Proof That The Bush Economy Is Even Great For Dems

[Conan71]

"...Mollohan's personal fortunes soared. From 2000 to 2004, his assets grew from no more than $565,000 to at least $6.3 million."

http://www.washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051401032.html

[aoxamaxoa]

Anyone catch todays giant headline on the front page in the TulsaWorld about the dow reaching 12,000.

Woweee....2 years late. But it is election time. Doonesbury is more tuthful and honest than the world editors.....

[iplaw]

Oh yeah.  I forgot that Bush controls the stock market too.

[aoxamaxoa]

More Homeowners Going Into Default


http://www.latimes.com/classified/realestate/la-fi-foreclose19oct19,0,4110776.story?coll=la-home-headlines

"But in another disquieting sign, DataQuick reported that 19% of the owners who went into default earlier in the year actually lost their homes to foreclosure in the third quarter, more than triple the 6% in 2005."

"In the vast majority of cases, the default notices are falling disproportionately on the entry-level market," said John Hokkanen, a San Diego agent. "These are people who don't have any reserves in a time of crisis."

[aoxamaxoa]

quote:Originally posted by iplaw

Oh yeah.  I forgot that Bush controls the stock market too.

Nope. It depends on confidence. Not too many people feel confident about our current economy. It's hard to trust what info comes out of liars mouths or for that matter what they hide from the populace.

[Cubs]

The economy is good thanks to GWB's tax cuts. Anyone who disagrees is ignoring the facts.

[iplaw]

quote:
Not too many people feel confident about our current economy.

Horse sh!t.  The Dow only moves when economic factors are consonant with a healthy and vibrant economy.  You should just walk away now before you stick your foot any farther in your mouth and stop breathing.

[Breadburner]

quote:Originally posted by iplaw

quote:
Not too many people feel confident about our current economy.

Horse sh!t.  The Dow only moves when economic factors are consonant with a healthy and vibrant economy.  You should just walk away now before you stick your foot any farther in your mouth and stop breathing.

I saw him hopping down Brookside...It was sticking out his a$$........

[Conan71]

quote:Originally posted by iplaw

quote:
Not too many people feel confident about our current economy.

Horse sh!t.  The Dow only moves when economic factors are consonant with a healthy and vibrant economy.  You should just walk away now before you stick your foot any farther in your mouth and stop breathing.

Geez, I quit breathing from laughing so hard.[}:)]

[Conan71]

quote:Originally posted by aoxamaxoa

More Homeowners Going Into Default


http://www.latimes.com/classified/realestate/la-fi-foreclose19oct19,0,4110776.story?coll=la-home-headlines

"But in another disquieting sign, DataQuick reported that 19% of the owners who went into default earlier in the year actually lost their homes to foreclosure in the third quarter, more than triple the 6% in 2005."

"In the vast majority of cases, the default notices are falling disproportionately on the entry-level market," said John Hokkanen, a San Diego agent. "These are people who don't have any reserves in a time of crisis."

That is a sign of liberal lending policies (not to be confused with liberal politics, simpleton), moronically high real estate costs, and young home buyers who don't have the common sense to buy something in their price range.  Nothing more, nothing less.

[aoxamaxoa]

I think it will be the next President who must deal with the unbalanced allocation of funds towards a war with very little return on the investment.

Now, the setup: Somewhere in the next 8 years, the blame for this current abuse will go to the next President as interest rates continue to rise no matter what our Fed has to say about it. It will be that administration's (his or her, democrat or republican) fault. Or so it will be perceived and exploited.

He or She will have to be courageous and hire the best and the brightest to fix the mess of health care, social security, trade etc. Issues that have seen wasted by the current regime.

If you see cronyism in the next President's economic circle, short the market.

BTW, the 6th year for a President is historically a good one for the market. I bet we see an interesting year. Hopefully, a bit better than the previous periods.

[aoxamaxoa]

Posties. I will stick to my guns on the confidence thing. I do not fore see a disruption. However, I do believe "It's hard to trust what info comes out of liars mouths or for that matter what they hide from the populace." Why do you take my comment, hatch it up, and put it out of context?

[YoungTulsan]

quote:Originally posted by iplaw

Oh yeah.  I forgot that Bush controls the stock market too.

I heard that he did when it was down.  

[iplaw]

You may as well stop talking after making this comment:

quote:
Not too many people feel confident about our current economy.

Anything you say past this comment should be flushed once for the bulk and again for the remainder.

[YoungTulsan]

quote:Originally posted by aoxamaxoa

I think it will be the next President who must deal with the unbalanced allocation of funds towards a war with very little return on the investment.

All the war is doing is creating consumption of materials and services that in turn sends profits over to some big American businesses.  This isn't neccesarily bad for the business world.  From a moral standpoint, you might wonder if things are being dragged along in Iraq because some companies are making money.  But from any kind of "economic index" this looks great for our economy.  The stock market isn't so much of a telltale of how the economy is doing, or how well the average person is off, but in how well corporate profits are looking to the investment crowd.

It's funny, look at a 5 year chart of the Dow Jones.  The lowest point appears to be very close to March 19th, 2003....