Median Democrat
Shh! The DOW Will Improve When Underlying Economic Numbers Improve - Pass It On
Here is the great secret that Jim Cramer, Fox News, WSJ and the rest of the mainstream media are hiding as they blame the latest market swings on Obama less than two months into his Presidency. Regardless of his policies pronouncements or speeches, the DOW likely will not rebound until we hit some bottom on the underlying economic indicators like unemployment or retail sales. The numbers continue to be horrible, particulaly the last quater of 2008 (BEFORE OBAMA TOOK OFFICE), and the DOW is plunging.
Yet, the financial media types ignore the underlying econmic data, and suggest that Obama's (yet to be implemented) policies are causing the DOW to drop while arguing in the same breath that government action cannot help the economy.
If there was any doubt that the media has a corporate bias toward the top 1 percent, this is it.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5176027
And the underlying economic numbers will improve when Hussein quits attacking achievers and stops promoting wealth distribution.
DJ13
1. The Dow will improve when the people on Main street have enough money to begin buying the baubles the companies in the Dow make.
And it wont happen until then.
Main Street isn't buying into the socialist agenda. And Main Street isn't you or anyone at the DUmp, that's for sure.
Median Democrat
Response to Reply #1
3. Shh!!! You can't say that! The talking point is that the decline in the DOW has nothing to do with the fact that people are losing their jobs, losing their homes, and buying less stuff. Rather, the DOW is going down because Obama is proposing to increase taxes on the richest 1 or 2 percent of American households.
Get it straight!
The Dow is going down because the business class and investor class, regardless if they're the top 2% or not, have no incentive to take the type of risks with capital in order to create goods and services, and in turn jobs.
nbsmom
8. Don't forget the folks who are unnecessarily lighting their hair on fire...
And cashing out with no need (e.g., illness or unemployment.)
A 'continuation' if you will of the "you're on your own" mentality so prevalent under Bush...
How many _employed_ folks have decided that they're going to cash in their positions (in and outside their 401ks) and 'sit this out.'
They'll proudly crow about how they're 'sitting in cash'.
It makes me crazy, because it makes everyone else's situation worse.
And it's not that different from the conspicuous consumption of former years.
Ah, you had to see this coming.
According to this DUmmie, a lot of the problems are those investors who were looking out for their own financial interests rather than thinking of how their pulling out of the market would effect others. They should have just sat there and purposely lost money instead of selfishly thinking only of themselves. They shouldn't "sit this out," they should rush to invest whether they view it to be a losing proposition or not.
Whacko doesn't begin to fully describe the primitives and those like them.
.