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George Bush and the failure of the United States stock market.

techs

techs

Lifer
Whenever Bushes 5 year failure is brought up in regards to the stock market there are always some right wing nut jobs/Fox propaganda types who say Clintons stock market was built on the internet bubble and George Bush paid for it.
Lets look at the facts.
On Jan. 19, 1999 the market was at 9355
A year later on Jan. 19, 2000 it was at 11351.
Which is the result of the bubble.
However then the bubble burst and the market on Jan. 19, 2001 was 10587 (this was the day before Bush took office). However, on Dec. 1, 2000 just about two months earlier the market had been at 10373. The market had recovered from the internet bubble and was rising again.
So by the time Bush took office the market bubble had burst and stabilized.
Four months after Bush took office on May 20, 2001 the market had gone up to 10857. This was at the time Bush was getting his tax cuts passed and a huge surplus was still predicted.
So now you see that on May 20, 2001 the market was at 10857 and today, December 4, 2005 the market is at 10877. Virtually unchanged for 5 years. Despite huge tax cuts and deficit financing.
So clearly the Bush economic plan has provided the worst stock market since the Great Depression.
 
I'm no Bush fan, but to base your whole argument about the general health of the economy on the stock market doesn't seem too smart. The stock market isn't the best indicator, and any comparison to the Great Depression makes me laugh.
 
Originally posted by: Ryan
I'm no Bush fan, but to base your whole argument about the general health of the economy on the stock market doesn't seem too smart. The stock market isn't the best indicator, and any comparison to the Great Depression makes me laugh.
Click to expand...


The stock market is the best gauge of the value of American businesses. It has also been the basis for the Bush retirement accounts which claim historically the stock market is the best investment. And since the great depression it has been. Until George Bush put the US in a precarious financial situation.
And the reason I mentioned the great depression is becuase if there had been no Great Depression the Bush stock market would have been the worst EVER.
 
So you cherrypicked two dates to show that there was some period during the end of the Clinton presidency where it rose? Are you retarded enough to believe someone is going to fall for that? No one has ever said that the stock market just drops straight down or goes straight up, it has good days and bad days, you look at the overral trend, which was clearly down, regardless of whether or not there was a slight jump.

Another way of looking at it would be to say that the market rose when Bush won the election.

Or that it rose around Christmas because everyone's buying things and being happy.

Or that it was just a random blip.
 
Stock market is pure speculation. Would you consider the health and success of major league sports based on how vegas is doing?

There are other underlying reasons for the stock markets pathetic growth rate.

1. Overvaluation from the 1990s. People pushed the stock market beyond its worth and it has taken us years for it to catch up.
2. Scandals in upper management among many large firms has left peoples trust in the market at a very low opinion
3. hot real estate market. Real estate in this country has been on the rise in a big way over the past 5 years. With low mortgage rates people are plowing their extra cash into this market instead of the stock market. Some real estate markets have been seeing 40+% return rates. Why invest in a stock that may yield 10% when 40+% can be had?

Overall none of the above has much to do with a president anyways.
 
Originally posted by: Darkhawk28
The Bush economy I feel can be described in one word: Stagnant.
Click to expand...

Completely false. if you think 4+% GDP growth is stagnant then Clintons economy was no better.
 
Originally posted by: Helenihi
So you cherrypicked two dates to show that there was some period during the end of the Clinton presidency where it rose? Are you retarded enough to believe someone is going to fall for that? No one has ever said that the stock market just drops straight down or goes straight up, it has good days and bad days, you look at the overral trend, which was clearly down, regardless of whether or not there was a slight jump.

Another way of looking at it would be to say that the market rose when Bush won the election.

Or that it rose around Christmas because everyone's buying things and being happy.

Or that it was just a random blip.
Click to expand...

This is why I posted this thread. There are so many uninformed and people who have been falsely led to believe that somehow Bush has done an ok job with the economy.
How about this date?
Jan 20, 1993 the day Clinton took office? 3255
Day Clinton left office? 10587

Day Bush Senior took office? 2239
Day Bush Senior left office? 3255

Day Reagan took office? 970
Day Reagan left office? 2239

Day Carter took office? 778
Day Carter left office? 970 (despite the oil embargo!)

So I didn't cherry pick dates. I picked dates Presidents took office and left office. Then I compared Bush to them since he has been President 5 years now and even Presidents like Carter and Bush Senior who were one term presidents had large stock market growth.

The stock market has gone up substantially under EVERY President. Since Hoover. Which is the Great Depression. Only under Bush have we seen a 5 year period of no growth. This is staggering and is a fundamental shift in American economics. Business is showing almost no growth (actually losing due to inflation). Americanh business is in deep trouble. And the traditional method to stimulate business growth, government deficits, have bbe in place at a huge and unsustainable level for virtuall the last 5 years.
Folks, its a DISASTER.
 
