S&P 500 Hits New 5-Year High On Housing Boost, Jobless Claims

ReformCollege · Jan 17, 2013

head of joaquin said:
It's the highest in 5 years so your narrative doesn't make sense unless you claim they took the money out before Bush's Meltdown. Which of course they didn't. But nice little story.

Which is barely higher then they were in September. Perhaps if you actually followed the stock market you would know this.

The markets would be the exact same right now whether taxes went up, down, or stayed the same. All the markets cared about, is that the fiscal cliff deal didn't get drawn out and that a possible recession was avoided. The taxes however, will effect the markets down the road, although results may vary.

Fletch · Jan 17, 2013

head of joaquin said:
Pssst: this thread isn't about me, fascinating though I am. It's about Obama's policies. But I don't need to wonder why you don't want to discuss them. They're succeeding!

What policies are those, exactly? The guy has gotten nothing through congress in two years. The truth of the matter is it is his inability to implement his policies that are aiding the recovery.

ReformCollege · Jan 17, 2013

head of joaquin said:
The tax is predictable. It's passed. Yet, medical stock prices are doing fine. Your analysis is therefore nonsense, a talking point.

18 Democratic Senators disagree with you.

austrianecon · Jan 17, 2013

head of joaquin said:
It's the highest in 5 years so your narrative doesn't make sense unless you claim they took the money out before Bush's Meltdown. Which of course they didn't. But nice little story.

how about you address my remarks.

Fisher · Jan 17, 2013

head of joaquin said:
Pssst: this thread isn't about me, fascinating though I am. It's about Obama's policies. But I don't need to wonder why you don't want to discuss them. They're succeeding!

NEXT!

You do realize that the S&P has not set a new high since 2007 don't you? I would hardly call that succeeding.

head of joaquin · Jan 17, 2013

ReformCollege said:
Which is barely higher then they were in September. Perhaps if you actually followed the stock market you would know this.

The markets would be the exact same right now whether taxes went up, down, or stayed the same. All the markets cared about, is that the fiscal cliff deal didn't get drawn out and that a possible recession was avoided. The taxes however, will effect the markets down the road, although results may vary.

So all those dark predictions from Romney and the rightwing noise machine about how new taxes on the highest bracket will destroy the economy were self-serving prevarications.

Yep, thanks for admitting that.

head of joaquin · Jan 17, 2013

Fisher said:
You do realize that the S&P has not set a new high since 2007 don't you? I would hardly call that succeeding.

Yep, the Bush Meltdown was bad mojo. Glad Obama and his economic policy has got the economy back on track, as the market shows.

Fisher · Jan 17, 2013

head of joaquin said:
Yep, the Bush Meltdown was bad mojo. Glad Obama and his economic policy has got the economy back on track, as the market shows.

Well then why do you blame CEO's for the wealth gap widening? It is clearly Obama and his economic policies driving the show? :lamo

ReformCollege · Jan 17, 2013

head of joaquin said:
So all those dark predictions from Romney and the rightwing noise machine about how new taxes on the highest bracket will destroy the economy were self-serving prevarications.

Yep, thanks for admitting that.

Destroy is a pretty strong word. Hurt in the long term is a better choice of words. But right now isn't the long term.

head of joaquin · Jan 17, 2013

Fisher said:
Well then why do you blame CEO's for the wealth gap widening? It is clearly Obama and his economic policies driving the show? :lamo

Wow, the nonsequitur of the month.

Pssst: progressive income taxes versus Bush's tax cuts for the rich. See a contrast?

Fletch · Jan 17, 2013

head of joaquin said:
Wow, the nonsequitur of the month.

Pssst: progressive income taxes versus Bush's tax cuts for the rich. See a contrast?

No. Taxes were still progressive even after the Bush tax cuts. But I do love how the new liberal standard for economic success is centered upon the success of Wall Street. But in case you didnt know (and you apparently dont) the run up on Wall Street that you are trumpeting as a success for Obama is the result of FED policy, not Obama policy--or the lack thereof.

head of joaquin · Jan 17, 2013

ReformCollege said:
Destroy is a pretty strong word. Hurt in the long term is a better choice of words. But right now isn't the long term.

Oh I think destroy is a word that the rightwing noise machine bandied about quite promiscuously. Even on this forum. So we agree that conservatives who made such claims were hyperventillating if not lying, right?

head of joaquin · Jan 17, 2013

Fletch said:
No. Taxes were still progressive even after the Bush tax cuts. But I do love how the new liberal standard for economic success is centered upon the success of Wall Street. But in case you didnt know (and you apparently dont) the run up on Wall Street that you are trumpeting as a success for Obama is the result of FED policy, not Obama policy--or the lack thereof.

