Last week Republicans declared victory over the economy, the Dow has since dropped 800 points, care to comment

Question

Is this a repeat of Iraq, the Republicans declare victory then ignore the reality?

A bigger group of delluded fools there couldn't be.

Answer 1

Just another example of their scary stupidity and incredible hubris.

Brilliant answer Showtunes, I too have thought the economy was replicating the 20"s with the imbalance of business and labor glad to know I was thinking right.

Answer 2

Obviously they dont know history and are prefering to hide their heads in the sand instead of looking at what theyre causing.

Yes, we've had record leaps, but also record drops. This happened one other major time in history-in fact the economy was about the same then as it is now---the 1920's. Unrestrained economic growth due in part to exploitation of workers (then usually slavic immigrants, today illegals who are typically hispanic).

The constant high dollar ups and downs are evidence of major instability in the market. Instability will become stable, but most likely it will become stable the same way it did last time-a huge drop that is virtually impossible recover from.

We had the largest drop in stock market history a few months ago-has everyone forgotten about that? We had constant drops for every record high-is that ignored? China single handidly made our market (and the markets of the rest of the world) drop to record lows in a single day, they were the only market to recover within a week-is that ignored also? Yes the final straw is going to be different (probably China instead of a Kennedy dumping stock so he can buy it back at a lower price), but the destination is the same, and it isnt good by any stretch of the imagination. However the GOP will be out of office before it happens though, so they will be able to easily pin it on the DNC if they play their cards right.

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Scotty-for the most part I agree that the parties have little direct influence on the market, however the GOP's current influence over business (mostly by allowing the balance of power to shift almost totally to business and away from labor) sets up the market for significant problems. You cant just allow them to do whatever they want while heavily restricting the powers of labor-that is not capitalism or a free market, and most importantly it is not stable!

Answer 3

I think you should probably educate yourself a little more before jumping to conclusions such as the one in your question.

The Dow Jones Industrial Average ("the Dow") is an index of thirty companies on the New York Stock Exchange. It is ONLY 30 companies.

The Dow dropped 800 points. I contributed to that by selling off some of my shares of Disney yesterday, taking a nice tidy profit off some shares I purchased shortly after Sept. 11, 2001, when the stock hit a record low.

Despite the drop of 800 points, the DJIA is in positive territory for the week.

The market will fluctuate as people decide when to buy and sell their stocks. This will happen always, regardless of which party is in power. I wish both parties would stop claiming credit or assigning blame for the way the independent free market works.

Answer 4

Sure ... I care to comment.

The stock market has CONSISTENTLY had RECORD BREAKING increases through the Bush years. The stock market WILL take these NECESSARY, HEALTHY ADJUSTMENTS in such times of GROWTH.

How come the Dems couldn't increase the DOW at record levels? Care to comment?

Answer 5

It's also broken the highest record ever recorded 31 times since Jan. 2007.

What's your point?

Answer 6

That's because Cons count their chicks before the eggs hatch, and later they just look like fools and pretend they didn't say anything.

Answer 7

Well it's probably because the democrats are actually running the stock market. That's why it's down.

Answer 8

Republican platform