Dow gains 120 points, Republicans blame Obama

[Toro]

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.

 

[elvis]

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.

Yeah, but that backstopping started under Bush.

 

[Toro]

Pubes is up to his old tricks.

I didn't read it since it was longer than a paragraph. I assume it is some sort of rationalization away why leftism never works or something nonsensical like that.

 

[Toro]

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.

Yeah, but that backstopping started under Bush.

Absolutely correct. The Bush administration deserves credit, at least in terms of stopping a collapse.

The question now is what are going to be the after-effects of all this intervention, which will probably be massive.

 

[PubliusInfinitum]

So Obama's (and Bush's) actions to save the economy have prevented a melt-down, which means that cheap stocks will become less cheap and do better under Obama than Bush.

Huh... Golly... the market lost >50% of it's value... the non-idiots would define that as a melt-down; thus the leftist policy did not prevent a melt-down... they have however seriously delayed and prolonged the recovery... so ya have THAT goin' for ya.

The point of all this, however, is for Republicans not to beat Democrats over the head when discussing the market because they will look foolish in the future.

Yes kids... you'll look foolish for crying about Leftist policy because you'd never be able to enjoy the kinds of gains that a good old fashion market crash can produce.

Sadly, most people who wanted to retire on their 2007 portfolios are still working; their nest eggs crippled by the Leftist policy which is 100% responsible for that CRASH. So that's going to be a tough sell to those folks... but hey... they're old and they'll be dead in a generation, so who gives a rats ass about them and their problems? (Except the reps and senators presently getting their asses handed to them by those same folks... )

What Republicans should say for posts like the OP is that the market is going up because stocks were cheap, and yes, the policies are helping now but will create problems for the market and the economy in the future.

The Market is realizing gains DESPITE the Leftist policy in play... NOT as a result of it. Understand that the Market is reacting to the SLIGHTEST signs that shit is just not getting worse at the same vertical rate that it has for the year...

But it is wonderful to see these tools celebrating a 9000 pt market, when one wouldn't have to spend MUCH time to find the SAME idiots CRYING that the sky was falling when the Market was climbing past 13000...

Funny stuff...

 

[JakeStarkey]

he is in line right now....

No, I pay for my own healthcare and Gunny's.

Gunny bought his healthcare ahead of time you stupid fuck. Get Old Rocks' dick out of your ass and stop insulting people just because you're too much of a shitstain to buy your own health insurance.

I have the best insurance in the word and two plans at that! And I don't pay a cent. I want everyone to have that quality as well. Yes, the poor are as worthy to have good medical care as you. Don't agree? No one of worth agrees with you.

 

[elvis]

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.

Yeah, but that backstopping started under Bush.

Absolutely correct. The Bush administration deserves credit, at least in terms of stopping a collapse.

The question now is what are going to be the after-effects of all this intervention, which will probably be massive.

what about Keynesian economics, mutlipliers, etc?

 

[elvis]

No, I pay for my own healthcare and Gunny's.

Gunny bought his healthcare ahead of time you stupid fuck. Get Old Rocks' dick out of your ass and stop insulting people just because you're too much of a shitstain to buy your own health insurance.

I have the best insurance in the word and two plans at that! And I don't pay a cent. I want everyone to have that quality as well. Yes, the poor are as worthy to have good medical care as you. Don't agree? No one of worth agrees with you.

Lighten up, Ringo.

 

[AllieBaba]

Unfortunately, if you use the government to assure that the poor have health care as well, theirs won't improve...yours will worsen.

 

[PubliusInfinitum]

Pubes is up to his old tricks.

I didn't read it since it was longer than a paragraph. I assume it is some sort of rationalization away why leftism never works or something nonsensical like that.

Which explains why Toro is so prone to lie through Pictures...

The truth is that Toro did read it... she simply learned that she lacks the intellectual means to respond with any hope of not looking like a complete dousche-bag on the other side... so she prefers to maintain her semi-dousche argue-by-numbers persona; and that's not an entirely bad thing; at least she's learnin'...

 

[Toro]

what about Keynesian economics, mutlipliers, etc?

The stimulus will have some effect, but I'm more concerned about the Fed. It has been the Fed and the guarantees of the financial system that has mattered, not so much the stimulus.

But the Fed has injected massive amounts of liquidity into the financial system and is unlikely to withdraw it anytime soon. That makes me worry that we are trying to reflate the asset markets - stocks, bonds, housing, etc. - to save the economy. I think this could end disastrously if the Fed leaves it too late before withdrawing reserves from the system.

 

[DiveCon]

is that really the bar now?

Pretty much.

based on what?

Well, not too too much on the current administration.

