FredHayek wrote: Srocks are down a little bit but they are still pretty high priced. Sometimes this economy just doesn't make sense.
Stock market is little more than legalized gambling. What the value of a stock is has more to do with the last dividend it paid and the confidence others have in the company than it does the economy or the actual value of the company. LJ loves to point out the value of the stock market right now as if it means something while hoping that everyone forgets that the market was higher than that under Bush. The current value of the DJIA now is just as indicative of the health of the economy as it was when the DJIA closed above $14,100 for the first time ever back in September or October of 2007.
.....and then dropped to 9000 by the end of 2008......that was Bush also.....so what's your point????
FredHayek wrote: Srocks are down a little bit but they are still pretty high priced. Sometimes this economy just doesn't make sense.
Stock market is little more than legalized gambling. What the value of a stock is has more to do with the last dividend it paid and the confidence others have in the company than it does the economy or the actual value of the company. LJ loves to point out the value of the stock market right now as if it means something while hoping that everyone forgets that the market was higher than that under Bush. The current value of the DJIA now is just as indicative of the health of the economy as it was when the DJIA closed above $14,100 for the first time ever back in September or October of 2007.
Are we talking about THIS Bush?
Even when the Dow closed at the all time high of 14,000.41 on July 17, 2007, under George W Bush, that was still only a 32.23% increase from the 10,587.59 when Bush took office...
* Set all-time record for biggest drop in the history of the stock market.
* The Dow closed at a little over 8,000 the day Bush left office
So, let's see, it's gone from 8,000+ to over 13,000 since Obama took office...
One and the same - but your fixation on Bush (both of you) has led you to miss the relevant point which was that just prior to the downturn the DJIA had closed above $14,100 in September or October of 2007 - which represented an approximate 95% increase in value from the low in the wake of the 9/11 attack that occurred almost exactly 5 years earlier. That record high had little or nothing to do with the health of our economy then, as subsequent events proved, and the current value of $13,250 has little or nothing to do with the health of our economy now. That's the point. The DJIA has little or nothing to do with the health of the economy then or now.
I got it... So, it's important when it's a Republican in the White House because that shows the strength of the economy due to Republican economic policies... But when there's a Democrat in the White House, then it's a meaningless fluctuation and "has little or nothing to do with the health of the economy."
You can't make this stuff up.... rofllol :rofl rofllol :rofl rofllol :rofl rofllol :rofl
No, it's a lie in both instances - which is precisely what I pointed out to you. Cutting tax rates and raising spending, is bad economic policy regardless of whether it was GW Bush sitting behind the Resolute Desk or Obama continuing those same policies now that he is sitting there. Raising tax rates and raising spending is also bad economic policy. If we want a healthy economy, what needs to be done is to lower tax rate and reduce the amount of money DC spends next year below what they spent this year and reduce it below what they spend next year the following year and so on and so forth. Lowering the increase from 8% more to 7% more isn't going to help - we need the federal government to spend less every year than they spent the prior year. Ideally we should be spending somewhere around 10% or less of GDP at the federal level every year, not 24% of GDP. The more money that the federal government removes from the economy, the less money there is in the economy, the weaker the economy will be. The more money the federal government takes from the pockets of the citizens, the less the citizens have to spend on wages, benefits, food, clothing, shelter, transportation and luxuries like family vacations, entertainment and spiffy new smartphones.
:rofl rofllol 
