Dow gains 120 points, Republicans blame Obama

[DiveCon]

ROFLMNAO...

Oh GOD that's PRECIOUS!

Now President ELECT is a completely different matter.
If it's a Dem then he is totally responsible for the stock market.

November 6, 2008
RUSH: The Obama recession is in full swing, ladies and gentlemen. Stocks are dying, which is a precursor of things to come. This is an Obama recession. Might turn into a depression. He hasn't done anything yet but his ideas are killing the economy. His ideas are killing Wall Street.

you clearly have no clue how Rush does his show

you prove it over and over

Clearly I DO or you wouldn't have replied.

August 26, 2008
RUSH: "When critics get it right, then you reply," and when you reply to something they've gotten right, it's evidence that the critic has gotten to you.

LOL
thats why everyone laughs at you

 

[edthecynic]

you clearly have no clue how Rush does his show

you prove it over and over

Clearly I DO or you wouldn't have replied.

August 26, 2008
RUSH: "When critics get it right, then you reply," and when you reply to something they've gotten right, it's evidence that the critic has gotten to you.

LOL
thats why everyone laughs at you

A perfect example of the arrogant pomposity of CON$ervo-Fascist Ditto-Nazis, They have bestowed upon themselves the Right and Privilege of
SPEAKING FOR EVERYONE.

 

[DiveCon]

Clearly I DO or you wouldn't have replied.

August 26, 2008
RUSH: "When critics get it right, then you reply," and when you reply to something they've gotten right, it's evidence that the critic has gotten to you.

LOL
thats why everyone laughs at you

A perfect example of the arrogant pomposity of CON$ervo-Fascist Ditto-Nazis, They have bestowed upon themselves the Right and Privilege of
SPEAKING FOR EVERYONE.

ROFLMFAO

keep doin it, its good for people to laugh

 

[Toro]

Yet there's nothing on the record where such a refutation has occured... Now THATS SWEET IRONY right there... The old "revisionist claiming revisionism...' CLASSIC!

All toro needs to do, is post the argument wherein these would-be refutations exist...

WARNING: DO NOT HOLD YOUR BREATH! Doing so while waiting on a Leftist to support their empty assertions will cause serious bodily injury and/or death!

I understand that you have to regurgitate lies to support your ideological worldview, since you offer no actual facts and misunderstand basic terms and even a cursory understanding of economics, otherwise your life falls apart.

But consider that even the world's most acclaimed conservative economist - Milton Friedman - disagrees with your bizarre and laughable theories.

As a result of examining more closely the key years between 1929 and 1933, Friedman and Schwartz first concluded that the Great Depression was not the necessary and direct result of the stock-market crash of October 1929, which they attribute to a speculative investment bubble. (The popping of the “bubble” may have been instigated by the Federal Reserve’s raising of the discount rate—the interest rate the Fed charges on loans to commercial banks—in August 1929. The cause of the speculative bubble that led to the crash is a somewhat controversial topic. Whereas Friedman and Schwartz accepted that the bubble was caused by investors, seemingly endorsing—at least partly—the Keynesian “animal spirits” explanation, Austrian economists have argued otherwise.) In fact, they believed that the economy could have recovered rather rapidly if only the Fed—the central bank of the United States —had not engaged in a series of disastrous policies in the aftermath of the crash.

The Great Depression According to Milton Friedman | The Freeman | Ideas On Liberty

So you run off back to your intellectual masturbation with your John Birch Society readings and have at 'er. I wouldn't want your head to explode.

 

[Diuretic]

Corporations make money while unemployment remains high.
.......

You worked it out! You know how it goes, a corporation lays off hundreds of workers and its stock price goes up! Amazing innit?

 

[editec]

Most Republicans said the fear mongering about a huge "Depression" was just that.

I guess we were right.

We didn't have a depression because the government massively backstopped the financial system. Had we done nothing, then we almost certainly would have had a depression.

There's still time, have no fear of that.

It is probably that for some classes in this nation we are now in and will continue to be in something that feels like a depression for some time.

But for other classes the current economic downturn will probably mitigate in the near futures.

Basically we Americans no longer really have one fate when it comes to the economy.

How often have we seen this in the last 40 years? Wall Stret is a go go, while Maine street is all a no go?

That' is the nature of our economy, now. Our economy really doesn't exist as one thing.

My economy and Bill Gate's economy are wildly different beasties.

His is an international economy while mine is a very localized one.

His fate and mine are hardly tied together, and neither are the classes within American facing the same economic fates.

 

[Diuretic]

ed the mechanism might have been saved from destruction. The mechanism may gradually return to its former functional ability. That is distinct from how it affects individuals. I think Obama and his administration - and to be fair Bush and his administration and Bernanke and the rest - may have saved the mechanism from destruction.

 

[editec]

ed the mechanism might have been saved from destruction.

Whose mechanism, Di?

The mechanism may gradually return to its former functional ability.

My point is that the system was already disfunctional for more than half the population.

they saved (or are trying to save) a system that wasn't serving most of us very well to begin with.

