Stock Market Up 41% Under Obama

That's what they said about the first Bush when Clinton fixed the economy. Give it up- you're only fooling yourself and the idiots who who can't face it that the Republican's economic policies don't work.

Empirical economics is very, very clear about what government spending should do in recessions, DEFICIT SPEND. If you don't do that in a serious recession, things will just get worse. What hurts is if you don't spend enough to make a big impact, if you spend on the wrong things, like tax cuts (particularly on the rich), which have a limited stimulative effect and only a short term effect, or if you do not take care of longer term, structural problems in the economy. If you spend a lot when we are not in a recession, as Bush did, doubling our national debt, then we are in a much worse position when the recession comes. Fortunately, our debt level is not that significant yet, as evidenced by interest rates, which are historically low. Obama, the Fed, and Geithner have done much of what it took to get us in this period of growth, though they were not daring enough at the beginning to give us a roaring economy. As for the long term debt, there is no doubt that he will come up with a major plan for cutting the debt, as he was the one that appointed that conservative bipartisan commission.

Hello people of the internet.

My name is CDUBBBBBBB and I have come here to give you my insight. Firstly, I believe that Obama is actually a Muslim. A Muslim robot. The fact that he wears flip flops in public is a slap in the face of America and all that it stands for. I mean, WTF?! Who does that?

I don't care who the "stock market" is, the fact is that he is a flithly muslim robot that wears flip flops IN THE WINTER. Come on guys. THINK FOR ONCE.

With love,

CDUBBBBBBBBBBBBBBBBBBB

:)

agip wrote:

Bears see debt as the only important thing in an economy - obviously it is a problem. But is it enough to sink the gigantic, monstrous economy of the US?

The only thing that's gigantic about the US economy is its debt. Our entire economy is based on debt. Out productive capacity is not gigantic. All we do is consume goods produced elsewhere with borrowed money that we can never repay. The collapse of the economy in 2007-2008 was the laws of economics telling us to change our ways, to stop consuming and to rebuild a viable economy based on production and saving rather than consumption and debt. But Washington predictably refused to allow the depression that we DESPERATELY NEEDED, and instead opened the floodgates of spending, plunging us so far in debt that it would now be impossible to even pay the interest on our debt if interest rates were not being held artifically low by Bernanke's inflation. The US can never repay its creditors now. Only one of two things can happen: 1) we can default honestly, causing a far worse depression than the one we should have had in 2008, or 2) the Fed will hyperinflate the economy to paper over US debt, causing untold havoc and a total breakdown of society.

jjjjjjj wrote:

Fortunately, our debt level is not that significant yet, as evidenced by interest rates, which are historically low.

This statement reveals the enormous chasm that separates liberals from reality. The author appraises the significance of our debt not by considering our ability to repay what we owe, but by the government's readiness to continue borrowing. He is going to be in for a very rude suprise sometime within the next few years when interest rates skyrocket and the US economy is brough to a screeching halt under the weight of its debt.

The New UncleB wrote:

B I G G U Y wrote:

the dollar has been devalued around 40%, so there is you "up" stock market.

.

Actually, the value of the US dollar to the Euro is identical to what it was when Obama became president.

You can look these things up, you know

The value of the Euro and every other world currency has gone down you retard.

God you people are so retarded, I often wonder if there is any help at all for you.

You'd do better as fertilizer, or a natural gas composting somewhere far from humanity.

TWO PAIR! wrote:

The value of the Euro and every other world currency has gone down you retard.

God you people are so retarded, I often wonder if there is any help at all for you.

You'd do better as fertilizer, or a natural gas composting somewhere far from humanity.

If two people jump off of a building, and one is falling at 40 miles an hour and the other is falling at 30, the one that’s falling at 30 isn’t flying. He’s still going to hit the pavement.

But that won't mean anything to people like UncleB, who have a socially oriented view of reality. They think that if everyone makes the same mistake, then no mistake is really made at all.

The value of the Euro and every other world currency has gone down you retard (quote)

Really?

Every other world currency has gone down? - compared to what?

The Yuan for instance?

