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Do know that putting dems in charge of ensuring the financial security of the taxpayers has demonstrated colossal ineptness and predictable promotions to higher offcies of responsibility.
Take Tim 'the tax cheat' Guitner, Bernanke, Dodd and Barney. To a man they denied that there were impending financial tsunamis headed our way while in their previous official positions. When the waves crashed over our economy someone decided to hand these sleeping dogs greater responsibility for our economic future.
If I can see the predictable scenario unfolding so can the purveyors of the stock market. When you see that Dem dog in charge of the barnyard its time to make a raid.
Who populates the current treasury dept? goldman Sachs alum! Who put a line in the bailout bill authored by Dodd at the last minute which ensured the AIG folks would get their bonuses? The treasury dept!
Who claimed he had no knowledge as to how that line got in his bill? The annswer is Chris Dodd!
Why did they do that ? To create a straw dog so Obamites could leverage class warfare.
[...puts on conservative hat]
Clinton was the first Democratic President to win election to two terms since FDR (no, Truman doesn't count because he wasn't "elected" to his first term). However, every elected Republican in the same period except Bush Sr. has won re-election to a second term. Furthermore, the stock market is all about futures - not conditions necessarily at this exact moment.
So clearly the stock market is rallying now because they too are predicting that a Republican will take over in 2012.
Umm...the stock market reached it's highest number under.....Bush.
Once again you choose to play fast and loose with the FACTS.
The day George W. Bush Jr. entered the White House the Dow Jones Industrial Average was 10649.81 the day he left office the Dow Jones Industrial Average when he left office it was 8077.56. That represents a LOSS of over 24%.
From that Dow Industrial Average Index from the last day President George W. Bush Jr. was to yesterday the Dow closed at 12, 258.20. Under the Obama Administration the Dow Jones Industrial Average has increase 51%.
Once again FACTS prove to be very inconvenient things for Conservatives.
Facts prove you dont have a clue.. Below is the chart of the stock market under the GOP and Democratic Congress.
Anyone that understands the Constitution KNOWS that its CONGRESS that controls the economy.. READ IT.. PLEASE..
and btw, I've been very consistant here on this.. no re-writing needed.. Another post going back 15 months where I said the exact same thing //www.city-data.com/forum/12979680-post15.html
Let’s use your logic for a second. From inauguration of Obama until January of this year the Democrats controlled the White House, Senate and House of Representatives. When George W. Bush Jr. left office the Dow Jones Industrial Average was 8077.56. In January the Republicans regained control of the House. On January 3, 2011 the Dow closed a 11,670.75. So under the control of a Democratic White House, Senate and House the Dow rose over 44%.
Once again you choose to play fast and loose with the FACTS.
The day George W. Bush Jr. entered the White House the Dow Jones Industrial Average was 10649.81 the day he left office the Dow Jones Industrial Average when he left office it was 8077.56. That represents a LOSS of over 24%.
From that Dow Industrial Average Index from the last day President George W. Bush Jr. was to yesterday the Dow closed at 12, 258.20. Under the Obama Administration the Dow Jones Industrial Average has increase 51%.
Once again FACTS prove to be very inconvenient things for Conservatives.
You don't seem to understand that the stock market isn't the economy. The President has little control over it's ups and downs.
Obama is about to buck the trend. When his term expires in Jan 2013, I don't see the Dow any higher than 2000, which is 10,000 points lower than where it is now.
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