scheming daemons
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Fri Jan-22-10 05:43 PM
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Sorry MSM, since you didnt credit Obama for the Dow going from..... |
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6400 to 10600 from March to December, you dont get to blame him for a 500 point drop over the past 3 days.
It can just as justifiably be blamed on Scott Brown's victory.
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Lasher
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Fri Jan-22-10 05:46 PM
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1. Did they mention the unprecedented loss in the stock market during the 8 GWB years? |
no limit
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Fri Jan-22-10 05:49 PM
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2. Well Bush didn't leave the stock market any lower than he found it |
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of course the drop he started continued well in to 2009 until it was in the 6K range.
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Lasher
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Fri Jan-22-10 06:06 PM
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Bandit
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Fri Jan-22-10 06:16 PM
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no limit
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Sat Jan-23-10 08:20 PM
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7. It's not bull fucking shit, its a simple fact. |
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He created one of the worst down turns in the history of the stock market. But since that down turn started at the end of his administration when he left eventhough the dow jones average was down several thousand it was about where he found it.
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Make7
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Sat Jan-23-10 08:35 PM
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8. DJIA on 1/22/01 closed at 10,578.24 and on 1/16/09 closed at 8,281.22. ( n/t ) |
TheWebHead
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Fri Jan-22-10 06:01 PM
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3. Obama has gotten credit |
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as has Geithner and Bernanke, but since the Brown win we've sort of seen a descent into meathead politics, with the pitchfork crowd wanting to politicize the Fed and dump Ben and get rid of Geithner as well, while Obama is treating the banking system which is trying to recover with an ill-timed blow to the head. Now is not the time to float trial balloons on how to punish banks, you just let them try to recover in an early cycle upturn and hope that the assets on their balance sheets (ie real estate) begin to be get marked up.
In my opinion, if you pie-charted this 5% downturn, you'd give 3% of the blame to Obama policy and dithering w/ Bernanke, while the other 2% goes to China putting the brakes on their economy.
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KittyWampus
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Fri Jan-22-10 06:04 PM
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4. somehow it's never the time to sort out the banking system. There is no faith in the system now |
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and still a lot of bad debt left rotting.
You can't put a bandaid on gangrene.
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DU
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Fri Apr 26th 2024, 06:35 PM
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