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Stock Market Has Zoomed Under Obama

Steve

Well-known member
yep,.. the liberals all of a sudden become the party of wall-street when it is the only thing they can point to that seems to be doing better..

as wall-street recovers.. main-street suffers


Wall Street thrives while Main Street struggles
Corporate profits are at a 60 year high - but 40% of small businesses see their earnings declining.

Corporate profits as a share of the nation’s gross domestic product, in fact, are at their highest point since 1950. Recent snapshots, however, tell a much different story on Main Street, where small businesses are limping through an economic recovery that treated corporations much more kindly.

two out of every five small businesses reported that profits are falling, and more businesses reported sales trending down than up. Worse yet, small business owners expect sales to continue falling.

The largest corporations have continued hoarding cash instead of investing in job creation that would help small businesses and the economy recover.

wages remain stagnant for most American employees. That has led to growing income inequality that rivals many African nations, saddling the American economy with problems that are becoming increasingly hard to fix.

seems Obama's class warfare is working out well... for the rich..
 

Mike

Well-known member
Steve said:
yep,.. the liberals all of a sudden become the party of wall-street when it is the only thing they can point to that seems to be doing better..

as wall-street recovers.. main-street suffers


Wall Street thrives while Main Street struggles
Corporate profits are at a 60 year high - but 40% of small businesses see their earnings declining.

Corporate profits as a share of the nation’s gross domestic product, in fact, are at their highest point since 1950. Recent snapshots, however, tell a much different story on Main Street, where small businesses are limping through an economic recovery that treated corporations much more kindly.

two out of every five small businesses reported that profits are falling, and more businesses reported sales trending down than up. Worse yet, small business owners expect sales to continue falling.

The largest corporations have continued hoarding cash instead of investing in job creation that would help small businesses and the economy recover.

wages remain stagnant for most American employees. That has led to growing income inequality that rivals many African nations, saddling the American economy with problems that are becoming increasingly hard to fix.

seems Obama's class warfare is working out well... for the rich..

You will never see the fat one commenting on this article................ :roll:

When the Fed is propping up the Dow, Nasdaq, etc. like they are and have been, stock prices are high and easy to borrow money against for nearly nothing....................

Sure wish I could borrow a few million at 1 over Prime................................
 

Mike

Well-known member
Steve said:
yep,.. the liberals all of a sudden become the party of wall-street when it is the only thing they can point to that seems to be doing better..

as wall-street recovers.. main-street suffers


Wall Street thrives while Main Street struggles
Corporate profits are at a 60 year high - but 40% of small businesses see their earnings declining.

Corporate profits as a share of the nation’s gross domestic product, in fact, are at their highest point since 1950. Recent snapshots, however, tell a much different story on Main Street, where small businesses are limping through an economic recovery that treated corporations much more kindly.

two out of every five small businesses reported that profits are falling, and more businesses reported sales trending down than up. Worse yet, small business owners expect sales to continue falling.

The largest corporations have continued hoarding cash instead of investing in job creation that would help small businesses and the economy recover.

wages remain stagnant for most American employees. That has led to growing income inequality that rivals many African nations, saddling the American economy with problems that are becoming increasingly hard to fix.

seems Obama's class warfare is working out well... for the rich..

You will never see the fat one commenting on this article................ :roll:

When the Fed is propping up the Dow, Nasdaq, etc. like they are and have been, stock prices are high and easy to borrow money against for nearly nothing....................

Sure wish I could borrow a few million at Prime or even 1 over ................................

Think about it, Banks can get money for nearly nothing from the Fed.

Yes, big corporate profits are at an all time high. But OT thinks that's good? :roll:
 
A

Anonymous

Guest
Tam said:
Larrry said:
So he wants more of the same for his fellow American, high inflation, high unemployment etc as long as he get's his big bucks for his wheat.
That has to be the most selfish libtards around.

Screw you all as long as I get mine.

Isn't it comical that the very people Oldtimer supports and defend claim to be compassionate towards others, when you look at his reaction to whether he verses the COUNTRY AS A WHOLE are better off under Obama.

It is to He!! with the rest as long as Oldtimer gets his. But then that is the true left, they want others to have everything given to them as long as someone else has to pay for it.

Tam its quite simple after watching GW (who I had supported) that when he got his Republican rubber stamp majority in Congress went to spending faster than any Democrats even could... The sad part was most of his was spent building sandpits in the desert and nation building...

