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Thread: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by 1Perry View Post
    There was no gun held to their head. You claim in one breath that it takes time to "buck" Wall Street when the rest of the thread is about how great it is that the government has provided Wall Street everything it needed to get back to where it was before they screwed the economy up.

    So rather than once again separating investment banks from commercial banks to prevent our economy being tied to risky investments, you prefer we address the situation by letting the economy fail and thereby starve the beast, and us in the process?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Republic Now! View Post
    Well, that's all well and good, but plenty of things "worked that way."

    Just out of curiosity, how long exactly have they been pushing this bill to repeal the bipartisanly supported and Clinton backed Gramm-Leach-Bliley bill?

    Long enough to have 58 co-sponsors in the House. Are you for it or against it?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by RDS View Post
    Obama bashing dies down as long as the Dow is above the 13,000 benchmark.
    Not for some.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Captain America View Post
    Moments ago, the Dow Jones Industrial Average closed over 13,000 for the first time since May 19, 2008. The stock market is now up over 56 percent since Obama took office. <snip>

    BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008 | ThinkProgress

    Thank you Mr. President. SOME of us are actually paying attention out here. Looking forward to your next term.
    Does anyone else find it funny that when the Dow pumped out record numbers under Bush the Libbos said that it didn't mean anything?
    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: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Catawba View Post
    Being glad to see a sign of economic improvement does not mean that I don't want to prevent banks too big to fail that necessitate taxpayer bailout.

    Can you answer this honestly - Are for or against reestablishing the firewall between investment banks and commercial banks?
    It isn't as simple as that. It's none of my business what a bank does with their money. It also should not be my responsibility when they screw up. If they want to risk their money, fine, but don't ask us to insure their depositors.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Catawba View Post
    So rather than once again separating investment banks from commercial banks to prevent our economy being tied to risky investments, you prefer we address the situation by letting the economy fail and thereby starve the beast, and us in the process?
    I get it. You are for Wall Street welfare. Well, I imagine that is only true depending on who is supporting it. That's fine but it makes any argument you have about any wealth gap completely dismissable.

    But again, the Dems could have done this very thing but didn't.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Catawba View Post
    Evidently, I do not have the libertarian conversion factors needed to turn a positive to a negative.
    It's not libertarian, it's just math. As soon as the **** hit the fan, look at how quickly Congress in a bipartisan movement came together to take our tax dollars and give it to the very people who cause the mess in the first place. Look at how quickly that occurred. The banks were hurting, Wall Street was hurting, and BAM! Government bailout. But Middle Class was still hurting Lower Class was still hurting. And what happened then? Once their buddies in the Banks and Wall Street were taken care of, back to partisan bull****, back to bickering, back to pointing fingers at each other relentlessly, back to not doing anything for the very People theyíre to represent. And for YEARS this continued, YEARS we endured, YEARS we tried to recoup and move on. And after YEARS of Congress and the President doing NOTHING to help the Middle Class, the Lower Class, the People who were actually suffering; the economy finally starts recovering. Not because of anything Government did, but rather because given enough time it would have recovered on its own.

    Take a positive and make it a negative? Hell no. If someone is applying an inverse amplifier of unity gain, itís those who think Obama or Congress or any of those bastards had anything to do with this recovery. They left us out in the rain, kicked us to the curb and let us fend for ourselves. The Banks and Wall StreetÖthey got the attention, they got the reaction, they got our money. The rest of usÖtreated as cattle and nothing more. Some infinite supply of tax payer dollars to be dolled out at their convenience to their buddies when they see fit; thatís it. And this economic downturn has proven just that.

    I honestly do not know how anyone can look at the actions of government and the Banks and Wall Street during our economic meltdown and NOT see who government is beholden to. Itís not the People, not anymore. Itís all their richer buddies running the financial districts. Thatís it. And that was well demonstrated by both the leftís and the rightís reactions to the economic disaster.
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Captain America View Post
    No doubt, right? I am FINALLY back to the dollar amount I was at before Bush took office. (A bit more actually.) It has been a long road for sure.

    But stocks are for the long term I am told. Just hang in there Tuck.
    Is it back to the dollar amount that it was at the height of the Bush Presidency?

    Much of the same glowing adoration coming from the left for Obama regarding the economy seems similar to what we saw for Bush in 2004 when "he" got us out of the big hit that occured following 9/11. Yet 4 years later...we slumped again.

    But of course, Such could never be the case with Obama becuase he's not Bush and Bush is bad.

    I seem to remember liberals I knew at the time of 04 arguing that the American economy is greater than any President and Bush's actions didn't have anything to do with it bouncing back but rather was actually harming it with all his war spending. Funny, that argument is invalid now. (And of course, the flip side is conservatives saying its valid now when it wasn't bad then).

    Forgive me if I don't get excited and desiring to hoot and hollar when petty hyper partisans play their petty hyper partisan games over whatever news story they can leverage to do such rather than simply being happy for the story itself rather than how it can be spun to make your side get points.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by ChuckBerry View Post
    too bad the stock market is not the economy...
    God damn Republicans stealing the Democrats talking points from the mid Bush years. That's like cheating or something.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    clearly, the stock market and many businesses like Obama's policies.

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