how many points has the stock market jumped since Obama took office?

[ProfJohn]

The 40% drop occurred mainly at the end of his term as we entered a recession.

You make it sound as if his entire term was an economic failure, and that just isn't the case.

I suppose if Obama gets the economy back to its previous high you will use the same math to claim he increased the value of the stock market X% while ignoring the fact that it was at the same place Bush had it years before?

 

[bamacre]

Originally posted by: Genx87
If this sticks it is a good sign. The stock market usually climbs before a recovery in the economy.

Interesting take by Schiff...
http://www.lewrockwell.com/blo...w/archives/026699.html

 

[bamacre]

Originally posted by: ProfJohn
You make it sound as if his entire term was an economic failure, and that just isn't the case.

Yes it is. More new money was created from 2000 to 2007 than ever in our history. The whole economy under Bush was a joke, a bad one. We should have had a recession under Bush, they didn't want it to happen, and we are paying the price for that right now. And Obama is just making it worse.

 

[fskimospy]

Originally posted by: ProfJohn
The 40% drop occurred mainly at the end of his term as we entered a recession.

You make it sound as if his entire term was an economic failure, and that just isn't the case.

I suppose if Obama gets the economy back to its previous high you will use the same math to claim he increased the value of the stock market X% while ignoring the fact that it was at the same place Bush had it years before?

How else do you propose you judge a president's economic performance other than by judging the place the economy was when he got it against how it was when he left it? I'm open to ideas.

Sure Bush inherited a recession, but he left us with an absolute catastrophe. Why on earth would it matter that the drop happened late in his term? GDP growth was 2.5% during his administration, which is way below average. Not only that but what anemic growth we had was disproportionately shoveled to the ultra rich. I'll most certainly call Bush's term an economic failure in almost every possible way.

 

[fskimospy]

Originally posted by: bamacre

Originally posted by: Genx87
If this sticks it is a good sign. The stock market usually climbs before a recovery in the economy.

Interesting take by Schiff...
http://www.lewrockwell.com/blo...w/archives/026699.html

I'm sorry, but Schiff being right once about doom and gloom doesn't make up for him being wrong over and over and over again.

 

[bamacre]

Originally posted by: eskimospy

Originally posted by: bamacre

Originally posted by: Genx87
If this sticks it is a good sign. The stock market usually climbs before a recovery in the economy.

Interesting take by Schiff...
http://www.lewrockwell.com/blo...w/archives/026699.html

I'm sorry, but Schiff being right once about doom and gloom doesn't make up for him being wrong over and over and over again.

:laugh: Ok.

 

[Andrew1990]

I remember when all the Republicans where blaming Obama for the stock market going down, the Democrats were saying the President had no say in what the DOW is at. So what changes now except that the market is going up, dont tell me you are going to praise Obama for the DOW going up?

 

[fskimospy]

Originally posted by: Andrew1990
I remember when all the Republicans where blaming Obama for the stock market going down, the Democrats were saying the President had no say in what the DOW is at. So what changes now except that the market is going up, dont tell me you are going to praise Obama for the DOW going up?

Did you read the OP?

 

[Budmantom]

Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

 

[fskimospy]

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

Hey look, you said something stupid again. You seem to have a knack for that.

 

[ProfJohn]

Originally posted by: eskimospy
How else do you propose you judge a president's economic performance

You judge it on how the economy performs of a course of several years, not 100+ days.

The stock market is up right now, but unemployment is at its highest level in 25+ years.

Which really makes one think.

The stock market is home to the 'rich' while the unemployed are 'poor' which implies that Obama is helping the 'rich' and hurting the 'poor.' Kind of ironic huh?

 

[miketheidiot]

Originally posted by: mugs

Originally posted by: Lemon law
Oh boo hoo hoo, when Clinton left office the Dow stood at 12,000

Not even close. More like ~10,500. The dot-com crash had already begun when Clinton left office, and continued into Bush's first term. Bush inherited a declining economy just like Obama did.

mildest recession in human history

 

[mugs]

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

I wonder sometimes if you people really believe this stuff. Seriously - do you think that's Obama's fault?

 

[miketheidiot]

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

i think he has had some marginal effects, as did what bush did at the end. The stress tests and confidience boosting etc seeming to be having some (marginal) beneficial effects.

If nothing else, i'll give bush and some of his advisors and appointees (paulson, bernanke) quite a bit of credit for fixing the mess they made.

 

[miketheidiot]

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

Text

i think thats an encouraging trend.

also, only 1.8 million jobs have been lost in obama's first 3 months.