At least the Dems offered to spend much of their overspending in the US on US citizens...So I chose the spending for people in the US and the building of our nation rather than giving millions $ to the Mullahs and Princes of the Arab world and building GW Superhighway in Baghdad like GW did...
And our local economy is better than I have seen in years.. New stores being built, new Ag buildings- new tractors, balers, combines, trucks, rolling off the show lots-- wifes retirement account recovering well from the Bush Bust...Railroad is hiring top dollar salaried jobs every day...So if I look at the world from where I'm living we're in way better shape than in 08 when GW was asleep at the wheel not even knowing the country was falling apart under his feet leading us to hours of a total economic breakdown...

If you haven't learned by now Tam- both cults are all about big spending- it just differs in what and who they spend it on with whichever lobbyiests (who are stuffing their pockets) they follow..

My Texas sister (the retired FBI Agent) was here last week... She is not much of a fan of Obama- but like she said - besides taking an economy that was within hours/minutes of totally crashing under GW and putting it back on a positive road -- the greatest thing he has done he can't brag about...And that is how he has almost totally wiped the Al Quaeda and Taliban leadership from the face of the earth with the use of the military, cia, fbi, seal teams, our allies, and the drones... He followed his promise to track them down anywhere- and if nothing else must have the pucker factor of those still alive at about 10... But he can't brag to much about it because the extreme leftwingnuts don't want to hear about us out killing folks- even if they are bad folks that deserve killing......
 

hopalong

Well-known member
You are the one who does not learn oldtimer,,,,ypu have been shown time and time again, yes you cannot see because of you drunkeness,,,,
 

TexasBred

Well-known member
besides taking an economy that was within hours/minutes of totally crashing under GW and putting it back on a positive road


You really believe this??? All he did was give away 5 trillion dollars, and create 5 trillion more in debt, baled out all his friends in the process and the remainder are still struggling. Why is Detroit becoming a ghost town even with the GM bailout?? Why is Chicago the murder captital of the world when it is ruled by Obama's friends?? Why is natural gas less than $1.00 at the wellhead and coal mines being shut down and thousands laid off? Why are welfare numbers at an all time high, the actual number unemployed at historical highs and all this SOB does is travel and play golf while demeaning self made wealthy individuals. Why is he so unwilling to let us know anything about his past except the fiction in his socalled "autobiographies" which we now know are fake. ?? The stock market is up considerably but we know that 99% of the stocks owned and traded are owned by corporations and what you liberals like to call the 1%. You know...hard working successful people.
 

Tam

Well-known member
Oldtimer said:
Tam its quite simple after watching GW (who I had supported) that when he got his Republican rubber stamp majority in Congress went to spending faster than any Democrats even could... The sad part was most of his was spent building sandpits in the desert and nation building...

..

All I read was this Oldtimer, as that is all I had to read to see you are either drunk or stupid. Either way I'm not reading any more when Bush went to war due to the FACT the US was attacked and the money spent under Bush was done so with BIPARTISAN SUPPORT as Bush did not have a FILIBUSTER PROOF anything like Obama did in the first two years of his campaign donor payback Administration. Billions have been spent by Obama and the Dems to shore up their efforts to get MORE CAMPAIGN DONATIONS from their green energy and enviromentalist donors.

All you have done for the past four years is bash Bush while saying nothing about the TRILLIONS OBAMA HAS TAGGED ONTO THE BACK OF YOUR GRANDCHILDREN . You blame Bush for sandpit building but say nothing about the fact your incompetent twit gave Brazil $2 billion to develop off shore drilling while putting thousands of US tax payers out of a job by putting a MORITORIUM ON US OFF SHORE DRILLING. You sir, and I use that word very loosely, are a friggin Bush Bashing Hypocrite. :roll:
 

hopalong

Well-known member
Makes me chuckle (((shades of oldtimer))) why oldimer felt it necessary to tell us his sister was a retired F.B.I agent???? Trying to impress us????
Will take more than a statement like that...from him to impress!!!!Have to remember that he also claimes to be great friends with all the high and mighty :roll: :wink: :roll: :wink:
have to wonder WHY 99% of us in here are wrong and he is right...
How did he ever get into L.E.without the ability to read and comprehend... especially when it is so obvious he can do niether...
Care to to enlighten us to how that can be oldtimer????
 

