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but if it goes to 12,000 or lower, how long will it take liberals to blame him? 10-15 minutes?

2007-05-09 14:00:47 · 26 answers · asked by Billy 3 in Politics & Government Politics

unfrozen - 1929 was when the market crashed. The facts are always more interesting.
http://query.nytimes.com/gst/fullpage.html?res=9A0DE7DF1338F936A2575AC0A960948260

2007-05-09 14:19:23 · update #1

26 answers

When good President Clinton was in office, the DOW hit over $11,000, and I could buy about 10,000 gallons of gas with that $11,000.

Now that the DOW has hit $13,000, I can't even get 5,000 gallons of gas for the DOW.

So that means the DOW $13,000 Bush dollars are worth less than half of the DOW $11,000 Clinton dollars.

That also puts us all in a higher tax bracket, a TAX INCREASE.

2007-05-09 14:24:13 · answer #1 · answered by Feeling Mutual 7 · 2 6

First of Chi Guy, like it or not if the DJIA is up it does
put money in Joe Averages pocket. because the people
doing the investing allow companies to hire more people
so you are once again full of crap.

To the Idiot that asked what happened to the stock market,
you need to do some research, how about Oct. 29, 1929

Feeling
The DOW was $11,000 (dollars??) figure out what the
numbers mean, and now you can't afford gas, thank
Al Gore for selling off the governmental petroleum reserves
to Occidental Oil Company, a company his father was the
VP of and a company that is still paying him $20,000 yr
yet another Idiot that won't do any research

If the DOW hit 10,000,000 the liberals would say it was
because they have a majority in congress and if it goes
below 12,000 it will be another Bush failure.

You liberals should really do yourself a favor and do
a wee bit of checking so you don't have guys like
me pimp slapping you when you post B.S.

2007-05-09 14:31:08 · answer #2 · answered by justgetitright 7 · 3 1

I think some of the liberals answered this question far more accurately than I can or they realize. Given the situation Bush inherited, in a recession, the 9/11 attacks hurting our economy & extremely tight petroleum supplies & refining capacity, the performance of the economy is nothing short of spectacular. What I didn't see mentioned in any of the previous answers is the effect of President Bush's tax cuts. They have & are continuing to work & work extremely well.

If the Dow should drop below 12,000 it will not take the liberals even 10-15 picoseconds to blame him.

2007-05-09 16:16:30 · answer #3 · answered by yupchagee 7 · 3 1

The libelas just tried to make that happen not too long ago - I actually heard in the news how they were saying the stock market was SO bad - and the ecenomy was in the toilet, but the reality was that the stock market was at an all-tim high that very same day.
They'll say anything to make it look good for them and bad for Bush.

2007-05-10 01:33:43 · answer #4 · answered by Roland'sMommy 6 · 2 0

Liberals blame Bush for everything, from hurricanes to tornadoes, to the failure of Clinton to stop saddam from supporting terror to Clinton's inability to force the US senant to ratify Kyoto. At the same time any successful Bush policies such as the tax cuts that brought this country out of economic stagnation caused mainly by Clinton's inability to kill or capture ossama bin ladin are painted as give aways to the rich. No Bush will never get the credit he has coming from liberals but history will correct that

2007-05-10 02:46:06 · answer #5 · answered by espreses@sbcglobal.net 6 · 1 0

You are kidding right. when would a little socialist ever give credit for a capitalist succeeding.

And you are again correct, when is slides back as it always does, the little commies will blame bush.

You know, you would think they could come up with something else every once and awhile.

2007-05-09 16:08:45 · answer #6 · answered by rmagedon 6 · 2 0

What would Bush have to do with either scenario? The DOW is a diversified picture of 30 companies in the US. I would doubt that he could even spell DOW. You people seem so baffled by this all. The stock market will function as a separate entity in spite of who is in the White House or who controls the Congress. This is probably the biggest sleight of hand trick performed today, on a daily basis. Go ask your financial adviser how you can invest in any of the major crude oil import companies, or any of the oil refinery companies. I'll bet he pushes you off on a health/pharmaceutical/bio tech company. As far as the DOW reaching even 13,000, it's such a bu****** number. The 30 stocks that now comprise the DOW Jones Average is not the same 30 stocks that comprised the DOW Jones Average 6 years ago. And they talk about record numbers. The only record number is the number of idiots that actually swallow that information.

2007-05-09 14:07:27 · answer #7 · answered by toughnottobeacynic 7 · 5 6

Actually chi, the stock market does put money in the pocket of the small guy and middle class. It's from 401k's, and retirement funds.

2007-05-09 14:26:25 · answer #8 · answered by Anonymous · 3 0

If my recollections is right I remember Clinton got credit for the great economy. George bush numbers are all better than Clinton's except for the deficit. but I think you forget who runs the media.

2007-05-09 15:48:34 · answer #9 · answered by Ynot! 6 · 4 0

First the President has a great deal to do with the economy which drives the stock market.

No. If we'd gotten an average market performance in the 6+ years Bush has been in office the Dow would be over 17,000.

2007-05-09 14:09:59 · answer #10 · answered by Anonymous · 2 6

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