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Getbig Main Boards => Politics and Political Issues Board => Topic started by: The Enigma on March 06, 2013, 06:19:36 AM
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Stock market was DOWN over 60% with Republican "leadership"
Stick that in your pipe and smoke it !! :-*
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Median incomes for the bottom 90% have declined 5% since day 1 of his 1st term.
More people are unemployed now than the beginning of his 1st term.
President Obama: A Champion for the Rich.
(http://www.economicgreenfield.com/wp-content/uploads/2012/09/Dshort-9-18-12-household-incomes-growth-real-annotated.gif)
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Stock market was DOWN over 60% with Republican "leadership"
Stick that in your pipe and smoke it !! :-*
Are you saying that Democrats create bubbles and Republicans do not? Well, Clinton did and Obama seems to be doing the same.
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Food Stamp usage is up by tens of millions - does obama get credit for that too?
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Growth for the middle class and below is stagnant. I read that this has bucked the usual trend of middle class wealth growth under a Democrat president for the first time in decades.
Median incomes for the bottom 90% have declined 5% since day 1 of his 1st term.
More people are unemployed now than the beginning of his 1st term.
President Obama: A Champion for the Rich.
(http://www.economicgreenfield.com/wp-content/uploads/2012/09/Dshort-9-18-12-household-incomes-growth-real-annotated.gif)
Gigantorx nailed it here.
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Eh, the stock market will only go up when the Fed keeps interest rates low and keeps printing money.
Now how come such prosperity doesn't equate to a strong GDP growth, salary increases in the middle class and job creation?
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Eh, the stock market will only go up when the Fed keeps interest rates low and keeps printing money.
Now how come such prosperity doesn't equate to a strong GDP growth, salary increases in the middle class and job creation?
^^^^^^
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Meh....shit happens when you print money at will. All of this fake amassed wealth is just more to be taxed.
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Eh, the stock market will only go up when the Fed keeps interest rates low and keeps printing money.
Sshhh...don't tell everyone these secrets. It ruins the hope in their change.
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^^^^^^
Good stuff in this thread, fellas.
The Fed and the banks will continue to pump up the market and make the bubble as big as possible, the media will play its role as well.
When the trap is set the cattle will be herded into slaughterhouse before they know what hit them.
There are trillions in inflationary wealth to be had and the financial institutions will get it one way or the other.
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Stock market was DOWN over 60% with Republican "leadership"
Stick that in your pipe and smoke it !! :-*
Republicans produced massive deficits & stocks DROPPED 60%.
Explain that.
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Median incomes for the bottom 90% have declined 5% since day 1 of his 1st term.
Sorry to hear you're poor.
Get off Getbig and get a job.
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So Republican raise the deficit and the stock market drops. But Obama triples the size of the deficit and stocks go up. Are you really sticking with the deficit has something to do with the stock market?
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Republicans produced massive deficits & stocks DROPPED 60%.
Please explain.
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Corporations are People my friend and they are doing just fine
Interesting that personal income grew from the 1950's through 1980 (in spite of higher personal tax rates) yet came to a dead stop and started to fall right at the time the neo-cons came into office and started pretending that tax cuts paid for themselves
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Corporations are People my friend and they are doing just fine
Interesting that personal income grew from the 1950's through 1980 (in spite of higher personal tax rates) yet came to a dead stop and started to fall right at the time the neo-cons came into office and started pretending that tax cuts paid for themselves
You're missing a whole lot of context those graphs my friend.
I get what you're saying, trust me, but throwing in "Neo-Cons" and blaming it all on them is missing a very large portion of the picture.
It's a little more involved than simply, "NEo-Cons take over America people do bad!"
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You're missing a whole lot of context those graphs my friend.
I get what you're saying, trust me, but throwing in "Neo-Cons" and blaming it all on them is missing a very large portion of the picture.
It's a little more involved than simply, "NEo-Cons take over America people do bad!"
Just leaving out Fed policy during that time makes those charts completely useless.
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Just leaving out Fed policy during that time makes those charts completely useless.
Correct.
-Fed policy
-Closing of the Gold Window in the 70's
-State of the world economy and major industrialized nations post- WWII
-Free Trade Agreements and Globalism.
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Republicans produced massive deficits & stocks DROPPED 60%.
Explain that.
Still waiting on an answer.
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Republicans produced massive deficits & stocks DROPPED 60%.
Explain that.
Good point.
Obama is far from perfect but compared to the republicans..its a no contest.
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LMFAO at the libtards one of which doesnt even live here.
So what exactly do you believe obama did to help the stock market and bush did to hurt it?
be more specific than repewicans aw bawd and obawma is good...
this question is open to foreign morons so whork, feel free
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Oh come on, I know one of you gimmicks has at least one libtard comment in you
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Does borhner get any credit ?
