After nearly 7 years of great economic growth, are Liberals cheering the fact the stock market dropped?

Question

They were right! Bush IS destroying the economy! How much did Michael Moore lose? We know how heavily he invests in non organized industries.

Answer 1

If they are, their cheers are premature at best. The market is fluid. It rises and it falls. Sometimes those falls are steep, as it was yesterday. Investors are not stupid people. Many (myself included) will see this as a Blue Light Special writ large. I know I'll be buying a few issues on the cheap once the market opens this morning.

Answer 2

Wall Street is doing GREAT.
Big Business is doing GREAT.
Anything or anybody connected with Big Oil, the Military Industrial Complex, Defense is doing GREAT.

The REST of the country, however, is NOT.
No matter HOW loudly you scream:

$8,713,712,580,137.67
— US debt as of February 8, 2007
* * * Nine Trillion * * *

The National Debt increased $2.46 billion per day since September 30, 2005!

Between January 2001 and July 2004, the portion of the U.S. debt privately held by non-U.S. citizens rose from 30% to 42%.
Private debt has continued to increase since — financing the entire budget deficit for fiscal year 2005.

Foreign debt holdings have continued to increase in 2006
The trade deficit is on track to set a record for a fifth consecutive year, running at an annual rate through August of $784.2 billion, 9.4 percent higher than last year's $716.7 billion record.


Government debt has increased 25% in less than four years.
In four years, U.S. debt has increased more than two trillion U.S. dollars — $2,000,000,000,000.00

The estimated population of the United States 2006 is around 300,000,000 people. The government's obligations, current liabilities and unfunded commitments are more than $43 trillion and rising. As the Government Accountability Office suggests, the estimated net worth of all American families is about $47 trillion, and 90 percent of that would be required to cover current obligations.



LET ME REPEAT THAT:
"estimated net worth of all American families is about $47 trillion, and 90 percent of that would be required to cover current obligations."

http://www.thewe.cc/contents/more/archive/us_debt.html

Answer 3

I sincerely doubt it. Most of them have major stock investments too however; the market has been apprx 10% overvalued now for months. Adustments have to occur eventually, just like in the Real Estate market this past winter

Answer 4

What do you consider great growth? When Bush took office, the DJIA was 11500. Seven tears later, its only 12400. That's hardly any growth at all. During Clinton's 8 years, the DJIA increased over 9000 points.
The only growth that has been going on since Bush took office is the federal deficit.
BTW. I am not a liberal. I am a fiscal conservative who thinks Bush is a financial disaster.

Answer 5

So you don't think liberals have 401K's...get real. Not to mention the economy has been held up artificially but borrowing huge amounts of money from China, Mexico and many more. So much for your economic growth it came at the expense of our children. Alan Greenspan knew when to jump ship..

Answer 6

I am sad to say yes to this question. There is no doubt that what passes for liberals these days root for any calamity that could befall the country as long as it can be blamed on the Republicans and result in an increase of their own power.

Answer 7

Sorry there were other signs pointing to a recession. Not just the stock market!!

Answer 8

Are you on drugs? The first five years of this president's reign was economic stagnation. He had one year of growth.

Answer 9

They just got a little money out before the Dems raise taxes,so relax.

Answer 10

There are a LOT of soiled liberal pants this morning, giddy with glee.