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Related: About this forumGeorge II
(67,782 posts)Clinton's administration started at 3,301; ended at 10,646 +7,345 points
bush's administration started at 10,646; ended at 8,077 -2,568 points
Obama's administration started at 8,077; now at ~ 17,100 +9,023 points
Failed economy my ass!
geardaddy
(24,926 posts)More money for the 1%
JDPriestly
(57,936 posts)Wages are the test of the economy. The stock market reflects a lot of things, but not the health of the real economy. When the long-term unemployed get jobs, then we can start bragging about our economy. When a mother of two pre-school children can earn enough from her job to pay for top-quality day-care, then we can brag about our economy.
When interest rates go up a bit, then we can talk about a healthy economy. This economy is being goosed by the Fed. That pushes money that would normally be invested in other things into the stock market.
The Clinton boom was based on unrealistic exuberance too. Rich people hope to make lots and lots of money and invest in the stock market. Meanwhile, businesses trying to attract more buyers for their stock lay off employees. That is not a healthy economy. It is a repeat of the boom and bust cycle.
Spitfire of ATJ
(32,723 posts)He SHOULD have been a fan of the Bond Market.
He was a creature of the 70s when inflation was all the rage and he was still fighting that war but he bought the Reagan Era LIE that inflation was all Carter's fault. It really started under Nixon and ran through the Ford years with Carter ending it just in time for Reagan to take credit. You could tell that he bought the whole "tax and spend Liberal" crap.
Clinton and Obama's measure of success is to show the rich they can be richer with Democrats than Republicans.
The rest of us are supposed to be their cheerleaders for that goal.
Because what makes America great is we have the richest rich people in the world.
lastlib
(23,155 posts)...via his appointment of Paul Volcker to head the Fed. Yes, it was painful, the way Volcker tightened the screws on money supply, but absolutely necessary to tame inflation. We might not have been headed toward Zimbabwe-style inflation, but it was threatening to do serious harm to us on many fronts.
Spitfire of ATJ
(32,723 posts).....it was like he was telling the world the dollar was worthless.
MannyGoldstein
(34,589 posts)Cost savings (layoffs, offshoring) and cheap money (Fed).
iandhr
(6,852 posts)MannyGoldstein
(34,589 posts)under Clinton, Bush, and Obama.
Incredibly well.
The top 1% own about 40% of the stock market, the next 9% about another 40%. It's been a fantastic ride for them.
hibbing
(10,094 posts)What a crock, those people that call him that could not even define any of those.
We are all reminded of the horrors of the idiot son ever day, rather it be the economy or the death, destruction and mayhem in the Middle East.
Peace
Scuba
(53,475 posts)underpants
(182,621 posts)That a major carrier ( that we all know) is at "full capacity" - all truck runs are full. No place to even sell more space on the freight vehicles.
SpankMe
(2,957 posts)I listen to SiriusXM satellite radio all the time, and I've noticed a large number of commercials advertising/recruiting for truck drivers and teams. The frequency of these commercials increased starting about 4 years ago.
These companies sound desperate to hire.
It's a tough job, though. I respect these long haul truckers. The trucking and ground transportation part of the gross supply chain is truly the main vertebrate in the backbone of the economy.
underpants
(182,621 posts)Especially long haul. The company I was speaking of has their own drivers so any shortage in the industry really doesn't affect them much. They do hire some independents but not that much. They are just sold out right now at this time.
truedelphi
(32,324 posts)A gazillion jobs outsourced, some 29 wars being perpetuated with American monies and weaponry, 8 to 12 million homeowners foreclosed upon, and a rampant prison industry that puts poor people in jail for failing to pay court fines or for smoking a little weed.
[h2][font color=red]YOU GO -- S & P! You Go![/h2][/font color=red]
I also sit here wondering if the decision to spend a gazillion dollars on the F 135, a piece of weaponry even the heads of Armed Services do not want, and that will cost more than an amount it would take to put 30 million college students through 4 years of college, helped push the S & P into the record numbers!
George II
(67,782 posts)progressoid
(49,947 posts)Most of us only have clouds.