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LMFAO at the libtards one of which doesnt even live here.
So what exactly do you believe obama did to help the stock market and bush did to hurt it?
be more specific than repewicans aw bawd and obawma is good...
this question is open to foreign morons so whork, feel free
No idea.
But fact is he is doing a lot better.
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No idea.
But fact is he is doing a lot better.
LOL is he?
and by what criteria are you basing your judgement on?
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LOL is he?
and by what criteria are you basing your judgement on?
you are right he has done no good. Are you seriously that against the left that you can't even admit to successes? I mean I support what rand paul did. You seem to not want to budge on issues.
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you are right he has done no good. Are you seriously that against the left that you can't even admit to successes? I mean I support what rand paul did. You seem to not want to budge on issues.
if you can tell me how this success is due to obama then by all means, or how bush caused the economic collapse then again by all means...
Fact is the US is far and away in worse shape than when obama took office.
I will give credit when there are things to give credit for. I agree pauls actions while futile are commendable.
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if you can tell me how this success is due to obama then by all means, or how bush caused the economic collapse then again by all means...
Fact is the US is far and away in worse shape than when obama took office.
I will give credit when there are things to give credit for. I agree pauls actions while futile are commendable.
Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
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Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
Yes there is.
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Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
I seriously hope youre talking about only the stock market b/c we as a country are in much shittier shape now than when bush left. Not only that but we are set up to circle the drain for years to come thanks to some of obamas moves.
if you are talking about the stock market again I ask what did bush or obama do to cause any of that?
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I seriously hope youre talking about only the stock market b/c we as a country are in much shittier shape now than when bush left. Not only that but we are set up to circle the drain for years to come thanks to some of obamas moves.
if you are talking about the stock market again I ask what did bush or obama do to cause any of that?
Nope the savings from the wars will benefit you.
Stock market? No idea
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No idea.
But fact is he is doing a lot better.
Economic rebound, was bound to happen. What goes down has no choice but to come up.....it just took waaaaaaaaaaaaaaaaaaaaaaa aaaaay longer than it should have.
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Nope the savings from the wars will benefit you.
Stock market? No idea
what savings? we were borrowing for the wars....
so when the wars stop the borrowing stops.........
we arent saving anything were just not borrowing as much............
you mean along the same timeline that bush laid out?
I do love it when libtard morons especially foreign libtard morons chime in on shit they have no clue about....
so you want to give obama credit and blame bush yet you cant tell us how obama deserves credit and bush blame?
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what savings? we were borrowing for the wars....
so when the wars stop the borrowing stops.........
we arent saving anything were just not borrowing as much............
you mean along the same timeline that bush laid out?
I do love it when libtard morons especially foreign libtard morons chime in on shit they have no clue about....
so you want to give obama credit and blame bush yet you cant tell us how obama deserves credit and bush blame?
I will give Obama credit for not starting any wars yes.
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I will give Obama credit for not starting any wars yes.
LOL obama has not only continued in the wars but also used US troops for many military actions that have nothing to do with bush.
LMFAO again I love the libtard foreign morons
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LOL obama has not only continued in the wars but also used US troops for many military actions that have nothing to do with bush.
LMFAO again I love the libtard foreign morons
Yes Obama has started wars on the same scale as Bush ::)
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Yes Obama has started wars on the same scale as Bush ::)
now you want to qualify your previous post after I showed you for the fool you are?
also this isnt an obama vs bush thread, this thread is about what bush did to cause the collapse and what obama has done to fix it.
and again you cant give me any examples yet you still want to blame bush but praise obama
LMFAO
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now you want to qualify your previous post after I showed you for the fool you are?
also this isnt an obama vs bush thread, this thread is about what bush did to cause the collapse and what obama has done to fix it.
and again you cant give me any examples yet you still want to blame bush but praise obama
LMFAO
You are brilliant Tony.
2 wars is not an example?
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Yes Obama has started wars on the same scale as Bush ::)
what you didn't know that, :D :D :D :D why bother,your trying to explane this to the stupid party :D
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what you didn't know that, :D :D :D :D why bother,your trying to explane this to the stupid party :D
Tony thinks Bush was a better president than Obama apparently.
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You are brilliant Tony.
2 wars is not an example?
and how did those wars collapse the economy?
thats what the thread is about brain child, obamas leadership "has helped the economy and bushes hurt it" right
please explain how the wars hurt the economy and how the economy is supposedly doing better now even though we are still fighting wars...
LMFAO
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what you didn't know that, :D :D :D :D why bother,your trying to explane this to the stupid party :D
better make sure that alarm system is armed and working properly blacken, oh wait you will just beat intruders with your bare hands never mind.
