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S&P 500 index was 806 when Obama took office - its 1261 now - the LARGEST GAIN ever

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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:22 PM
Original message
S&P 500 index was 806 when Obama took office - its 1261 now - the LARGEST GAIN ever
for any president ever.

OF COURSE Wall St profits are up! Bush was a fucking 8 year disaster!

Two points here -

1- Don't "blame" President Obama for high trading profits - 401Ks and IRA's have done well too.

2- (and most important) Why are right-wing assholes complaining??????? Right-wing asshole Steve Wynn of Wynn Casinos has seen his stock go from $35 to $128! WTF is he complaining about? Google "Steve Wynn Obama" and you will see seething hatred from this POS.

I'll tell you what ASSHOLE Steve Wynn is complaining about. He doesn't want to pay his maids and dealers a decent health care package under the Affordable Care Act!

If you read this - thanks for listening to my humble rant.
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:31 PM
Response to Original message
1. not enough
they'll keep calling him "anti-business" in the hopes that he'll keep trying to prove he's not, and so they'll get even richer.
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:39 PM
Response to Reply #1
3. sadly, you are correct. Everyone - if you go to Vegas boycott Wynn Properties!
and stay at an MGM if you can (they fully supported Harry Reid in 2010)
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:35 PM
Response to Original message
2. Everything is Obama's fault IF it can be interpreted negatively.......
If not, then let us not discuss it!





GDP growth under Presidents Bush and Obama:


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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:56 PM
Response to Original message
4. Check the Clinton years - "LARGEST GAIN ever for any president ever." n/t
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:01 PM
Response to Reply #4
6. 1261 - 806 = 455. Clinton may have won on a percent basis but not raw points
Now I have not checked, I admit.

We're splitting hairs though. Clinton is an A+ with me.
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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:20 PM
Response to Reply #6
12. Check percentages, you could also look at gains under Reagan and Coolidge ...
IMHO percentages are more important than just points.





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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:31 PM
Response to Reply #12
19. YOU check it! I know my guy is up about 55%.
That is damn strong.

and on "points" like I originally said - game over.
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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 07:05 PM
Response to Reply #19
23. WRONG - "LARGEST GAIN ever for any president ever."
Are really going to look at 'points only' for 'your guy.'

Then unemployment is probably the largest ever under any president EVER etc.

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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 08:28 PM
Response to Reply #6
24. Number of people in poverty must be the highest EVER ...
under Obama, not looking at percentages.



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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 09:30 PM
Response to Reply #6
25. Probably highest military spending under Obama ...
in pure dollars or numbers, not looking at percentages.

:evilgrin:

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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:59 PM
Response to Original message
5. Lovely, the investor class is prospering,
The rest of us are getting screwed. What a wonderful president.:puke:
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:04 PM
Response to Reply #5
7. About 60% of Americans are equity investors of some type.
I want President Obama to win in 2012 so I want their votes too.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:10 PM
Response to Reply #7
9. Approximately eighty percent of securities are owned by upper ten percent,
The rest of us just get the crumbs. And the fact is, the rise of finance as the leading industry in this country is a seriously bad sign of this country's fall. Furthermore, investment tends to concentrate wealth into the hands of the few.

But hey, go ahead and continue to support the triumph of the one percent.
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:24 PM
Response to Reply #9
14. Madhound - Who would benefit from a 60% plunge in equity prices in 2012?
Would you?

Would progressives?

Would Democrats?

What do you want? (don't say Clinton tax rates - I want them too. And it takes Dems to do that).
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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:25 PM
Response to Reply #9
15. + 1000 someone who is 55 has a thousand dollars in a mutual fund ...
see they benefited too!



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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:28 PM
Response to Reply #9
16. One person's crumb is another's retirement nest egg or child's education fund.....
Edited on Mon Nov-07-11 06:28 PM by FrenchieCat
You sound like Marie Antoinette....
In that, as long as the upper 10% are made to suffer and are crushed,
you don't care as to the price to be paid for this by the 90%....
as well as you refuse to understand how our government works....
in that, we didn't elect a dictator, and nothing you say will enable one person
to stop capitalism all on his own.

I thought that the 99% wanted jobs for teachers, manufacturing, cheaper education,
a better standard of living, a fairer tax rate for the wealthy,
not to end it all no matter what and sink us into a deeper depression of epic proportion.
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JoePhilly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:30 PM
Response to Reply #9
17. I'm not in the 1% ... but I am THRILLED that my 401k is where it is now
as compared to where it was on the day Obama took office.

Most of those who have 401ks are NOT the top 1%.

My mother, a retried nurse, lives on social security and 401k distributions. She never made over 35k in her entire career. The doctor's office she worked for, for over 20 years, set up 401ks for their staff ... and those docs funded most of it ... and if those 401ks disappeared, my mother would be screwed.


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Nye Bevan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:36 PM
Response to Reply #9
20. Yes. I get MAD whenever my 401k goes up.
Because it means that people who own more stocks than me have done even better.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:06 PM
Response to Reply #5
8. The only thing screwing you is how you choose to interpret events.......
No, you didn't elect a dictator.

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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:11 PM
Response to Reply #8
10. Well Frenchie, I must admit, you've done a first,
You have completely befuddled me into just how I should reply to such cognitive dissonance and disconnect. Congratulations.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:19 PM
Response to Reply #10
11. At the rate you are going, it won't be the last time.
Taking a dump on Barack Obama at this time,
ain't gonna get you what you want, unless
what you want is a Republican President, period.
If you think there is no difference, then you are
quite accurate in that you are befuddled due
to your cognitive dissonance and disconnect.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:23 PM
Response to Reply #11
13. Ah, but it is your cognitive dissonace and disconnect that are the problem
But hey, keep on writing your semi-haiku's, your paltry poetic paens to the status quo. They are quite amusing and, though you probably don't intend it, sadly illuminating.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:30 PM
Response to Reply #13
18. I'm not willing to die in your revolution. That's the choice that you are making for yourself.
I want folks to have access to jobs, health care, and education.....
but I'm not trying to change everything about our society as we know it.
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FarLeftFist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:37 PM
Response to Reply #13
21. How about we want 100% of the country to prosper. I don't want the rich to get poorer per se, I want
The poor to get richer.
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Huey P. Long Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 06:45 PM
Response to Original message
22.  it would lead to the great depression Mark II,” said Bloom.
The Euro 'Event' Will Cause Depression: HSBC
Published: Monday, 7 Nov 2011 | 1:10 AM ET

By: Patrick Allen
CNBC EMEA Head of News


With no end in sight to the euro zone debt crisis, events in Athens and Rome are likely to dominate investor sentiment over the coming days.
--
When the event, whatever it is, does actually happen it will be very bad news for the global economy according to Bloom.

“Were the event to actually occur it would lead to the great depression Mark II,” said Bloom.
--

http://www.cnbc.com/id/45186476
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