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Started By
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re: Why has the Dow Jones done so well under the two recent Democratic presidents?
Posted on 12/26/14 at 3:04 pm to red_giraffe
Posted on 12/26/14 at 3:04 pm to red_giraffe
quote:
inferior to President Obama's economic policies. The rich don't do shite for this country.
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
Anyone want to estimate Red's economic acumen?
Or his grasp on reality??
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
Posted on 12/26/14 at 3:05 pm to red_giraffe
That was over simplified, but yes trickle down economics (called voodoo economics by Ross Perot a few decades ago) is totally crap. The job creators (wealthy) needing taxes lowered to stimulate the economy is laughable.
The GOP is still selling it, but fewer and fewer are buying it. IMO the GOP will never win another general election without a fundamental change in this most important area.
The GOP is still selling it, but fewer and fewer are buying it. IMO the GOP will never win another general election without a fundamental change in this most important area.
This post was edited on 12/26/14 at 3:06 pm
Posted on 12/26/14 at 3:07 pm to Tiger n Miami AU83
quote:You lie, big time. REPUBLICANS DO NOT BELIEVE ONLY THE WEALTHY SHOULD HAVE LOW TAXES.
The job creators (wealthy) needing taxes lowered to stimulate the economy is laughable.
The reagan cuts, the bush cuts, the coolidge cuts.... all cut taxes for all income levels.
Posted on 12/26/14 at 3:08 pm to red_giraffe
quote:
The rich don't do shite for this country.
Then why has Eric Holder and Barack Obama not sent a single banker to jail after the mortgage crisis?
Posted on 12/26/14 at 3:08 pm to red_giraffe
quote:
And who allowed the banks to make all the predatory loans that they knew they shouldnt have been making? Who allows all the banks to be dumb fricks and count the interest owed as money and continue to make more predatory loans over and over until people defaulted and couldn't pay it back?
Simple answer: President Bush
Oh good GOD!!
The banking collapse was brought about by federal housing policies that were the brainchild of DEMs - Bush fought against them constantly - at least a dozen times asking for those policies to be corrected.
Ever hear of Barney Frank and Chris Dodd???
Those are your villains if you want to point at a central entity - certainly not President Bush.
Posted on 12/26/14 at 3:10 pm to red_giraffe
quote:
And who allowed the banks to make all the predatory loans that they knew they shouldnt have been making? Who allows all the banks to be dumb fricks and count the interest owed as money and continue to make more predatory loans over and over until people defaulted and couldn't pay it back?
Simple answer: President Bush
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
You dumb bastard. Do you even Dodd Fwank bro?
Posted on 12/26/14 at 3:16 pm to ItNeverRains
Laugh all you want, monkey boy, but the OP is right. The last two democrat presidents have the better record. Its not my fault the republicans don't know what the fawk they're doing.
Posted on 12/26/14 at 3:18 pm to jeff5891
The Stock Market has done well because Obama has ordered the Fed to keep Interest Rates very low for 6 years,therefore there is no gain in CD's, so, people have to buy stocks instead of CD's. All the investment and retirement money is going into stocks, plus, the printing of paper money to cover a "no cuts money policy" of Obama to cover the 18 Trillion in deficits causes the value of paper money to go down, so, put your money in stocks for gains or Dividends. That's what I have done. Dividends are great to add to price gains.
Posted on 12/26/14 at 3:18 pm to jeff5891
LINK
This details the start of the QE program (at the very END of W's presidency) and it's effect on the market. The US president has no control over the Federal Reserve and their actions, therefore any gains or losses in the stock market cannot be credited with Barack Obama or his policies. The Fed's policy of easy money has artificially pumped the stock market up.
Bill Clinton just happened to be president when the Dawn of the Internet Age came upon us and transformed commerce. The market became enamored with anything with a "dot com" behind it. Investors threw massive amounts of money into companies that developed an online presence whether they produced a profit or not. Evidence of this happened when the tech bubble burst at the end of Clinton's presidency. While the internet age was taking hold during the 90's, the subprime mortgage industry grew 100 fold due to Clinton's repeal of Glass-Steagal Act and fundamental changes to Jimmy Carter's Community Reinvestment Act of 1977. Close examination of these actions show that the government made banks abandon sound lending practices and forced them to give mortgage loans to people who couldn't really afford them. Through Freddy and Fannie, the government acted as a backstop to defaulting loans. Literally these companies could not lose. These actions grew balance sheets for banks and mortgage companies pumping stocks further up.