LOL you calling anyone stupid is very funny
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and how did those wars collapse the economy?
thats what the thread is about brain child, obamas leadership "has helped the economy and bushes hurt it" right
please explain how the wars hurt the economy and how the economy is supposedly doing better now even though we are still fighting wars...
LMFAO
Can you read Tony?
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Can you read Tony?
absolutely you pointed to the wars are hurting the economy and obama ending them in accordance with bush's plans as helping them.
I am asking you to explain it, you said b/c we will be saving money but we were borrowing money for the wars so we arent saving any money just borrowing less.
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Sorry to hear you're poor.
Get off Getbig and get a job.
best answer yet! ;D
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better make sure that alarm system is armed and working properly blacken, oh wait you will just beat intruders with your bare hands never mind.
LOL you calling anyone stupid is very funny
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absolutely you pointed to the wars are hurting the economy and obama ending them in accordance with bush's plans as helping them.
I am asking you to explain it, you said b/c we will be saving money but we were borrowing money for the wars so we arent saving any money just borrowing less.
Bush started the wars and you him credit for ending them ???
I guess Obama should just start some wars so he can end them again to get your praise.
Borrowing less money is saving money. I think you should read what you wrote again.
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Bush started the wars and you him credit for ending them ???
I guess Obama should just start some wars so he can end them again to get your praise.
Borrowing less money is saving money. I think you should read what you wrote again.
LOL im not giving credit to bush but you are giving credit to obama for following bush's plan...
LMFAO and I ask again how is borrowing less money helping the economy now?
you dont seem to want to admit that obamas actions arent what caused the spike in the markets. You continue to try and try to say its b/c of the wars but cant give any details on how borrowing less money is helping the economy now.
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LOL im not giving credit to bush but you are giving credit to obama for following bush's plan...
LMFAO and I ask again how is borrowing less money helping the economy now?
you dont seem to want to admit that obamas actions arent what caused the spike in the markets. You continue to try and try to say its b/c of the wars but cant give any details on how borrowing less money is helping the economy now.
Allright last try.
Obama has not made things worse and he didnt start any wars.
Bush made a lot of things worse including starting 2 wars.
Its not rocket science.
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Allright last try.
Obama has not made things worse and he didnt start any wars.
Bush made a lot of things worse including starting 2 wars.
Its not rocket science.
quatify how obama hasnt made things worse and how bush did for the economy. Simply saying something doesnt make it so brainchild.
Obama certainly has made things worse with his legislation like obamacare, dodd frank, anti business actions like creating more red tape for companies and individuals, not approving of job producing projects or slowing them down.
You see I can say things too, I can also back up each and everyone of those with a tangible example. All youre doing is saying that it and not explaining how.
LOL i know why youre not bc you dont have any idea and youre just parroting a libtard talking point.
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quatify how obama hasnt made things worse and how bush did for the economy. Simply saying something doesnt make it so brainchild.
Obama certainly has made things worse with his legislation like obamacare, dodd frank, anti business actions like creating more red tape for companies and individuals, not approving of job producing projects or slowing them down.
You see I can say things too, I can also back up each and everyone of those with a tangible example. All youre doing is saying that it and not explaining how.
LOL i know why youre not bc you dont have any idea and youre just parroting a libtard talking point.
Post a source for the things he has done worse than Bush and i will respond.
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Post a source for the things he has done worse than Bush and i will respond.
LOL this thread has never been a whos worse thread you libtard moron. Who cares whos worse they both suck ass!!!!
you keep trying to point to bush to excuse obamas idiocy.
Obama has been horrible for the economy, his legislation has done nothing but hinder the economy and will continue to do so for YEARS after he leaves office.
Bush was a shitty president as well but he didnt cause the economic collapse. Obama didnt cause it either but he certainly isnt helping it.
Now tell me how obama has helped the economy, dont just say he is ending the wars b/c that doesnt mean shit. How do you believe ending the wars is going to help the economy now.
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Stock market was DOWN over 60% with Republican "leadership"
Stick that in your pipe and smoke it !! :-*
It's all fake. It's a classic PUMP & DUMP. When the market crashes, either by algorhythmic HFT gone amuck, or a deliberate implosion, people are gonna have a very nasty, rude & horrifically brutal awakening.
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Meh....shit happens when you print money at will. All of this fake amassed wealth is just more to be taxed.
Holy Cow! I don't think Coach and I have ever held the same viewpoint on a political theory... ever! :o
But ya, ditto what he just said. It's just an amplified, magnified, accelerated rate of thievery. It's bad enough all the QE is eroding the value of the money you currently have, ...but then they take even more through direct taxation. First they hit you with the stealth tax, ...then they get you with a direct one on what's left. They've got you coming AND going.
