budw38
04-13-2010, 08:04 AM
Just wait until he unfairly has to take the heat for the double-dip recession that's coming in the next 12-18 months thanks to a second wave of bad mortgages and lending practices.
That will be the thing that forces him out of office, when the country (and the GOP) blames his policies for a double dip recession (assuming the GOP doesn't nominate Palin, Obama could defeat Palin in a 1934 economy).
It is not Obama's fault we have the problems that were in place when he got elected , but the Clinton Admin. policies < his cabinent members ran , Fannie/ Aig / Citigroup / GS. ect. caused < in part > the problems ... » Robert Rubin: The Nexus Of Big Government and Wall Street - Big Government (http://biggovernment.com/cgasparino/2009/11/11/robert-rubin-the-nexus-of-big-government-and-wall-street/). The Glass-steagall Act’s Loss is the Community Reinvestment Act’s Gain (http://www.articlesbase.com/real-estate-articles/the-glasssteagall-acts-loss-is-the-community-reinvestment-acts-gain-731738.html) . Financial Crisis: The Blame Continues, with No End in Sight - FOXBusiness.com (http://www.foxbusiness.com/story/markets/industries/finance/financial-crisis-blame-continues-end-sight/)
dmek25
04-13-2010, 08:14 AM
thank god for Fox. if they weren't around, who would we have to blame all ill will on the Dem's?
dmek25
04-13-2010, 08:21 AM
http://i38.tinypic.com/ilg4le.png
you have to start somewhere
Schneed10
04-13-2010, 08:25 AM
http://i38.tinypic.com/ilg4le.png
you have to start somewhere
That's nice, but the performance of the stock market has ZERO to do with the administration in place.
Schneed10
04-13-2010, 08:29 AM
It is not Obama's fault we have the problems that were in place when he got elected , but the Clinton Admin. policies < his cabinent members ran , Fannie/ Aig / Citigroup / GS. ect. caused < in part > the problems ... » Robert Rubin: The Nexus Of Big Government and Wall Street - Big Government (http://biggovernment.com/cgasparino/2009/11/11/robert-rubin-the-nexus-of-big-government-and-wall-street/). The Glass-steagall Act’s Loss is the Community Reinvestment Act’s Gain (http://www.articlesbase.com/real-estate-articles/the-glasssteagall-acts-loss-is-the-community-reinvestment-acts-gain-731738.html) . Financial Crisis: The Blame Continues, with No End in Sight - FOXBusiness.com (http://www.foxbusiness.com/story/markets/industries/finance/financial-crisis-blame-continues-end-sight/)
Agreed, we had years and years of various factors leading up to this.
I blame the lack of savings and growing consumerism amongst the general populace, more than anything. In the 90s and 00s, Americans just decided they didn't need to save money anymore.
dmek25
04-13-2010, 08:31 AM
i agree. jobs being created are the biggest driver of an economy. that's almost like people blaming Bush for the high gas prices. almost as ridiculous
budw38
04-13-2010, 08:36 AM
Agreed, we had years and years of various factors leading up to this.
I blame the lack of savings and growing consumerism amongst the general populace, more than anything. In the 90s and 00s, Americans just decided they didn't need to save money anymore. Agree with the lack of saving's / use of credit cards , ect. Also , Goldman Sacks , Washington Mutual selling assets , then driving up the " value " , only to short them ... some of these bums should be in jail .
firstdown
04-13-2010, 10:33 AM
That's nice, but the performance of the stock market has ZERO to do with the administration in place.
Sneed your better the that. The stock market goes up and down all the time based of goverment policies. Thats also a nice graph but I notice they left off 7 yrs of Bush's time in office and why does it cut off 6 months of Obama's.
firstdown
04-13-2010, 10:36 AM
This is the best comment from the article.
"Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can't spend its way to prosperity."
Schneed10
04-13-2010, 10:51 AM
Sneed your better the that. The stock market goes up and down all the time based of goverment policies. Thats also a nice graph but I notice they left off 7 yrs of Bush's time in office and why does it cut off 6 months of Obama's.
The stock market is irrational and reactionary on a day-to-day basis. But over the course of multiple years, no government policy can have any kind of prevailing effect. The data shows what the data shows my friend.
As for your note on the selective sampling used in those graphs you're right, any time you're looking at a 1-2 year period of stock market returns, you're not getting a large enough sample to conclude anything meaningful.