The "Obama Recovery" was phony. Markets beginning to tank again. (death, racist)

[dsjj251]

Originally Posted by FarUnlitUnknown

If we're going by the textbook definition, were we in a recovery during the Housing Bubble 1?

Everyone looks back on that and realizes it was fale economic growth. Same with Tech Bubble 1. We're currently living in either Bond Bubble 1 or Tech Bubble 2. It'll be interesting to see the bottom come out of this economy.

Oh, but I forgot, "It's different this time."

If you know the text book definitions of the words; Recession, Recovery and Bubble, then you know full well that the answer to your question is no, but that also doesnt mean that we were in a recession( which is what you are claiming)

During the tech bubble, we were actually in Prosperity(expansion), as we had surpassed the last peak. Also, a bubble bursting does not create a recession in and of itself, nor does it ultimately end in one. You seem to assume it does, so I thought i would point it out.

[Utopian Slums]

Originally Posted by turkey-head

As usual bad news for Americans is great news for Republicans!

Sickening isn't it?

Just like many posters here, my economic condition is much better than in 2008, the only people unemployed here are RETIRED and the only angry people are the ones with so much money its leaking from their butts so they've conveniently turned into conservatives who ***** about taxes and welfare after making 100s of k of UNEARNED INCOME in the market.

[Vascodagama]

Originally Posted by middle-aged mom

Reagan holds the record for most lifts. The federal debt trebled under his watch. Reagan campaigned on the promice to balance the budget. He broke that promice 8 years in a row.

Throw the public a tax cut and no one cares if spending is cut to offset it. Keep on kicking the can.

Reagan increased the national debt by under 1.7 Trillion

George W Bush increased the national debt by under 4.9 Trillion

Obama raised the national debt by 5.8 Trillion in his first term and will probably exceed another 5.8 Trillion in his second term for a total of more than 11 Trillion.

Kicking the can only works until the government can no longer service the national debt ... meaning that they don't bring in enough income just to pay the interest on the debt ... let along paying for things they are supposed to pay for ... this is what is happening in Greece and other EU countries.

What's going to happen when the government can no longer pay for welfare, disability, VA, pension funds, bailouts?

[gmagoo]

Originally Posted by Know Nonsense

Because most Demcrats are fiscally irresponsible. It then tanks when reality sets in. Living in a dreamworld beyond your means is clearly unsustainable. The joke is on them because the rich will stiill get theirs from them. See the cycle? What will it really take to break it?

Funny that you should talk about fiscal irresponsibility when the other party started 2 wars and put them on the credit card and followed that up with tax cuts that weren`t needed. Again, who is it that`s fiscally irresponsible?

[pknopp]

Originally Posted by gmagoo

Funny that you should talk about fiscal irresponsibility when the other party started 2 wars and put them on the credit card and followed that up with tax cuts that weren`t needed. Again, who is it that`s fiscally irresponsible?

Both parties.

[hawkeye2009]

Originally Posted by CanuckInPortland

You sold at Dow 10,500!



I sold over half my stocks at Dow 18,000 and Dow 17,000...Dow 10,500, ha ha ha ha.

I guess you didn't see the other part-

I bailed and avoided the crashes of 1987, 2000, and 2008. These actions were much more important in building wealth and preserving capital than this "run" beyond 10,500. That does not mean that I did not invest the money in something else. There are other assets and financial instruments than just stocks.

If you want to match net wealth, let me know.

[Finn_Jarber]

Originally Posted by hawkeye2009

Hmmmmmm..................................


If you are "doing well", Obama's policies will be ones that transfer your increased income and investment returns to others.

That is the nature of socialism. A transfer of wealth and the products of labor are taken from the productive and given to the non-productive.

As far as your investments, I have been through booms and busts going back to the 1970s. When you are happy with your portfolio, that is the time to get out the market. I missed out on this run (as I sold out at Dow 10,500 after buying at the bottom), but did not get killed in 2008, 2000, and 1987. Let me know about those investments in a few years, as I have seen it all before.

Young investors tend to get sluaghtered.

My wealth was not transferred to anyone. Neither was yours, you said yourself you sold pre-maturely. It is your own fault.

[Finn_Jarber]

Originally Posted by nononsenseguy

Oh, was there a recovery? As a self employed ceramic tile contractor for 20 years prior to Obama, I can tell you that in 2009, business fell off dramatically. People were scared of Obama's promised "transformation," Obamacare, and his entire economic policy. We decided to just retire.

Or maybe they were scared because the US had just gone through an economic meltdown.

[KonaldDuth]

When the Christmas sales numbers come in at a disturbingly low number and the stock market tanks, we'll be forced to accept that there never was a recovery, that we've been in a recession for the entire Obama presidency but were able to cover it up through articial stimulus (QE programs). I'll bump this thread when the reality is accepted.

[renault]

I don't think even Obamasheeple buy his economic recovery stories any more.