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Good stuff in this thread, fellas.
The Fed and the banks will continue to pump up the market and make the bubble as big as possible, the media will play its role as well.
When the trap is set the cattle will be herded into slaughterhouse before they know what hit them.
There are trillions in inflationary wealth to be had and the financial institutions will get it one way or the other.
BINGO!!!
Anyone who trades the stock market these days is either:
- A. a damned fool
- B. an ultra, ultra, savvy investor
- C. someone with more money than brains
- D. or someone with cohones the size of over-inflated beachballs
And with all the test usage on these boards, I know Option D is just not an option. lol. ;D
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Bush jr outspent every President from G. Washington to B. Clinton COMBINED and the stock market declined by 60%.
Please explain.
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Bush jr outspent every President from G. Washington to B. Clinton COMBINED and the stock market declined by 60%.
Please explain.
Obama has outspent w Benny.
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Republicans produced massive deficits & stocks DROPPED 60%.
Explain that.
Hey, retard, was the end of 2007 the only year under Republican leadership that counted.
What about 2000 to 2007 when in that time the market hit 1400, UE rate was lower than today, gas was lower than today and deficits lower than today?
You are a freaking idiot. Taking a snapshot of half a year and ignoring the other 7 1/2 years. Buffoon!!
Only reason market is high now, has nothing to do with Democratic leadership. Has to do with the Fed pumping or rather printing millions of dollars and keeping interests so low that money has nowhere to go but to the stock market.
Besides, market being high is not necessarily indicative of the health of the economy.
Wait until that bubble burst and it will burst. You better hope is not under "democratic leadership".
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Hey, retard, was the end of 2007 the only year under Republican leadership that counted.
What about 2000 to 2007 when in that time the market hit 1400, UE rate was lower than today, gas was lower than today and deficits lower than today?
You are a freaking idiot. Taking a snapshot of half a year and ignoring the other 7 1/2 years. Buffoon!!
Only reason market is high now, has nothing to do with Democratic leadership. Has to do with the Fed pumping or rather printing millions of dollars and keeping interests so low that money has nowhere to go but to the stock market.
Besides, market being high is not necessarily indicative of the health of the economy.
Wait until that bubble burst and it will burst. You better hope is not under "democratic leadership".
No but it took years for their destructive policies to take effect :)
They needed a full 6-7 years to destroy what Clinton had built.
To be serious a bubble is a bubble and doesnt care who is president.
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No but it took years for their destructive policies to take effect :)
They needed a full 6-7 years to destroy what Clinton had built.
To be serious a bubble is a bubble and doesnt care who is president.
What destructive polices?
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What destructive polices?
Read the last sentence in my post again.
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Read the last sentence in my post again.
I did - GWB created the housing bubble?
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I did - GWB created the housing bubble?
Not to my knowledge.
I think most of the things with the economy is out of control for even the pres.
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Not to my knowledge.
I think most of the things with the economy is out of control for even the pres.
So why did you blame him for the crash?
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Bush jr outspent every President from G. Washington to B. Clinton COMBINED and the stock market declined by 60%.
Please explain.
It's been explaind numerous times.
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BINGO!!!
Anyone who trades the stock market these days is either:
- A. a damned fool
- B. an ultra, ultra, savvy investor
- C. someone with more money than brains
- D. or someone with cohones the size of over-inflated beachballs
And with all the test usage on these boards, I know Option D is just not an option. lol. ;D
"I'll take "B" Alex, for 1000"
thanks again for a great financial planner. knows when to hold 'em and when to fold 'em.
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No but it took years for their destructive policies to take effect :)
They needed a full 6-7 years to destroy what Clinton had built.
Clinton built.
Brush up on your history, pal.
In Clinton's last 2 years, the economy lost close to 2 million jobs and the tech bubble burst as bad as one of my farts after eating pork beans.
If Bush did anything wrong, it was going along and signing every stupid bill that DEMOCRATS created in his last 2 years in office. That little fact, that Democrats had majority in the Senate houses and later a dominatn majority in both houses seems to escape your brain. Those last 2 years was when the economy hit the skids. What a coincidence? That almost at the same time that demotwats took were in legislative control the economy became crap and it is still crap.
Obama has been president for 5 years now and he has done nothing but make it all worse.
Yay. Lets celebrate 14000 stock market while UE rate is terrible, people earn less, work less and expenditures/borrowing by government is at all time high.
The market hit 14000 when Bush was president. I don't remember democrats cheering.
