General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dow has doubled since that Kenyan, Socialist, anti-business communist who
was bound and determined to destroy America took office.
6000-something in Jan 2009, over 13,000 today.
Paraphrasing Norman Goldman.
JBoy
(8,021 posts)avaistheone1
(14,626 posts)Perhaps they just wanted to help Obama do God's work.
babylonsister
(171,070 posts)orwell
(7,775 posts)...have a liberal bias.
doc03
(35,348 posts)increased nearly $30,000 to date.
gateley
(62,683 posts)Edit - typo.
avaistheone1
(14,626 posts)how the 1% have been doing during this time.
Okay, they have been making money hand over fist, so all is good.
doc03
(35,348 posts)"Bush Depression" today it closed at 13279.32, more than doubled. We were also losing over 700,000 jobs per month back then.
gateley
(62,683 posts)babylonsister
(171,070 posts)Dow Jones Industrial Average Soars To Highest Level Since December 2007
By MATTHEW CRAFT 05/ 1/12 06:05 PM ET AP
NEW YORK The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.
Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose.
A measure of manufacturing employment also reached a nine-month high, a hopeful sign ahead of Friday's monthly jobs report.
The manufacturing news jolted stock indexes out of a morning stupor, although the gains waned throughout the afternoon. The Dow added 65.69 points to 13,279.32, its highest closing mark since Dec. 28, 2007, during the first month of the Great Recession.
"It definitely changed the direction of markets," said Jack Ablin, chief investment officer at Harris Private Bank.
more...
http://www.huffingtonpost.com/2012/05/01/dow-jones-industrial-average-4-year-high_n_1468746.html
gateley
(62,683 posts)babylonsister
(171,070 posts)gateley
(62,683 posts)Johonny
(20,851 posts)It's not that I'm in love with ALL Obama's economic policies, on the other hand I live surrounded by retires that all have seen their investments they live on rebound. Obama probably could have done this better, but you know he did get the economy going again. I am happy for those that can invest. This is particularly true of my many, many retied friends. Of course oddly so many of them fear the socialist Kenyan, but not so much that they pulled their money out of the market It's an odd world where a growing economy isn't good enough for your opponents and so many in your own party. Democrats never seem to win.
gateley
(62,683 posts)are. I'm so happy for the "real" people who are benefitting.
Maybe you could gently point out to your retired Kenyan-fearing friends that the market hasn't been this high since 2007.
zbdent
(35,392 posts)and the Senate was filibuster-proof ...
Since the Republicans regained the House, gas has climbed up and up, and the DOW has generally stagnated ... when it seemed like something was going to get done, the DOW regained confidence ... then Boner went and consulted his "experts", and came back and said "I can't agree to go with what we agreed upon", and the DOW flops down in disgust.
MannyGoldstein
(34,589 posts)the top 10% who own 80% of all stocks.
Poverty, hunger, and homelessness are increasing monthly.
paulk
(11,586 posts)as another poster points out, most of the gains in the economy are going to the top 10%
Myself, I had to cash in all my mutual funds, 401k's, etc back in '09.
it was either that or lose my house.
I doubt I'm the only one.
I don't think this is a very compelling argument for the success of Obama's policies - it really doesn't effect most Americans.
gateley
(62,683 posts)still invested since they're contributing their hard earned money and will definitely need it when they retire.
Even though I can't rejoice for myself, I'm delighted for those who are deserving of these benefits.
spanone
(135,844 posts)and ed fucking gillespie knows divisiveness