1st Time in History, S&P 500 Closes Above 2,000

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    Aug 27, 2014 1:35 AM GMT
    NYT: The latest record came on a day when new data showed growing consumer confidence in the United States. Naysayers who have doubted that the market could go higher have so far been proved wrong again and again.

    The interest in stocks has been fed in part by indications that some sectors of the economy have been strengthening. The residential real estate market was one of the first areas to show recovery.

    The economic sentiment among ordinary Americans, however, looks to be improving recently. And, the economy has added 200,000 jobs for each of the last six months.

    http://dealbook.nytimes.com/2014/08/26/for-1st-time-s-p-500-closes-above-2000/?_php=true&_type=blogs&ref=business&_r=0
  • tazzari

    Posts: 2932

    Aug 27, 2014 3:54 AM GMT
    It's all Obama's fault. Because he takes too many vacations. Or because he's never produced a legitimate birth certificate! or because he won't work with the GOP. or something. There CAN'T be good news!
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    Aug 27, 2014 4:00 AM GMT
    tazzari saidIt's all Obama's fault. Because he takes too many vacations. Or because he's never produced a legitimate birth certificate! or because he won't work with the GOP. or something. There CAN'T be good news!

    Our economy would be much better if Obama took as many vacations, or played as much golf, as his predecessor Bush.

    I presume when southbeach1500 criticizes Obama for vacations and golf it's because he doesn't take ENOUGH of them, to match the numbers of SB's economic hero Bush. But there's still time left in Obama's second term, if he takes a lot more vacations, and plays much more golf, to equal the successful Bush's record. With any luck we can have a second major recession.
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    Aug 27, 2014 4:04 AM GMT
    SouthBeach1500 has been insinuating that the food stamp recipients remain high as a counterpoint to the improving economy. But according to the NYT, "The Congressional Budget Office expects that the number of food stamp recipients will fall by 2 to 5 percent each year over the next decade — from 47.7 million to 34.3 million by 2023."

    http://thecaucus.blogs.nytimes.com/2013/11/20/food-stamp-spending-and-caseload-are-declining-report-says/
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    Aug 27, 2014 4:11 AM GMT
    11-20-13fa_rev5-28-14-f2.png

    CBPP: As of early 2014, food stamp or SNAP caseloads were declining in 47 states, following the pattern of recovery from previous recessions, and the benefit increases from the Recovery Act ended in November 2013. SNAP spending fell slightly as a share of gross domestic product (GDP) in 2012 and 2013, a trend that is expected to accelerate as the economy recovers.

    http://www.cbpp.org/cms/index.cfm?fa=view&id=2226
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    Aug 27, 2014 4:12 AM GMT
    woodsmen saidSouthBeach1500 has been insinuating that the food stamp recipients remain high as a counterpoint to the improving economy. But according to the NYT, "The Congressional Budget Office expects that the number of food stamp recipients will fall by 2 to 5 percent each year over the next decade — from 47.7 million to 34.3 million by 2023."

    http://thecaucus.blogs.nytimes.com/2013/11/20/food-stamp-spending-and-caseload-are-declining-report-says/


    Badges_zps22f92651.jpg
    Facts? What facts? We don't
    need no stinkin' facts!!!
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    Aug 27, 2014 4:24 AM GMT
    southbeach1500 said
    Art_Deco said

    Badges_zps22f92651.jpg
    Facts? What facts? We don't
    need no stinkin' facts!!!

    That's right, liberals DON'T need any facts. It's all about how they "feel."

    Versus the bogus facts you quote, or the legitimate facts you ignore.

    You quote the fake facts of hatred & prejudice. That are repeatedly disproved here, time & again. It does make one wonder what your motivation could be. Could it be money, or some other reward?
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    Aug 27, 2014 4:37 AM GMT
    11-20-13fa_rev5-28-14-f2.png

    CBPP: As of early 2014, food stamp or SNAP caseloads were declining in 47 states, following the pattern of recovery from previous recessions, and the benefit increases from the Recovery Act ended in November 2013. SNAP spending fell slightly as a share of gross domestic product (GDP) in 2012 and 2013, a trend that is expected to accelerate as the economy recovers.

    http://www.cbpp.org/cms/index.cfm?fa=view&id=2226