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Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring
By Michael, on January 28th, 2013
You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months. When the Federal Reserve does more "quantitative easing", it is the financial markets that benefit the most. The Dow and the S&P 500 have both hit levels not seen since 2007 this month, and many analysts are projecting that 2013 will be a banner year for stocks. But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting? Of course not. Just because the Federal Reserve has inflated another false stock market bubble with a bunch of funny money does not mean that the U.S. economy is in great shape. In fact, the truth is that things just keep getting worse for average Americans. The percentage of working age Americans with a job has fallen from 60.6% to 58.6% while Barack Obama has been president, 40 percent of all American workers are making $20,000 a year or less, median household income has declined for four years in a row, and poverty in the United States is absolutely exploding. So quantitative easing has definitely not made things better for the middle class. But all of the money printing that the Fed has been doing has worked out wonderfully for Wall Street. Profits are soaring at Goldman Sachs and luxury estates in the Hamptons are selling briskly. Unfortunately, this is how things work in America these days. Our "leaders" seem far more concerned with the welfare of Wall Street than they do about the welfare of the American people. When things get rocky, their first priority always seems to be to do whatever it takes to pump up the financial markets.
When QE3 was announced, it was heralded as the grand solution to all of our economic problems. But the truth is that those running things knew exactly what it would do. Quantitative easing always pumps up the financial markets, and that overwhelmingly benefits those that are wealthy. In fact, a while back a CNBC article discussed a very interesting study from the Bank of England which showed a clear correlation between quantitative easing and rising stock prices...
It said that the Bank of England’s policies of quantitative easing – similar to the Fed’s – had benefited mainly the wealthy.
Specifically, it said that its QE program had boosted the value of stocks and bonds by 26 percent, or about $970 billion. It said that about 40 percent of those gains went to the richest 5 percent of British households.
Many said the BOE's easing added to social anger and unrest. Dhaval Joshi, of BCA Research wrote that “QE cash ends up overwhelmingly in profits, thereby exacerbating already extreme income inequality and the consequent social tensions that arise from it."
So should we be surprised that stocks are now the highest that they have been in more than 5 years?
Of course not.
And who benefits from this?
The wealthy do. In fact, 82 percent of all individually held stocks are owned by the wealthiest 5 percent of all Americans.
Unfortunately, all of this reckless money printing has a very negative impact on all the rest of us. When the Fed floods the financial system with money, that causes inflation. That means that the cost of living has gone up even though your paycheck may not have.
If you go to the supermarket frequently, you know exactly what I am talking about. The new "sale prices" are what the old "regular prices" used to be. They keep shrinking many of the package sizes in order to try to hide the inflation, but I don't think many people are fooled. Our food dollars are not stretching nearly as far as they used to, and we can blame the Federal Reserve for that.
For much more on rising prices in America, please see this article: "Somebody Should Start The ‘Stuff Costs Too Much’ Party".
Sadly, this is what the Federal Reserve does. The system was designed to create inflation. Before the Federal Reserve came into existence, the United States never had an ongoing problem with inflation. But since the Fed was created, the United States has endured constant inflation. In fact, we have come to accept it as "normal". Just check out the amazing chart in the video posted below...
http://theeconomiccollapseblog.com/archives/federal-reserve-money-printing-is-the-real-reason-why-the-stock-market-is-soaring
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So why did you blame him for the crash?
You mean the housing bubble?
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Guys, you're all blaming the President... whether he be Republican or Democrat, when in reality it is Federal Reserve Policy that dictates. Sure Presidents sign policies into effect, ...but at the behest of the Fed. President's don't control the Fed, ...it's the other way around. Presidents are simply the front men who take the blame for carrying out someone else's agenda.
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Bush jr outspent every President from G. Washington to B. Clinton COMBINED and the stock market declined by 60%.
Please explain.
Still not ONE intelligent explanation.
Not surprising for GetBig.
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Still not ONE intelligent explanation.
Not surprising for GetBig.
That is because you are too stupid to accept the truth of what is going on here. It has already been stated.
Not even under Bush did the Fed keep the interest rates this low and print so much money. That is your answer. Now scram, nitwit.
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Not only that but since when is the stock market a true indicator of the overall health of the economy?
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Not only that but since when is the stock market a true indicator of the overall health of the economy?
When Obama is president and it is up....
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When Obama is president and it is up....
The market will do ok so long as Obama is shackled from doin any further damage to the economy.
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Still not ONE intelligent explanation.
Not surprising for GetBig.
What kind of answer are you expecting?
The question doesn't really make all that much sense. It isn't as much government spending as it is Federal Reserve Policy.
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What kind of answer are you expecting?
The question doesn't really make all that much sense. It isn't as much government spending as it is Federal Reserve Policy.
BINGO!!!
