2007-02-15 08:59:15 · 28 answers · asked by Feeling Mutual 7 in Politics & Government ➔ Politics
Or is because we have a GOP President?
2007-02-15 09:02:33 · answer #1 · answered by kingstubborn 6 · 4⤊ 1⤋
The DOW was at a record high before the Dems majority in congress.
2007-02-15 09:07:59 · answer #2 · answered by Jay 5 · 1⤊ 1⤋
No the record trend started well before the Dem congress. War in Iraq helps some market shares while tax cuts helps others. It is due to the way things have happened over the last 6 or so years. Yes Bush has helped the economy.
2007-02-15 09:04:25 · answer #3 · answered by joevette 6 · 0⤊ 0⤋
Sorry, but I *had* to laugh when I read this...right before the 2006 elections, whenever a conservative on YA would point out that the Dow was doing so well, libs immediatly jumped down their throats, insisting that the Dow is *not* a good indicator of economic health. Now that the left has the majority, suddenly, their minds have changed.
2007-02-15 09:13:59 · answer #4 · answered by Jadis 6 · 3⤊ 1⤋
No more than the record Dows we experienced the past few years were the result of having a Republican Congress... so nope.
2007-02-15 09:03:29 · answer #5 · answered by theearlybirdy 4 · 1⤊ 0⤋
No. The Market always looks forward 6-9 months to what it perceives the economic situation will be. So it sees a better (expanding) economy, little chance of crushing interest rate increases, plus the perception that whatever mess we have in Iraq will improve in the next 6 to 9 months.
BTW the market tends to want a Republican to win the Presidential election (seen as better for business, or should I say less negative) but actually the Market does better in the two years after a Democrat wins. Go figure!
2007-02-15 09:07:10 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I doubt it. Many factors go into the Dow's ups and downs, mainly the state of the economy, how the biggest businesses are doing, etc.
Dems traditionally dislike corporations so, if anything, the Dow would be falling if Dems were the cause.
2007-02-15 09:03:13 · answer #7 · answered by C = JD 5 · 1⤊ 0⤋
Heck no! The record highs are the result of the tax cuts implemented afer 9/11. These tax cuts allowed more business people to start a business and be successful entrepreneurs, after which many became successful, and this is good for the economy.
The Liberals who won want to reverse course on this, raise taxes, spend more money on enlarging government, and put forth repressive "Global warming" standards on industry. This will likely cause a recession in time, and will bump us out of our position as superpower to be replaced by China.
If you dispute what I say about tax cuts, they have worked every time enacted, which they were by John F Kennedy, Ronald Reagan, and GW Bush. Check it out;)
2007-02-15 09:08:51 · answer #8 · answered by Eric K 5 · 2⤊ 0⤋
No.
1990s: Democratic President, Republican Congress, High Dow
2007: Republican President, Democratic Congress, High Dow.
So neither of the idiot political parties can claim the credit. Ours is a consumer driven economy.
2007-02-15 09:11:43 · answer #9 · answered by clayp72 3 · 0⤊ 1⤋
The Dow was already gaining. Of course, it moves reaaal slowly these days compared to Before Bush.
But then again, it hasn't stopped growing, despite a democratic congress.
2007-02-15 09:08:10 · answer #10 · answered by romulusnr 5 · 1⤊ 1⤋
No, the dow has been doing this for the past 6 years. It is still running off what Reagan did when he was in office and has NOTHING to do with ANYBODY else.
2007-02-15 09:07:07 · answer #11 · answered by Anonymous · 0⤊ 1⤋