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I thought liberals hated wall street and the "one percent", when did liberals start having a love feast with the stock market? Anyway before you go having your wet dream, you might want to look at real indicators of the economy. Like unemployment still being high, A record number of people still on government aid, most of the new jobs being created are low wage part time jobs.
The market is up 26.5% for the year and the Tea Party types are taking that to the bank and yet what are they so upset about the ACA and people drawing unemployment. I guess the ACA is really slowing down the economy... Lets bring back Bush and 2008..that was a great year.
Alrighty! And how have the stock market gains helped Main Street, the unemployed, low wages, millions of unemployed college grads looking for jobs, etc, etc?
When the fed stops pumping a TRILLION DOLLARS a year into the economy and the market crashes, lefties will blame "greedy banksters" for the depression, inflation and even higher unemployment.
That is due to increased productivity. That is a great thing, and we had several times the EU's GDP growth % in the US in 2013.
Increased productivity is ONLY a "great thing" if the profits from increased productivity are shared with the workers--and don't go straight into the pockets of those who already have far more money than they could spend in 100 lifetimes.
Sadly, here's what happened in America: "Productivity and wages grew in tandem in the U.S. for the 30 years after World War II. But for the past four decades, wage increases have not kept pace with productivity growth...if productivity sharing had continued the way it was in the three decades preceding 1973, each full-time worker would now be earning some $20,000 a year more. The median annual wage would be about $60,000 instead of $40,000" (Productivity Sharing: There Ought to Be a Law | Working-Class Perspectives).
A little bit of knowledge is a dangerous thing, when knowing ALL the facts leads you to the exact opposite conclusion.
Increased productivity is ONLY a "great thing" if the profits from increased productivity are shared with the workers--.
Productivity increases in the past 50 years have been almost 100% due to technology investment. Business owner invest in technology, not workers. The profits from an investment go to the investor. That's just simple economics.
Why weren't you angry when when GWB cut taxes while conducting two wars, thus increasing the national debt? You do realize that Clinton had shrunk the huge deficit he inherited from Bush I and that Bush II's fiscal policies made it explode again, right?
The tax cuts played a part in the $785 billion in government revenue from 2004-2007, (the largest 4-year increase in U.S. history).
Clinton refused to sign the balanced budget amendment two times before finally signing it into law, then he (and you) give him the credit!
You are not concerned that the national debt has increased more in 5 years of Obama than in 8 years of G.W. Bush? If so, why are not concerned?
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