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George Bush* Killed The Stock Market

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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:43 AM
Original message
George Bush* Killed The Stock Market
Incredible...

To all unbiased observers, "America's first MBA president" will go down as the worst economic steward since Herbert Hoover...By the time he leaves office the Dow, the S& P, and the NASDAQ will be at roughly the same point or lower than when he was inaugurated...This means investors would have been better off if they put their money in a interest bearing checking account...And they would have slept better at night...
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Billy Burnett Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:47 AM
Response to Original message
1. USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA
Edited on Wed Sep-17-08 08:48 AM by Billy Burnett
USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA
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Arrowhead2k1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:29 AM
Response to Reply #1
13. Keep chanting my friends.
Word is on Main Street that every time our country's name is uttered, a share on Wall Street is being bought.
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:49 AM
Response to Original message
2. I would have loved to do that, but unfortunately, my former employer
had mandatory participation in its retirement plan.
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Cassandra Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:49 AM
Response to Original message
3. Have we gone beyond a trifecta yet?
As an MBA myself, I'll say a lot of MBAs are trained to either be bean counters or to think so much of themselves that they think the people who do the work are just so many excess mouths to feed. It used to be that the people who ran large companies either started them themselves or they worked their way up through the company and learned who was worthwhile and who was not. These days, most of upper management just parachutes in.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:52 AM
Response to Reply #3
5. I'd Have To Look At The Metrics
But I suspect his economic performance is worse than the "infamous" Jimmy Carter...

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jojo54 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:50 AM
Response to Original message
4. Bloomberg reported this morning,
US global economic confidence at an all time low.


Gee, go figure.
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Trajan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:52 AM
Response to Original message
6. Way too simplistic .... too focused ....
Edited on Wed Sep-17-08 08:57 AM by Trajan
George Bush can barely ties his shoelaces ....

Conservative economic policy demands LOW wages for workers .... They have won that battle, and now, I believe, we can see the result when families are unable to buy ANYTHING outside of their basic budget through fear of going belly up .... There is no disposable spending ... no extraneous purchases ... only what is necessary ..... Without spending: corporate profits dry up .... the rich stop getting rich .... They strangle us, and it eventually strangles them ...

After a great run of some 50 years after the New Deal lifted families up and helped them succeed, it took some 30 years more of GOP 'trickle down' and ANTI union tactics, along with some shit slopping hectoring of working people in the public square, to FINALLY reduce working families back to the pauperism they left behind in the Great Depression ....

GOP DEregulation of the markets is a mixed bag .... They scream that they HATE regulations, and they removed them, making it possible to create 'investment vehicles' that are literally peas in a shell game ..... And they apparently believe in using tax dollars to prop up their friends wealth, cutting against their supposed 'hands off' economic approach ....

Corporate welfare at its finest ....

No .. It isnt Bush ... it is the entire stinking party, down to the very code they claim they live by ....
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CottonBear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:54 AM
Response to Reply #6
8. Privatize the profits and socialize the debts. That's worked out really well for the GOP. n/t
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:56 AM
Response to Reply #6
9. Perhaps But People Are Still Whining About The Carter Economy
~
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:25 AM
Response to Reply #6
11. Corporate welfare is what a corporatist government is all about, that and
rewarding friends, punishing enemies, politicizing the Federal apparatus, and trampling the Constitution, Bill of Rights, the rule of law, and liberty and freedom itself for lagniappe. :P
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Billy Burnett Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 08:52 AM
Response to Original message
7. Except that the dollar's value is falling so fast that w/an interest bearing checking acct...
... one still is losing their shirt.

OP should be George Bush* Killed The US Dollar


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Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:07 AM
Response to Original message
10. provided the checking account
wasn't in a bank that went under...
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TankLV Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:27 AM
Response to Original message
12. BUT CLINTON GOT A BLOWJOB!!!!!!!
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theothersnippywshrub Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:53 AM
Response to Original message
14. There are lots of studies which show that the market does significantly better under democratic
presidents than under republican presidents. As far as I know, none of those studies has established why this is the case. I think it is because the rate of job creation under democratic presidents is always higher than under republican presidents and because federal budget deficits are much higher under republican presidents than under democratic presidents.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:55 AM
Response to Reply #14
15. I Have Seen Those Studies Too
I cited them when I tried to convince my friend to vote for Gore; if only out of self interest...
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