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Sorry you whiners missed the 110% Obama rally since 2009.
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No but it took years for their destructive policies to take effect :)
They needed a full 6-7 years to destroy what Clinton had built.
To be serious a bubble is a bubble and doesnt care who is president.
What destructive polices?
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Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
Bush took office on January 2001. There was a recession on March 2001. Was that Bush's fault? No, it was Clinton's fault. Clinton left Bush with nothing but a bursting bubble.
Is the current recession Bush's fault? No, it is Clinton's fault:
"President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
Is Obama doing anything about this? Tell me, what has Obama done to regulate credit-default swaps?
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Sorry you whiners missed the 110% Obama rally since 2009.
Stocks close UP again today. (10 days in a row)
Market UP 115% since Obama elected President.
Sorry you WHINERS missed out on this Historic rally.
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Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
Bush took office on January 2001. There was a recession on March 2001. Was that Bush's fault? No, it was Clinton's fault. Clinton left Bush with nothing but a bursting bubble.
Is the current recession Bush's fault? No, it is Clinton's fault:
"President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
Is Obama doing anything about this? Tell me, what has Obama done to regulate credit-default swaps?
Bump.
Anyone? Anyone? Bueller? Bueller? Bueller?
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Bush took office on January 2001. There was a recession on March 2001. Was that Bush's fault? No, it was Clinton's fault. Clinton left Bush with nothing but a bursting bubble.
Is the current recession Bush's fault? No, it is Clinton's fault:
"President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
Is Obama doing anything about this? Tell me, what has Obama done to regulate credit-default swaps?
Bump.
Anyone? Anyone? Bueller? Bueller? Bueller?
Can we also go back and say that it's Reagan's fault? You know... Trickle down economics that didn't work, or the high deficit spending he started?
Just wondering.
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Can we also go back and say that it's Reagan's fault? You know... Trickle down economics that didn't work, or the high deficit spending he started?
Just wondering.
Sure.
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Sure.
But you would need to take it back even further to LBJ beginning his Great Society insanity and then Richard Nixon closing the "gold window" and turning the U.S. dollar into a full fiat currency.
Actually, go all the way back to the 16th Amendment/Federal Income Tax and of course the creation of the Federal Reserve.
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But you would need to take it back even further to LBJ beginning his Great Society insanity and then Richard Nixon closing the "gold window" and turning the U.S. dollar into a full fiat currency.
Actually, go all the way back to the 16th Amendment/Federal Income Tax and of course the creation of the Federal Reserve.
We can do that too... Proof of a slippery slope huh?
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...almost like a concerted, elitist effort to dismantle all that is good for the citizenry.
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Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
Bush took office on January 2001. There was a recession on March 2001. Was that Bush's fault? No, it was Clinton's fault. Clinton left Bush with nothing but a bursting bubble.
Is the current recession Bush's fault? No, it is Clinton's fault:
"President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
Is Obama doing anything about this? Tell me, what has Obama done to regulate credit-default swaps?
Unlike any other president, Bill Clinton was warned ahead of time of the worst recession in US history since the great depression. He was told what to do to prevent it too: to regulate "Derivatives, swaps, basically bets between companies and banks, laying off risk."
BROOKSLEY BORN: "We're trying to protect the money of the American public, which is at risk in these markets."
Nobody, including Clinton, listened and thus the worse recession in history since the great depression started on his watch, in 1998.
"Long-Term Capital Management did business with nearly everyone important on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on its own, it became clear it was running out of options. On September 23, 1998, Goldman Sachs, AIG, and Berkshire Hathaway offered then to buy out the fund's partners for $250 million, to inject $3.75 billion and to operate LTCM within Goldman's own trading division. The offer was stunningly low to LTCM's partners because at the start of the year their firm had been worth $4.7 billion. Warren Buffett gave Meriwether less than one hour to accept the deal; the time period lapsed before a deal could be worked out. Seeing no options left the Federal Reserve Bank of New York organized a bailout of $3.625 billion by the major creditors to avoid a wider collapse in the financial markets."
http://www.propublica.org/article/former-clinton-official-says-democrats-obama-advisers-share-blame-for-marke
http://www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
https://en.wikipedia.org/wiki/Brooksley_Born#Born_and_the_OTC_Derivatives_Market
http://en.wikipedia.org/wiki/Long-Term_Capital_Management#1998_bailout
Thus the great recession of 1998 was delayed until 2008. Thank you, Bill Clinton! ::)
BROOKSLEY BORN: "It was my worst nightmare coming true. Nobody really knew what was going on in the market. The toxic assets of many of our biggest banks are over-the-counter derivatives and caused the economic downturn that made us lose our savings, lose our jobs, lose our homes. It was very frightening."
