5 Years of Obama

[aaaaaa5a]

[Orsino]

1. God damn it, I am sick of seeing the Dow on the list of brags.

The DJA measures nothing but how fast Wall Street is stealing from us.

With a grim smile, however, I must acknowledge, however, that a the upward trend in the Dow at least indicates that we have wealth worth stealing again. That's not nothing.

[spanone]

2. i have my retirement accounts in mutual funds as do many. i like the dow ascending.

[Orsino]

3. Retirement funds are theft-indicators, too.

Not by the future beneficiaries, but by the managers and large-scale investors. Yes, we need the Dow to stay stable, at worst, but an awful lot of people have to lose for it to increase.

[spanone]

4. i disagree. but i choose not to argue this with you or anyone else. good day.

[Orsino]

5. And the future beneficiaries may be the most victimized.

http://www.forbes.com/sites/emilylambert/2011/10/03/has-your-retirement-been-stolen/

http://www.salon.com/2011/09/17/retirement_heist_interview/

http://socialistworker.org/2014/01/09/grand-theft-pension-reform

[spanone]

6. my money is not with a company pension. i am self-employed. so your links mean nothing.

[Orsino]

10. If it's a publicly traded fund, it may need close inspection.

I suppose that even private funds are susceptible to corruption, but probably not on the same scale.

[maced666]

14. Nice to have a pension. Most of the 99% don't.

Good for you though.

[spanone]

17. yes it is. i saved my money.

[nomorenomore08]

25. You made enough money to put some aside. That's a good thing, but not everyone is so fortunate. n/t

[1StrongBlackMan]

36. I'd far rather spend my energy ...

fighting for those that are less fortunate, than slapping at those that are more fortunate. Wouldn't you?

[nomorenomore08]

40. Sure. And I wasn't trying to "slap at" anyone - sorry if I came across that way - but simply

noting that many people aren't so fortunate. My intent wasn't hostile at all.

[1StrongBlackMan]

35. So the answer is to ...

criticize those that do; rather than, fight for those that don't?

[PosterChild]

22. +10 (nt)

[sheshe2]

16. Exactly, spanone!

[1StrongBlackMan]

34. Yep ...

The DOW, also, allows me and many others to pay lower taxes (Cities and States are investors, too).

[unblock]

8. it's relevant in part because republicans often cite it as a measure of reagan's success.

just imagine how ape they'd be going over their president if the dow had skyrocketed this much under a republican president.

[Orsino]

9. Yes. Not entirely without meaning.

I just hate that we're buying into the framing that brought us today's Wall Street.

[JoePhilly]

11. My 401k begs to differ.

[maced666]

13. Fucking right - might as well lead with 99% screwed more 5 years into Obama

Hate seeing that time and time again.
Fuck the 1%

[spanone]

15. if you think only the 1% is invested in the stock market, have another drink.

[spanone]

32. i worked for an employer who taught me early on how to invest if i was so inclined.

it wasn't a lot of money, but i put in what i could. over the years i've done well with it. i feel no remorse.

[Blanks]

45. Not much different than a casino really...

Don't play with any more than you can afford to lose.

[Adrahil]

42. This. I am not the 1%

But my retirement, and my daughter's college education depend heavily upon investment income.

[defacto7]

43. Absolutely... the 1% hold stock according to the interests

of their corporate holdings. The rest of their wealth is usually in real property, metals, international properties, maybe preferred stock. The rest of the market holders keep common stock, bonds, mutuals... and any changes are out of mind.

Safety is pretty sure for the corporation interests, not so much for those who have less than $20 million on hand and mostly are small investors with less than $1 million.

I'm not saying the stock market is not an investment for the small investor, I am saying that high prices and big gains do not a strong economy foresee or make. In a crisis, the bottom holders many times loose almost everything, the top end may loose a bit but may gain as well because the part of the market that is real will go to the most savvy business insider.

It goes to show that there is no security in the market when it is not representative of real property, jobs and wages. This market is not. Jobs are a bit up, wages are not, property values are all over the place and the stock market is through the roof. I don't call that balanced economics. So enjoy the numbers while the ink is still wet. Maybe you will be one of the lucky ones when it all hits the fan again. It will so take care.

[treestar]

21. It is not that simple

You want to see the stock market crash? That means we will have more money?

[conservaphobe]

7. ALL are important metrics to show the success of this presidency.

[Botany]

12. But Chuck Todd was just telling me that Obama is a failed lame duck of a President

BTW you forgot
Syria got rid of it's chemical weapons
the man behind benghazi was caught
POW home
and Kids like him too

[tblue37]

20. And they got Osama. nt

[AAO]

24. Isn't that the shit?

Fuck Chuck! (not literally, that would be war crime).

[1StrongBlackMan]

37. LOL ...

"war crime"

[sheshe2]

18. KnR!

[maced666]

19. Have to be careful with these posts-many are still jobless/hurting in last 5 years

Fellow DUers, just look at 1st page of this forum alone:


Life is hard and then you die
last 3 and 1/2 years were the hardest of my life. Its fucking hard to take when you are supposed to be the bread winner and you lose your job
http://www.democraticunderground.com/10025213623

I am the uncounted
Unemployed for going on 2 1/2 years, exhausted all standard unemployment, extended benefits ended in Dec 2013. I have exhausted all of my personal savings and live day to day.There are 10s of millions of others just like me.
http://www.democraticunderground.com/10025212887

[nomorenomore08]

26. Things are still looking pretty grim for many people. Important to keep this in mind

even while acknowledging the positives.

[Erich Bloodaxe BSN]

30. Oddly enough, 5 years is about exactly how long I've been unemployed.

(Apart from a few tiny contract jobs early on.) My 'glory years' for salary and employment were the Bush years. But I know that's simply anecdotal and doesn't say anything really about either President.

The house next door that's pretty much identical to mine just sold for something like 25k less than I paid for mine, and the 40 or so k I had in the stock market is long gone to pay for bills, as are, now the last of my IRAs.

Hundreds of job apps out, one interview which went nowhere, without even the courtesy of a note to tell me I hadn't gotten the job.

So yeah, the 'recovery' is passing some of us by.

[Blanks]

46. I went on a couple of job interviews that went nowhere...

I can understand that employees want someone younger than me (53). I got lucky and went to work with some people who I'd worked with some years ago, but I recognize that it was just luck.

I think there are a lot of folks out there that don't know how lucky they are to be working.

It can turn around on you in no time at all. Good luck to you.

[AAO]

23. I believe the Dow is above 17K for the first time in history

Unemployment is now 6.1% (yeah right!)

[orpupilofnature57]

27. Skewed figures at best, especially the consumer confidence .

He enables corporations and the 1% almost as much as Dick and Squint .

[bradla]

28. Oh for bleeps sake.

There have always been people hurting in America under every economy. By the way, this needs to be updated as it is even better now.

[Rosa Luxemburg]

29. The Dow is through the roof!

Wall Street and industry should be happy as clams

[1StrongBlackMan]

38. And anyone with a pension ...

and/or pays taxes to the State or a municipality, as well.

Bottom-line, there has never been a time where some people have been "left behind" economically. Rather than, complain about the metric that demonstrates that others have not ... shouldn't we be putting our effort and energy into working to healing those suffering?

[Rosa Luxemburg]

39. It seems that the high is doing well but the low end is

Being totally neglected this is due to the cutters in the House

[Cha]

44. Mahalo, Mr President Obama! 50 First Term Accomplishments..

Mucho Mas..
TOD

mahalo aaaaa5a~