Back To The Promised Land!

[Teatownclown]

Kudos POTUS OBAMA!

How could anyone argue with the fact that the President got us back from the abyss?

Dow surges to record highs as rally continues
http://news.yahoo.com/stock-index-futures-signal-early-gains-103258293--finance.html

[Gaspar]

I approve of what's happened in the financial markets, but I would hold you celebration of dear leader.  The markets are reacting to a number of variables, most due to a combination of President Obama's inability to move his agenda, and the fed holding down intrest rates.  There is nowhere else to invest but the market, and I freekin love that!  Bonds have become worth less than the paper they are printed on.  It's a big bubble, but it's very visible with the prime indicator is intrest rates.  Any change in rates will signal the end of this run. 

With no promise of a budget, and an even less likely chance that if a budget is announced it will ever get the votes in the senate to pass, the market is feeling some certainty for the first time in 4 years.  Had the president been successful in pushing his agenda to increase taxes on the filthy dirty rich, you would see a very different picture.  Had he been successful in passing the new programs and regulations in his 2011 budget framework thingy that the senate laughed off, you would also see a very different picture.

If being a poor leader mired in gridlock because of an inability to move congress FORWARD on any agenda is the road to "The Promised Land", then i'm all for it!

[carltonplace]

We the people are to blame for the gridlock in congress...not the president.

[heironymouspasparagus]

Had the president been successful in pushing his agenda to increase taxes on the filthy dirty rich, you would see a very different picture.  Had he been successful in passing the new programs and regulations in his 2011 budget framework thingy that the senate laughed off, you would also see a very different picture.

Pssst....you better go check with the other guys you normally are so thrilled about - Boner and company are saying he DID get his agenda through on hiking taxes....at the very least, you all should be reading from the same page of The Script....


And the reason stocks are going up is because the economy continues to grow.  As shown every month for the last 4+ years.  And companies are doing better and better.  Well, except for Red's - his appears to be stuck in 2008 for some reason....

[Conan71]

I was waiting for the congratulatory post for POTUS Obama and was making mental bets on who would post it first.

Just curious if those heaping high praises on President Obama today for the record Dow high were singing the praises of President Bush on its previous record high in October of 2007?  Somehow I doubt it.

[Conan71]

Pssst....you better go check with the other guys you normally are so thrilled about - Boner and company are saying he DID get his agenda through on hiking taxes....at the very least, you all should be reading from the same page of The Script....


And the reason stocks are going up is because the economy continues to grow.  As shown every month for the last 4+ years.  And companies are doing better and better.  Well, except for Red's - his appears to be stuck in 2008 for some reason....

Profits are better, and investors are doing great.  But that rings hollow with the hardcore unemployed considering there are 8.5 million jobs which have vaporized over the last 4-5 years.

[carltonplace]

Unemployment will bump up again with the estimated 850,000 sequestered government and contractor jobs losses.

[Hoss]

Unemployment will bump up again with the estimated 850,000 sequestered government and contractor jobs losses.

But isn't smaller government what the (R) crowd wants?  Then they should own at least that part of the UE numbers.

[Townsend]

But isn't smaller government what the (R) crowd wants?  Then they should own at least that part of the UE numbers.

Neither side wants anything unless it means re-election.  The "(R) crowd" doesn't want this.

[Conan71]

Unemployment will bump up again with the estimated 850,000 sequestered government and contractor jobs losses.

There is absolutely no reason for 850,000 "estimated" job losses considering this is a cut in the rate of spending due to base-line budgeting not a cut from the last fiscal year's spending levels which comfortably employed those people.  The sequester only represents cuts to increases for this year's budget.

I have to say this is well-played by the administration so they can try to pin a non-existant calamity on the GOP and attempt to wrest control of The House in 2014.

[heironymouspasparagus]

Profits are better, and investors are doing great.  But that rings hollow with the hardcore unemployed considering there are 8.5 million jobs which have vaporized over the last 4-5 years.

And if you go back 30 years, there a many times that lost due to our policy of outsourcing everything.  Oil has been a fungible commodity for probably 70 or 80 years.  Now people are for the last 30 or so.

When looking at the makeup of those unemployed, they are essentially all the lower paid, reduced training jobs, typically in manufacturing that we have outsourced so vigorously.  The unemployment of college educated overall stayed below 5% for the entire last recession.  That means those 10 -15 dollar an hour job level are likely running 10 t0 15% still today.

For better or worse, jobs in this country require more training, whether engineer or plumber or welder or air conditioner repair.  ALL of those use technology that wasn't available or required 20 years ago.

And we still have a 25% + high school dropout rate in this country.  That disconnect is what is killing us.

[Teatownclown]

I was waiting for the congratulatory post for POTUS Obama and was making mental bets on who would post it first.

Just curious if those heaping high praises on President Obama today for the record Dow high were singing the praises of President Bush on its previous record high in October of 2007?  Somehow I doubt it.

Quit listening to those voices in your head. The only bubble besides Oct. 07 is your head.

Job losses are directly correlated to the Bushwhacking economy fail.

Stabilizing the banks came first. This Resurrection is just beginning.

[Conan71]

Quit listening to those voices in your head. The only bubble besides Oct. 07 is your head.

Job losses are directly correlated to the Bushwhacking economy fail.

Stabilizing the banks came first. This Resurrection is just beginning.

You are a funny little clown!

[nathanm]

There is absolutely no reason for 850,000 "estimated" job losses considering this is a cut in the rate of spending due to base-line budgeting not a cut from the last fiscal year's spending levels which comfortably employed those people.  The sequester only represents cuts to increases for this year's budget.

You do realize that the federal government spent less in FY2012 than it did in FY2011, and with the sequester we are on track to spend less in FY2013 than we did in FY2012, and even less in FY2014 than FY2013. Assuming Congress doesn't change the law, anyway.

[TulsaRufnex]

Dow surges to record highs as rally continues
http://news.yahoo.com/stock-index-futures-signal-early-gains-103258293--finance.html