And what's Obama doing about regulating derivatives, credit-default swaps? Absolutely nothing. Stay tuned for the next great recession, which will be even worse than this one. Thank you, Barack Hussein Obama! ::)
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Bush took office on January 2001. There was a recession on March 2001. Was that Bush's fault? No, it was Clinton's fault. Clinton left Bush with nothing but a bursting bubble.
Is the current recession Bush's fault? No, it is Clinton's fault:
"President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
Is Obama doing anything about this? Tell me, what has Obama done to regulate credit-default swaps?
Not a damn thing.
Obama is pro-wall street.
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Not a damn thing.
Obama is pro-wall street.
which is why I'm a happy camper.
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which is why I'm a happy camper.
You are a CEO?
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Compare when Bush took office to when he left.
Compare when Obama took office to now.
No comparison.
Unlike any other president, Bill Clinton was warned ahead of time of the worst recession in US history since the great depression. He was told what to do to prevent it too: to regulate "Derivatives, swaps, basically bets between companies and banks, laying off risk."
BROOKSLEY BORN: "We're trying to protect the money of the American public, which is at risk in these markets."
Nobody, including Clinton, listened and thus the worse recession in history since the great depression started on his watch, in 1998.
"Long-Term Capital Management did business with nearly everyone important on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on its own, it became clear it was running out of options. On September 23, 1998, Goldman Sachs, AIG, and Berkshire Hathaway offered then to buy out the fund's partners for $250 million, to inject $3.75 billion and to operate LTCM within Goldman's own trading division. The offer was stunningly low to LTCM's partners because at the start of the year their firm had been worth $4.7 billion. Warren Buffett gave Meriwether less than one hour to accept the deal; the time period lapsed before a deal could be worked out. Seeing no options left the Federal Reserve Bank of New York organized a bailout of $3.625 billion by the major creditors to avoid a wider collapse in the financial markets."
http://www.propublica.org/article/former-clinton-official-says-democrats-obama-advisers-share-blame-for-marke
http://www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
https://en.wikipedia.org/wiki/Brooksley_Born#Born_and_the_OTC_Derivatives_Market
http://en.wikipedia.org/wiki/Long-Term_Capital_Management#1998_bailout
Thus the great recession of 1998 was delayed until 2008. Thank you, Bill Clinton! ::)
BROOKSLEY BORN: "It was my worst nightmare coming true. Nobody really knew what was going on in the market. The toxic assets of many of our biggest banks are over-the-counter derivatives and caused the economic downturn that made us lose our savings, lose our jobs, lose our homes. It was very frightening."
And what's Obama doing about regulating derivatives, credit-default swaps? Absolutely nothing. Stay tuned for the next great recession, which will be even worse than this one. Thank you, Barack Hussein Obama! ::)
Bump.
Anyone? Anyone? Bueller? Bueller? Bueller?
-
Unlike any other president, Bill Clinton was warned ahead of time of the worst recession in US history since the great depression. He was told what to do to prevent it too: to regulate "Derivatives, swaps, basically bets between companies and banks, laying off risk."
BROOKSLEY BORN: "We're trying to protect the money of the American public, which is at risk in these markets."
Nobody, including Clinton, listened and thus the worse recession in history since the great depression started on his watch, in 1998.
"Long-Term Capital Management did business with nearly everyone important on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on its own, it became clear it was running out of options. On September 23, 1998, Goldman Sachs, AIG, and Berkshire Hathaway offered then to buy out the fund's partners for $250 million, to inject $3.75 billion and to operate LTCM within Goldman's own trading division. The offer was stunningly low to LTCM's partners because at the start of the year their firm had been worth $4.7 billion. Warren Buffett gave Meriwether less than one hour to accept the deal; the time period lapsed before a deal could be worked out. Seeing no options left the Federal Reserve Bank of New York organized a bailout of $3.625 billion by the major creditors to avoid a wider collapse in the financial markets."
http://www.propublica.org/article/former-clinton-official-says-democrats-obama-advisers-share-blame-for-marke
http://www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
https://en.wikipedia.org/wiki/Brooksley_Born#Born_and_the_OTC_Derivatives_Market
http://en.wikipedia.org/wiki/Long-Term_Capital_Management#1998_bailout
Thus the great recession of 1998 was delayed until 2008. Thank you, Bill Clinton! ::)
BROOKSLEY BORN: "It was my worst nightmare coming true. Nobody really knew what was going on in the market. The toxic assets of many of our biggest banks are over-the-counter derivatives and caused the economic downturn that made us lose our savings, lose our jobs, lose our homes. It was very frightening."
