Biggest On The Job Screwup EVER

Chump change, compared to what Obama has done to the US.

No, you're full of BO. That's nothing new to anyone, though.

wrote

Which is WHAT, exactly? The stock market has gone through the roof (from

Tourism here in San Francisco is WAY UP. This weekend San Francisco expects

Big business is supporting Obama now because he's been DAMNED GOOD for the economy these past 3 years.

Stock market through the roof? Four years in and DJIA and S&P 500 haven't gotten back to their last highs?

So damned good that GDP is growing at 1.2% and the FED had to just start another massive injection of liquidity into the economy because they believe it may be rolling over. So damned good that the median family income has dropped $4,000 in the last 4 years, from $55,000 to $51,000. The stock market is doing very well in large part because the FED has flooded the economy with money and with the economy being weak, the demand for money just isn't there. Interest rates are near zero, so a lot of that money flows into stocks.

Of course if Romney or any Republican suggested that Americans are doing just fine, have plenty of money, why they'd be out of touch with reality, right? Even Joe Biden himself said just a few days ago that "the middle class has been buried the last 4 years".

I'll tell you where it is. In the 10 previous years of overheated market when you couldn't keep up.

Really, Kurt? The DOW opened in the low 8000s the day Obama was inaugurated. It is now at 13000+.

The day Bush was inaugurated the DOW was in the mid 10K's . So Bush

The Federal Reserve has been inflating the money supply. How much of that dow increase is actual value, and how much is due to inflation?

I was in a McDonalds, last week. The hot fudge sundae off the dollar menu now is over 1.60 with tax. That doesn't mean that Obama increased the actual value of the sundae.

Christopher A. Young Learn more about Jesus

The DOW opened in the low 8000s the day Obama was inaugurated. It is now at 13000+.

The day Bush was inaugurated the DOW was in the mid 10K's . So Bush

I think the stock market is doing well because business are still making a profit, although a much smaller profit than before. These businesses, however, are not SPENDING their profits on new plants, equipment, or employees due to the monumental uncertainty in the financial markets. So, they distribute a significant portion of these accrued profits as dividends. These increased dividends make the stocks more valuable.

For example, I got my quarterly dividend check from Microsoft yesterday. If was $4,000, up from $3,200 the quarter before.

Now we know what "shovel-ready" jobs the administration was talking about...

I think one reason stocks are doing well because they look like the most convenient hedge against inflation: They might preserve the "real value" of the investment (whereas money in the bank is sure to lose value to inflation). Of course, they might not too! Have fun.

The "recovery" is smoke and mirrors from the "quantitative easing". The unemployment numbers are mostly new seasonal jobs that will be gone by February. The damage to the US economy goes far far deeper than housing or jobs and is due to the mismanagement of decades of administrations left and right.

We are heading into a new Greater Depression that will make the original Great depression look like nothing. There isn't going to be a WWII to pull us out of it either so recovery will be very difficult.

Take advantage of the "recovery" to sell your overpriced micro-mansion and downsize to something you can buy without a mortgage. That will at least help keep a roof over your head during the new Greater Depression.

Bingo! Smoke and mirrors. The left leaning economists on NPR have said the same thing, that the "quantitative easing" is going to have us screwed for 15-20 years based on past history.

You do know that the inflation for the past 4 years is a lot less than it was for the previous 4 or 8, right?

Jim

Gasoline went from 1.85 to 4.15. Sundae at McDonalds went from 1.00 to 1.49

Less inflation, my ass.

Christopher A. Young Learn more about Jesus

You do know that the inflation for the past 4 years is a lot less than it was for the previous 4 or 8, right?

Jim

Not hard to do when you have an economy so rocky that there is a year of deflation. Other than that year (2009) and the following year, President Obama had the two highest rates of inflation during the period in question (back to 2002).

When I was in college, gasoline was 22cents a gallon at the rural stations and a Wopper, fry and a coke was a dollar. $5.00/hr was considered a high paying job. We had a space program and men landing on the moon too. WTF happened? ^_^

TDD

Where did you get those numbers?

In 8 years Bush stayed under 2% twice-- Obama already has 2

Perhaps you're in the wrong business ...