Now I am not saying that if they'd done nothing it wouldn't have gotten worse.

But I am saying that the system they are trying to save needs to be changed, not reconsituted.

That is distinct from how it affects individuals.

I'm not talking about individuals. I'm talking about classes of Americans numbering 150,000,000 or more of us.

Obama and his administration - and to be fair Bush and his administration and Bernanke and the rest - may have saved the mechanism from destruction.

Me, too.

They are trying to save the cozy (read corrupt and immoral) system that served them so well, without doubt.

What they don't apparently understand is that you cannot fuck over half the population and expct the system to keep working.

 

[Diuretic]

Capitalism ed - it has been saved.

 

[xsited1]

That chart is pretty much worthless. Here's a better chart:

I can understand why some people who don't like Obama or the Democrats would try to explain it away, but if you are going to bang on Obama for the market, you better be careful because odds are that you will look silly.

Your chart tells you little because it only tells you the past 20 years. Why limit yourself to a mere generation? That's about the duration of the average bull market.

Here is the performance of the market from 1901 to 2006 based on political composition of the government. Generally, the market has done worse under Republicans than under Democrats.

The Big Picture

Uh, no. You have an excuse for posting the same old garbage over and over again because you live in Canada, but you really should stop it because it just makes you look stupid.

Here's the way it is. In the United States, the market has done worse under the Democrats. That is a fact. The reason why you want to limit the data to 20-25 years is because there have been significant changes in the Democrat and Republican parties over the years and older data is simply not valid. It is obvious by your posts that you want the Democrats to look better than the Republicans when it comes to the economy, but the data doesn't show that.

Again, I can understand your position because you live in a country that approves of such things as Keynesian economics and Nationalized everything and you sincerely want to believe that Canada has it 'right', but you are simply wrong. And before you use the excuse again that I am some kind of Bush-loving Republican, note yet again that I am neither. Your ways are those of the idealogue. You have become what you hate the most.

 

[Diuretic]

I think Toro lives in Florida.

It's a damn sight warmer than Sask. I thought they were taking the piss out of me when they told me why they have those little plug thingies on the front of their cars - frozen oil????

 

[PubliusInfinitum]

What's more honest by taking a mere 20 years worth of data?

because its dealing with Congress, the folks that actually enact legislation

And Congress didn't enact legislation the 100 years prior?

Look at all the years you can, not just the last 20.

LOL... So Toro posts a graph which sets the market performance against the PRESIDENT over the measured period TORO produced in his graph...

Another member comes to post a graph of the same period, which shows the Market performance relevant to legislative majorities... THEN Toro complains that 'THAT measured period can't really show the whole story... '

Now friends, let's be honest... Toro is a 'statistical liar...' and it's just really no more complex than THAT; and you know what they say about those that use statistics to lie!

LOL...



Leftists...

(Next we'll have Toro complaining that she's being unfairly characterized as a Leftist... and after only promoting 'the sound fiscal policy of Hoover and FDR and setting up two graphs to prove that the Left produces superior market growth...)

Sadly, the truth is the where free market capitalism has built a strong market, Collectivist, anti-Capitlaism policy comes along and crashes that market and the Left then wants to look upon the increase in Market value from the point where they crashed it and ONLY TAKE CREDIT FOR THE GAINS...

Yep... That's a Leftist alright... she's ALL about the rights and NEVER ABOUT THE RESPONSIBILITIES INHERENT IN THOSE RIGHTS!

 

[PubliusInfinitum]

Yet there's nothing on the record where such a refutation has occured... Now THATS SWEET IRONY right there... The old "revisionist claiming revisionism...' CLASSIC!

All toro needs to do, is post the argument wherein these would-be refutations exist...

WARNING: DO NOT HOLD YOUR BREATH! Doing so while waiting on a Leftist to support their empty assertions will cause serious bodily injury and/or death!

I understand that you have to regurgitate lies to support your ideological worldview, since you offer no actual facts and misunderstand basic terms and even a cursory understanding of economics, otherwise your life falls apart.

But consider that even the world's most acclaimed conservative economist - Milton Friedman - disagrees with your bizarre and laughable theories.

As a result of examining more closely the key years between 1929 and 1933, Friedman and Schwartz first concluded that the Great Depression was not the necessary and direct result of the stock-market crash of October 1929, which they attribute to a speculative investment bubble. (The popping of the “bubble” may have been instigated by the Federal Reserve’s raising of the discount rate—the interest rate the Fed charges on loans to commercial banks—in August 1929. The cause of the speculative bubble that led to the crash is a somewhat controversial topic. Whereas Friedman and Schwartz accepted that the bubble was caused by investors, seemingly endorsing—at least partly—the Keynesian “animal spirits” explanation, Austrian economists have argued otherwise.) In fact, they believed that the economy could have recovered rather rapidly if only the Fed—the central bank of the United States —had not engaged in a series of disastrous policies in the aftermath of the crash.

