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Market was 7000 when President Obama entered office. It's 12.2K as of Friday, 10/28/2011. That's called a "recovery".
Reality. It's good for ya.
How long do we have to listen to this drivel ?
The market dived and came back. It has done that several times after a major rupture.
It still isn't what it was at eight years ago and many are concerned it is getting ready to tank again.
The type of investor and the nature of investment in the market has changed dramatically in the last four years too.
They are almost unrelated anymore.
If we were in a recovery, President Obama would not be seeking his 2nd so called stimulus in the form of a jobs bill and housing prices would be recovering. As it is, many people are still underwater and jobs are still being lost.
I am not happy about it and I don't blame President Obama...it is a host of factors.
But this kind of spin is what we are going to have to endure for the next election cycle.
The level of disinformation will reach new heights.
I can hardly wait (for it to be over).
And whoever gets elected is going to have a real mess on their hands. I watched Robert Gibbs on C-Span the other day talking factually instead of spinning up the administration. He said, the American People...not President Obama...are going to have to decide what they want in the way of services and how much they are willing to pay for them. He also discussed how this economy is going to continue to evolve and how we are going to have to decide (as a people) how we are going to respond to those changes. It was refreshing.