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Pretty much the whole time he's been in office. In the 2.4 years Obama's been in office, the Dow Jones has increased from 8281 to 11952 - a 44% increase in value (compare that to Bush's 8 years where the Dow Jones lost 22% of its value).
You people need to wake up and smell the coffee. Things are going to get worse, just face the fact will ya. Some already know this is great news. I knew 9 months ago when my banker invester told me of things that were going to be happening, and let me tell ya true. Things getting worse, only a lame duck would not see these very things in front of our eyes. Open your eyes and listen with your ears, things are going downhill. Fool yourself because your not fooling those of us who are not ignorant to the facts. Face it, we are going down, and soon as you face it the better. Something really wrong with ya all, if you think we are ok as an economy. We are going to get worse, everything told to me is happening, i know more but will keep my mouth shout. Some things are going to get drastically worse, such as housing, and unemployment. Just wait you will see.
Pretty much the whole time he's been in office. In the 2.4 years Obama's been in office, the Dow Jones has increased from 8281 to 11952 - a 44% increase in value (compare that to Bush's 8 years where the Dow Jones lost 22% of its value).
LOL, and you attribute it to his expertise in economics? It is a market, and will rise and fall over time. The more pertinent numbers, like economic growth and unemployment, which a president has more ability to directly impact through policy, have been dreadful.
LOL, and you attribute it to his expertise in economics? It is a market, and will rise and fall over time. The more pertinent numbers, like economic growth and unemployment, which a president has more ability to directly impact through policy, have been dreadful.
I didn't attribute it to anything. I was just answering your question.
The more pertinent numbers, like economic growth and unemployment, which a president has more ability to directly impact through policy, have been dreadful.
Boy, then you must have thought that Bush was really a major screw-up.
Pretty much the whole time he's been in office. In the 2.4 years Obama's been in office, the Dow Jones has increased from 8281 to 11952 - a 44% increase in value (compare that to Bush's 8 years where the Dow Jones lost 22% of its value).
That is Bernake at the printing press.
The stock market jumped every QE by Bernake.
QE is what has the stock market propped up. Wait for the correction. It is going to be devastating.
How ridiculous and childish. Did you give Obama credit as the stock market was rising? No.
Do you understand why the stock market rose? It's all smoke and mirrors based on a mass injection of cheap dollars into the markets. Guess what, QE2 is about to end, the mirrors are going to shatter and the market will tumble back to a legitimate level.
What about our weakened dollar? This was intentional to boost exchange rates for goods traded. More profits for exports, hammered on imports to create the impression we are in better shape than we are. China and anyone else invested in dollars is left holding the goods. This is why China is extremely upset with the US and will be unloading dollars as fast as the markets will bear.
Let's talk about cheap dollars.
Canadian dollar Bush $1.29US-1CAD Obama .97-1CAD that's a 30% loss of value
Aussie dollar Bush worth .68US-1AUD Obama 1.06 Surpassed parody for a 60% gain in value against the dollar
Euro worth $1.24 under Bush Obama hit $1.47 last week and this is with all the problems the EU is having with Greece and Ireland
It's not rocket science to see what's happening. Obama has given us 3 years of a false economy, bad as it is, by extending our debt 35%. It's like getting a credit card and maxing it out the first day. Everything is fantastic until the bill comes in 25 days. Give him another 4 years and he admits that he'll add TRILLIONS more.
The stock market going up, under his watch, is a joke. They are spreading your wealth to their banking buddies (blaming speculators) and leaving all of us with the bill. But if blaming Bush makes anyone feel better than be my guest.
Boy, then you must have thought that Bush was really a major screw-up.
Yes he was.
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