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Actually it is significant. The market doesn't typically drop after an election of a president. All covered in that thread. Funny how if it went up you would be crediting O with it.
As I said before, and will say again ... who cares about the immediate reaction right after the election?
The market has since climbed from a low of 6,500 up to nearly 11,000 ... in approximately 1 year.
THAT is Obama's economic policies at work !!!
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Originally Posted by arctichomesteader
When all else fails...."Bush bush bush bush bush...."
Sorry, but O gets an F for being able to budget. Just where do you think he'll get the money for everything from?
When everything else I stated can't be challenged by you, just focus on the word "Bush".
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Originally Posted by arctichomesteader
It was one of their major reasons for passing the porkulus, to stop unemployment from rising. And it failed. Predictably.
How awful ... instead of their prediction of 8% coming true, we ended up 9.7%
And thanks to the stimulus, the economy has been looking much stronger. Did you see the economic news today?
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Originally Posted by arctichomesteader
Insurance was originally intended for major issues that are not otherwise easily paid for. People seem to think now that someone else should pay for their problems.
Furthermore: this bill is worse than a national healthcare, for it forces you to buy insurance but does nothing to control the price.
The government can't make whatever laws it wants whenever. The Constitution strictly limits it unless amended, and amending is a complex process.
No, it is apples and oranges. It's federal versus state, and optional versus required.
The feds have strictly limited powers. The rest are reserved by the states and people. The states have more powers than the feds. The feds have no authority to force us to buy insurance.
Second, don't want to buy car insurance? Don't drive, you don't have to. Walk, use a horse, etc. But this law forces everyone to buy something simply for living. It's a major difference.
Insurance is for events that can not be predicted, but occasionally happen.
And all insurance is not the same.
The level of insurance you purchase determines how much you are willing to pay out-of-pocket before the insurance company begins to contribute.
So you decide whether your level of insurance will pay for basic doctor visits or will it only cover you in the event of a catastrophic injury or illness.
And as far as government required insurance goes, I'm sure Obama knows the law. He was a constitutional law professor. Don't you think he would have investigated it, before signing it into law?
As I said before, and will say again ... who cares about the immediate reaction right after the election?
The market has since climbed from a low of 6,500 up to nearly 11,000 ... in approximately 1 year.
THAT is Obama's economic policies at work !!!
Markets correct themselves. Left alone the market probably would have recovered more quickly.
The people certainly haven't shared in this though. Unemployment is still massive.
The response of the markets to a new president is very important.
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How awful ... instead of their prediction of 8% coming true, we ended up 9.7%
Tell millions of people they don't have a major problem them, because it's "only" 9.7%. But do you know what the actual, full percentage of unemployment is?
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And thanks to the stimulus, the economy has been looking much stronger. Did you see the economic news today?
Still bleeding jobs here, another surprise deficit in the state budget, people at the breaking point from taxes and unemployment...yeah, great news, I'm glad O gave our money to big corporations.
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And as far as government required insurance goes, I'm sure Obama knows the law. He was a constitutional law professor. Don't you think he would have investigated it, before signing it into law?
They don't care about the Constitution. Pelosi thought someone was joking when they asked about the Constitution. Experts are predicting the SCOTUS will gut the law.
Why don't you post the portion of the Constitution granting the feds the authority to do this?
As I said before, and will say again ... who cares about the immediate reaction right after the election?
The market has since climbed from a low of 6,500 up to nearly 11,000 ... in approximately 1 year.
THAT is Obama's economic policies at work !!!
Who cares about the DJIA in general? It is not the only market index you know.. Not to mention the fact that it is a purely speculative indicator. The only thing it is good for is measuring the health of the few dozen companies traded in the DOW. During the peak of the 90s bubble the DOW would change (for better or worse) by more than 100 points on a daily basis to a point that 1987's Black Monday was barely even a blip in comparison. Plug those Yahoo! Finance numbers into a line chart if you want to see for yourself.
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Originally Posted by RD5050
How awful ... instead of their prediction of 8% coming true, we ended up 9.7%
Actually we ended up with 10.1%, and it has been fixed at 9.7% for 3 months running.
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Originally Posted by RD5050
And thanks to the stimulus, the economy has been looking much stronger. Did you see the economic news today?
