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Then, bazaarly enough, you proceeded to answer your OWN question (when Tigerlily24 mentioned the market going up):
Pretty strange, dude.
Even moreso if you now deny once again that Obama hasn't made the market go up.
Spin, spin, spin.
Flip/flop flip/flop flip/flop.
LOL
Ken
I notice how you read into my response what you want to read into it, completely making assumptions not in evidence. (you know what they say about assumptions dont you)?
I didnt deny or credit the plan that Tiger mentioned with causing the market with going up, (although anyone who wants to talk intelligently about the subject (obviously not you) knows the increase began going up before that plan was announced). In my response to Tiger, I only stated that the plans it is not good for the country.
Obviously you dont care that there is a difference.
Does anyone know how far Main Street lags behind Wall Street in terms of recovery? Wall Street seems to have stabilized, but unemployment is gaining speed. Is there any consistent time frame when the recovery of Wall Street effects Main Street?
About 6 months, but there are many who have been predicting the recovery on Wall Street, followed by a steep decline as individuals take their profits out to protect them. Only after 6 months or so of market stabilization and good economic indicators, i.e. good retail sales, good housing starts will the employment follow. Most of those economic indicators rely upon the flow of money from the banking industry which plans began under Bush and continue to this day.
The current problem that we might face is actually to much money because its being created so fast and out of thin air that the only way to cover the debt currently being created is to cause inflation.. What that means is that when the employment situation recovers, you'll have to make even more in order to afford day to day living expenses..
Well, as of the increase in the markets today, the DOW (up 175 today) is within 75 points of when Obama was sworn in - with the S&P 500 (up 19 today) not too far behind - and the Nasdaq is actually in POSITIVE territory for the year (not just since Obama was sworn in). This is the 3rd week of the rally.
Will there be profit taking tomorrow?
Who knows, but it seems this rally has legs.
I notice how you read into my response what you want to read into it, completely making assumptions not in evidence. (you know what they say about assumptions dont you)?
I didnt deny or credit the plan that Tiger mentioned with causing the market with going up, (although anyone who wants to talk intelligently about the subject (obviously not you) knows the increase began going up before that plan was announced). In my response to Tiger, I only stated that the plans it is not good for the country.
Obviously you dont care that there is a difference.
As I said - spin, spin, spin.
I think your previous posts on this thread speak for themselves as to what you "said".
I believe everyone should give Obama the credit for what's happened the last week in the stock market.
It's like taking out a huge loan when you're having a debt problem. You get a period of relief. You've got money again to spend and invest. That $3 trillion new debt isn't chump change after all -- all that money being thrown at the CEO's and bankers. It's a surge for sure. All the taxpayers being bailed out with their portion of that $3 trillion -- a whole lot more money for all to spend and invest -- we're all flying high and feeling great right now, but what happens when the payment on that new debt is due?
I believe everyone should give Obama the credit for what's happened the last week in the stock market.
It's like taking out a huge loan when you're having a debt problem. You get a period of relief. You've got money again to spend and invest. That $3 trillion new debt isn't chump change after all -- all that money being thrown at the CEO's and bankers. It's a surge for sure. All the taxpayers being bailed out with their portion of that $3 trillion -- a whole lot more money for all to spend and invest -- we're all flying high and feeling great right now, but what happens when the payment on that new debt is due?
Summary tables of the budget.
http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf (broken link)
It shows a 1 trillion dollar increase in outlays compared to last year.
Ahh, but you said debt.
So with a $3 trillion baseline (2008), you must be referring to 2009-2011, right (adding up the projected deficits of those years)?
You can see the totals there too, here's a couple numbers.
3.76 trillion added through 2014
6.97 trillion through 2019
5.3 trillion is what bush added in his time.
I expect that we'll get more for our money, by comparison.
Also remember that the budget is just a figure;then they have to actaully appropriate the money. If that wasn't true the border fence would ahve been built and strong enforcement would have been going on since 1980. That is where many senators and congressman will choke knowing they have to run before obama again.
I believe everyone should give Obama the credit for what's happened the last week in the stock market.
It's like taking out a huge loan when you're having a debt problem. You get a period of relief. You've got money again to spend and invest. That $3 trillion new debt isn't chump change after all -- all that money being thrown at the CEO's and bankers. It's a surge for sure. All the taxpayers being bailed out with their portion of that $3 trillion -- a whole lot more money for all to spend and invest -- we're all flying high and feeling great right now, but what happens when the payment on that new debt is due?
Here is where the Obama move last week is not like the example you posed at all.
If you take out a loan to get a period of relief, you use that loan money to pay off debts, which lowers your monthly payment and allows you as the individiual to spend more due to the lower payment plan. This is where I actually have to give Clinton credit for understanding. He refinanced a lot of the countries debt at lower amounts. (and no, he still did not balance the budget)
Obamas plan is an additional debt, lumped on top of the oriignal loan amount that you couldnt pay to begin with. The original debt and payments continued.
I do agree with you though on whats going to happen when the payments on the debt is due, this has been the whole argument against the bailout from the beginning. We can hardly pay our bills now and we're lumping trillions on top of it? If this was a one time expense I could swallow it but the spending is being proposed for the next 10 years meaning the USA will have either massive taxes, massive inflation due to printing of money, or we will officially become bankrupt.
5.3 trillion is what bush added in his time.
I expect that we'll get more for our money, by comparison.
I didnt understand that the it was ok for the government to run any deficit provided that we get "more for our money".. I think our children and grandchildren would be open to dispute this statement.
p.s. Obama is projecting to tripple Bushs' deficit which seems to be ok with you? Its histerical to see those that criticized Bushs' deficit seem more than happy to live with Obamas much higher ones..
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