DOW closes at record high. Obama to blame. Damn that man!

  • Posted by a hidden member.
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    Sep 22, 2014 12:35 AM GMT
    http://www.usatoday.com/story/money/markets/2014/09/19/stocks-friday/15878535/
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    Sep 22, 2014 1:10 AM GMT
    It doesn't matter if you think of yourself as Liberal,Progressive, Conservative, Tea Party or Libertarian....YES, America is doing well again.

    I don't give President Obama huge credit for our economic turn around since the end of the Bush administration.

    But I do blame the Republicans for blocking every possible effort for making our economy even stronger. They were so determined to harm this administration that they were all to happy to make the country suffer.

    Unfortunately for the Republicans, Americans are pretty resilient.
    We work our way through crises and obstacles---including Republicans.
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    Sep 22, 2014 1:17 AM GMT
    Another Obama failure. icon_sad.gif
  • Apparition

    Posts: 3529

    Sep 22, 2014 1:18 AM GMT
    america isnt doing well again, a few americans are doing well again, just so much that they make it seem like america is doing well again, most people are still awful. Infrastructure is crumbling, and nobody is in any way prepared for the rape that senior health needs are going to cause with there being so so many of them and nobody to pay for their needs, let alone the catastrophe their downsizing will cause when they stop having big houses, stop driving, stop consuming, and starting sucking medicare and resources dry that have failed to plan or pay for while at the same time the obscene record debt will come due. America is living on a floating crowd of promised wealth that is really debt and very very few people are going to get stuck with paying it to the point of insanity that immigration the likes of which havent been seen since the irish (except this time it will be non-christian cultures who dont really get along with others very well, and will face and give massive racism problems) that make todays worries look like the good old days. Popcorn may be required.
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    Sep 22, 2014 5:08 PM GMT
    Apparition saidamerica isnt doing well again, a few americans are doing well again, just so much that they make it seem like america is doing well again, most people are still awful. Infrastructure is crumbling, and nobody is in any way prepared for the rape that senior health needs are going to cause with there being so so many of them and nobody to pay for their needs, let alone the catastrophe their downsizing will cause when they stop having big houses, stop driving, stop consuming, and starting sucking medicare and resources dry that have failed to plan or pay for while at the same time the obscene record debt will come due. America is living on a floating crowd of promised wealth that is really debt and very very few people are going to get stuck with paying it to the point of insanity that immigration the likes of which havent been seen since the irish (except this time it will be non-christian cultures who dont really get along with others very well, and will face and give massive racism problems) that make todays worries look like the good old days. Popcorn may be required.


    ^+1. Thanks for the reality check! Instead of just stating (read, repeating) conclusions, how about those who credit Obama for this perceived "recovery" providing some specific factual examples of things a/o programs he's done or begun to bring about this renascence.
  • FRE0

    Posts: 4865

    Sep 22, 2014 6:18 PM GMT
    MGINSD said
    Apparition saidamerica isnt doing well again, a few americans are doing well again, just so much that they make it seem like america is doing well again, most people are still awful. Infrastructure is crumbling, and nobody is in any way prepared for the rape that senior health needs are going to cause with there being so so many of them and nobody to pay for their needs, let alone the catastrophe their downsizing will cause when they stop having big houses, stop driving, stop consuming, and starting sucking medicare and resources dry that have failed to plan or pay for while at the same time the obscene record debt will come due. America is living on a floating crowd of promised wealth that is really debt and very very few people are going to get stuck with paying it to the point of insanity that immigration the likes of which havent been seen since the irish (except this time it will be non-christian cultures who dont really get along with others very well, and will face and give massive racism problems) that make todays worries look like the good old days. Popcorn may be required.


    ^+1. Thanks for the reality check! Instead of just stating (read, repeating) conclusions, how about those who credit Obama for this perceived "recovery" providing some specific factual examples of things a/o programs he's done or begun to bring about this renascence.


