Politically who gets credit for the stock market run up today? scince 08?

[bobcollum]

I'll start giving credit when the country is back on the tracks after being derailed over the last 60 or so years.

Problem is there isn't a chance of adequate representation in the foreseeable future...unless you're a corporation in need of a bailout.

 

[Douger]

BRIC does.

 

[Ernie S.]

The dow goes up every time a poll comes out that shows obama loosing to any Republical

 

[JRK]

Obama’s America: Unemployment At 14.9%! « Swimming Against The Current

This link is totally dishonest. It talks about how we should use U6 as our standard number and then compares Obama's U6 to Bush's U3.

Dude this is about Obama, people out of work, not GWB
The link is being used to support U6 numbers
chill out, you supporting Obama is fine, but it is what it is and it is a fucking mess

We have spent trillions more than we have for 2% GDP and millions out of work, exactly what this thread is about

 

[NYcarbineer]

If you think you can blame Obama for the bad and not let him get credit for the good you're a mental retard.

 

[uscitizen]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

Hopefully none.
No politician should ever take credit or be given credit for something they had nothing to do with.

tell that to the right wingers who gave Bush credit for the economy before it all fell apart.
Then they blamed it on the dems.

 

[uscitizen]

Obama’s America: Unemployment At 14.9%! « Swimming Against The Current

This link is totally dishonest. It talks about how we should use U6 as our standard number and then compares Obama's U6 to Bush's U3.

Dude this is about Obama, people out of work, not GWB
The link is being used to support U6 numbers
chill out, you supporting Obama is fine, but it is what it is and it is a fucking mess

We have spent trillions more than we have for 2% GDP and millions out of work, exactly what this thread is about

bush spent trillions and had a -GDP on his exit.

 

[DontBeStupid]

Obama’s America: Unemployment At 14.9%! « Swimming Against The Current

This link is totally dishonest. It talks about how we should use U6 as our standard number and then compares Obama's U6 to Bush's U3.

Dude this is about Obama, people out of work, not GWB
The link is being used to support U6 numbers
chill out, you supporting Obama is fine, but it is what it is and it is a fucking mess

We have spent trillions more than we have for 2% GDP and millions out of work, exactly what this thread is about

You should re-read what I wrote. This time slowly, and with your eyes open.

 

[snakedoc]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

No one person or event drives the market that said Presidents always get the credit when it soars and the blame when it plunges.

 

[BreezeWood]

The Great 07-09 Republican Recession was curtailed by the present Administration in June of 09 and GDP has been positive for each quarter since that time ... not to mention having prevented another turn of the century Great Depression.

Obama may not be given credit by a majority of Americans (Rs) but credit is due where credit is deserved.

 

[Avatar4321]

The stock market does not equal the economy.

 

[uscitizen]

This link is totally dishonest. It talks about how we should use U6 as our standard number and then compares Obama's U6 to Bush's U3.

Dude this is about Obama, people out of work, not GWB
The link is being used to support U6 numbers
chill out, you supporting Obama is fine, but it is what it is and it is a fucking mess

We have spent trillions more than we have for 2% GDP and millions out of work, exactly what this thread is about

You should re-read what I wrote. This time slowly, and with your eyes open.

Read? he can only listen or watch.
Reading requires too much thought.

 

[American Horse]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

The Fed and its zero interest rates, and the promise they'll continue into 2014. The only place left for a return on cash is the market and Bernanke's promise makes it at least seem less risky. Investors are making money in the market.

 

[thereisnospoon]

When the GOP can no longer say the economy isn't improving, they are going to shift and say the reason its getting better is because of all the GOP governors like Christie, Snyder, the Ohio and Minnesota Governor and the Florida GOP governor. All the tax breaks they gave to the corporations. They will say they are responsible for the recovery but we can prove that is a lie. Those tax breaks have not created more jobs. Only more profits for the corporations and further bankrupting our government.

And they will say its because of the Paul Ryan Tea Bagger House spending cuts. Those cuts actually hurt the recovery but they will say they helped.

Same old tired playbook.

The federal government with it's insatiable desire to spend money it does not have, bankrupted itself.
Whether you realize or not, politicians have every opportunity to NOT spend unwisely.
Washington chooses otherwise.
The answer is not more confiscation.

 

[uscitizen]

The stock market does not equal the economy.

Many have equated it to the economy in recent decades.
I however agree with you.

It does impact GDP a Bunch.

Of course the GDP is not a true indicator of the economy either.

 

[DontBeStupid]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

The Fed and its zero interest rates, and the promise they'll continue into 2014. The only place left for a return on cash is the market and Bernanke's promise makes it at least seem less risky. Investors are making money in the market.

So ... companies making record profits has nothing to do with it?

 

[uscitizen]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

The Fed and its zero interest rates, and the promise they'll continue into 2014. The only place left for a return on cash is the market and Bernanke's promise makes it at least seem less risky. Investors are making money in the market.

So ... companies making record profits has nothing to do with it?

But that can't be! they are all leaving cause of Obama's regulations.

 

[thereisnospoon]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

Hopefully none.
No politician should ever take credit or be given credit for something they had nothing to do with.

tell that to the right wingers who gave Bush credit for the economy before it all fell apart.
Then they blamed it on the dems.

I will not entertain partisan arguments here. My post stands on it's own.
The issue here is what has the federal government as a whole done to or for the economy in the last 5 years.
Current economic policy is smothering growth. We see that in the snail like pace of GDP. Less than 2% annualized growth is predicted for the next few years.
That is based on productivity projections.
Political concerns may change in the next election. I believe a significant change in the makeup of Congress is needed to boost the economy.
Our current admin is stifling economic growth.
The fact that the DJIA , NAZ and S&P 500 have risen and the economy is still is neutral is an indicator of this. Companies are not hiring, there is a large tax increase on business expected and Obama care is about to kick in. Even now 20 months before Obama care kicks in, companies are shedding employees and backing off on health insurance policies. Some firms are suspending pension funds or cancelling them entirely. Bank of America for example just cancelled their pensions altogether.
New car sales are up, but most of the sales are in China where car purchases are booming.
I can tell you this, it has been a long time since I saw anyone in my neighborhood roll past my house in a new car.
Where as the stock markets used to be an indicator of overall economic conditions in the country, today that is no longer the case.

 

[thereisnospoon]

Tarp?
not volt tarp, we know how that turned out
Apple had had much to do with the Nasdaq, Obama gets credit for that?
The jobs report on Friday did little, stress test today did much for JPM

Whats every-ones opinion?

No one person or event drives the market that said Presidents always get the credit when it soars and the blame when it plunges.

Correct

 

[Chris]

The stock market has doubled since the stimulus.
3.9 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Americans net worth is up $9 trillion dollars since 2009.
Auto sales are up. Retail sales are up. Home sales are up. Unemployment is down.
GM was saved, and is now the number one automaker in the world.
Obama has done a very good job.