The stock market is all about timing......money can be made no matter which time reference is used.....
 
Originally posted by: Genx87
Stock market is pure speculation. Would you consider the health and success of major league sports based on how vegas is doing?

There are other underlying reasons for the stock markets pathetic growth rate.

1. Overvaluation from the 1990s. People pushed the stock market beyond its worth and it has taken us years for it to catch up.
2. Scandals in upper management among many large firms has left peoples trust in the market at a very low opinion
3. hot real estate market. Real estate in this country has been on the rise in a big way over the past 5 years. With low mortgage rates people are plowing their extra cash into this market instead of the stock market. Some real estate markets have been seeing 40+% return rates. Why invest in a stock that may yield 10% when 40+% can be had?

Overall none of the above has much to do with a president anyways.
Click to expand...

1) the bubble had already burst and the market was rising. See the numbers.
2) the sarbanes-oxley act have given investors an all time high in confidence.
3) the real estate market is hot because people aren't investing in the stock market because American business is going down the tubes.
You really need to research economics not listen to Fox pseudo economic propaganda.

Adn comparing the stock market to vegas bookmaking? Hah. Hah. Funny.

 
1) the bubble had already buirst and the market was rising.
Click to expand...

huh?

2) the sarbanes-oxley act have given investors an all time high in confidence.
Click to expand...

Do you really believe a piece of legislation written by crooks will inspire confidence? Ask anybody who isnt a lawyer for a company what that act does and whatit requires and it will draw a blank. I have been trying to read through it to ensure compliance at my company it is quite a contraption. In other words that act didnt magically inspire confidence in the market.

3) the real estate market is hot because people aren't investing in the stock market because American business is going down the tubes.
You really need to research economics not listen to Fox pseudo economic propagands.
Click to expand...

Interest rates, learn how they work before telling me what to do lmao.

Here is a clue, the interest rates are rising, what is happening? Oh that is right the housing market is slowing duh.

 
If you're attempting to create a proxy for the economy using the stock market, why would you use the DJIA Index for your analysis? It would make a lot more sense to use a broad market index like the Wilshire 5000 or the Vanguard Total Market Index instead, or show some altermative indexes to provide for more comprehensive picture of the market (such as showing the S&P 500 and Russell 2000 along with the Dow)?

If you did that would show some interesting grist for debate... such as why the mega-cap companies (represented by the Dow) have lagged the small and medium companies (represented by the Russell 2000 and AMEX mid-cap Index). In fact, the Russell 2000 and AMEX mid-cap Indexes are at all time highs and either at or above their long-term (10 years plus) trendlines. That in and of itself isn't "proof" of a strong or weak economy anymore than the Dow having tred water for the last 5 years, but at least it would be a valid discussion rather than just being seen as an attempted bash of Bush, which your post attempts (and IMHO fails).

Wilshire 5000

S&P 500

Russelll 2000

AMEX mid-cap index

NY Composite Index

NASDAQ composite

AMEX Major Market Index

 
since 2000, the American company I work for has seen sales increase 38% and net income has increased 64%....hardly going down the tubes......
 
....LOL.

You are really pushing it trying to blame the President for people not buying stocks.
 
Originally posted by: ntdz
....LOL.

You are really pushing it trying to blame the President for people not buying stocks.
Click to expand...

Disastrous economic policies harming the economy and you want to exonerate the planner and executor of those policies?


 
Originally posted by: techs
Whenever Bushes 5 year failure is brought up in regards to the stock market there are always some right wing nut jobs/Fox propaganda types who say Clintons stock market was built on the internet bubble and George Bush paid for it.
Lets look at the facts.
On Jan. 19, 1999 the market was at 9355
A year later on Jan. 19, 2000 it was at 11351.
Which is the result of the bubble.
However then the bubble burst and the market on Jan. 19, 2001 was 10587 (this was the day before Bush took office). However, on Dec. 1, 2000 just about two months earlier the market had been at 10373. The market had recovered from the internet bubble and was rising again.
So by the time Bush took office the market bubble had burst and stabilized.
Four months after Bush took office on May 20, 2001 the market had gone up to 10857. This was at the time Bush was getting his tax cuts passed and a huge surplus was still predicted.
So now you see that on May 20, 2001 the market was at 10857 and today, December 4, 2005 the market is at 10877. Virtually unchanged for 5 years. Despite huge tax cuts and deficit financing.
So clearly the Bush economic plan has provided the worst stock market since the Great Depression.
Click to expand...


