Comments on DOW ABOVE 9,000, HOUSING IMPROVING - ECONOMIC INDICATORS UP - OBAMA BAD?

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Re: Re: Re: Yeah Right!
I try to figure where you get your ideas.  What you are saying is that these problems just sprouted up overnight -- in the past six months -- Obams became president and, boom -- all this happened.

And it wasn't happening before he took office.

I don't think anyone expects a miracle here, just someone trying to fix what the Republicans broke.

The point I am making and that you miss is that you are saying that things are so much worse now because of Mr. Obama -- and the economic indicators don't bear you out.

What I am saying is that you are full of hot air.


posted by Xeno-x on July 29, 2009 at 8:01 PM | link to this | reply

Re: Re: Yeah Right!
16,000 new unemployed for this month which makes 570,000 unemployed, yeah, happy days are here! 2012 will come one day, I guess, and everything will still be Bush's fault to hear your party's propaganda. That is pathetic! In obama's campaign, he was going to correct everything right away! He had all the lies...err...answers back then to make all good. The "He inhertied this" crap is old now pal. He is the one behind the so-called solutions to our problems. But his solutions are only causing further harm. Wake up please! This act is old! 

posted by RedStatesMan on July 29, 2009 at 7:48 PM | link to this | reply

Re: Yeah Right!
you cite Michigan and the auto industry -- they've been hurting for some years now -- closing plants left and right -- Detroit doing what they've always been doing -- thinking they're the only game in town when they aren't.  no fault of Mr. Obama.  He's inherited this mess.  It'll take a lot to get out of it.

posted by Xeno-x on July 29, 2009 at 8:24 AM | link to this | reply

Re: Yeah Right!
all I am saying is that your doom and gloom is not so gloomy -- certain indicators fly in the face of your statements.  It doesn't take much -- and we don't need all the indicators to show that your naysaying is worthless.

And about the unemployment -- that's a trend that started long before Mr. Obama took office.  Anyone with any sense will understand that it will take a hell of a lot to undo what Herr Bush et al. and a Republican Congress gave us.  Most of this is the culmination of years of wrong decisions.


posted by Xeno-x on July 29, 2009 at 5:34 AM | link to this | reply

Yeah Right!

You seem as though you rush home every day to hope and see some sort of upswing in YOUR new socialist government that you worked so hard to promote with your years of ACORN involvement. This is a damn joke! Bank of America is closing 10% of its' banks! Does that sound like shang-gra-la? Hell no!

Michigan unemployment has skyrocketed to 15%. Overall the nation is at 9.5% unemployment. Canada is only at 8.4%. Yet your boy said he had some glorious plan to fix it all during his lie of a campaign. This damnjackass in the White House is inexperienced which I commented on numerous times before the election but you were hell bent on electing the worthless individual. You sit there hoping at any glimmer of hope to pounce on which is a joke! You have not seen the bottom yet! But you do realize that because you challenged because you are liberal.

Get a grip! I wonder what you will think when the government will determine if it is too costly to keep Xeno man alive under the new obamacare? I pray you do not get ill because YOUR man may decide you are not worthy of flipping the bill to keep you alive for kooka and your grandchildren! You call this freedom? Do you? If you do then you deserve whatever they decide!  

posted by RedStatesMan on July 28, 2009 at 9:23 PM | link to this | reply

Re: Being an economist myself, I am not content with "expert" opinion
I see you are of Teddy Roosevelt's political affiliation.  I have somewhat of an affinity toward them myself, not knowing, however enough about the Progressive Party of present to hang my own affiliation on them.

That being said, I see government money circulating through the economy as a boon.  This being on the surface similar to 1929, etc., it would seem an influx of money to increase purchasing power is an offset to a spiral into a depression.

My main point is that many of Pres. Obama's detractors point to the economy, saying that he has done a miserable job as President (having been in a mere six months).  Recent economic indicators, however, seem to throw their assumptions into a cocked hat.


posted by Xeno-x on July 28, 2009 at 2:53 PM | link to this | reply

Being an economist myself, I am not content with "expert" opinion
In point of fact, the bailout was not necessary because the original crisis could have easily solved without it.  See my solution to the mortgage crisis, which I promulgated even when this a problem of President Bush and the Republicans: http://www.carlpeterklapper.org/solution.html .  BTW, it was the policy of continuous bailouts that I have cited as certain of causing Great Depression II.  The recent stepping back of the federal government from further depletion of business credit is a cessation of that policy, so the economy has, in certain areas, stepped back from the brink.  Also, community banks have stepped up to the plate in a big way.

 

BTW, I wouldn't take that much "stock" in improvement in the DJIA since the more manipulative investment firms, such as Goldman Sachs, have a more open field now that so many small private investors have left the market.  In fact, I wouldn't touch the NYSE with a ten foot pole right now, leery of the influence of market makers.  If we start a NJSE, as I have been proposing, I would find my investments much safer from stock manipulation and fraud.

Also, if you have the ear of the President, it would still greatly help matters to bring in AEMs.

posted by cpklapper on July 28, 2009 at 11:17 AM | link to this | reply