The Great Depression According to Milton Friedman | The Freeman | Ideas On Liberty

So you run off back to your intellectual masturbation with your John Birch Society readings and have at 'er. I wouldn't want your head to explode.

ROFLMNAO...

SO you contest my argument; that the Fed and US Federal Policy (disasterous policy inacted by the Democrat controlled Congress and signed by then President Hoover & later FDR...) that the recession of 29 would have been but a blip on the economic radar and not turned into a global depression had Leftist policy not been implemented... and you seek to prove your argument by referencing Friedman and company who subscribe to my reasoing...

LOL... BRILLIANT!

 

[PubliusInfinitum]

Corporations make money while unemployment remains high.
.......

You worked it out! You know how it goes, a corporation lays off hundreds of workers and its stock price goes up! Amazing innit?

Yeah, it likes MAGIC!

Of course the purpose of a Corporation is to make profits... and NOT to provide jobs.

Leftists erroneously 'feel' that the purpose for a Corporation is to provide a job to anyone who 'needs' one.

LOL... but that's what makes them so precious!

 

[anna]

The messiah is a charlatan!!!! A fraud, a phony, and a phucking quack!!!! Are you proud now white liberal america???? The blacks had an excuse to be duped by hussein!! What the phuck was yours???

 

[PubliusInfinitum]

Capitalism ed - it has been saved.

Capitalism is the natural order of economics... it cannot be destroyed, thus attempts to 'save capitalism' are fool's errands.

In point of FACT, what was 'saved' were the corporate institutions which are propping up the House of Economic-cards built by the US Federal Reserve and the World Bank... The psuedo-capitalist institutions which deal out the Fascist Cards from the Progressive Deck; thus, what was "saved" was Fascism.

Remember friends... Progressives long ago came to understand that the cooperative nirvana was a human impossibility... that the only means to sustain the pie in the sky social contract which they falsely believe is the scientific answer to all human ills, is through the productive means of 'controlled capitalism'... thus they spent the world into bankruptcy to once again stave off the inevitable collapse of the aformentioned house of Socialist-cards.

Remember the Fascist formula... when times are good those institutions make money from the market, when times are bad those institutions GET money from the Government...

Thus the natural formula of risk/benefit-v-loss is out the window for those institutions; which ultimately proves their unsustainability; which proves that they should not exist and which proves that as long as they exist the market which they serve is doomed to failure.

But hey... to fix it all that has to happen is the entire economy built around them has to be scrapped and a new one developed from the ground up... its no biggy really.

Nature will work it all out as she always does... and of course the few surviving leftists will blame it all upon CAPITALISM... and its inherent flaws.

 

[PubliusInfinitum]

I think Toro lives in Florida.

It's a damn sight warmer than Sask. I thought they were taking the piss out of me when they told me why they have those little plug thingies on the front of their cars - frozen oil????

ROFL... Florida has just about as many Candians living here as does Canada...

Being a Cannukistani would explain Toros tendency to reject any thought which can't be expressed in 10 words or less... or a pretty colored picture; and the oxymoron found in the term "Canadian Capitalist" is HYSTERICAL!

 

[Toro]

Uh, no. You have an excuse for posting the same old garbage over and over again because you live in Canada, but you really should stop it because it just makes you look stupid.

Here's the way it is. In the United States, the market has done worse under the Democrats. That is a fact. The reason why you want to limit the data to 20-25 years is because there have been significant changes in the Democrat and Republican parties over the years and older data is simply not valid. It is obvious by your posts that you want the Democrats to look better than the Republicans when it comes to the economy, but the data doesn't show that.

Again, I can understand your position because you live in a country that approves of such things as Keynesian economics and Nationalized everything and you sincerely want to believe that Canada has it 'right', but you are simply wrong. And before you use the excuse again that I am some kind of Bush-loving Republican, note yet again that I am neither. Your ways are those of the idealogue. You have become what you hate the most.

This is one of the dumbest posts I have seen in a while from a poster not named "PubliusInfinitum." It demonstrates, yet again, that people should not listen to ideologues because ideologues will continue to believe whatever they want to believe regardless of the facts. They will twist whatever data they see to fit their worldview because they can't bare to face the facts that their cherished beliefs just might be wrong.

Stocks have done better under Democrat Presidents than Republican Presidents, and under Democrat Congresses than under Republican Congresses. Stick your head up your ass as far as you want, but that doesn't change the facts. I'll take my data from a reputable firm such as Ned Davis Research than an ideologue with a political axe to grind.

I couldn't give a damn about Republicans or Democrats. If it comes across that I support the Democrats more than the Republicans that is only because Republicans here post more stupid shit than Democrats, like this post above.

And I don't hate anybody.

 

[Toro]

Capitalism is the natural order of economics... it cannot be destroyed, thus attempts to 'save capitalism' are fool's errands.

When you understand simple concepts such as "production" and "consumption" we might listen to you opine about economics. Otherwise, there is no point.

 

[DavidS]

so it got back what it lost yesterday

Actually, it's getting back what it lost under Bush.