Psst: Obama increased the progressivity of taxes with his tax increase on the wealthy. Remember, that's what you conservatives were against. And that's how you reduce the income gap.

Focus.

Fletch · Jan 17, 2013

head of joaquin said:
Psst: Obama increased the progressivity of taxes with his tax increase on the wealthy. Remember, that's what you conservatives were against. And that's how you reduce the income gap.

Focus.

You dont seem to have the ability to respond intelligently to what other people say do you.

ReformCollege · Jan 17, 2013

head of joaquin said:
Psst: Obama increased the progressivity of taxes with his tax increase on the wealthy. Remember, that's what you conservatives were against. And that's how you reduce the income gap.

Focus.

Why don't we just get all the rich to leave the country with their money? That'll decrease the income gap. Just ask France.

head of joaquin · Jan 17, 2013

Fletch said:
You dont seem to have the ability to respond intelligently to what other people say do you.

Psst: I just did. The allegation was the Obama was increasing the income gap because his policies have helped the market take off. I pointed out that he raised taxes on the top bracket, reducing the income gap.

Try to keep up.

head of joaquin · Jan 17, 2013

ReformCollege said:
Why don't we just get all the rich to leave the country with their money? That'll decrease the income gap. Just ask France.

Hey, kids a nonsequitur, the inevitable result of a conservative losing another argument.

Obama raised taxes on the top bracket, which will help restore a balance in the income gap cause by Bush's unwise tax cuts for the wealthy. The result has been economic growth and a thriving stock market.

Discuss!

Fletch · Jan 17, 2013

head of joaquin said:
Psst: I just did. The allegation was the Obama was increasing the income gap because his policies have helped the market take off. I pointed out that he raised taxes on the top bracket, reducing the income gap.

Try to keep up.

I didnt make that allegation, so your comment to me was non responsive. But your argument here is silly anyway. If you think that a 3 percentage point rise in the top bracket is going to offset the gains those people have made in the market, and thus, reduce the income gap, you cant add.

Fletch · Jan 17, 2013

head of joaquin said:
Hey, kids a nonsequitur, the inevitable result of a conservative losing another argument.

Obama raised taxes on the top bracket, which will help restore a balance in the income gap cause by Bush's unwise tax cuts for the wealthy. The result has been economic growth and a thriving stock market.

Discuss!

That is like saying that peeing in the ocean has helped raise sea levels. Discuss. The tax revenue that will come in is about $60 billion per year. That will not make a dent in the income gap. All it has accomplished is to apply a temporary bandage on the open wound that is liberal envy.

ReformCollege · Jan 17, 2013

head of joaquin said:
Hey, kids a nonsequitur, the inevitable result of a conservative losing another argument.

Obama raised taxes on the top bracket, which will help restore a balance in the income gap cause by Bush's unwise tax cuts for the wealthy. The result has been economic growth and a thriving stock market.

Discuss!

Haha! Except the stock market just made the rich richer! So the gap increased! Keep clapping anyways!

By the way, the stock market was on an uptrend before the fiscal cliff, in a way that is typical of a recovery following a deep contraction. Perhaps if you followed the stock market, you would've known that.

Fenton · Jan 17, 2013

head of joaquin said:
Hey, congratulations. We've been limping
along since the recession, with last year me and my partner talking less in draws than some of my employees. But this year, it's already turned around.

The hoysing numbers were revised downwards.

I mean no amount of your empty claims will undo the damage your party has inflicted in the last 4 years.

How retarded, "yay the economy's coming back" when the banks are holding on to trillions...and getting payed to do it, your idiot President is spending away any chance of REAL recovery and unemployment numbers are posted by parrots like you with out any mention of the massive drop in the labor participation rate.

I can see you by your self with a pathetic little cupcake with a candle sticking out of it having a celebration....alone.

The economy's coming back.....Right

danarhea · Jan 18, 2013

ReformCollege said:
Why don't we just get all the rich to leave the country with their money? That'll decrease the income gap. Just ask France.

I did ask France that question. Guess what happened? France surrendered to me as soon as I asked it. Anybody interested in buying the Eiffel Tower? I'll sell it to you at a good price. :mrgreen:

S&P 500 Hits New 5-Year High On Housing Boost, Jobless Claims

Slayer of the DP Newsbot