Dow closes above 14,000 for first time since 2007

  • Posted by a hidden member.
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    Feb 01, 2013 9:12 PM GMT
    http://www.nbcnews.com/business/dow-closes-above-14-000-first-time-2007-1B8216322
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    Feb 01, 2013 9:16 PM GMT
    It's Obama's fault!
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    Feb 01, 2013 9:23 PM GMT
    q1w2e3 saidIt's Obama's fault!

    And Bush gets the credit for the recovery! Republicans hope you forget that the economic meltdown began in 2007, so they can blame it on Obama, who didn't even come into the White House until 2009. But hey, what are facts and being a couple of years off when you've got Right Wing talking points to peddle?
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    Feb 01, 2013 10:22 PM GMT
    Does this news mean everything's now wonderful?? Suddenly most people are employed, homes are restored to normal values, and there's no forclosures or excessive debt? This is only good for people on Wall St, the ones you love to hate.
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    Feb 01, 2013 10:40 PM GMT
    Blakes7 saidDoes this news mean everything's now wonderful?? Suddenly most people are employed, homes are restored to normal values, and there's no forclosures or excessive debt? This is only good for people on Wall St, the ones you love to hate.

    Interesting how the song goes the other way whenever there's less than good economic news during the Obama Administration. "The country is going to Hell in a handbasket!" "Head for the hills, the country is doomed!" Every slight downturn, however minor, is blasted all over these RJ threads as though the world was ending.

    But good economic news? Oh, disregard that, doesn't count. We Right Wingers only consider the bad news when a Democrat is in the White House, and ignore the bad news when a Republican resides there.

    They claim the Bush Administration was the greatest boon to the US economy ever, for example, which only began to tank 2 months after Democrats took partial control of Congress (which of course defies all known models of how quickly an economy can respond to policy changes, especially since each Congress works with the budget passed by the PREVIOUS Congress, in this case the Republicans).

    But the actual recession didn't actually occur, according to the Right, until a month after Obama took office, making him the cause. Disregard the frantic bailouts begun by Bush, disregard a stock market, financial sector and housing industry that collapsed fully 2 years earlier. Nothing suits a Republican so well as revisionist history. No wonder they underfund education, lest anyone be educated enough to catch them at their game.
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    Feb 01, 2013 10:58 PM GMT
    *sigh* Can't both parties please just stop playing the blame game? Blaming the previous guy or the current guy doesn't actually help anyone.
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    Feb 01, 2013 11:15 PM GMT
    IceBuckets said*sigh* Can't both parties please just stop playing the blame game? Blaming the previous guy or the current guy doesn't actually help anyone.

    Actually it does help. If the political party on whose watch economic disaster occurred, whose policies caused that disaster, wants to return to those discredited policies, then blame is very important, if we are to avoid a recurrence.

    The US economic meltdown didn't happen as an inexplicable Act of God, detached from political party ideologies. It was an Act of Republicans.

    "Those who cannot remember the past are condemned to repeat it" - George Santayana from Edmund Burke
  • conservativej...

    Posts: 2465

    Feb 01, 2013 11:19 PM GMT
    Blakes7 saidDoes this news mean everything's now wonderful?? Suddenly most people are employed, homes are restored to normal values, and there's no forclosures or excessive debt? This is only good for people on Wall St, the ones you love to hate.


    Unfortunately it does not mean everything is now wonderful. In fact, it may point to a bubble in the market rather than a new plateau in values.

    These are not settled times, but from what I see of several of the comments to the OP's post, not much has changed in mindset.
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    Feb 01, 2013 11:21 PM GMT
    conservativejock said
    These are not settled times, but from what I see of several of the comments to the OP's post, not much has changed in mindset.

    That comment cuts both ways. icon_wink.gif
  • conservativej...

    Posts: 2465

    Feb 01, 2013 11:24 PM GMT
    ART_DECO said
    conservativejock said
    These are not settled times, but from what I see of several of the comments to the OP's post, not much has changed in mindset.

