Is Obama to blame for where we are at today?
On December 27, 2009, In dow market, by admin
If you enjoyed this article, please consider sharing it!
Is Obama to blame for where we are at today?
Dam right President Obama is to blame. How dare he improve the Dow and the Housing market? Now those worse than Carter puds need any other excuse.
Dow is up because the dollar is in the tank. The dollar is in the tank because the Fed keeps printing money to pay for Obama’s record spending. hyper-Inflation is next on the horizon
I answered your question earlier today.
The DOW is good, and the housing market is bad.
Probably not, on the last question.
I THINK THAT THE BUSH “TARP’ FUND WORKED JUST FINE ….DON’T YOU?
Housing is on the brink of tanking yet again. Foreclosures are going shoot up again. The DOW cannot sustain. It has been artificially bolstered by farcical government programs such as “cash for clunkers” and the like. It’s possible we have not yet seen the worst this recession has to offer.
yes barry is to blame and it is so much worse than when george was here. George was the greatest president. george good the other guy bad
I’m still trying to figure out what is propping up the Dow. Unemployment is closer to 17% than 10%, when you figure in the people who have stopped looking for a job. As far as blame for the housing market goes, this goes back a long way, to when rules were relaxed so people could use food stamps and welfare as ‘income’ to qualify for a home loan. So in fairness, the housing market isn’t Obama’s fault. It isn’t Bush’s fault either, although liberals would disagree with me, since they blame Bush for everything except erectile dysfunction and locusts.
Nothing. it is irrelevant. Its like comparing the snow depth on the ski slopes today to what they were last Thanksgiving.
I’ll think much more of it when the person buying my house gets final credit approval and closes on the sale.
The stock market is detached from the health of the economy. When it was at a low it certainly overshot to the downside due to panic and fear. Earnings have improved mainly because companies have become more efficient by cutting workers. The housing market is marginally better. I read where some people think it’s close to bottoming and some say it’s at least a year away. Just as when an economy enters or leaves a recessionary period, it’s impossible to predict. You can only say definitively by looking at data after the fact .
If I were to lay any blame it would be on the Fed. I think they need to start raising rates now in a very small increment. It would give the world confidence in our currency and shut up the fearmongers. It would also be nice if we could have had some more modest stimulant and more tax cuts for middle class taxpayers instead of social engineering civil works projects and rapid increase in national debt.
What do you think to unemployment right now compared to one year ago?