 

[Firebot]

Originally posted by: CycloWizard

Originally posted by: Firebot
2000?

Strange, the Republican sheep were blaming Obama for the drop in the stock market, where are they now when the stock market is actually higher since when Obama took office😕? What happened to using the same logic when the reverse is happening?



DJIA on 1/20/2009: 7949.09

DJIA on 05/08/2009: 8574.65

I would have bumped the other thread but it was locked 😛.

Nice math fail. $627.56!=$2000.

Talk about having something flying over your head😕. I simply copied the comment from your buddy in the original thread.

 

[Firebot]

Originally posted by: Andrew1990
I remember when all the Republicans where blaming Obama for the stock market going down, the Democrats were saying the President had no say in what the DOW is at. So what changes now except that the market is going up, dont tell me you are going to praise Obama for the DOW going up?

No one is claiming that.

Republican sheep were the ones saying that Obama was to blame for the current market drop, heck Winnar posted in that thread saying that Obama had an effect on the stock market even before he was even president-elect. If they were blaming Obama then, they should be praising Obama now based on their previous flawed logic, but they won't admit that because they are partisan hacks. Heck, even in this thread (some had originally posted in that first thread), rather then admiting their flaw in logic they instantly deflect to unrelated issues.

I'm surprised that dijongate hasn't been used as a deflection in this thread yet.

 

[fskimospy]

Originally posted by: ProfJohn

Originally posted by: eskimospy
How else do you propose you judge a president's economic performance

You judge it on how the economy performs of a course of several years, not 100+ days.

The stock market is up right now, but unemployment is at its highest level in 25+ years.

Which really makes one think.

The stock market is home to the 'rich' while the unemployed are 'poor' which implies that Obama is helping the 'rich' and hurting the 'poor.' Kind of ironic huh?

Your ideas of what would define helping the rich or poor sort of defy explanation or logic. They even lack an internal consistency considering you have complained in other threads about Obama taxing the rich to help those who don't pay taxes (the poor).

Furthermore, the stock market rebound has corresponded with an improvement (okay, to less atrocious) in unemployment statistics. Considering the Dow lost nearly half its value in the end of the Bush years and has now rebounded to about 60% of it's previous high, I would say that the rich and the poor, if not in the same boat, are at least in the same collection of lifeboats.

EDIT: Oh, and if you judge a president's economic performance on how it performs over a period of years, Bush's economic performance is even more of a catastrophe.

 

[sandorski]

When Obama leaves Office at the end of his second Term and the DOW is at 16,000, I'm sure people will find a way to criticize his handling of the Economy.

 

[First]

Originally posted by: bamacre

Originally posted by: Genx87
If this sticks it is a good sign. The stock market usually climbs before a recovery in the economy.

Interesting take by Schiff...
http://www.lewrockwell.com/blo...w/archives/026699.html

Hey, pssst; you're the resident loony.

 

[retrospooty]

Originally posted by: mugs

Originally posted by: Lemon law
Oh boo hoo hoo, when Clinton left office the Dow stood at 12,000

Not even close. More like ~10,500. The dot-com crash had already begun when Clinton left office, and continued into Bush's first term. Bush inherited a declining economy just like Obama did.

LOL - funny.

now let's get it clear. Bush inherited a declining economy, Obama inherited a freegin nightmare. You cant compare the two. Bush had a normal economic downward cycle, Obama inherited the worst economy since the depression.

Now with that said, the fact is the US economy is like sex, and pizza. Even when its bad, its good. There are 100's of countries out there that would love to have things as good as our recession.

 

[Budmantom]

Originally posted by: eskimospy

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

Hey look, you said something stupid again. You seem to have a knack for that.

Oh look a sheep.

 

[Genx87]

btw anybody who thinks the president has any control over the stock market is a god damned idiot.

 

[Budmantom]

Originally posted by: mugs

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

I wonder sometimes if you people really believe this stuff. Seriously - do you think that's Obama's fault?

No no I'm a sheep, I think that Obama has caused the stock market to soar a whopping 600 points, but has has absolutley nothing to do with the 2.5 million job losses and he has nothing to do with the 100's of billions that has been wasted.

He's a victim, it's all on Bush.

 

[mugs]

Originally posted by: Budmantom

Originally posted by: mugs

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

I wonder sometimes if you people really believe this stuff. Seriously - do you think that's Obama's fault?

No no I'm a sheep, I think that Obama has caused the stock market to soar a whopping 600 points, but has has absolutley nothing to do with the 2.5 million job losses and he has nothing to do with the 100's of billions that has been wasted.

He's a victim, it's all on Bush.

Oh wow.