The bulk of my savings are in gold coin, but I have an ‘emergency’ sum in certain countries currencies, which I consider a safe bet and I can assure you - haven’t gone down, compared to the Euro and dollar.

The weakness of the EURO has been obvious for years and we have been expecting its demise for a long time.

It’s now only propped up because Germany is keeping it alive for political expediency and now, for economic reasons, China has started investing, reviving the dying corpse as it were.

The US socially and economically is a total paradox.

By far the world’s biggest debtor nation, on one hand you have 43 million on food stamps, states and cities bankrupt, laying off essential workers - I read the most violent city in the US, whose name escapes me, - is laying off half its police force.

On the other hand, the US military have over 500 bases in foreign soil (compared to the Chinese zero) and can waste hundreds of billions of dollars, totally unaccountable, in such countries as Iraq and Afghanistan.

And, for instance, other examples like having destroyed Baghdad, quite relaxed with spending huge sums to rebuild it - but letting American cities go to rack and ruin.

Incidentally, I can see how such incidents as Tucson occur with the US full of individuals with your level of ‘hate and vitriol.’

mez wrote:

I would also add that "peacetime" administrations are rarely enganged in multiple wars simultaneously.

.

Such obvious common sense, certain to be missed by Obama fans

Rational Economics wrote:

[quote]The New UncleB wrote:

Actually, the value of the US dollar to the Euro is identical to what it was when Obama became president.

This is true only because the Euro has been weak, not because the USD has been strong. A more useful measure of the dollar's value is to look at the prices of commodities, which have skyrocketed since Obama took office.

if the price of commodities have skyrocketed - and I dunno if this is true or not -- then why has the CPI been flat for three straight years?

I guess you must support the statement "the dollar has been devalued around 40%, so there is you "up" stock market.". How so? Where does the 40% from?

PS You are awful emotional for Mr. Rational

Using the idiotic original poster's perspective...

Unemployment is UP about 20% since Obama took office. Good job, douchebag!

Also, anyone making comments about sitting presidents vs respective economic growth has obviously never taken an economics class. (Or a political science class. Or any class involving logic, critical thinking, basic problem solving, etc.) Just absolute complete idiots.

FOUR MORE YEARS!

FOUR MORE YEARS!

yea, and gas is 3.3x a gallon and rising. cant blame that on bush anymore.

Yet the employed rate is down only about 2%. Douchenozzle

Unemployment is UP about 20% since Obama took office. Good job, douchebag!

The New UncleB wrote:

if the price of commodities have skyrocketed - and I dunno if this is true or not -- then why has the CPI been flat for three straight years?

Because CPI is engineered to milead public.

The New UncleB wrote:

I guess you must support the statement "the dollar has been devalued around 40%, so there is you "up" stock market.". How so? Where does the 40% from?

PS You are awful emotional for Mr. Rational

I don't know about the %40 statement or where that figure comes from.

I agree that unemployment is too high, but keep in mind that we were losing 600,000 jobs a month during the end of Bush's presidency. Now we are actually starting to gain jobs.

I guess I just started this whole thread questioning all of the haters on the right. Despite the market being up over 40%, the right wingers will still find reasons to hate.

///M wrote:

I agree that unemployment is too high, but keep in mind that we were losing 600,000 jobs a month during the end of Bush's presidency. Now we are actually starting to gain jobs.

We're gaining the WRONG jobs. It's not good enough just to add jobs to the economy if those jobs don't produce what the country needs. Right now, we desperately need GOODS-PRODUCING jobs, but the jobs that are being added are mostly unproductive service sector jobs (healthcare, retail, education, government, etc.). We don't need any more K-12 teachers; in fact we desperately need to shed thousands of them. We don't need any more retail workers selling imported crap from China. We need people in factories making things that we can export to China so we can reverse our trade deficit. We need people drilling for oil so we can stop importing it from abroad. Politicians hammer away at the phrase "create jobs" because it is a political buzzword that resonates with voters, but all they have done is added jobs that never should have existed in the first place, to the great detriment of the people who took those jobs. Despite the illusion of job creation over the last two years, the job situation has gotten worse, not better.