John Boehner Then And Now

[dtotire]

John Boehner Then And Now
by BarbinMD


Wed Oct 14, 2009 at 12:50:04 PM PDT

Good news:

The Dow Jones Industrial Average hit the 10000 mark briefly Wednesday afternoon for the first time in a year, as surprisingly positive earnings reports from Inteland J.P. Morgan Chasehelped fuel already recovering global economic sentiment.

The Dow had been flirting with the 10000 level throughout the session, and finally reached the psychologically important mark around 1:22 p.m.

And while we can't expect Republicans to celebrate this news like, say for instance, they would celebrate the United States losing out on a bid to host the Olympics, this is ridiculous par for the course:

Dow 10,000 just isn't that big a deal, House Republican leader John Boehner said Wednesday morning.

And anyone who places significance on the stock market hitting this symbolic number is "certainly not talking to the American people."

Of course the tanned one was singing a different tune in October, 2008 (via a Nexis search):

"I do think that the big drop on Monday really had a chilling effect on a lot of our members and a lot of their constituents," Boehner said on Fox News.

... and in March, 2009:

Political operatives in the White House are trying to divert attention away from the challenges facing our economy, the sinking stock market, and the irresponsible spending binge they are presiding over. This diversionary tactic will not create a single job or help a single family struggling in today's economic crisis. That's where our focus should be.

Who's diverting attention now, Mr. Boehner?



http://www.dailykos.com/

[marmar]

1. John Boehner, then and now

[yellowcanine]

2. Boehner's comment has a certain logic to it. Hear me out. You see, if the Dow is dropping in March

that is bad because it is Spring and everyone should be happy but they can't be happy given the depressing Dow news. Now it is October and people are SUPPOSED to be depressed with winter coming on but they aren't given the upbeat news about the Dow hitting 10,000! See - perfect logic.

[Politicalboi]

3. When Bush took over

The dow was up over 11,000 points. By October of 2001 it was down 4,400 points.

http://www.mdleasing.com/djia.htm

[JohnWxy]

4. diverting attention? the White House? Right. The whole effort of the GOP (aided nicely by M$M) has

been to try to channel anger and frustration over the Deregulation Disaster which ushered in this Republican Dystopia to the Obama administration's efforts to save the couontry from a Great Depression II.

This Deregulation Disaster was the creation of the Republicans. The promotion of deregulation of financial markets (the Commodities Futures Moderization act 2000, added as a rider to a funding bill in closing days of Clinton administration by Phil Gramm, made trading in Credit Default Swaps legal and unregulated). When 50 states attorney's General tried to take action to stop the abuses of predatory lenders (in 2004) the Cheney administration used the Office of the Comptroller of the Currency to stop them. Credit Default Swaps were used to make bundled high risk mortgages (Collaterized Debt Obligations) sellable to institutional investors (CDSs were supposed to protect them from loss) which created the demand for high rate (read: sub-prime mortgages) CDOs. This is what motivated predatory lenders to rope in people who couldn't afford the notes they were signing up to. Because there was demand for them from Wall Street banks in the securitized mortgage market - thanks to Credit Default Swaps.

The GOP (with the great help of M$M) has been trying (with no small success) to get people to forget who caused what would have been the Great Depression II had the government not stepped in and bailed out the Wall Street Banks (an effort to avert disaster which started in the Bush administration).

John Boehner is just another Glenn Beck. A degenerate who will say anything to undermine the efforts of fair minded people to help this country climb out of a deregulation disaster created by the Republican Corporate Lobbyist Party.