Make a point at 1990 and draw a line to todays values and tell me again how poorly the stock market is doing.

linkage

as they say in OT

/thread
 
Originally posted by: charrison
Originally posted by: techs
Whenever Bushes 5 year failure is brought up in regards to the stock market there are always some right wing nut jobs/Fox propaganda types who say Clintons stock market was built on the internet bubble and George Bush paid for it.
Lets look at the facts.
On Jan. 19, 1999 the market was at 9355
A year later on Jan. 19, 2000 it was at 11351.
Which is the result of the bubble.
However then the bubble burst and the market on Jan. 19, 2001 was 10587 (this was the day before Bush took office). However, on Dec. 1, 2000 just about two months earlier the market had been at 10373. The market had recovered from the internet bubble and was rising again.
So by the time Bush took office the market bubble had burst and stabilized.
Four months after Bush took office on May 20, 2001 the market had gone up to 10857. This was at the time Bush was getting his tax cuts passed and a huge surplus was still predicted.
So now you see that on May 20, 2001 the market was at 10857 and today, December 4, 2005 the market is at 10877. Virtually unchanged for 5 years. Despite huge tax cuts and deficit financing.
So clearly the Bush economic plan has provided the worst stock market since the Great Depression.
Click to expand...


Make a point at 1990 and draw a line to todays values and tell me again how poorly the stock market is doing.

linkage

as they say in OT

/thread
Click to expand...
You need to click on the link. Not you Charrison but anyone who wants to see how wrong someone can be by posting a link that COMPLETELY REFUTES THE POINT YOU ARE TRYING TO MAKE.
The link shows the almost straight line rise in the stock market from the great depression until Bush took office. Then it shows how the Market has not grown. Unlike ANY other 5 year points on the graph.
P.S. you also need to notice that from 0-5000 takes up 90 percent of the graph.The other 10 percent is from 5000 to 15000. In other words the graph from 5000 to 15000 is highly compressed. (in other words the Bush years are worse than even they appear on this skewed scale)
 
Originally posted by: charrison
Originally posted by: techs
Whenever Bushes 5 year failure is brought up in regards to the stock market there are always some right wing nut jobs/Fox propaganda types who say Clintons stock market was built on the internet bubble and George Bush paid for it.
Lets look at the facts.
On Jan. 19, 1999 the market was at 9355
A year later on Jan. 19, 2000 it was at 11351.
Which is the result of the bubble.
However then the bubble burst and the market on Jan. 19, 2001 was 10587 (this was the day before Bush took office). However, on Dec. 1, 2000 just about two months earlier the market had been at 10373. The market had recovered from the internet bubble and was rising again.
So by the time Bush took office the market bubble had burst and stabilized.
Four months after Bush took office on May 20, 2001 the market had gone up to 10857. This was at the time Bush was getting his tax cuts passed and a huge surplus was still predicted.
So now you see that on May 20, 2001 the market was at 10857 and today, December 4, 2005 the market is at 10877. Virtually unchanged for 5 years. Despite huge tax cuts and deficit financing.
So clearly the Bush economic plan has provided the worst stock market since the Great Depression.
Click to expand...


Make a point at 1990 and draw a line to todays values and tell me again how poorly the stock market is doing.

linkage

as they say in OT

/thread
Click to expand...

Mark a point at the beginning of 2001 and draw a line to today's values and tell me how great it's done over that time period.

 
Originally posted by: techs
Originally posted by: ntdz
....LOL.

You are really pushing it trying to blame the President for people not buying stocks.
Click to expand...

Disastrous economic policies harming the economy and you want to exonerate the planner and executor of those policies?
Click to expand...

The economy is doing great...I don't know what country you're living in, but the one I am is prospering.
 
Originally posted by: ntdz
Originally posted by: techs
Originally posted by: ntdz
....LOL.

You are really pushing it trying to blame the President for people not buying stocks.
Click to expand...

Disastrous economic policies harming the economy and you want to exonerate the planner and executor of those policies?
Click to expand...

The economy is doing great...I don't know what country you're living in, but the one I am is prospering.
Click to expand...

You must live in BushLand. Where war is peace and freedom is giving up your rights and where rich people get richer but the middle class struggles more and more.
Or else you're just batty😀

 
Summary of thread:

blahblahblah blah blahblah blahblahblah
Click to expand...

Originally posted by: Genx87

Overall none of the above has much to do with a president anyways.
Click to expand...
Of course deficit spending is not likely helping matters in terms of the real economy, but it isn't exactly a new phenomenon, and didn't prevent real growth under reagan or Bush1.
 
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