Are people who work for a living grateful that the stock market is reaching record highs?

Question

Today was another record high. Are hard working people grateful, or is it simply the Republicans that can see some good comming from the Executive

Answer 1

I am hard working (a mason) and a Republican.In fact I might even be able to benefit from Democrat control as my son is disabled and I am a single parent .I simply believe we should do our best to provide for ourselves and that this is a land of opportunity.I don't have money in the market but I want those that do to do well if they can then that means a better chance for me.
Our economy is great employment is great I am at a loss as to what the new direction is.

Answer 2

The "stock market" is NOT reaching record highs -- the Dow Jones Industrial avearage is. That index only represents 60 companies, all of them huge multinational conglomerates -- and almost all of them with defense and or government contracts. That they've done well under Bush (though it took SIX YEARS for even them to get back to where they were in 2000) isn't at all surprising, their profitability was one of the main reasons for the Iraqi war.
But "the stock market" is made up of thousands and thousands of smaller companies' stocks...the indices which represent the broader market are still below 2000 levels, showing the the "stock market" still hasn't caught up to where it was back then. Also, the vast majority of "working people" don't own any stock at all, and if they do it's most likely nothing in the DJIA...so those companies being profitable mean nothing to working people, or to the economy as a whole.
You should really learn something about finance before posting silly assumptions like this...

Answer 3

To me the stock market is a scam. The dow is just 30 cherry picked stocks. The big bubble that burst in 2000 cost investors 8 trillion dollars. WCOM and ENRON wiped out thousands of peoples retirement moneys. More old people are working now than ever before due to the fact millions lost their retirement money to greedy stock market theives.

Answer 4

Most hard working people are fine with the stock market gains, However...Most hard working people do not own stock , therefore it has no relavance in their life.... so wealthy Rightwingers , just keep carrying the water and drinking and guzzling it down....
The Blue Dog democrats will give the "hard working" people something that will touch their lives...We will be doing the following :

1) increasing the middle wage:Now that is something that affects the Real american heroes...(the middle class)..We will make this president decide who's side he is really on!

2) implementing the findings of 9/11 commision.

3)We are going to initiate stem cell researchand force this president hand...Again

4) lowering interest rates on student loans for the College students...
Now that is something they can be greatful for ...All compliments of the Democratic party...Got it!

Answer 5

Most workers have a 401k savings plan even the pin head who answered above that most workers don't have enough money to play the market. He probably doesn't have a job or he would know this! LOL! I think Bush's econ. plan was genius. Our debt is being paid down 3yrs ahead of sched as well! If more people would take advantage of 401k's rather than put 24 inch 4rims on their Honda Civic it might be a lil more appreciated.To well trav. Duh! it took 6yrs cuz we had 2 of the largest disasters on our soil! To have the DOW reach all time highs is a testament to good policy. You should realize 9/11 and the false Internet bubble produced a huge wall to climb and our achievements are outstanding with such a resilient econ. And ur supposed to be well traveled....tisk tisk!

Answer 6

I have a 401k so, yes. When the stock market goes up, in most cases, so does my retirement fund, as I have an aggressive portfolio. I am not, by any stretch of the imagination, rich. Just another blue-collar grunt.

Answer 7

you anticipate the marketplace to return out of a entire soften-down and hit the best-ever record severe, that replaced into accomplished in the time of a "bubble", in basically 2 years? no longer likely. Republicans are not very sturdy at economics... are you?

Answer 8

Yeah, well, I don't think the stock market is utmost on the collective American mind.

In case you forgot, there is a bit of a war in Iraq, where brave american soldiers are getting killed.

I don't think the families of those soldiers are too concerned about the value of their 401K.

You republicans sicken me.

Answer 9

I guess they would be happy if they owned some valuable stock but what has that got to do with Republicans and "the Executive"??? What in the hell are you talking about???

Answer 10

Of course, a booming economy helps everyone. I work for a contractor and so does my husband (blue collar). This means people will build and have money to spend on improvements. (Not to mention my 401K is just giddy).