Also, during this time period, companies like Enron and WorldCom showed that certain liberties could be taken in accounting practices, leading to further stock pumping. How many companies that engaged in practices like this and got away with it?
So your basic premise that "Democratic presidents are engaging in policies that are good for stocks" is a somewhat faulty argument. A truly objective look proves that
Posted on 12/26/14 at 3:20 pm to TupeloTiger
quote:
The Stock Market has done well because Obama has ordered the Fed to keep Interest Rates very low for 6 years,therefore there is no gain in CD's, so, people have to buy stocks instead of CD's. All the investment and retirement money is going into stocks, plus, the printing of paper money to cover a "no cuts money policy" of Obama to cover the 18 Trillion in deficits causes the value of paper money to go down, so, put your money in stocks for gains or Dividends. That's what I have done. Dividends are great to add to price gains.
Holy shite....please tell me you don't believe what you're typing
![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Posted on 12/26/14 at 3:22 pm to BennyAndTheInkJets
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
It gets better. That poster is [allegedly] a former state senator.
This post was edited on 12/26/14 at 3:22 pm
Posted on 12/26/14 at 3:23 pm to boosiebadazz
quote:
It gets better. That poster is [allegedly] a former state senator.
TupeloTiger?
Holy shite...
Posted on 12/26/14 at 3:27 pm to red_giraffe
quote:
And who allowed the banks to make all the predatory loans that they knew they shouldnt have been making? Who allows all the banks to be dumb fricks and count the interest owed as money and continue to make more predatory loans over and over until people defaulted and couldn't pay it back?
Simple answer: President Bush
The answer isn't so simple unless you want to talk about another president.
Clinton
Posted on 12/26/14 at 3:28 pm to jeff5891
quote:
Note that one stopped an economic meltdown.
You obviously weren't paying attention.
Posted on 12/26/14 at 3:38 pm to red_giraffe
quote:
Say what you want but it was under bush when we ended up under this awful recession.
The seeds of the recession were planted long before Bush took office. It was the Bush Admin that warned of the pending housing bubble burst 17 times but were laughed at by Barney Franks, Gregory Meeks and other democrats.
If you're giving Clinton credit for the tech bubble, does he get credit for the collapse of the NASDAQ in 2000 and the tech bubble bursting?
This post was edited on 12/26/14 at 3:38 pm
Posted on 12/26/14 at 4:09 pm to jeff5891
TARP was started under GW. The market turned in March of '09. To say that Obama stopped a meltdown is just ignorant.
Posted on 12/26/14 at 4:17 pm to red_giraffe
quote:
Posted by red_giraffe And who allowed the banks to make all the predatory loans that they knew they shouldnt have been making? Who allows all the banks to be dumb fricks and count the interest owed as money and continue to make more predatory loans over and over until people defaulted and couldn't pay it back? Simple answer: President Bush
You aren't really this dumb are you? Subprime markets had been around for decades. In fact GW tried to set up a committee to look into risks to the economy on the part of Fannie and Freddie from such loans. This was circa '03 and was blocked by the congress and the financial services committee led by Barney frank.
Read something you simple minded idiot, and stop watching Rachel Maddow and john stewart
Posted on 12/26/14 at 6:46 pm to RockyMtnTigerWDE
quote:
Yeah just don't end QE to see what's really happening
And the same useful idiots trumpeting the DJIA were crying the "Main Street v Wall Street" meme during any Repuke election. QE = writing two hot checks for the empty pockets in your pants to repay later.
Posted on 12/26/14 at 6:51 pm to RogerTheShrubber
quote:His statement isnt class envy. No more than saying the poor don't due shite for this country.
Never understood the class envy
This post was edited on 12/26/14 at 6:55 pm
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