was really bad of those in my lifetime. Very high unempolyment ;double digit inflation.
We had recessions with both Kennedy and carte in modern times, The carter recession was really bad of those in my lifetime. Very high unempolyment ;double digit inflation.
I'm not arguing that there hasn't been recessions with Democratic Presidents. I'm arguing that generally the market does better with Democratic Presidents since we at least avoid the huge crashes we get with Republican Presidents.
Even with the nasty recession of the '70s the market pretty much stayed the same while Carter was President ... in the '800s.
Which isn't too bad considering. I'm sure a lot of people would have loved for the market to remain stable just in the last year.
With Bush, by contrast, we've had two major stock market crashes since the year 2000.
I'm not arguing that there hasn't been recessions with Democratic Presidents. I'm arguing that generally the market does better with Democratic Presidents since we at least avoid the huge crashes we get with Republican Presidents.
Even with the nasty recession of the '70s the market pretty much stayed the same while Carter was President ... in the '800s.
Which isn't too bad considering. I'm sure a lot of people would have loved for the market to remain stable just in the last year.
With Bush, by contrast, we've had two major stock market crashes since the year 2000.
Let's blame Bush for the 9/11 crash. Even the 2008 crash, you can pretty equally blame both parties for being asleep on this.
When you have a Democratic President and Congress things don't go very well. Four years of Carter and two of Clinton prove that. Six years of Carter and Clinton and the market gained 600 points during those six years. Barely 2% per year before you subtract inflation. Add inflation and you are losing double digit.
Ford: Date and Dow Price
August 1974 677
January 1977 954
Prime around 8% (42% rise on the dow in 2 1/2 years)
Carter:
January 1977 954
January 1981 947
Prime Rate about 15% (you would lose about 80% keeping your money in stocks during that time)
Reagan
January 1981 947
January 1989 2342
Prime rate around 12% (ahead of the game in stocks)
Bush 1
January 1989 2342
January 1993 3310
Prime rate around 7.5% (also a good time for stocks)
Obama=Carter?
First two years of Clinton with a Democratically controlled congress:
January 1993 3310
January 1995 3869
The market kept pace with interest rates, respectable but not terrific.
Last six years of Clinton with a Republican Congress:
January 1995 3869
January 2001 10578
Bush 2
Republican Congress:
January 2001 10578
January 2007 12477
Last two years with the Democrats in control:
January 2007 12477
Dec. 2008 8149
Last edited by Winkelman; 12-01-2008 at 04:51 PM..
No, just taking him at his word. He said it over and over during the campaign.
No, you aren't taking him at his word. Because, I repeat he has said he is not likely to push his tax plan right away.
Anyhow, the correction today was rather amusing. A lot of people seemed to be betting on another rally today, too bad. Anyhow, without rallies like the one saw last week the smart money wouldn't be able to unload their crap on a bunch of suckers.
I'm doom and gloom but have no intention of making any "predictions".
We are in unchartered water here and I'm keeping liquid and following the sites that I do that warned of this 2 years ago.
This is not like any past recessions we have had since the Great Depression.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