    That comment cuts both ways. icon_wink.gif


    It sure does. But neither you nor I walk in each others shoes. As long as we realize that, the forums can be productive.
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    Feb 01, 2013 11:35 PM GMT
    ART_DECO said
    IceBuckets said*sigh* Can't both parties please just stop playing the blame game? Blaming the previous guy or the current guy doesn't actually help anyone.

    Actually it does help. If the political party on whose watch economic disaster occurred, whose policies caused that disaster, wants to return to those discredited policies, then blame is very important, if we are to avoid a recurrence.

    The US economic meltdown didn't happen as an inexplicable Act of God, detached from political party ideologies. It was an Act of Republicans.

    "Those who cannot remember the past are condemned to repeat it" - George Santayana from Edmund Burke

    I don't know. I'm no expert in this field but I think it's rather childish to be blaming other people. I'm not saying forget what caused (and I'll be honest, I don't know what did) but I'm saying focus more on doing the job you were elected to do rather then focus on your re-election campaign. We have all the time in the world to look back and figure out who to blame.

    Who is not as important as what [policies] to blame.
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    Feb 02, 2013 2:52 AM GMT
    Government cannot grant prosperity, it can only dampen or take from the prosperous. When someone is prosperous, it is in spite of government, not because of government. This changes only a little with different parties in power. I, myself, have never said things were great during a certain period of time simply because the DOW was near or at a new high. To anyone un or under employed, the DOW at a new height is meaningless.
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    Feb 02, 2013 5:27 AM GMT
    How now, fickle Dow?
  • rnch

    Posts: 11524

    Feb 02, 2013 6:29 AM GMT
    q1w2e3 saidIt's Obama's fault!





    icon_lol.gif
  • PIccadilly

    Posts: 240

    Feb 02, 2013 4:06 PM GMT
    southbeach1500 said
    Blakes7 saidGovernment cannot grant prosperity, it can only dampen or take from the prosperous. When someone is prosperous, it is in spite of government, not because of government. This changes only a little with different parties in power. I, myself, have never said things were great during a certain period of time simply because the DOW was near or at a new high. To anyone un or under employed, the DOW at a new height is meaningless.


    You are far too smart to be wasting your time posting here. Most here will have a very hard time understanding what you wrote (quoted above). They are of the "you didn't build that" mentality.


    It depends what your definition of prosperity is. If for you, prosperity is only recognize at the individual level, then no, the government can't grant that to individuals. But at the national/social level, the government absolutely can create prosperity by giving equal opportunities to people and build a strong middle class. That's where prosperity comes from to begin with.

    And that "you didn't build that" mentality is only in your mind. That quote was grossly misinterpreted by Fox News, Paul Ryan and Co. when what Obama obviously meant is that whatever you built, you had help building it. No one is arguing that anybody didn't build anything.
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    Feb 02, 2013 4:15 PM GMT
    IceBuckets said
    Who is not as important as what [policies] to blame.

    How can you separate the policies from the authors of those policies? Authors who wish to return to their old discredited ideology for a repeat of the same economic failures once again? Associating failed policies with their policy makers is vital to fixing the US economy, lest these same proven losers drag us down once again. That's simple logic.
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    Feb 02, 2013 4:16 PM GMT
    "Government cannot grant prosperity, it can only dampen or take from the prosperous."

    Probably the most spectacular piece of drivelous propaganda I have ever read.

    Should your partner lose his employment, and before you get all huffy, you told everyone on a topic where he works, he will then get benefits, which is an example of the gov't granting him prosperity, however temporary, until he gets on his feet, unless the offshoring of jobs makes that too difficult, in which case you have a bone to pick with Riddie, who makes money offshoring US jobs.

    I will grant you this though, you are apparently as intelligent as Southbeach and his amazing array of sock accounts.