And what's Obama doing about regulating derivatives, credit-default swaps? Absolutely nothing. Stay tuned for the next great recession, which will be even worse than this one. Thank you, Barack Hussein Obama! ::)
Bump.
Anyone? Anyone? Bueller? Bueller? Bueller?
What "they" did to Brooksley Born was a crime and showed just how corrupt our govt. is and just how much control the Fed and financial industry has over it.
-
Unlike any other president, Bill Clinton was warned ahead of time of the worst recession in US history since the great depression. He was told what to do to prevent it too: to regulate "Derivatives, swaps, basically bets between companies and banks, laying off risk."
BROOKSLEY BORN: "We're trying to protect the money of the American public, which is at risk in these markets."
Nobody, including Clinton, listened and thus the worse recession in history since the great depression started on his watch, in 1998.
"Long-Term Capital Management did business with nearly everyone important on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on its own, it became clear it was running out of options. On September 23, 1998, Goldman Sachs, AIG, and Berkshire Hathaway offered then to buy out the fund's partners for $250 million, to inject $3.75 billion and to operate LTCM within Goldman's own trading division. The offer was stunningly low to LTCM's partners because at the start of the year their firm had been worth $4.7 billion. Warren Buffett gave Meriwether less than one hour to accept the deal; the time period lapsed before a deal could be worked out. Seeing no options left the Federal Reserve Bank of New York organized a bailout of $3.625 billion by the major creditors to avoid a wider collapse in the financial markets."
http://www.propublica.org/article/former-clinton-official-says-democrats-obama-advisers-share-blame-for-marke
http://www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
https://en.wikipedia.org/wiki/Brooksley_Born#Born_and_the_OTC_Derivatives_Market
http://en.wikipedia.org/wiki/Long-Term_Capital_Management#1998_bailout
Thus the great recession of 1998 was delayed until 2008. Thank you, Bill Clinton! ::)
BROOKSLEY BORN: "It was my worst nightmare coming true. Nobody really knew what was going on in the market. The toxic assets of many of our biggest banks are over-the-counter derivatives and caused the economic downturn that made us lose our savings, lose our jobs, lose our homes. It was very frightening."
And what's Obama doing about regulating derivatives, credit-default swaps? Absolutely nothing. Stay tuned for the next great recession, which will be even worse than this one. Thank you, Barack Hussein Obama! ::)
What "they" did to Brooksley Born was a crime and showed just how corrupt our govt. is and just how much control the Fed and financial industry has over it.
GigantorX ain't lying.
Where are the Democrats in this threads? They blame everything on Bush, but you bring this up and they disappear.
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Minorities need homes ( they don't deserve) due to "home ownership gap"
W: "Just because u have bad credit doesn't mean u can't have a great home"
That strategy worked well. ::)
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Minorities need homes ( they don't deserve) due to "home ownership gap"
W: "Just because u have bad credit doesn't mean u can't have a great home"
That strategy worked well. ::)
"In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
That strategy worked well. ::)
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"In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
That strategy worked well. ::)
Stop it with these facts. You are going to confuse the libtard.
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You are a CEO?
just someone who employs a great financial planner, and CPA.
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Stocks close UP again today. (10 days in a row)
Market UP 115% since Obama elected President.
Sorry you WHINERS missed out on this Historic rally.
Another all time Market high today!
Let the whining begin.....
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Wonderful. Another Mons Venus production.
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Another all time Market high today!
Let the whining begin.....
Hi Benny
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Another all time Market high today!
Let the whining begin.....
Back to reality.
http://news.yahoo.com/help-shrinks-poverty-spikes-us-122230503.html
The U.S. Census Bureau puts the number of Americans in poverty at levels not seen since the mid-1960s when President Lyndon B. Johnson launched the federal government's so-called War on Poverty. As President Barack Obama began his second term in January, nearly 50 million Americans — one in six — were living below the income line that defines poverty, according to the bureau. A family of four that earns less than $23,021 a year is listed as living in poverty. The bureau said 20 percent of the country's children are poor.
Tick,tick,tick. Only a matter of time before this stock market has the biggest collapse ever.
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Wonderful. Another Mons Venus production.
LOL...Mons Venus' Bizzaroo.
Mons Venus: "The Stock Market is crashing, get all your money out immediately."
The Enigma: "Stock Market UP over 100% Under President Obama's Leadership."
(http://upload.wikimedia.org/wikipedia/en/1/1d/ClassicBizarro.PNG)
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Another all time Market high today!
Let the whining begin.....
Just as it was during the Clinton years, right?
"In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods."
"He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation."
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html
So you are pretty much saying that Clinton is responsible for the current great recession, and that Obama is responsible for the upcoming, longer and much worse recession. And you are correct.