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Thread: Obama State of the Union

  1. #501
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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    Its better than it was when Obama took over.




    But at a lesser rate than when Obama took over.
    Check it out mid 2008 much higher than now the closer to the election the more it dropped. It is not coming back because Obama is not trusted.

    http://www.mdleasing.com/djia.htm


    2007
    Jan 24 Rises 87.97 to close at 12,621.77, first close above 12,600
    Feb 14 Rises 87.01 to close at 12,741.86, first close above 12,700
    Feb 27 Falls 416.02 to close at 12,216.24 - declines 3.29% - See greatest DJIA Losses of all time here: DJIA Gains and Losses
    Apr 18 Rises 30.80 to close at 12,803.84, first close above 12,800
    Apr 20 Rises 153.35 to close at 12,961.98, first close above 12,900
    Apr 25 Rises 135.95 to close at 13,089.89, first close above 13,000
    Apr 26 Rises 15.61 to close at 13,105.50, first close above 13,100
    May 02 Rises 75.74 to close at 13,211.88, first close above 13,200
    May 07 Rises 48.35 to close at 13,312.97, first close above 13,300
    May 16 Rises 103.69 to close at 13,487.53, first close above 13,400
    May 18 Rises 79.81 to close at 13,556.53, First close above 13,500
    May 30 Rises 111.74 to Close at 13,633.08, first close above 13,600
    Jul 12 Rises 283.86 to close at 13,861.73, first close above 13,700 and 13,800
    Jul 13 Rises 45.52 to close at 13,907.25, first close above 13,900
    Jul 19 Rises 82.19 to close at 14,000.41, first close above 14,000
    Oct 09 Rises 120.80 to close at 14,164.53, first close above 14,100 - All time closing high
    The DJIA has risen 6,878.26, or 94%, since the low point of Oct 9, 2002, 5 years ago
    2008
    Sep 15 Falls 504.48 to close at 10,917.51 on news of the collapse of Lehman Brothers and Merrill Lynch
    Sep 17 Falls 684.81 to close at 8,920.70 on fears of AIG rescue failure
    Sep 18 Rises 410.3 to close at 11,016.69 on news of world wide central banks injecting billions and billions into the credit markets
    Sep 19 Rises 368.75 to close at 11,388.44 on news of government bail out plan
    Sep 29 Falls 777.68 to close at 10,365.45, down 6.98%, largest point loss in history
    Sep 30 Rises 485.21 to close at 10,850.66, up 4.68%
    Oct 09 Falls 678.91 to close at 8,579.19, down 7.33%
    The DJIA has fallen 5,585.34, or 39% in one year
    Oct 13 Rises 936.42 to close at 9,389.61, up 11.08%, largest point gain in history, fourth largest % gain in history
    Oct 15 Falls 733.08 to close at 8,577.91, down 7.87%, second largest point loss in history
    Oct 16 Rises 401.35 to close at 8,879.26, up 4.02%
    Oct 20 Rises 413.21 to close at 9,265.43, up 4.67%
    Oct 22 Falls 514.45 to close at 8,519.21, down 5.69%
    Oct 25 Falls 312.3 to close at 8,378.95, the DJIA has fallen 5,785.58, or 41% since Oct 9, 2007
    Oct 28 Rises 889.35 to close at 9,069.12, up 10.88%, second largest point gain and fifth largest % gain in history


    CRASH - BURN - BAM - GURGLE, GURGLE, GURGLE
    Holy Wall Street, Batman, talk about an October surprise!
    Nov 05 Falls 486.01 to close at 9,139.37, down 5.05%, following presidential election of Barack Obama
    Nov 06 Falls 443.48 to close at 8,695.79, down 4.85%, the DJIA has fallen 929.49, or 9.66% in two days
    Nov 12 Falls 411.30 to close at 8,282.66, down 4.76%
    Nov 13 Rises 552.59 to close at 8,835.25, up 6.67%
    Nov 19 Falls 427.47 to close at 7,997.28, down 5.07%, lowest close since March 14, 2003
    The DJIA has fallen 5,267.54, or 40% since Jan 1, 2008
    Nov 20 Falls 444.99 to close at 7,552.59, down 5.56%, lowest close since June 23, 1997
    The DJIA has fallen 5,712.23 or 43% since Jan 1, 2008
    Does this bear market have a bottom?
    Nov 21 Rises 494.13 to close at 8,046.42, up 6.54%, fifth largest point gain in history
    Dec 01 Falls 679.95 to close at 8,149.09, down 7.70%, fourth largest point loss and twelfth largest percent loss in history
    Last edited by ptif219; 02-14-10 at 02:14 AM.

  2. #502
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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    Who pays attention to campaign promises?
    I do. You want a liar in control of our country. You have one now and the unemployment just keeps growing and growing because companies do not trust him.

  3. #503
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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    What I know is the rate of job losses has decreased under Obama. Our financial crisis was not created overnight and it cannot be fixed overnight.



    Our financial situation is better now than it was before Obama.
    When Bush was president and the economy was good the dems tried to say how bad it was. Now they are making excuses for Obama. Hypocrisy

  4. #504
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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    Nope, that's what the facts show.
    Yet hundreds of thousands a month still losing jobs and you call that good?

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    “We’re still losing jobs,” said Dean Baker, co-director of the Center for Economic and Policy Research in Washington. “It’s nothing like we had in the free fall of last winter, but we’re not about to turn around. We’re still looking at a really weak economy.”
    85,000 Jobs Lost in December, Clouding Optimism for Recovery - NYTimes.com
    December is not accurate since many place hire temporary help.


    FOXNews.com - Jobless Claims Rise Unexpectedly to 480,000


    The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.

    The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.