The main reason why the market will outperform under Obama than under Bush is because stocks were expensive when Bush took over and were cheap when Obama took over. So Obama's (and Bush's) actions to save the economy have prevented a melt-down, which means that cheap stocks will become less cheap and do better under Obama than Bush.

The point of all this, however, is for Republicans not to beat Democrats over the head when discussing the market because they will look foolish in the future. What Republicans should say for posts like the OP is that the market is going up because stocks were cheap, and yes, the policies are helping now but will create problems for the market and the economy in the future.

isnt that setting the bar very low?

 

[Toro]

Pubes is up to his old tricks.

I didn't read it since it was longer than a paragraph. I assume it is some sort of rationalization away why leftism never works or something nonsensical like that.

Which explains why Toro is so prone to lie through Pictures...

The truth is that Toro did read it... she simply learned that she lacks the intellectual means to respond with any hope of not looking like a complete dousche-bag on the other side... so she prefers to maintain her semi-dousche argue-by-numbers persona; and that's not an entirely bad thing; at least she's learnin'...

I love guys like you. I pick guys like you off all day and make a pretty good living doing so. Rigidly strident and unable to think outside of a box. Thank God the PI's of the world exist.

One of Warren Buffett's sayings perfectly describes PI - "There's a fool in every market. And if you don't know who the fool is, you [PI] are it."

 

[Toro]

isnt that setting the bar very low?

The bar is set very low. The market set it there.

 

[PubliusInfinitum]

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.

The ONLY thing that has determined that we didn't have a depression is that those who set the titles for such, aren't inclined to lable what we ARE IN as "A Depression."

The Equity Market lost over 50% of it's value; the Real Estate Market is STILL FALLING LIKE A STONE and unemploment is being under-reported by the same people who opt to ignore the Depression label; by any objective standard actual US unemployment is easily 15-20% and is well over that in the areas of the nation goverened by Leftists...

Had the Federal Government stayed out of the way, the economy would have recovered LONG ago as nearly always the case.

The recession of '22 was worse than the 29 recession by every objective measure and it came and went inside 18 months... Sadly, like the 29 recession, this one was acted upon by the Fed and enormous Leftist policy and we'll still be ass deep in it, if not in WORSE shape in 10 years...

An Economy can survive Leftist policy, but an economy cannot thrive under Leftist policy...

 

[xsited1]

so it got back what it lost yesterday

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

The market will significantly outperform under Obama than it did under Bush.

http://www.usmessageboard.com/economy/64052-stock-market-performance-by-president.html

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

 

[elvis]

I didn't read it since it was longer than a paragraph. I assume it is some sort of rationalization away why leftism never works or something nonsensical like that.

Which explains why Toro is so prone to lie through Pictures...

The truth is that Toro did read it... she simply learned that she lacks the intellectual means to respond with any hope of not looking like a complete dousche-bag on the other side... so she prefers to maintain her semi-dousche argue-by-numbers persona; and that's not an entirely bad thing; at least she's learnin'...

I love guys like you. I pick guys like you off all day and make a pretty good living doing so. Rigidly strident and unable to think outside of a box. Thank God the PI's of the world exist.

One of Warren Buffett's sayings perfectly describes PI - "There's a fool in every market. And if you don't know who the fool is, you [PI] are it."

Ouch. That's gotta sting.

 

[PubliusInfinitum]

I didn't read it since it was longer than a paragraph. I assume it is some sort of rationalization away why leftism never works or something nonsensical like that.

Which explains why Toro is so prone to lie through Pictures...

The truth is that Toro did read it... she simply learned that she lacks the intellectual means to respond with any hope of not looking like a complete dousche-bag on the other side... so she prefers to maintain her semi-dousche argue-by-numbers persona; and that's not an entirely bad thing; at least she's learnin'...

I love guys like you. I pick guys like you off all day and make a pretty good living doing so. Rigidly strident and unable to think outside of a box. Thank God the PI's of the world exist.

One of Warren Buffett's sayings perfectly describes PI - "There's a fool in every market. And if you don't know who the fool is, you [PI] are it."

ROFLMNAO.. I told ya he reads 'em...

LOL...

Putz...

Kids... Toro here is probably some series 7 clown workin' the desk at some low rent equity house. And this should be a lesson to ALL of you who have ever even THOUGHT about walking through the door of such a den of theives...

This is the level of 'expertise' you're going to find workin' the desk...

First CLUE: when an equity trader mentions some level of satisfaction that the US Federal government is printing worthless money to 'buy' private companies... RUN! Do NOT WALK to the nearest exit; as he ain't the person you need directing you towards sound financial investments.

 

[DiveCon]

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

The market will significantly outperform under Obama than it did under Bush.

http://www.usmessageboard.com/economy/64052-stock-market-performance-by-president.html

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

yup that is a much better graphic
more honest

 

[Toro]

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