C
SmarterthanYou
rebel
awesome.
now, when the market drops again in the early summer, we can certainly blame it all on Obama. Then it will be HIS recession/depression.
thanks for clearing all that up.
now, when the market drops again in the early summer, we can certainly blame it all on Obama. Then it will be HIS recession/depression.
thanks for clearing all that up.
FUCK THE POLICE
911 EVERY DAY
Or Obama turns shit waffles into real waffles and feeds a million starving children from them it's the BUSH DEPRESSION!
charver
You lookin' at my pint?
blackascoal
The Force is With Me
When will people understand that the stock market is not the economy.
The stock market goes up when people get laid off.
The stock market is doing better because Obama is pouring billions upon billions of dollars into it, not because the economy looks any better.
The stock market goes up when people get laid off.
The stock market is doing better because Obama is pouring billions upon billions of dollars into it, not because the economy looks any better.
I disagree, BAC. Wall Street if very tied into Main Street, like it or not. Many corporations & businesses use the market as a gauge. They base hiring & firing decisions on the fluctuations in the market; most of the layoffs over the past 6 months have been based on the severe drop the market saw in the fall...it feeds the fear that businesses are prone to during these kinds of situations.
FUCK THE POLICE
911 EVERY DAY
And government stimulus can stop the cycle and prevent the car from crashing.
blackascoal
The Force is With Me
The stock market is never a good gauge of the economy good brother, just as it wasn't when it went down when it didn't like his economic proposals.
Almost 600,000 people joined the ranks of the unemployed last week.
How is this indicative of turning around the depression/recession .. which should not be blamed all on George Bush. Lots of "blue dog democrats" had a hand in that as well .. including the Grand Poobah of Centrism, Bill Clinton.
Well, I agree that it shouldn't be a gauge, but for most, it is. When it drops in any kind of dramatic fashion, it feeds the fear, much more than the fundamentals of the economy do.
I personally believe the market over-reacted in the fall, but that led to an over-reaction on the part of business, in turn. There were some good reasons for a cyclical downturn & accompanying layoffs, but the fear fed on itself, and led to a reaction that was out of proportion to the reality.
I personally believe the market over-reacted in the fall, but that led to an over-reaction on the part of business, in turn. There were some good reasons for a cyclical downturn & accompanying layoffs, but the fear fed on itself, and led to a reaction that was out of proportion to the reality.
blackascoal
The Force is With Me
Over-attention to the stock market and equating Wall Street with Main Street is what got us into this mess.
If we are to make this country better, we simply have to get smarter as a people .. not suggesting you of course brother, but we simply have to get smarter and stop being led by the plutocrats.
blackascoal
The Force is With Me
That's not true. Americans are being manipulated by that facade.
Bottom line, the economy is still just as precarious as it was on Jan. 20, 2009.
I'm not suggesting that Obama isn't an improvement over the last administration, but he is owned lock, stock, and barrel by Wall Street ..
.. another reason why I did not vote for him.
blackascoal
The Force is With Me
There is no "cause and effect" relationship between the stock market and the economy. Buying into that is how we got here.
It's a lazy man's thinking to suggest the market reflects the economy or that it's all George Bush's fault.
Employment may be at its strongest when the market goes down, and at its weakest when the market goes up.
GDP is a far better indicator of the economy .. which is often at the opposite end of the market.
SmarterthanYou
rebel
I'm going with BAC on this one. The peoples economy relies mostly on small business, not large corporations. The stock market is what relies on the big corps. Neither is an indicative sign of health or illness to the other.
It's all completely interconnected, though. It's a real mistake to think that Wall Street is just about he big corps & fat cats. It's comparable to the GM situation; GM is the big corp that is seemingly getting all the bailout, but there are a huge # of small businesses that rely on GM and are connected to it in a vital way.
The point on 401K's is not a small one, either. Wall Street's surges & dives affect everthing from consumer confidence & spending to corporate layoff decisions that affect smaller businesses like falling dominoes.
SmarterthanYou
rebel
GMs business is derived from car dealers, who are usually NOT on the stock market. The only way the interconnection works is when people are buying cars and, guess what??? People are not buying cars. So if cars aren't moving, how is the stock going up? simple answer is that their capital and shareholders are being supported by our tax dollars. It works out great for them, but if the people on main street can't buy cars, the stock is going to go back down when cars still aren't being sold.
That's not the comparison I was making. I wasn't talking about GM's stock. I was talking about how their health as a company affects so many small businesses.
It's the same with all of the businesses on the Dow. Their fortunes are tied directly to a huge number of small businesses. Like it or not, people do make forecasts & hiring/firing decisions based on the fluctuations of the market, and this is something that ends up affecting most Americans in some way.