STOP RADICAL MARXIST OBAMA...HE IS DESTROYING THE MARKETS!!!

[pro nitrousADRL]

dow dropped 280 points with in 15 min of the start of trading today, after word got out that harry reid wanted a do over on financial reform bill,  and as of 315 today  dow is 376 down,  wow  real good for economy huh?

[Soul Crusher]

Dow closes above 10,000 for 1st time in a year
By TIM PARADIS, AP Business Writer

NEW YORK – When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief.

The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression.

The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade.

"It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener — 'Hey, you know what, things must be getting better because the Dow is over 10,000.'"

Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points.

It was the first time the Dow had touched 10,000 since October 2008, that time on the way down.

"I think there were times when we were in the deep part of the trough there back in the springtime when it felt like we'd never get back to this level," said Bernie McSherry, senior vice president of strategic initiatives at Cuttone & Co.

Ethan Harris, head of North America economics at Bank of America Merrill Lynch, described it as a "relief rally that the world is not coming to an end."

How are we doing a year later jackass? 

Typical left wing fool. 

[Danny]

dow dropped 280 points with in 15 min of the start of trading today, after word got out that harry reid wanted a do over on financial reform bill,  and as of 315 today  dow is 376 down,  wow  real good for economy huh?

I'm sure the crises in Europe and turmoil all over the world didn't have ANYTHING to do with this..

[pro nitrousADRL]

or the new jobless numbers

[Soul Crusher]

Where are Benny and 240? 

 

[pro nitrousADRL]

they are waiting for general electrics news outlets to put a spin on this to make it sound good

[Soul Crusher]

Benny & 240 - I will bump this till you jokers make peace with reality and truth. 

[Soul Crusher]

And what caused that Mr. Rubin? 

[pro nitrousADRL]

maybe job losses were up cause of the tornados in oklahoma maybe thats it

[Soul Crusher]

Bump for 240 

[240 is Back]

Bump for what?  Obama didn't get any credit when he moved up DOW 4000 points, so I hardly see how you can blame him when it drops 400 poinds.

[Soul Crusher]

 Re: STOP RADICAL MARXIST OBAMA...HE IS DESTROYING THE MARKETS!!!
« Reply #2 on: March 14, 2009, 10:49:10 AM » Quote 

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Crickets!

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You posted that in March 2009, over a year ago. 

[pro nitrousADRL]

obama did too get credit,  all the idiots that support him wouldnt shut up about ooo ooo  look the stim is working,  i dont think the pres deserves credit for creating a couple thousand temp jobs though and the fact the he did that hardly means stim worked

[240 is Back]

many ppl on getbig said Obama didn't get any credit for the DOW rising.  I can accept that position - but only if he can't get any blame when it drops.

As far as the stim working, we will evaluate that after 18 months.  We're not there yet.

[Soul Crusher]

many ppl on getbig said Obama didn't get any credit for the DOW rising.  I can accept that position - but only if he can't get any blame when it drops.

As far as the stim working, we will evaluate that after 18 months.  We're not there yet.

And how far are we from that 240?  In February 2009 you said give iy 18 months no?   

[pro nitrousADRL]

after 18 months job numbers wil be really bad when the census workers dont have jobs any longer  and the job loss rate continues . I dont think obama is going to want to see those numbers come aug and sept.

[Soul Crusher]

Once the census and stim bill ends, along with the end of UE, state budget layoffs, market collapse, we are headed for mad max. 

[Mons Venus]

Once the census and stim bill ends, along with the end of UE, state budget layoffs, market collapse, we are headed for mad max. 

 

[240 is Back]

what was the date the Stim bill passed and became law/implemented?

Signed into law by President Barack Obama on February 17, 2009
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009


So yes, 18 months from that will be August 2010.  I will evaluate the bill for effectiveness at that point.  Anything before then would be holding a victory parade in the 3rd quarter. 

[Soul Crusher]

what was the date the Stim bill passed and became law/implemented?

Signed into law by President Barack Obama on February 17, 2009
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009


So yes, 18 months from that will be August 2010.  I will evaluate the bill for effectiveness at that point.  Anything before then would be holding a victory parade in the 3rd quarter. 

He promised at that time UE would not go above 8% correct? 

[pro nitrousADRL]

it was signed about 4 million jobs lost ago

[240 is Back]

Can you list the goals of the stimulus as stated by the Obama campaign?

Not a chart.  Obama and Biden's exact words - what they promised, and the listed goals of the stim bill.  

33, do you consider the Iraq War to have been a success?  I do.  Even though we didn't reach 100% of our goals, overall it was a success.  No complex victory achieves 100% of goals.  That is unrealistic.


So if you believe you can determine the bill to be a failure (3 months before the end date), can you at least tell us the criterion you are using to make this evaluation?  Thanks!

[Soul Crusher]

Can you list the goals of the stimulus as stated by the Obama campaign?

Not a chart.  Obama and Biden's exact words - what they promised, and the listed goals of the stim bill.  

33, do you consider the Iraq War to have been a success?  I do.  Even though we didn't reach 100% of our goals, overall it was a success.  No complex victory achieves 100% of goals.  That is unrealistic.


So if you believe you can determine the bill to be a failure (3 months before the end date), can you at least tell us the criterion you are using to make this evaluation?  Thanks!

The EXPLICIT PROMISES WERE 4 MILLION NEW JOBS 70% PRIVATE SECTOR AND UNEMPLOYMENT STAYING UNDER 8%. 


ANYTHING LESS = FAILURE. 

[pro nitrousADRL]

well he also said this would be the most transparent admin ever, also said any bill he signed would never have an earmark, but hey !!

[240 is Back]

The EXPLICIT PROMISES WERE 4 MILLION NEW JOBS 70% PRIVATE SECTOR AND UNEMPLOYMENT STAYING UNDER 8%. 

Link?



ANYTHING LESS = FAILURE. 

Soo.... Obama could create 3,999,999 new jobs, and that's a failure?

Can you name a SINGLE goal in american history which was achieved at 100%?  Any war?  Any economic policy?  Anything?  Are you calling america a failure?  Not cool.