NationStates Jolt Archive

http://www.marketwatch.com/news/story/Story.aspx?guid=%7B0BC2C770%2DC970%2D4E3B%2DBF60%2D58A91E904643%7D&siteid=

NEW YORK (MarketWatch) -- U.S. stocks closed lower on the day Friday, although the major averages logged solid quarterly gains due in large part to lower oil prices, allowing the Dow Jones Industrial Average to give its best third-quarter performance in 11 years.

For the quarter the Dow gained 4.7%, its strongest advance since the third quarter of 1995.
The Nasdaq rose 4% in the quarter, making for its best third-quarter performance since 2003. The S&P 500 advanced 5.2% in the quarter.

Meanwhile, consumer sentiment strengthened in late September, according to media reports Friday of proprietary research from the University of Michigan. The UMich consumer sentiment index rose to 85.4 in late September from 84.4 earlier in the month. This is the highest sentiment level since April. The increase was in line with forecasts of Wall Street economists. The drop in gasoline prices in September has boosted confidence, economists said.
And in a relief for investors, business activity expanded at a rapid rate in the Chicago region in September, the NAPM-Chicago reported. The Chicago purchasing managers' index rose to 62.1% in September from 57.1% in August. It's the highest reading in a year. Readings over 50% indicate that most firms surveyed are reporting growth. Economists were expecting a decline to about 55.7% in September.
Last week stocks fell on fears over the extent of the nation's economic slowdown after the Federal Reserve Bank of Philadelphia said manufacturing activity in the Philadelphia region fell in September, the first monthly decline since April 2003, led by a drop in new orders and shipments. See full story.
For Paul Nolte, director of investments at Hinsdale Associates, the reports confirm that "outside the housing sector, the economy doesn't look all that bad and that's one of the reasons we've been rallying."

Oh, so the economy is not bad, and things are rallying, and oil prices are dropping and the Dow is performing better than it has in 11 years...

I guess it's all Bush's fault. I mean, if you're going to blame him for the recession at the time he was first elected, he definitely gets credit for the way things are going now...

I could turn this around on you and say it's Clinton's fault, because the oft-given 8 year timeframe hasn't ended yet. :rolleyes: Your attempts at baiting suck.

He didn’t do anything to cause this, just like he didn’t do anything to cause the recession.

Didn’t do anything to help people through it, but hey, didn’t cause it.

Meh. The economy is good for some--primarily those at the very top--and it's pretty shitty for a lot of the rest, but that's the way it is all the time, good for some and not so good for others.

Of course, it's good to remember that even if you use the Dow as an economic benchmark--which is a poor judge of the economy, but whatever--that even if it does break the record soon, which it probably will, that means it's back where it was six years ago. Yep--this booming economy took six years to get back where it was when Bush took office. Weren't his policies supposed to give quick boosts to the economy? Six years ain't that quick, even in economic terms.

http://www.marketwatch.com/news/story/Story.aspx?guid=%7B0BC2C770%2DC970%2D4E3B%2DBF60%2D58A91E904643%7D&siteid=







Oh, so the economy is not bad, and things are rallying, and oil prices are dropping and the Dow is performing better than it has in 11 years...

I guess it's all Bush's fault. I mean, if you're going to blame him for the recession at the time he was first elected, he definitely gets credit for the way things are going now...

Go find a bridge, somewhere between "I havent gotten over Clinton Avenue", and "Im a Muslim hating Bigot Street".

Live under it.

Meh. The economy is good for some--primarily those at the very top--and it's pretty shitty for a lot of the rest, but that's the way it is all the time, good for some and not so good for others.

Of course, it's good to remember that even if you use the Dow as an economic benchmark--which is a poor judge of the economy, but whatever--that even if it does break the record soon, which it probably will, that means it's back where it was six years ago. Yep--this booming economy took six years to get back where it was when Bush took office. Weren't his policies supposed to give quick boosts to the economy? Six years ain't that quick, even in economic terms.

Not to mention that half the blame for having high oil prices that could fall in the first place can be put on Bush. And in any case, there's more to an economy to the Dow. When it shot up in the 1920s it didn't mean everybody was benefiting from it.

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http://www.comicguide.net/images/smilies/hook2.gif

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He's saying he won't take the bait.

Seriously, DK, why do you even bother trying to pretend that you're not a Bush-loving Republican when all you do is say how awful Clinton was and how brilliant W is?

-snip-

Sure the economy might be good for those that are at the top of it, but how many low class people do you know that can live off one income, or afford to buy a new house/car or how about pay for their kids' college? Once people are able to do that in all spectrums, THEN we'll be doing good.

I've never heard anyone blame Bush for the recession

I could turn this around on you and say it's Clinton's fault, because the oft-given 8 year timeframe hasn't ended yet. :rolleyes: Your attempts at baiting suck.

if you did that... that would mean that the "economic boom" that everyone praised CLinton for is acutally due to Regan and Bush sr...

and the economic slump at the start of Pres Bush terms, would really be Clinton's fault...

Oh, so the economy is not bad, and things are rallying, and oil prices are dropping and the Dow is performing better than it has in 11 years...

I guess it's all Bush's fault. I mean, if you're going to blame him for the recession at the time he was first elected, he definitely gets credit for the way things are going now...