    Keeping interest rates low and expanding the money supply has been helpful.
  • Posted by a hidden member.
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    Sep 22, 2014 6:25 PM GMT
    FRE0 said
    MGINSD said
    Apparition saidamerica isnt doing well again, a few americans are doing well again, just so much that they make it seem like america is doing well again, most people are still awful. Infrastructure is crumbling, and nobody is in any way prepared for the rape that senior health needs are going to cause with there being so so many of them and nobody to pay for their needs, let alone the catastrophe their downsizing will cause when they stop having big houses, stop driving, stop consuming, and starting sucking medicare and resources dry that have failed to plan or pay for while at the same time the obscene record debt will come due. America is living on a floating crowd of promised wealth that is really debt and very very few people are going to get stuck with paying it to the point of insanity that immigration the likes of which havent been seen since the irish (except this time it will be non-christian cultures who dont really get along with others very well, and will face and give massive racism problems) that make todays worries look like the good old days. Popcorn may be required.


    ^+1. Thanks for the reality check! Instead of just stating (read, repeating) conclusions, how about those who credit Obama for this perceived "recovery" providing some specific factual examples of things a/o programs he's done or begun to bring about this renascence.


    Keeping interest rates low and expanding the money supply has been helpful.


    Yes, that they have been, but neither is Obama's doing. The Fed IS supposed to be independent, right?, and reasonable minds will differ on the wisdom of an expanded money supply. In fact, isn't one of the classic criticisms of Reagan's economic policy his adopting the latter strategy under the moniker of voodoo economics?
  • Posted by a hidden member.
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    Sep 22, 2014 7:07 PM GMT
    Security is something that people should be thinking about going forward. Are you aware of what is happening in the world today? In your own country? In your own community?

    What is going on with business and with the character of people? What about the true legitimacy, respectability and representation, morality, scruples and ethics? Social responsibility, sustainability, or the environment. Do these words mean anything or is it spin or buzz words that marketers, multinational corporations and special interest groups use?

    What can be done about the growing disparity, poverty, inequality, food security, the right to earn a living, shelter needs, dignity and hope for people?

    What about the foreign ownership of our debt, natural resources, land, real estate and investments? The acquisition of our corporations by the multinational interests. What about the contracting out of all the services in the corporations? The recruitment, Human resources , IT department, project management, food and environmental services. Foreign workers get rewarded with the jobs instead of our own citizens if you want to say that the temporary jobs are good for people.

    The future is foreign ownership of corporate farms and plantations located in our countries to supply foreign interests. What about the interests of our citizens? The same for our oil, mining operations, forests, and natural resources.

    What about our own interests and quality of life? Do citizens have a say? The life of luxury and entitlement for a members only club.... Sorry. For how much longer? Something for all of you to think about.

  • Posted by a hidden member.
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    Sep 22, 2014 8:41 PM GMT
    Uninformed liberals: Because obama's economic policies are so ineffective, the FED has maintained an expanding low interest rate bubble that sends money flowing into the stock market since bonds and treasuries yield such a low rate of return.

    Thank FED chair Janet Yellen, stocks hit new record:

    http://money.cnn.com/2014/09/17/news/economy/fed-interest-rates-janet-yellen/
  • Apparition

    Posts: 3529

    Sep 22, 2014 9:30 PM GMT
    mx5guynj saidUninformed liberals: Because obama's economic policies are so ineffective, the FED has maintained an expanding low interest rate bubble that sends money flowing into the stock market since bonds and treasuries yield such a low rate of return.

    Thank FED chair Janet Yellen, stocks hit new record:

    http://money.cnn.com/2014/09/17/news/economy/fed-interest-rates-janet-yellen/


    so few people own the stocks in the stock market that it really doesnt matter what happens in that front. stocks and bonds are pretty much imaginary and trade amongst a handful of families, the rest of us are a rounding error on that front.

