Okay, cons, is this a lie?

Question

http://biz.yahoo.com/ap/070809/wall_street.html?.v=79

Must be, right? After all, our economy is fantastic right now, and you guys have been using the Dow as evidence.

Answer 1

I have to laugh at the cons. One day they brag about how the market is up and that is Bush's economic policies that cause it. Then when we say, okay have it your way, they come back when the market is in the toilet and say "I thought Bush libs said Bush had nothing to do with it". Are they confused or what? They are supposed to be such experts in economics. I hear it all the time. The deficit, which they conveniently have selective amnesia about, continues to climb. If the banks don't loan money, builders don't build and people don't buy houses. If people can't afford to make home improvements than hardward stores and hard working people who are in the employ of those stores and in construction get laid off due to lack of work. That causes them to miss a few mortgage payments and they default and it goes around again. If retail sales are soft it could be because of the circle effect too. Sort of like a set of dominoes set so when one falls it triggers others to do the same. No wonder people on Wall Street are scared. They should be. What a wonderful voodoo economy we have. How long is it going to take a Democratic Congress and President to clean that mess up?

Answer 2

The stock market has always had major fluctuations based upon peoples perception of different sectors of the market. Years ago it took a hit because of metals manipulation. Before that it was tech stocks. This is a recent development and it will level out before long. You are panicking prematurely. Look at the picture over months and years, not days and hours and you will get a much more complete view of the situation. Your analogy is like declaring a patient dead because his heart skipped a beat.

Answer 3

Only fools use a stock market average as an indicator of the economy's health.

This drop is mere speculation and panic because too many people sold too many bad mortgages to too many people.

I was telling people on another board this was going to happen a year ago. ARMs and balloon mortgages are Very Bad Ideas.

Answer 4

No, it's a fluctuating stock market. If you've paid any attention to the market over any period of time, you'd be used to it.

If it goes up one day, Bush supporters crow - down the next, you jump on it.


I hate to have to keep saying this, but a President's influence on the economy really is minimal.

Answer 5

the market is pretty unstable it seems over the last few weeks...

dropping a few hundred... picking up a few hundred almost daily...

they are more paranoid than usual... not a good sign either way you dice it...

but, we're not in economic free fall or anything... and a few hundred points isn't what it used to be either...

Answer 6

you are talking about a correction based ont the mortgage info from French based companies released today of course it will have an impact on the market

Answer 7

Read your own reference:

"Despite Thursday's slide, the major market indexes are still up for the week, given that stocks rose sharply the first three sessions of the week."

Also, do a little research:
http://www.zanet.co.uk/tradertom/9august2006.htm

On this day last year the Dow was 2100 points lower than it is right now.

You lose.

Answer 8

back off your microscope and look at the big picture genius. finally WORKING americans have gotten a break from the clinton authored largest tax increase in us history. by no means am i rich and i spent my two tax cut checks...but im sure being the loyal pelosi ite extremist you are you sent yours back. older americans have relief from the al gore tie breaking vote to tax social security breaking a fifty year promise to the nations elderly but im sure being the loyal liberal extremist you are you probably told the older members of your family not to use the private pre tax health account(bush authored) to save 45 percent on health care...lets just wait for hillary to screw it up..right?
i dont need the dow as evidence...ive got the clinton..."legacy" to know we werent better off before...

- The only president ever impeached on grounds of personal malfeasance
- Most number of convictions and guilty pleas by friends and associates*
- Most number of cabinet officials to come under criminal investigation
- Most number of witnesses to flee country or refuse to testify
- Most number of witnesses to die suddenly
- First president sued for sexual harassment.
- First president accused of rape.
- First first lady to come under criminal investigation
- Largest criminal plea agreement in an illegal campaign contribution case
- First president to establish a legal defense fund.
- First president to be held in contempt of court
- Greatest amount of illegal campaign contributions
- Greatest amount of illegal campaign contributions from abroad
- First president disbarred from the US Supreme Court and a state court

this isnt a good example of a leader and a progessive thinker...i and america have had enough of carpet bagger politics....john foster dulles said it best...the business of america is business and we desparately need a president who understands that and is wise from the last liberal example of the importance of keeping it zipped up and doing his job instead of the office staff.

Answer 9

Alot of people bought houses they couldn't afford. I'm sure some of you creative Dems will figure out a way to make it Bush's fault. After all when I f@rted in church the other day I blamed it on Bush and all the Dems nodded.

Answer 10

What are you going to say when it rebounds tomorrow?