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Old 07-31-2009, 05:50 PM
 
12,867 posts, read 14,934,200 times
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585,000 people lost their job this week and GDP had a 1% contraction this quarter. that should help put things in a little perspective while you are celebrating the taxpayers' money being utilized to make wall street richer.
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Old 07-31-2009, 05:57 PM
 
26,680 posts, read 28,705,849 times
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Originally Posted by floridasandy View Post
585,000 people lost their job this week and GDP had a 1% contraction this quarter. that should help put things in a little perspective while you are celebrating the taxpayers' money being utilized to make wall street richer.
The stock market is a leading indicator. The stock market usually begins to decline before the economy declines and it improves before the economy begins to pull out of a recession.

Do you accept this? Or is it because Obama is President that you will reject any and all good news about the economy?
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Old 07-31-2009, 05:57 PM
 
18,141 posts, read 25,334,150 times
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Originally Posted by oldyeller View Post
So the dow tanks from 14K to six and now your touting a 9% gain in July like all is well??
FYI, George Bush was on the driver sit when that happened
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Old 07-31-2009, 06:00 PM
 
Location: Texas
14,975 posts, read 16,484,963 times
Reputation: 4586
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Originally Posted by AnUnidentifiedMale View Post
The stock market is a leading indicator. The stock market usually begins to decline before the economy declines and it improves before the economy begins to pull out of a recession.

Do you accept this? Or is it because Obama is President that you will reject any and all good news about the economy?
Many economists are forecasting a "double dip" recession.
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Old 07-31-2009, 06:00 PM
 
19,226 posts, read 15,343,008 times
Reputation: 2337
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Originally Posted by SouthCity09 View Post
Obama! Obama! Obama!
Baxter! Baxter! Baxter!
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Old 07-31-2009, 06:08 PM
 
346 posts, read 408,442 times
Reputation: 92
Default dopo

Quote:
Originally Posted by Dopo View Post
FYI, George Bush was on the driver sit when that happened
Yep and he warned idiots like Fwank and Dodd something needed to be done as they sat on their hands. Dems wanted a collapse to blame Bush just like they wanted to lose the Iraq war to blame Bush and every other thing they could think of to try and undermine that man. Now they are reaping what they sewed and still crying about Bush just like you.
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Old 07-31-2009, 06:09 PM
 
Location: Texas
14,975 posts, read 16,484,963 times
Reputation: 4586
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Originally Posted by SouthCity09 View Post
Obama! Obama! Obama!
You are obsessed and obviously in love.

You've posted this same little chant on about 100 threads. Grow up.
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Old 07-31-2009, 06:12 PM
 
12,867 posts, read 14,934,200 times
Reputation: 4459
Quote:
Originally Posted by AnUnidentifiedMale View Post
The stock market is a leading indicator. The stock market usually begins to decline before the economy declines and it improves before the economy begins to pull out of a recession.

Do you accept this? Or is it because Obama is President that you will reject any and all good news about the economy?
i don't accept this when the stock markets are being artificially inflated via the plunge protection team. i consider all other economic data more relevant, although i am happy for any people who have recovered some of their previous losses.
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Old 07-31-2009, 06:25 PM
 
26,680 posts, read 28,705,849 times
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Quote:
Originally Posted by afoigrokerkok View Post
Many economists are forecasting a "double dip" recession.
Yes, but some people clearly choose to be negative, even when there's good news. Some people are just more biased than others. The people who have only negative things to say about Democrats, liberals, and Obama don't impress me much, nor do those who only have negative things to say about Republicans and conservatives.
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Old 07-31-2009, 06:29 PM
 
Location: Imaginary Figment
11,449 posts, read 14,483,170 times
Reputation: 4777
Quote:
Originally Posted by AnUnidentifiedMale View Post
The Dow surged 8.6 percent for the month, with most of the gains arriving in bursts in the final 15 days. The extraordinary run shaped July into the best month for the blue chips since October 2002 and the best July since 1989.

The Associated Press: Profit reports push Dow to best July in 20 years

We can thank W, Daddy Bush and obviously Reagan for this.
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