So, great, the rich get richer. Can't wait for this to trickle down to us. Any day now that trickle down thing will kick in. Any day now...
trumad
(41,692 posts)I suppose the knucklehead Anti-Obama clan would prefer if the S&P was still in the toilet.
whereisjustice
(2,941 posts)every day is a day off for about 90,000,000 because the profits from jobs sent to India and China and rest of Asia get funneled right into the pockets of a handful of CEO plutocrats.
So let's call it damned if you don't.
trumad
(41,692 posts)The straw burns heavy from your Man.
geretogo
(1,281 posts)sabotage it ? Of course the middle class would still be disappearing .
SoapBox
(18,791 posts)I can't even imagine that horror movie!
geretogo
(1,281 posts)the House and Senate .
MNBrewer
(8,462 posts)truedelphi
(32,324 posts)Which losses ground every damn day.
And its loss to society could have been prevented:
http://www.businessinsider.com/r-obama-could-curb-corporate-inversions-on-his-own-ex-us-official-2014-28
raouldukelives
(5,178 posts)People act like assisting Chevron, Lockheed, Pfizer & Dow and becoming a partial owner of them is a good thing. Good for themselves I guess in a small way. But certainly not in any long range, create a better world and a better life for our children kind of way. Which I kind of thought was the whole point of being a liberal and by extension being a Democrat. Not providing funds for our enemies privately while boasting of support for the environment, the middle class, the oppressed and the weak openly.
We need to toss some money changers out of our temples while they still mean something.
truedelphi
(32,324 posts)Changers out on their butts, any time night or day.
Rex
(65,616 posts)Repukes destroy, Dems build. Repukes are horrible with the economy, Dems are great with the economy.
Anyone that says otherwise, ignores CLEAR PROOF over decades of evidence. Then again GOPukers do love to live in denial.
BrainiacV
(1 post)You have to admit that Republicans are good at looting the economy.
Anyone remember the S&L's?
Rex
(65,616 posts)all stealing back in the day of the saving and loan scandals! Of course nothing happened to them then, I wonder if that was when they realized they could do anything they wanted to and not worry about the law?
Welcome to DU!
SoapBox
(18,791 posts)and how bad Pukes really are.
GeoWilliam750
(2,521 posts)SoapBox
(18,791 posts)True Blue Door
(2,969 posts)Democratic Presidents are directly responsible when the stock market goes down, but have nothing whatsoever to do with it when the market goes up.
Republican (chuckle) "Presidents" are directly responsible when the stock market goes up, but have nothing whatsoever to do with it when the market goes down.
Econ 101*, stupid!
(*as taught in Texas charter schools)
liberal N proud
(60,332 posts)True Blue Door
(2,969 posts)Yo_Mama_Been_Loggin
(107,741 posts)Jamaal510
(10,893 posts)one has to wonder how Democrats don't have more support from the rich than they do now. Under Democratic administrations, it's basically like a tidal wave where all classes historically get lifted up and even the stocks start booming. It's time for Democrats to take the message away from Republicans that they're the party of prosperity, just like how they've done with having a competent foreign policy.
lastlib
(23,155 posts)Cha
(296,848 posts)fucking bush.
samsingh
(17,590 posts)prosperity happens under Democratic Presidents
repugs come in to take it away and give it to the top 1% of the top 1%
JackRiddler
(24,979 posts)Fuck Wall Street. Fuck the 1% who own the majority of interest in the banks, the holding companies, the multi-death corporations, the "philanthropic" foundations, the FIRE sector. Fuck capitalism.
What is the development of the GINI coefficient? For the U.S.? For the world?
What about the Human Development Index, how has that gone? How about the attempts at a "happiness" index, how do those look?
Tell us about student debt, the amount spent on education, the rate of imprisonment. Tell us about the median wage. Those say something about how the people are doing. The S&P is mainly a measure of how much money is going to the motherfucking rich who think they're entitled to own the world.
What about the pollution, has that gone down? Are there fewer bombs? Are there fewer dead children in the rubble, killed by bombs made by U.S. corporations?
How many wars are being waged? How many bases does this empire maintain? How much money is going into the MIC and "Top Secret America"? How many crimes are committed on behalf of this state?
A billionaire is by definition a gangster, a warlord, a monopolist, a beneficiary of mass murder. Has the number of this class been diminished? Obviously not.
How many prisoners in Guantanamo? How many missiles flew?
Fuck capitalism. Fuck war. Fuck the S&P.