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To the guy who told CNN's Cafferty he was voting Republican

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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 12:04 AM
Original message
To the guy who told CNN's Cafferty he was voting Republican
because he is getting close the retirement so is closely watching the stock market..

Did you watch the market during the 90s, under Clinton? Not only did the market went up by leaps and bounds, but the economy expanded for everyone.

Do you really think that a stock market and other investment can be sustained with no new jobs, with the shrinking of the middle class, of good jobs and benefits?

Dream on.
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kcass1954 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 12:07 AM
Response to Original message
1. Okay, I'm approaching retirement, the pugs are in charge of everything,
and I'm real fucking nervous.
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 12:13 AM
Response to Original message
2. The economy and stock market do better under Dems than Repubs
as discussed here on DU and other places.

The stock market has historically done much better under Democratic administrations than under Republican administrations, as Professor Jeremy Siegel himself a Republican booster (if only for the sake of his precious dividend tax cut), showed in the last edition of Stocks for the Long Run.

Forbes has noted that the US economy has historically done better under Democrats. And the Stock Trader's Almanac provides this handy comparison of the Dow under Democrats and Republicans:

DJIA, 1981 - 2004
Republican years Avg. annual change: 6.9%
Democratic years Avg. annual change: 13.3%


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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 12:23 AM
Response to Reply #2
3. Thank you. I wish that Cafferty said something.. (nt)
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 12:24 AM
Response to Original message
4. No matter how much CNBC swoons over the new record Dow...
It is still not even close to being back to where it should be if the average would have just kept pace with inflation....
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Nite Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 01:35 AM
Response to Original message
5. The market really isn't that good
the indices are up but not the whole market. The Dow is composed of 30 companies, it's not that hard to manipulate that number of companies, they are large and it is weighted but the other thousands of stocks aren't doing all that well.
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