Market hits 24,000

Discussion in 'Political Satire' started by JGalt, Nov 30, 2017.

  1. JGalt
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    JGalt Platinum Member

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    Thanks Obama!

    :rofl::laugh::lmao::biggrin::funnyface::fu:
     
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  2. Pogo
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    Pogo Diamond Member

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    I don't get it.

    [​IMG]

    Where's the joke?
     
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  3. JGalt
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    JGalt Platinum Member

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    You don't get it because you don't understand anything about basic economics, and how Obama's Federal Reserve dealt with the declining market. 2009 was immediately after the FED began printing money like crazy, roughly $85 billion dollars per month which eventually added up to trillions and went on for 6 years. That money was being used to buy up debt and to artificially shore up a failing market. The Federal Reserve's balance sheet rose from $850 billion before the crisis to over $4 trillion.When OBama left office, the FED owned 30% of all outstanding US government securities and 40% of all mortgage-backed securities. However economic growth, employment, housing, and personal income remained stagnant throughout Obama's administration. QE was like putting lipstick on a pig, and did very little to help the economy, besides benefiting Wall Street. It should also be noted that Obama's QE was the single largest shift ever in wealth, from middle class savers to rich Wall Street investors. That it took place under a Democratic president who came into office championing wealth redistribution in the other direction, is yet one more stain on the legacy of that cocksucker.

    Donald Trump's gains however, have real growth to back up the market numbers.
     
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  4. Pogo
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    Pogo Diamond Member

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    :lol: I'm invested in the market Spunkles. I watch it regularly. And I see a slanted line going up in the same angle since 2009.

    I see though I should have invested in partisan hackery. If you believe you can pin this shit on Presidents I've got some nice seashore property in Hungary I can show you.
     
  5. Rocko
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    Rocko Gold Member

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    You don’t know dick about the market. I’m a former trader, and everyone who’s has been or is associated with the business of the stock market knows markets ran in spite of Hussein. The market came back from the lows because the TARP worked, numerous rounds of quanitative easing and low interest rates.
     
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  6. Rocko
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    Rocko Gold Member

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    Correlation causality
     
  7. Pogo
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    Pogo Diamond Member

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    The thread title? Yeah apparently. It's how partisan hackery works. If something good happens it was "my" guy in the WH or else it's "in spite of your guy" in the WH. Weasel words come cheap.

    Oh and I'm a trader too, also a brain surgeon, banker, Formula One driver, King of Chile and the inventor of the doughnut.
     
  8. PredFan
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    PredFan Platinum Member

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    Leftists hate capitalism so they don’t bother to understand it. It causes them to deny reality and make shit up.

    This economy is Donald Trump’s economy. It’s just a simple fact.
     
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  9. Rocko
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    Rocko Gold Member

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    Being a trader is not that impressive, numb-nuts. You should have seen the idiots I worked with. You said you didn’t understand the joke, so one can only conclude you feel Obama is responsible for this bull market. Ok, pogo, so what policies of Obama’s was the catalyst in the markets going higher? The regulations? The higher taxes? The stimulus, which did nothing but bail out the states?
     
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  10. Pogo
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    I didn't even make such a point. Nor would I.

    But yes I said I didn't get the joke, with all the OP's emoticons.

    Since he ran away can you essplain where the joke is?
     

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