Democrats and the markets

[Willie99]

Why is it that when the markets do poorly they argue that scores of millions of Americans are suffering

but, when the markets are doing good only the rich are benefiting?

:lol:

I just happen to believe the same people are impacted, good or bad

 

[cincy_]

Why is it that when the markets do poorly they argue that scores of millions of Americans are suffering

but, when the markets are doing good only the rich are benefiting?

:lol:

I just happen to believe the same people are impacted, good or bad

Some link please?

 

[BossTown]

Why is it that when the markets do poorly they argue that scores of millions of Americans are suffering

but, when the markets are doing good only the rich are benefiting?

:lol:

I just happen to believe the same people are impacted, good or bad

Why is it that the financial markets have historically done better when Democrats were in office? Did you miss out on the Clinton Boom?

 

[Willie99]

Some link please?

In 2002, after the dotcom bust, the recession of the 1st two qtrs of 2001 and 9/11, the stock market was down. Democratic talking points, led by Tom Daschle and Chuck Schumer, was to say that millions of average Americans had to delay retirement because of dwindling 401-k balances.

In 2004, those same two Democratic leaders said the surging stock market doesn't mean anything in this election because only the wealthiest of Americans benefited from any growth in the stock market.

In 2006, the stock market wasn't even discussed, it was a secret. It was all about losing the Iraqi war and nothing but the Iraqi war.

In 2008, they were proven wrong about the Iraqi war, so much so that the Iraq war is off the news. Now it's back to their 2002 positions about the stock market.

I happen to believe their beliefs of 2002 and 2008 are more accurate, that a lot of people are impacted by the stock market. Of course, I believed that in 04 & 06 as well. I'm just pointing out that the lying scumbags have no credibility.

 

[Willie99]

Why is it that the financial markets have historically done better when Democrats were in office? Did you miss out on the Clinton Boom?

Well, if you believe the POTUS micro manages the economy, so be it. I don't believe the president gets credit for the industrial revolution, the Model T, the locomotive or the technological revolution. I don't think the POTUS gets credit for expanding global markets and expanding global demand. But I understand why many choose to keep it simple.

 

[punter]

Willie, a lesson in economics.

When things get rough some families might have to keep the Lexus 4 years instead of trading at the usual 2. For other families when the 95 Hupmobile drops a trany, its fix it or walk.

 

[Uno]

if i had to guess an answer, and i have no economic savvy, i would say that when the market does poor it affects everyone because the wealthiest who are getting hurt tighten up the purse strings. companies suffer and like wise consumers.

when it is doing well and business is good the wealthiest are able to make more money while everything remains business as usual for those not invested.

as far as the POTUS micro managing the economy, obv you have a point. but just like he is bumping his gums daily now that the economy is f'ed i think he has a responsibility to do everything that he is doing BEFORE shit goes south.

being proactive would be an excellent quality in a president. drill here, drill now before oil becomes a mess. regulate before you need a bailout or bailout before the market forces us to run do it like chickens with their heads cut off.

proactive not reactive. like he was with iraq haha....

 

[C-Gold]

You are right UNO, you have no economic savy. You should have just stopped there.