Freepers Praise bush on Stock market gain..My Response

[rsmith6621]

Got to keep these guys straight........


my response....
Its not about whether it came up or not that is my issue but I hardly consider it a great milestone for bush to be able to use it for his gain....BTW the market closed on Jan 18th, 2001 2 days before bush took office at 10700. the day that Clinton took office in 1993 the market closed at its lowest at 3241 so if my math is right that means that the Dow Jones grew 7481 points under Clinton so to be fair it only has once again grown about 270 points under bush.....sorry no victory in this department for bush...BTW do you know what STOCK started the spiral of the market back down below 10000....ole friend of the BUSHES.....Ken Lay and ENRON.....

Sorry no pat on the back for lil george.....

[GCP]

1. For George to match Clinton's 8 years, the Dow will have to be at 35310

when the Kerry/Obama ticket takes over the White House.

[LeahD]

15. YES to Kerry/Obama! n/t

[stepnw1f]

2. kick (nt)

[swag]

3. Here's some more ammo

http://www.theunknownideal.com/2006/09/some_notes_about...

[ContraCommando]

4. good response

Also, the median wage has fallen about 5%, while corp. profits and ceo pay are up, among many other things.

[Renew Deal]

5. The market is gaining because investors expect a Democratic victory

Investors expect the Dems to take over and get the debt under control. That's why the market is increasing.

[rsmith6621]

6. And the Clinton Crap Starts...

Sayn Clinton allowed the cooking of books.........My response...What about personal responsibility???

[johnaries]

7. The GDP is down. 50% chance of recession. (Marketplace)

JOHN DIMSDALE: The third quarter saw the biggest decline in new home investment in 15 and a half years. That, plus slower growth in GDP, is enough to cause some economists, including Robert Scott at the Economic Policy Institute, to predict a 50-50 chance of recession.
ROBERT SCOTT: This is going to reduce consumer wealth and put a limit on their ability to borrow on home equity. We had negative savings again last quarter, so consumers are actually spending more than they're taking in. That can't continue forever if they're unable to take out new loans.

Even though consumer income and spending were strong, there are real signs of worry in those numbers.

http://marketplace.publicradio.org/shows/2006/10/27/PM2...

[Democrats_win]

8. The money Enron stole could have been put to good use. Opportunity costs!

[eppur_se_muova]

9. And check out this analysis of the "booming" stock market from Slate ...

http://www.democraticunderground.com/discuss/duboard.ph...

[DuaneBidoux]

10. Stocks still did much better under Clinton than Bush

on a percentage basis MUCH better. Not only that, everyone did better then because everyone did better.

[NMMNG]

11. Are you confusing the Freepers with facts again?

[w4rma]

12. Of course the stock market will gain when the dollar is being devalued.

Foreign investors are buying up stocks (traded in dollars) at a discount.

[lostnotforgotten]

13. Stock Market - This Ain't No Stock Market

[barb162]

14. Yep, we're basically back to where we were 5 yrs. ago

And the analysts talk like this is a big victory.

[lostnotforgotten]

18. Read The Small Print - That's SEVEN Years!

eom

[NoAmericanTaliban]

16. Freepers are celebrating the fact that the tax rate for is now 15%

for investment rates. All those suckers working for a living are still around 30% or higher. As ol Leona Helmsly once said - 'only the little people pay taxes'

[the other one]

17. Um, post-911 dow was 7600

so any smart freeper (oxymoron) should be able to make a case for a 4400 hundred point rise under Bush.