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Thread: NASDAQ closes at highest level since 2000

  1. #41
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    Re: NASDAQ closes at highest level since 2000

    But...but...but...the stack market isn't an indicator of a healthy economy! It...it...it's not good that all those Wall Street cats made all that money!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by apdst View Post
    But...but...but...the stack market isn't an indicator of a healthy economy! It...it...it's not good that all those Wall Street cats made all that money!
    It's always funny hearing Republicans trying to imitate what they think our position is... You're trying to translate complicated ideas into simplistic teabagging binary propositions. It just doesn't work. Obviously nobody said that having a strong stock market is a bad thing. We said that too much emphasis was being placed on the supply side and not enough on the demand side. We said that too much of the money was going to the rich and not enough to the people that work, not that it was bad for money to go to the rich. Becoming a liberal is a process of developing a more nuanced, more sophisticated, understanding of the world, so when you try to boil liberalism down to simplistic conservative style binary slogans it just doesn't make any sense.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  3. #43
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    Re: NASDAQ closes at highest level since 2000

    WTF are you smoking? Where did you come up with that stuff? LMAO Go to bed.

    EDIt: sorry I didn't push the reply with quote button tea, this means YOU! Maybe I should be the one going to bed.

  4. #44
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    It's always funny hearing Republicans trying to imitate what they think our position is... You're trying to translate complicated ideas into simplistic teabagging binary propositions. It just doesn't work. Obviously nobody said that having a strong stock market is a bad thing. We said that too much emphasis was being placed on the supply side and not enough on the demand side. We said that too much of the money was going to the rich and not enough to the people that work, not that it was bad for money to go to the rich. Becoming a liberal is a process of developing a more nuanced, more sophisticated, understanding of the world, so when you try to boil liberalism down to simplistic conservative style binary slogans it just doesn't make any sense.
    That's what the Libbos were saying when Bush was prez and the market had record numbers.

    The Libbos also hate it when Wall Streeters make money...except, of course, when they can use that info to make Obama look good. Anything for the Messiah
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  5. #45
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    The NASDAQ closed today at 3,135. That is the highest level it has closed at since before Bush took office.

    Nasdaq Reaches Highest Level Since 2000 On Major ECB Decision
    Yay! Rich bankers get richer. How's the unemployment rate coming? Wealth disparity? Earning power?
    You know the time is right to take control, we gotta take offense against the status quo

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  6. #46
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by sawyerloggingon View Post
    WTF are you smoking? Where did you come up with that stuff? LMAO Go to bed.
    Ok, I guess I need to explain. The conservative economic theory is that the goal is to drive investment capital up as high as possible. That is the basic idea of supply side economics- the economy is driven by investment capital, so if you boost up investment capital, the economy will do well. Every conservative economic policy is based around that idea. That is their bread and butter.

    In reality, supply (investment capital) does matter, but so does demand. Liberals generally favor a more balanced strategy that emphasizes both supply (investment) and demand (consumer spending). That's why the conservatives tend to prefer money going to the rich- because they invest it, where the liberals tend to prefer a more even distribution of money (because middle class people spend more of what they earn). That is the spectrum of American economic policy.

    The stock market is, of course, an important economic indicator. It indicates the supply side. Conservative economists would claim that it is by far the most important economic indicator, liberal economists would say that it was only one of the important indicators, on par with consumer spending and median income and whatnot.

    You seem to be saying it doesn't matter at all. What that would mean is that you reject both the liberal and conservative positions and have some kind of approach that is solely interested in demand. Something like an economic view you might find in the most extreme OWS person. So, that is a pretty surprising stance for you to take, so I'm asking you if that really is what you think, or if the stuff about the stock market you're saying is just empty talk.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  7. #47
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by Ikari View Post
    How's the unemployment rate coming?
    Good. 4.5 million new jobs in just the past 27 months.

    You're doing the same thing some of these other guys are- trying to paint an overly simplistic picture. Of course the stock market isn't the only economic indicator that matters. It is one of several important indicators. It is the one that conservative economists fixate on the most. More than liberals. But that doesn't mean it isn't important. It is. To a conservative, this should seem to be great news that the stock market is way up. To a liberal, it is still very good news, although maybe not as great.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    Ok, I guess I need to explain. The conservative economic theory is that the goal is to drive investment capital up as high as possible. That is the basic idea of supply side economics- the economy is driven by investment capital, so if you boost up investment capital, the economy will do well. Every conservative economic policy is based around that idea. That is their bread and butter.

    In reality, supply (investment capital) does matter, but so does demand. Liberals generally favor a more balanced strategy that emphasizes both supply (investment) and demand (consumer spending). That's why the conservatives tend to prefer money going to the rich- because they invest it, where the liberals tend to prefer a more even distribution of money (because middle class people spend more of what they earn). That is the spectrum of American economic policy.

    The stock market is, of course, an important economic indicator. It indicates the supply side. Conservative economists would claim that it is by far the most important economic indicator, liberal economists would say that it was only one of the important indicators, on par with consumer spending and median income and whatnot.

    You seem to be saying it doesn't matter at all. What that would mean is that you reject both the liberal and conservative positions and have some kind of approach that is solely interested in demand. Something like an economic view you might find in the most extreme OWS person. So, that is a pretty surprising stance for you to take, so I'm asking you if that really is what you think, or if the stuff about the stock market you're saying is just empty talk.
    What I am saying is what happened today has nothing to do with the US economy, it was all about europe. As a rule though Wall Street bets on the future and that includes the future of our economy, things can be in the toilet and they see a buying opportunity so stock prices don't necessarily mirror the economy, sometimes it is more like a freaky circus mirror.

  9. #49
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    Re: NASDAQ closes at highest level since 2000

    Thanks goodness for the Republican House that has led us to such prosperity!

    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

  10. #50
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by sawyerloggingon View Post
    What I am saying is what happened today has nothing to do with the US economy, it was all about europe.
    Ok, well what about the 70% or so that the NASDAQ is up over the past 3 years?
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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