    The Labor Department says that new claims for unemployment insurance rose by 8,000 to a seasonally adjusted 480,000. Wall Street economists had expected a drop to 460,000.

  6. #506
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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    Big whoop! I've never been one to base my opinions on what other people think.
    Unless it is Obama!!!

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    Re: Obama State of the Union

    Quote Originally Posted by ptif219 View Post
    Check it out mid 2008 much higher than now the closer to the election the more it dropped. It is not coming back because Obama is not trusted.

    History of Dow Jones Industrial Average


    2007
    Jan 24 Rises 87.97 to close at 12,621.77, first close above 12,600
    Feb 14 Rises 87.01 to close at 12,741.86, first close above 12,700
    Feb 27 Falls 416.02 to close at 12,216.24 - declines 3.29% - See greatest DJIA Losses of all time here: DJIA Gains and Losses
    Apr 18 Rises 30.80 to close at 12,803.84, first close above 12,800
    Apr 20 Rises 153.35 to close at 12,961.98, first close above 12,900
    Apr 25 Rises 135.95 to close at 13,089.89, first close above 13,000
    Apr 26 Rises 15.61 to close at 13,105.50, first close above 13,100
    May 02 Rises 75.74 to close at 13,211.88, first close above 13,200
    May 07 Rises 48.35 to close at 13,312.97, first close above 13,300
    May 16 Rises 103.69 to close at 13,487.53, first close above 13,400
    May 18 Rises 79.81 to close at 13,556.53, First close above 13,500
    May 30 Rises 111.74 to Close at 13,633.08, first close above 13,600
    Jul 12 Rises 283.86 to close at 13,861.73, first close above 13,700 and 13,800
    Jul 13 Rises 45.52 to close at 13,907.25, first close above 13,900
    Jul 19 Rises 82.19 to close at 14,000.41, first close above 14,000
    Oct 09 Rises 120.80 to close at 14,164.53, first close above 14,100 - All time closing high
    The DJIA has risen 6,878.26, or 94%, since the low point of Oct 9, 2002, 5 years ago
    2008
    Sep 15 Falls 504.48 to close at 10,917.51 on news of the collapse of Lehman Brothers and Merrill Lynch
    Sep 17 Falls 684.81 to close at 8,920.70 on fears of AIG rescue failure
    Sep 18 Rises 410.3 to close at 11,016.69 on news of world wide central banks injecting billions and billions into the credit markets
    Sep 19 Rises 368.75 to close at 11,388.44 on news of government bail out plan
    Sep 29 Falls 777.68 to close at 10,365.45, down 6.98%, largest point loss in history
    Sep 30 Rises 485.21 to close at 10,850.66, up 4.68%
    Oct 09 Falls 678.91 to close at 8,579.19, down 7.33%
    The DJIA has fallen 5,585.34, or 39% in one year
    Oct 13 Rises 936.42 to close at 9,389.61, up 11.08%, largest point gain in history, fourth largest % gain in history
    Oct 15 Falls 733.08 to close at 8,577.91, down 7.87%, second largest point loss in history
    Oct 16 Rises 401.35 to close at 8,879.26, up 4.02%
    Oct 20 Rises 413.21 to close at 9,265.43, up 4.67%
    Oct 22 Falls 514.45 to close at 8,519.21, down 5.69%
    Oct 25 Falls 312.3 to close at 8,378.95, the DJIA has fallen 5,785.58, or 41% since Oct 9, 2007
    Oct 28 Rises 889.35 to close at 9,069.12, up 10.88%, second largest point gain and fifth largest % gain in history


    CRASH - BURN - BAM - GURGLE, GURGLE, GURGLE
    Holy Wall Street, Batman, talk about an October surprise!
    Nov 05 Falls 486.01 to close at 9,139.37, down 5.05%, following presidential election of Barack Obama
    Nov 06 Falls 443.48 to close at 8,695.79, down 4.85%, the DJIA has fallen 929.49, or 9.66% in two days
    Nov 12 Falls 411.30 to close at 8,282.66, down 4.76%
    Nov 13 Rises 552.59 to close at 8,835.25, up 6.67%
    Nov 19 Falls 427.47 to close at 7,997.28, down 5.07%, lowest close since March 14, 2003
    The DJIA has fallen 5,267.54, or 40% since Jan 1, 2008
    Nov 20 Falls 444.99 to close at 7,552.59, down 5.56%, lowest close since June 23, 1997
    The DJIA has fallen 5,712.23 or 43% since Jan 1, 2008
    Does this bear market have a bottom?
    Nov 21 Rises 494.13 to close at 8,046.42, up 6.54%, fifth largest point gain in history
    Dec 01 Falls 679.95 to close at 8,149.09, down 7.70%, fourth largest point loss and twelfth largest percent loss in history
    What is your point here? We are a couple thousand points higher now with the actions Obama took.
    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

  8. #508
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    Re: Obama State of the Union

    Quote Originally Posted by ptif219 View Post
    I do. You want a liar in control of our country. You have one now and the unemployment just keeps growing and growing because companies do not trust him.
    Every politician I've ever known has said things in their campaign they didn't carry out in office. Also Obama has had the handicap of being blocked by an unprecedented number of filibusters by the Republicans.
    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

  9. #509
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    Re: Obama State of the Union

    Quote Originally Posted by ptif219 View Post
    Yet hundreds of thousands a month still losing jobs and you call that good?
    Nope, I'm not calling that good, just better than it was. I never expected him to fix all our problems in just one year.
    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

  10. #510
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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    What is your point here? We are a couple thousand points higher now with the actions Obama took.
    We are 4,000 below july 2008. The closer the election the more it dropped.

    Now that Obama is elected the growth is small. Last week it hovered at 10,000 went up 150 points and the next day came back down.

    The business community does not trust Obama so they are not investing now.

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