Luckily, I didn't blame Bush for the recession, because I know the presidents don't really have a "Economy, Please Select: [Increase] [Decrease]" button to push.

But hey, another chance to suck Bush's ass and proclaim not to be a partisan hack, right?

You guys are hilarious. DK is basically saying the Bush-bashers can't stand to see anything good about the man, and you're proving him right!

He's saying he won't take the bait.

Ah, thanks.

Seriously, DK, why do you even bother trying to pretend that you're not a Bush-loving Republican when all you do is say how awful Clinton was and how brilliant W is?

Agreed.

You guys are hilarious. DK is basically saying the Bush-bashers can't stand to see anything good about the man, and you're proving him right!

Is there anything positive about him(bush) though? If so, then please enlighten us.

Is there anything positive about him(bush) though? If so, then please enlighten us.

There is one positive thing about Bush. He has to leave office eventually. :)

Is there anything positive about him(bush) though? If so, then please enlighten us.

There's nothing positive about him - there's just the naivete of wishful thinking keeping this conservative campfire burning.

There is one positive thing about Bush. He has to leave office eventually. :)
Amen
There's nothing positive about him - there's just the naivete of wishful thinking keeping this conservative campfire burning.
I'm glad I wasn't the only one thinking that.

Oh, some of us think that early on Bush actually might have turned out to be a decent forgettable President, but because of the role the September 11 attacks played, we were cheated out of that chance.

Oh, some of us think that early on Bush actually might have turned out to be a decent forgettable President, but because of the role the September 11 attacks played, we were cheated out of that chance.

He cheated you out of that chance. Just like he cheated his way into office to begiun with. Six years of murder and lies.

Is there anything positive about him(bush) though? If so, then please enlighten us.

Well, some of the work his administration has done on human trafficking has been decent, as have his attempts to get other nations to open up to free trade more. But his admin's done a lot of fucked up things, a lot.

Well, some of the work his administration has done on human trafficking has been decent, as have his attempts to get other nations to open up to free trade more. But his admin's done a lot of fucked up things, a lot.

Yes, the US now trafficks more freely in humans than ever before. From the backwaters of Pakistan to the forgotten gulags of the former East Bloc - outstanding. Kudos to those who peddle in flesh.

Yet my mom is still unemployed for over a year now..

Yet my mom is still unemployed for over a year now..

Unfortunately, it's been the trend over the past few expansions that people who lose their jobs are more and more likely to be unemployed long term. And, if you have the misfortune of being in a labor market like Ohio or Michigan it's even more likely.

if you did that... that would mean that the "economic boom" that everyone praised CLinton for is acutally due to Regan and Bush sr...

and the economic slump at the start of Pres Bush terms, would really be Clinton's fault...And that Reagan's boom was because of Carter, et cetera, et cetera.

And that Reagan's boom was because of Carter, et cetera, et cetera.

It would really piss some Republicans off to say so, but it's actually true.

Carter's economic decisions during the period and the intentional recession of Paul Volcker broke the cycle of stagflation that had dogged the 1970's, and the end of the remaining wage/price controls and the deregulation of airlines both led to substantial new growth and reduced price pressures on workers and industries.

Also, the energy efficiency laws and actions undertaken by Carter were partially responsible for the collapse in oil demand and prices in 1982-1987; he deserves a lot of credit rather than scorn for his actions during the energy crisis.

Bush has good taste in cowboy hats. I don't like cowboy hats, but I can tell that he buys good ones. There's something good about Bush.

Well, some of the work his administration has done on human trafficking has been decent, as have his attempts to get other nations to open up to free trade more. But his admin's done a lot of fucked up things, a lot.

Bush is a stupid hypocrite. He cares nothing about free trade. He forces Third World countries to liberalize their trade, while retaining protectionism at home.

Oh, so the economy is not bad, and things are rallying, and oil prices are dropping and the Dow is performing better than it has in 11 years...

I guess it's all Bush's fault. I mean, if you're going to blame him for the recession at the time he was first elected, he definitely gets credit for the way things are going now...

The economy is not as rosy as statistics paint it to be. Most people are being left behind in this growth. Real wages are either remaining stagnant or declining slowly for most people. All of the new wealth that is "generated" is being concentraded in the hands of a small minority. Most of it represents an upward redistribution of wealth, not any real growth in the economy.

http://www.marketwatch.com/news/story/Story.aspx?guid=%7B0BC2C770%2DC970%2D4E3B%2DBF60%2D58A91E904643%7D&siteid=







Oh, so the economy is not bad, and things are rallying, and oil prices are dropping and the Dow is performing better than it has in 11 years...

I guess it's all Bush's fault. I mean, if you're going to blame him for the recession at the time he was first elected, he definitely gets credit for the way things are going now...

When average wages (these day appropriatly named mean wages) increase and not simply most people's wages drop and the top 1% going up enough to throw off the curve, then you can say the economy is good.

Your evidence is like saying that a cancer patient who just went into remission is "in perfect health." He may not be in danger of dying, but he's no 1950's Jack LaLane.

It is Bush's fault. That damn song "Glycerine" gets stuck in my head constantly.