The primary purpose of the stimulus was to drive up government consumption expenditures in order to prop up the economy. In the 4Q of 2009, government consumption and investment actually contracted by .26% out of 5.6%, in the 3Q it counted for .55% of 2.2%, and in the 2Q of 2009 following the passing of the bill accounted for 1.33% of the total contraction of .7%. In reality, you can thank positive GDP growth on exports and in the last quarter on change in private inventories. For a more than $700 billion package, very little net effect was bestowed on the economy. Cash for Clunkers was more effective program - albiet expensive - as sales of durable goods (which includes cars) added 1.36% out of 2.2% growth in the 3Q of last year.
Health Care Reform is not a single set of laws which are either "all good" or "all bad".
They are laws which will attempt to fix as many different aspects of the system as possible, to make the system as a whole more affordable for everyone.
And if there eventually will be a "government run plan", it will not replace existing insurance plans.
The government plan will be available in addition to the current plans ... for people who can't afford private health insurance.
As mentioned, it's most likely that the health "care" bill which passed is unconstitutional.
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The changes are meant to FIX what's wrong with our current system ... not entirely replace it.
Yeah, as if the government can "fix" it.
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And yes, taxes may eventually go up .... but SO WHAT?
As if we aren't taxed enough.
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I would much rather see Americans PAYING for all government services they use now, rather than borrowing money from China, and adding more to our National Debt ... like we did during the EIGHT YEARS of George W. Bush !!!
As well as during the EIGHT YEARS of William the Impeached.
Barack Hussein Obama is the strongest, fairest and the best President to have ever served this country. American finally has a President that we and the rest of the world can be proud of and represents all humans.
I do not care about the rest of the world, and I only care about americans, not illegal aliens nor anyone else.
pbo can go get a real life and I wish he would before he really gets in over his head, much more than he already is.
why not have him go back to being a community organizer, because he might actually be good at that.
Reverses a severely crashing stock market, and
turns it into a 72% gain
Then why does it continue to fluctuate and average out at a lower level? No solution, just the market balancing itself without aid from Obama.
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Slows a rapidly increasing unemployment rate down
to 9.7%
Rapidly decreasing? It remains at a government calculated 9.7%, despite all the rhetoric from Obama to the contrary and a large portion of the jobs "regained" are temporary (census workers) and government jobs that will go away. All while Obama and team play with the figures to hide the truth.
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Passes the most comprehensive health care reform
ever seen by the United States.
Which, according to his own polling, most people do not want, at least in this form. And it is being challenged (and in my opinion it will lose) in court or be overturned shortly.
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THESE ARE ACCOMPLISHMENTS OF A TRULY GREAT PRESIDENT !!!
THESE ARE THE ACCOMPLISHMENTS OF A TRULY DELUSIONAL PRESIDENT WHO LIES EVEN TO HIMSELF.
Very sad strategy of the Obama haters to try to pretend that America wasn't destroyed under Bush.
What's stopping you from answering the question? What did Bush I and Bush II do to improve America? Starting two vendetta wars for oil? Fattening the wallets of their oil rich friends?
Again, typical of a liberal with no answers. Blame someone else, demand they answer your questions while you ignore theirs.
Sad strategy? Like you supporting Obama? Very sad.
It then stabilized, and remained in the 8,000 - 9,000 range for the next 4 months.
In Feb 2009 - March 9, 2009 it dropped another 1,400
From that March 2009 low, it then gained back approximately 72% to where it is today, just under 11,000!
And we have PRESIDENT OBAMA to thank for stabilizing the stock market, by providing immediate and necessary bailouts to companies to keep them from failing, and help get the economy back on it's feet.
10 Trillion in debt?
Counting your chickens before they hatch I see?
Maybe you should wait until the money is actual ... and not PROPOSED?
The way you talk about it, you act as if the debt is ALREADY there.
Obama based his 8.5% UNEMPLOYMENT ASSUMPTION on the economic figures he had AT THAT TIME.
Those economic figures changed as more data came in.
How many more times do people need to keep reminding you of this?
Considering he managed to level off unemployment at 9.7% ... I'd say he did a pretty great job !!!
Obama is making his best guess using whatever data he has at the time. It's not as if this stuff is fixed in stone.
Obama is requiring that people carry at least basic medical coverage. If people feel they should be allowed to use hospitals whenever they need it, then I see no reason they shouldn't be required to carry at least minimal coverage.
President Barack Obama is the GREATEST president in modern history, and may be the greatest president of all time !!!
Time for another dose of your medication if you truly think you are stating facts.
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