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winter is coming

(11,785 posts)

20. First, I'm calling bullshit on this statement...

Fri Jul 4, 2014, 07:21 PM

Jul 2014

"The truth – and I know I keep repeating it – is that if any white president had accomplished Obama’s record on the stock market alone, let alone the rest of the recovery, they would be well on their way to be canonized as a bona fide American saint."

My opinion of how the economy's doing and how the President's handled it are related to which financial advisers he's chose to listen to. It's got jack shit to do with his race. And yes, I fully realize he inherited a stinker of situation and is trying to make the best of a bad job. I just wish he'd chosen to listen to economists who are focused on the little people instead of Wall Street.

Second, woohoo, a bull economy. There was a time when "bull economy" translated into "prosperity for all". Those days are gone, so you'll excuse me if I don't jump for joy. For those of us with no jobs, no health insurance, and no realistic expectation of getting either in the foreseeable future, the happy talk falls very flat. Upbeat news stories don't pay the bills.

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Not Just A Bull Market, Obama Recovery Points To A Strong Bull Economy [View all] sheshe2 Jul 2014 OP

K/R. (nt) NYC_SKP Jul 2014 #1

hear, hear!!! Stellar Jul 2014 #2

Actually. The stock market's leap is in part due to the fact that bank interest rates are so JDPriestly Jul 2014 #3

The Stock Market success is wonderful for the 1%, but means little for the lower classes. rhett o rick Jul 2014 #5

While I agree to a point Sherman A1 Jul 2014 #21

It only is good if you are lucky to get in low and out high. I think it averages out with rhett o rick Jul 2014 #61

Had I retired in the 90's I too would have taken a beating Sherman A1 Jul 2014 #74

+2 woo me with science Jul 2014 #58

Unless you are in a lower economic class ... 1StrongBlackMan Jul 2014 #77

But where are the jobs? I'm still waiting. rickyhall Jul 2014 #4

In China and Viet Nam. Yeah, trade agreements. nm rhett o rick Jul 2014 #6

This message was self-deleted by its author 1000words Jul 2014 #7

Any gain in employment is laudable, but what are those gains? bluesbassman Jul 2014 #8

this is the new (permanent) normal. get used to it. Doctor_J Jul 2014 #28

It's even more disturbing when you drill into the numbers. bluesbassman Jul 2014 #32

Which if it cones out, will be credited to austerity Bickle Jul 2014 #9

The last indicators that are valuable defacto7 Jul 2014 #10

+1 nomorenomore08 Jul 2014 #68

agree. defacto7 Jul 2014 #71

Well that didn't take long Andy823 Jul 2014 #11

Bravo. IrishAyes Jul 2014 #18

Pointing out that the "recovery" is heavily tilted toward corporate interests is fact. bluesbassman Jul 2014 #26

So Andy823 Jul 2014 #33

Sure things are better, but better for whom? bluesbassman Jul 2014 #44

So President Obama has done nothing good? Andy823 Jul 2014 #49

Sure he's done good things, and I'll applaud when it's warranted. bluesbassman Jul 2014 #50

I knew what you meant. But apparently some have a problem calling a weak recovery a weak recovery. nomorenomore08 Jul 2014 #69

And some Andy823 Jul 2014 #76

True. n/t nomorenomore08 Jul 2014 #83

So tell me something Andy823 Jul 2014 #75

Well said Andy and I thank you for that. sheshe2 Jul 2014 #29

One thing I notice Andy823 Jul 2014 #78

It's DU. Market's up, wur doomed. Market's down, wur doomed. Flu virus research? WUR DOOMED! Warren DeMontague Jul 2014 #56

Yes, what's your point? nm rhett o rick Jul 2014 #62

Just a guess here Andy823 Jul 2014 #79

Your thoughts are about how everyone else feels. How do you feel? Are you satisfied rhett o rick Jul 2014 #80

Doom and Gloom in other words Andy823 Jul 2014 #81

Aaaah Warren, sheshe2 Jul 2014 #70

Yes, Thanks Obama! Course now the rw kochbaggers don't like Strong Bull Markets. Cha Jul 2014 #12

LOL~ sheshe2 Jul 2014 #15

I don't know how much Obama wants to own that statement Boom Sound 416 Jul 2014 #13

Guess you did not bother to follow any of the links... sheshe2 Jul 2014 #14

You'd guess wrong, had you guessed Boom Sound 416 Jul 2014 #17

speaking from my own experience. airplaneman Jul 2014 #16

My experience hasn't been bad bhikkhu Jul 2014 #23

Good for you goldent Jul 2014 #38

Its actually nice - 15% subsidy, but it goes to an etrade acount and no restrictions on selling bhikkhu Jul 2014 #59

That's the same deal we had - 15% discount goldent Jul 2014 #66

My 401k balance tanked in 2008 also goldent Jul 2014 #36

... napkinz Jul 2014 #19

First, I'm calling bullshit on this statement... winter is coming Jul 2014 #20

I know statistics is cold comfort if your own situation isn't improving bhikkhu Jul 2014 #27

The race card is getting played frequently these days. Doctor_J Jul 2014 #35

+1 The pre-emptive attempt to smear those who correct the spin here woo me with science Jul 2014 #55

"The race card is getting played frequently these days." slipslidingaway Jul 2014 #65

The Stock Market Is Not Main Street - Main Street Still Suffers While Wall Street Flourishes cantbeserious Jul 2014 #22

53% of Americans have no stock inverstments. progressoid Jul 2014 #24

Made of free money printed for the banks Boom Sound 416 Jul 2014 #30

How many regular people have 401's sheshe2 Jul 2014 #31

I have a very healthy 401K mcar Jul 2014 #39

Good for you mcar on the 401. sheshe2 Jul 2014 #57

most of the new jobs are in fast food and part time. Doctor_J Jul 2014 #40

I don't know any data that says most of the new jobs are in fast foods. sheshe2 Jul 2014 #43

here: progressoid Jul 2014 #67

less than half. progressoid Jul 2014 #42

The economy has never been better MannyGoldstein Jul 2014 #25

Wow, I read the Harpers Article. I did not know pam4water Jul 2014 #63

Manny, let's be honest here. sheshe2 Jul 2014 #72

Great link newblewtoo Jul 2014 #82

K&R mcar Jul 2014 #34

No truer words written madokie Jul 2014 #37

if a Republican were president, the media would be calling it "Morning in America II" napkinz Jul 2014 #41

So true napkinz... sheshe2 Jul 2014 #45

No doubt - it would be the amazing "Romney Recovery" right now bhikkhu Jul 2014 #60

Bill Clinton presided over a much stronger economy Enrique Jul 2014 #52

Thank you madokie. sheshe2 Jul 2014 #73

Bull Market predicted thru 2016... link tomm2thumbs Jul 2014 #46

OH please the market is up because all the income is going to the top 1% and they have nothing else pam4water Jul 2014 #47

A 30-year bipartisan war against the 99% MannyGoldstein Jul 2014 #48

Thank you Thespian2 Jul 2014 #51

+3 woo me with science Jul 2014 #54

:) pam4water Jul 2014 #64

K & R Iliyah Jul 2014 #53