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Psaki: The President doesn’t look at the stock market to judge economy
Posted on 5/13/24 at 6:13 am
Posted on 5/13/24 at 6:13 am
Posted on 5/13/24 at 6:18 am to DaBike
To be fair they don’t look at anything that makes them look bad. If it’s sunshine outside then it’s because the economy is doing great and we had a really good Green Day.
Posted on 5/13/24 at 6:23 am to DaBike
quote:
Psaki: The President doesn’t look at the stock market to judge economy
If they did look at the DJIA as a way to judge the economy, then they'd just ask them to change the makeup of the DJIA to include only stocks which are performing exceptionally well. Then they would say "See, look at how well we are doing".
Posted on 5/13/24 at 6:40 am to MemphisGuy
They have bragged about the market when it has done well. They have no idea what's important and what isn't. They work on hiding and lying about information that makes them look bad at the moment.
Posted on 5/13/24 at 6:42 am to DaBike
He also doesn't look at food and housing prices.
Basically he doesn't look at anything, and just spews lies about how the economy is doing great..
Basically he doesn't look at anything, and just spews lies about how the economy is doing great..
This post was edited on 5/13/24 at 6:43 am
Posted on 5/13/24 at 6:43 am to DaBike
"The president has no clue what indicators are important."
Posted on 5/13/24 at 6:43 am to DaBike
quote:
They work on hiding and lying about information that makes them look bad at the moment.
When it doesn't fit the narrative, they change the definition, change the formula, or simply make it up and tell lies... Their lemmings are not paying enough attention to catch them in their lies...
Posted on 5/13/24 at 6:43 am to RogerTheShrubber
quote:
The president has no clue
Agreed
Posted on 5/13/24 at 6:44 am to Plx1776
quote:
and just spews lies about how the economy is doing great..
This has been happening since 2008.
Posted on 5/13/24 at 6:48 am to RogerTheShrubber
quote:
This has been happening since 2008.
Before then... Clinton changed how unemployment was calculated to make it look better than it was...
Posted on 5/13/24 at 6:53 am to MemphisGuy
quote:
If they did look at the DJIA as a way to judge the economy, then they'd just ask them to change the makeup of the DJIA to include only stocks which are performing exceptionally well.
To be fair they have changed the Dow Jones Industrial Average stocks numerous times over the years. Sometimes because of mergers or a company goes in the toilet, or changing market dynamics.
Years ago companies like Sears and Woolworths were on the list. I think one of the only enduring stocks on the Dow Jones is AT&T.
Posted on 5/13/24 at 6:55 am to DaBike
"The emperor has no clothes"
Posted on 5/13/24 at 7:00 am to DaBike
Grocery prices are important. And I think the fix is in from the US Grocers to change presidents. Thank god! Make it hurt more!
Posted on 5/13/24 at 8:17 am to DaBike
Yet your average American whose retirement is in the stock market does. Like it or not, when the market drops 1100 points most Americans pay attention. They see money lost not an opportunity to buy more. Whether the market is a judge of the economy doesn’t matter.
Posted on 5/13/24 at 8:23 am to DaBike
To be fair, they know what question is being asked which is why the POS looks at her answers to help her respond.
The Television drama is called DC. The acting is very poor.
The Television drama is called DC. The acting is very poor.
This post was edited on 5/13/24 at 8:25 am
Posted on 5/13/24 at 8:33 am to DaBike
This clip is 2 years old and 2022 was a terrible year for wall street.
Sp500 is currently around all time high.
What was the point in sharing this? Did Biden admin recently point to market performance as evidence of a booming economy?
Sp500 is currently around all time high.
What was the point in sharing this? Did Biden admin recently point to market performance as evidence of a booming economy?
Posted on 5/13/24 at 8:44 am to DaBike
quote:
They have bragged about the market when it has done well. They have no idea what's important and what isn't. They work on hiding and lying about information that makes them look bad at the moment.
Sure they do... don't you recall what Biden said last week? look what he's done for the populus. Since inflation is bad, he's made it [or it turns out. has proposed] "where your bounced check only cost you $8, instead of $30.... [BIDEN_DRAMATIC] Let me repeat that E I G H T dollars" [/DUMBASS_DRAMATIC]..
Next he's turning his attention to rent. God Freakn help us.I'll have to start selling blood for the rent when 'his' administration is finished.
Posted on 5/13/24 at 8:48 am to RogerTheShrubber
To be fair administrations tend to disregard those aspects they find inconvenient
Posted on 5/13/24 at 11:27 am to Tarps99
quote:
To be fair they have changed the Dow Jones Industrial Average stocks numerous times over the years. Sometimes because of mergers or a company goes in the toilet, or changing market dynamics.
Years ago companies like Sears and Woolworths were on the list. I think one of the only enduring stocks on the Dow Jones is AT&T.
I'm aware. I was more referring to the fact that they just decided to quit including coffee in the makeup of how they determine inflation... because... well... the price went up making their number look bad.
Posted on 5/13/24 at 11:28 am to RogerTheShrubber
quote:
This has been happening since 2008.
Currently, they're cherry-picking what does and doesn't make the cut for what goods contribute to the Consumer Price Index.
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