    As long as you keep the debt foreign it is a good thing for a country that is pretty much self sustainable. If you owe someone a million dollars and dont have it, you have a problem, if you owe someone a trillion dollars and dont have it THEY have a problem.
  • Posted by a hidden member.
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    Sep 22, 2014 10:57 PM GMT
    Worst Socialist Ever. icon_lol.gif
  • OutdoorAdvent...

    Posts: 361

    Sep 22, 2014 10:58 PM GMT
    Apparition said

    so few people own the stocks in the stock market that it really doesnt matter what happens in that front. stocks and bonds are pretty much imaginary and trade amongst a handful of families, the rest of us are a rounding error on that front.


    49% of Americans presently own stocks, either directly or indirectly (401k's, etc.). Google it.
  • SargeKO

    Posts: 42

    Sep 23, 2014 2:15 AM GMT
    Determinate saidIt doesn't matter if you think of yourself as Liberal,Progressive, Conservative, Tea Party or Libertarian....YES, America is doing well again.

    I don't give President Obama huge credit for our economic turn around since the end of the Bush administration.

    But I do blame the Republicans for blocking every possible effort for making our economy even stronger. They were so determined to harm this administration that they were all to happy to make the country suffer.

    Unfortunately for the Republicans, Americans are pretty resilient.
    We work our way through crises and obstacles---including Republicans.


    With the stock market stronger and stronger, the gap between the "haves" and "have nots" is getting bigger. In spite of the administration's socialistic (well, actually Marxist) goals, Capitalism can't be killed. The administration is screwing the little guy, but sweet-talking him into believing he's better off, and therefore, deserving of his vote.
  • SargeKO

    Posts: 42

    Sep 23, 2014 2:18 AM GMT
    FRE0 said
    MGINSD said
    Apparition saidamerica isnt doing well again, a few americans are doing well again, just so much that they make it seem like america is doing well again, most people are still awful. Infrastructure is crumbling, and nobody is in any way prepared for the rape that senior health needs are going to cause with there being so so many of them and nobody to pay for their needs, let alone the catastrophe their downsizing will cause when they stop having big houses, stop driving, stop consuming, and starting sucking medicare and resources dry that have failed to plan or pay for while at the same time the obscene record debt will come due. America is living on a floating crowd of promised wealth that is really debt and very very few people are going to get stuck with paying it to the point of insanity that immigration the likes of which havent been seen since the irish (except this time it will be non-christian cultures who dont really get along with others very well, and will face and give massive racism problems) that make todays worries look like the good old days. Popcorn may be required.


    ^+1. Thanks for the reality check! Instead of just stating (read, repeating) conclusions, how about those who credit Obama for this perceived "recovery" providing some specific factual examples of things a/o programs he's done or begun to bring about this renascence.


    Keeping interest rates low and expanding the money supply has been helpful.


    Helpful to the Chinese that will in a few decades decide the global money standard. Then, we won't be able to print all the dollars we want and won't be able to raise our national debt ceiling.
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    Sep 23, 2014 5:55 AM GMT
    Blondizgd saidhttp://www.usatoday.com/story/money/markets/2014/09/19/stocks-friday/15878535/
    I agree with you brother. There seems to be a lot of rich people getting even more richer day by day but I don't see objective evidence of many black, poor white, or Hispanic people getting rich or rising up in the economy too. In fact, I just read a new study on CNN's website which said that older kids are now destined to make less money than their less educated parents before them. Is this the new American dream now? For you to have more education than your parents before you but earn less money and have less security while the wealthiest people continue to prosper more and more? I'm all for individual initiative and the bootstrap ethic, but there is something seriously wrong going on in this country right now that is different from its historical roots regarding the spread and sharing of prosperity. It doesn't matter the color of the President if the poor people are getting poorer under him. Martin Luther King, Jr. brought the truth of this reality to the forefront of American culture before his death. The true work of Jesus is tending to the poor of society. Is our society doing that now under Barack Obama and those politicians in power during his time as President? Just a question I have, like Martin L. King did?
  • Posted by a hidden member.
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    Sep 23, 2014 6:27 AM GMT
    The US economy is a house of cards. End of story.
  • Posted by a hidden member.
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    Sep 23, 2014 6:28 AM GMT
    Ravensong saidThe US economy is a house of cards. End of story.