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    Feb 02, 2013 4:42 PM GMT
    And where would the government get the money it gives out? From the PROSPEROUS. Only it uses tons of it to pay it's costs, so that very little gets back to the people. The question is, do we get our money's worth in services, or is government entirely too wasteful? I say the latter, by far. icon_exclaim.gif
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    Feb 02, 2013 5:02 PM GMT
    LOL! And how did the prosperous get prosperous. Right, out of thin air.

    ALL gov'ts waste some money on one thing or another, depending entirely on the self-interest or idealism of the observer.

    icon_rolleyes.gif

  • rnch

    Posts: 11524

    Feb 02, 2013 5:04 PM GMT
    meninlove said .... I will grant you this though, you are apparently as intelligent as Southbeach and his amazing array of sock accounts.



    I (and others here) have long suspected that this "person" is one of southbitch's many, many sock accounts.



    icon_idea.gif
  • PIccadilly

    Posts: 240

    Feb 02, 2013 5:10 PM GMT
    Blakes7 saidAnd where would the government get the money it gives out? From the PROSPEROUS. Only it uses tons of it to pay it's costs, so that very little gets back to the people. The question is, do we get our money's worth in services, or is government entirely too wasteful? I say the latter, by far. icon_exclaim.gif


    And where does the money that makes the prosperous come from? The middle class. We can play the chicken and egg game for a long time.

    You're right that the government does waste money. Now the question I ask is, should the government give up on what it does just because it's wasting money in the process? My obvious answer is No. At the very least, the debate should be about managing money, not about whether the government should exist or not.
  • GQjock

    Posts: 11649

    Feb 02, 2013 5:52 PM GMT
    The economy is without a doubt improving
    Is it improving fast enough to shut up the republicans? No
    Is the recent uptick in the stock market due to Obama? Can't say
    But he sure as hell is part of creating a climate that is indicive for the economy to come back

    One parting statement ... Can you IMAGINE if the stock market had Tanked instead of surged ?
    I wonder how many right wingnut posts would we see if that happened icon_rolleyes.gif
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    Feb 02, 2013 6:56 PM GMT
    rnch said
    meninlove said .... I will grant you this though, you are apparently as intelligent as Southbeach and his amazing array of sock accounts.



    I (and others here) have long suspected that this "person" is one of southbitch's many, many sock accounts.



    icon_idea.gif


    And I've long suspected that your brain has been fried through that bald head of yours. Do you ever have any thoughts besides agreeing with someone else with emoticons? Maybe this is because you are a sock account. Or, as said earlier, just fried.
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    Feb 02, 2013 7:08 PM GMT
    Blakes7 said
    rnch said
    meninlove said .... I will grant you this though, you are apparently as intelligent as Southbeach and his amazing array of sock accounts.

    I (and others here) have long suspected that this "person" is one of southbitch's many, many sock accounts.
    icon_idea.gif

    And I've long suspected that your brain has been fried through that bald head of yours. Do you ever have any thoughts besides agreeing with someone else with emoticons? Maybe this is because you are a sock account. Or, as said earlier, just fried.

    So, rnch's bald head makes his thoughts invalid? Is that what passes for debate among you right wingers in the RJ conservaposse?

    Well, hun, rnch and I email, and we speak on the phone. We haven't met in person yet, I'm looking forward to that day. And BTW, lots of guys here have met me and my partner in person, so don't try to play the sock game with ME, in case you were considering it.

    So who has met YOU? And can vouch for your own validity? You're not a verified member here (I've been one for years). How do we know that YOU'RE not a sock here? Before you start throwing the sock label around, sweetheart, first be sure you can stand the same scrutiny yourself. Just saying... icon_rolleyes.gif
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    Feb 02, 2013 7:39 PM GMT
    Hey Southbeach,
    Perhaps you should have addressed Art with your fave sock DontQuoteMe, for a change of pace. icon_lol.gif