How long until we hit 13,000? I guess this is just another sign of this struggling economy that Bush and the Republican-controlled Congress has created.
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We must be the change we wish to see in the world -- Ghandi
http://www.rightminded.net
I personally do not give much credit to a president or congress when it comes to the economy, tell me what Clinton did that led to the stock market hitting record highs while he was in office?
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The Tazman aka Martin Price
Proud father of a Devil Dog
I haven't given Bush credit for the state of the stock market or the state of the economy. However, the left not only blamed Bush for the recession at the turn of the century, but also continues to try to paint a bleak economic picture, when in reality, the economy is very stable, and while some economic indicators are a little shaky, others are very strong and show signs of continued growth. I'm not saying that Bush and Congress have done anything to fuel the economic growth (although we can make a strong argument that the tax cuts were a contributing factor to turning around the recession). But clearly the left's argument that the Bushes and the Republicans are BAD for the economy is an argument that doesn't hold water.
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We must be the change we wish to see in the world -- Ghandi
http://www.rightminded.net
ben I have a very strong feeling that the war has stimulated the economy far more then the tax cuts have, I am not saying thetax cuts have not provided a stimulus to the economy, but no where near the stimulation the war has. War has always been good for the American economy sadly.
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The Tazman aka Martin Price
Proud father of a Devil Dog
Great points Ben. I was listening to some commentary last night, and the media is downplaying the economy.One fellow was making a comparison from a big newspaper headline. I forget the exact phrase, but it was something like "Stock Market soars, while others are left behind". As a contrast, the same paper, when the stock market set a record under Clinton, said something like "New Stock Market Record Spreads the Prosperity".
I don't think the POTUS can snap his fingers and make the market go up or down, but I do think that the state of the union is affected by Congress and the President, which will have an effect on stocks sooner or later. I'm no stock broker, and really don't understand just what makes it tick, but logic tells me that when the economy is in the dumper, the market won't set a new record.
Chad
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"We can have no '50-50' allegiance in this country. Either a man is an American and nothing else, or he is not an American at all."-- Theodore Roosevelt
A wise man's heart is at his right hand; but a fool's heart at his left. Ecclesiasties 10:2
The last four letters in American..........I Can
The last four letters in Republican........I Can
The last four letters in Democrats.........Rats
So, the war and tax cuts are contributing to the economy. But, Bush gets no credit? How does that work? I thought the war was all Bush's fault. And, the tax cuts were part of his agenda...
The market is up, but I worry about how long. This last month, there were a few signs inflation was starting to rise, even with the huge fall in petroleum prices.
My concern is we are enjoying it on borrowed time. If we payed taxes on the full amount of government spending, each taxpayer would have to work until July 17th or somewhere around there to cover government spending. Taxes aren't anywhere close to covering the bill. And at some point, we will have to account for that debt, and when we do..........[]
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You may beat the rap, but you won't beat the ride!
dude, you should get one of them porta-potty jobbies, you know, poop ina bio-bag fold-up kind? Works great in the woods were the internet is rarely found...
DOW above 12,000
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