    But a better house of cards than any other economy today.
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    Sep 23, 2014 6:31 AM GMT
    HikerSkier said
    Ravensong saidThe US economy is a house of cards. End of story.

    But a better house of cards than any other economy today.

    This is true.
  • Posted by a hidden member.
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    Sep 23, 2014 9:35 AM GMT
    So, now it is all the Fed's doing and nothing to do with Obama. Perhaps someone can explain that to Southbeach & Co, who have spent the last 6 years blaming Obama for all of America's economic woes.
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    Sep 23, 2014 1:01 PM GMT
    Ex_Mil8 saidSo, now it is all the Fed's doing and nothing to do with Obama. Perhaps someone can explain that to Southbeach & Co, who have spent the last 6 years blaming Obama for all of America's economic woes.



    Why waste time with such idiots?
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    Sep 23, 2014 1:04 PM GMT
    MGINSD said
    FRE0 said
    MGINSD said
    Apparition saidamerica isnt doing well again, a few americans are doing well again, just so much that they make it seem like america is doing well again, most people are still awful. Infrastructure is crumbling, and nobody is in any way prepared for the rape that senior health needs are going to cause with there being so so many of them and nobody to pay for their needs, let alone the catastrophe their downsizing will cause when they stop having big houses, stop driving, stop consuming, and starting sucking medicare and resources dry that have failed to plan or pay for while at the same time the obscene record debt will come due. America is living on a floating crowd of promised wealth that is really debt and very very few people are going to get stuck with paying it to the point of insanity that immigration the likes of which havent been seen since the irish (except this time it will be non-christian cultures who dont really get along with others very well, and will face and give massive racism problems) that make todays worries look like the good old days. Popcorn may be required.


    ^+1. Thanks for the reality check! Instead of just stating (read, repeating) conclusions, how about those who credit Obama for this perceived "recovery" providing some specific factual examples of things a/o programs he's done or begun to bring about this renascence.


    Keeping interest rates low and expanding the money supply has been helpful.


    Yes, that they have been, but neither is Obama's doing. The Fed IS supposed to be independent, right?, and reasonable minds will differ on the wisdom of an expanded money supply. In fact, isn't one of the classic criticisms of Reagan's economic policy his adopting the latter strategy under the moniker of voodoo economics?


    So let me see if I understand you correctly, when the economy is tanking it's Obama's fault. When the economy is improving it has nothing to do with him. That's about the gist of what you are stating right?
  • carew28

    Posts: 661

    Sep 23, 2014 8:09 PM GMT
    declansloan said
    Blondizgd saidhttp://www.usatoday.com/story/money/markets/2014/09/19/stocks-friday/15878535/
    I agree with you brother. There seems to be a lot of rich people getting even more richer day by day but I don't see objective evidence of many black, poor white, or Hispanic people getting rich or rising up in the economy too. In fact, I just read a new study on CNN's website which said that older kids are now destined to make less money than their less educated parents before them. Is this the new American dream now? For you to have more education than your parents before you but earn less money and have less security while the wealthiest people continue to prosper more and more? I'm all for individual initiative and the bootstrap ethic, but there is something seriously wrong going on in this country right now that is different from its historical roots regarding the spread and sharing of prosperity. It doesn't matter the color of the President if the poor people are getting poorer under him. Martin Luther King, Jr. brought the truth of this reality to the forefront of American culture before his death. The true work of Jesus is tending to the poor of society. Is our society doing that now under Barack Obama and those politicians in power during his time as President? Just a question I have, like Martin L. King did?


    Pretty much true.......the economy is improving, but it's not much help to the working-class. Things are as bad as ever.