Typical liberal double standard?

Question

Many liberals are taking the recent stock market correction and turning it into a Bush failure, saying that "now all of America is going to suffer."

But until now, you said that only the rich profit from the stock market when its increasing.

So by this logic, how will the decline affect anyone besides the rich?

goldenrae9- Actually the Great Depression was only preceded by Black Tuesday.
Most economists blame the Great Depression on the restrictive monetary implemented by the government in the 1930's.

http://answers.yahoo.com/question/index;_ylt=AozwnH9i9VEH_pH1a.TsBqvsy6IX?qid=20070301085052AAooiTN

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Answer 1

Give it a rest and grow up.

Answer 2

Has anyone noticed that the drop in the stock market was only 3%? Has anyone noticed that as of this writing that it has recovered to within 50 points? Has anyone notice that even with the lose yesterday that the Market is at an ALL TIME high, still wellover the 12,000 mark? What failure? Unemployment at a low of 4.5%, home building and Buying sky rocketed, the Manufacturing Sector way up (unusual), and "March 1, 2007The Commerce Department reported Thursday that personal incomes rose by 1 percent in January while consumer spending was up by 0.5 percent. The income advance was the largest since a 1.3 percent jump in January 2006 and both the income and spending gains were bigger than had been expected." Geez Libs get a grip! Life is good and I'm loving it!

Answer 3

We will see a much worse correction in coming years due to huge spending of the President and the Republicans. While I admire Pres Bush a lot, I know his and his Republican colleagues have increased discretionary spending over the last 12 years by 40% and the economy faces enormous recession/depression risk as tax receipts slow. While he believes tax revenue will always be strong, the reality is that the economy is obviously slowing sharply and tax receipts will also slow dramatically in coming years. And the Asians will not lend us a Trillion $ for our debt, so the government will either print worthless dollars or begin to shut down. Since the govt makes up nearly 50% of the economy, there will indeed be a severe recession/depression due to a lack of govt spending. So the President is in fact partly responsible for the recent fall as international investors are losing confidence in the US economy for these reasons and are not buying stocks. But this is nothing compared to the coming fall out. Americans don't care now but they will hurting and they will care then

Answer 4

Well, as a conservative, i can tell you this. First off, I have not heard anyone, liberal or otherwise blame Bush. Second, For many years, i have heard the wannabe conservative trolls give bush CREDIT for the market being so high. So i guess I'm not sure what you are saying. It looks to me like you are nothing more then a wannabe conservative troll yourself, and questions like these that are actually just your opinion make you look like an idiot.

Answer 5

No. It's an example of a con making something up out of whole cloth ("many liberals are saying...") and using it to accuse liberals of hypocracy.
It seems like most of the cons on this board engage in group think. The result is they can't understand how two libs can have a different opinion on an issue.

Answer 6

The recent drop in the stock market is less than 4%. It takes a much larger drop to be a true correction. In the case of those who are using this to say the economy is crashing its just their ignorant attempts to scare people because of their hatred for the President.

Answer 7

First of all liberals come from all sorts of socio-economic backgrounds. Second of all, the stock market is indicative of our economic well-being, remember the Great Depression rose out of Black Tuesday...

Answer 8

Well I am not rich, I work 9-5, and I profit and lose. Those that are too lazy to get educated and get a job are the ones claiming only the rich make money. The libs will say anything that the lazy we want free money americans want to hear if it will get them elected.

Answer 9

It is a mistake to use the normal fluctuations of the stock market as an indicator of the overall health of the economy. They typically show only slight correlation.

Answer 10

I'm far from rich and my IRAs took a huge hit. Do I blame Bush? No.

Answer 11

It affects my retirement fund which just got back to where it was before 9/11

But Bush had nothing to do with it