"For those of you keeping score at home..."

[JuniperLea]

For those of you keeping score at home, the Dow closed at 7,949 on Bush's last day in office. That means it's gone up 50% since President Obama's inauguration.

Clearly, that's socialism run amok...liberal thugism on the loose. Oh, for capitalism's good old days when Bush and the GOP steered it straight to the edge of oblivion.


http://www.dailykos.com/story/2011/1/26/939004/-Dow-at-12,000:-Obama-must-really-be-a-socialist-now



TARP is turning a profit; banks are stable and profiting; American automakers are in the black and paying back... but Obama's financial policies... have failed?

[OKNancy]

1. Happy to read and rec an upbeat post! n/t

[Dawgs]

2. Then why is the budget deficit so bad?

The answer is lack of revenue from lost jobs.

The economy STILL sucks.

[JuniperLea]

6. Are you considering all the crap Bush took off the budget that Obama put back?

The war spending, for example, was never hitting the budget in the BushCo era. Those wars were supposed to pay for themselves; remember that lie? That was BushCo's justification for NOT putting them on the regular budget. One of the first things Obama did was to put that back on the budget. That's the "trillion dollar explosion" of the deficit that Bachmann and other dumbasses refer to. That is a lie. We've always had that deficit too. It's just back on the budget for all to see, including those who are memory challenged.

[Dawgs]

11. Actually no. I'm talking about the yearly budget deficit for 2011; not the national debt.

They are two different things.

The budget deficit for 2011 is high because of two things; 1) Obama's tax cut deal for the rich with the Republicans, and 2) the high unemployment rate.

"memory challenged"? How bout "fact challenged"? :rofl:

[JuniperLea]

13. How about decency challenged?

How about polite discussion challenged.

Laugh it up.

[Dawgs]

20. You're right. I was wrong to add that last line.

At the same time, people don't like being called liars when there facts are accurate.

:hi:

[mkultra]

16. facts

[66 dmhlt]

22. Great Graph! Happen to have a Link to where you got it?

I know it says the "NY Times" - but I'd appreciate bookmarking the actual site as a source.

TIA

[mkultra]

23. its off wikipedia

you can inspect the properties of the picture and see the reference info.

[66 dmhlt]

24. Thanks! Learnig it was Wikipedia got me to it:

http://en.wikipedia.org/wiki/File:CBO_Forecast_Changes_for_2009-2012.png

[damntexdem]

3. Kids, don't try this at home.

;-)

[tyne]

4. Don't forget to add

that he's implemented more tax cuts/incentives to small businesses than any president in history and yet he's seen as, anti-business.

[JuniperLea]

7. Yep...

He's a fascist! He's a socialist!

Thanks for paying attention!

[DrDan]

5. yes - there are people making money - but unemploymenet still sucks

need to focus on jobs jobs jobs

[JuniperLea]

8. Did you listen to the speech last night?

That looks like his focus to me. The beefing up of infrastructure alone will create a lot of jobs. The other side to that is getting past Republican obstructionism! Any business man worth his/her salt will never hire people based solely on how much money they have in the coffers... only demand for goods and services will create jobs. You don't get that kind of demand from the top 2%... there just aren't enough of them to create demand, no matter how much money they have... and they have 98% of it!

Obama refuses to speak out against the obstruction... he can't do that while trying to get them to cooperate. I understand that. It frustrates the hell out of me, but I don't have a degree from Harvard and I'm not near the person Obama is... I don't choke back my anger nearly that well.

[Dawgs]

12. How is going to "beef up infrastructure" when he called for a spending freeze?

Does that make sense to anyone?

[JuniperLea]

14. Has his proposed budge hit Congress yet?

No. Are facts and figures expected in a SOTU address? No.

[DrDan]

17. jobs always lag - so perhaps the next 6 months or so will tell the story

[Ineeda]

9. thank you for this OP and downthread replies. K&R

[Phx_Dem]

10. And my 401(k) and other investments reflects that! All the poor saps

who pulled their money out of the market took a big loss. If they had bothered to research the history of the market, they would have seen that crashes or big drops always come back bigger than before. You only lose money when you sell at a loss.

[JuniperLea]

15. Mine doubled...

My house is underwater... one thing at a time. No one can do it all at once.

[Phx_Dem]

18. Great! And you're right . . .one thing at a time

[HCE SuiGeneris]

19. Many valid points and counter points.

DU at its best.

[progressoid]

21. Yea!! I can feel it trickling down on me even as I type this.