hypocritexposer

Well-known member
TexasBred said:
besides taking an economy that was within hours/minutes of totally crashing under GW and putting it back on a positive road


You really believe this??? All he did was give away 5 trillion dollars, and create 5 trillion more in debt, baled out all his friends in the process and the remainder are still struggling. Why is Detroit becoming a ghost town even with the GM bailout?? Why is Chicago the murder captital of the world when it is ruled by Obama's friends?? Why is natural gas less than $1.00 at the wellhead and coal mines being shut down and thousands laid off? Why are welfare numbers at an all time high, the actual number unemployed at historical highs and all this SOB does is travel and play golf while demeaning self made wealthy individuals. Why is he so unwilling to let us know anything about his past except the fiction in his socalled "autobiographies" which we now know are fake. ?? The stock market is up considerably but we know that 99% of the stocks owned and traded are owned by corporations and what you liberals like to call the 1%. You know...hard working successful people.



OT seems to give the big banks/Fed. quite a bit of credit for telling the truth. :lol:


OT, it was the banks that climed the economy was on the brink and that THEY needed $700 Billion of your money.

It was extortion, plain and simple and you, Bush and obama all fell for it.


Oldtimer said:
Tam its quite simple after watching GW (who I had supported) that when he got his Republican rubber stamp majority in Congress went to spending faster than any Democrats even could...


It does seem pretty simple....don't vote for anybody that OT supports, he has a bad track record of voting for the big spenders (record spenders, actually)


2 record spenders in a row OT...are you learning anything yet? Or does it have anything to do wiith the Dem majorities?

Did you know that Bush's proposed budgets were less than the Dems', in 2007 and 2008?
 

Tam

Well-known member
hypocritexposer said:
TexasBred said:
besides taking an economy that was within hours/minutes of totally crashing under GW and putting it back on a positive road


You really believe this??? All he did was give away 5 trillion dollars, and create 5 trillion more in debt, baled out all his friends in the process and the remainder are still struggling. Why is Detroit becoming a ghost town even with the GM bailout?? Why is Chicago the murder captital of the world when it is ruled by Obama's friends?? Why is natural gas less than $1.00 at the wellhead and coal mines being shut down and thousands laid off? Why are welfare numbers at an all time high, the actual number unemployed at historical highs and all this SOB does is travel and play golf while demeaning self made wealthy individuals. Why is he so unwilling to let us know anything about his past except the fiction in his socalled "autobiographies" which we now know are fake. ?? The stock market is up considerably but we know that 99% of the stocks owned and traded are owned by corporations and what you liberals like to call the 1%. You know...hard working successful people.



OT seems to give the big banks/Fed. quite a bit of credit for telling the truth. :lol:


OT, it was the banks that climed the economy was on the brink and that THEY needed $700 Billion of your money.

It was extortion, plain and simple and you, Bush and obama all fell for it.


Oldtimer said:
Tam its quite simple after watching GW (who I had supported) that when he got his Republican rubber stamp majority in Congress went to spending faster than any Democrats even could...


It does seem pretty simple....don't vote for anybody that OT supports, he has a bad track record of voting for the big spenders (record spenders, actually)


2 record spenders in a row OT...are you learning anything yet? Or does it have anything to do wiith the Dem majorities?

Did you know that Bush's proposed budgets were less than the Dems', in 2007 and 2008?

Oldtimer could care less who was or is responsible for the mess as the little voices in his head and the pink elephants in the road ditch are telling him that it is all BUSH'S FAULT. :roll:
 

hypocritexposer

Well-known member
Tam said:
hypocritexposer said:
TexasBred said:
[/b]

You really believe this??? All he did was give away 5 trillion dollars, and create 5 trillion more in debt, baled out all his friends in the process and the remainder are still struggling. Why is Detroit becoming a ghost town even with the GM bailout?? Why is Chicago the murder captital of the world when it is ruled by Obama's friends?? Why is natural gas less than $1.00 at the wellhead and coal mines being shut down and thousands laid off? Why are welfare numbers at an all time high, the actual number unemployed at historical highs and all this SOB does is travel and play golf while demeaning self made wealthy individuals. Why is he so unwilling to let us know anything about his past except the fiction in his socalled "autobiographies" which we now know are fake. ?? The stock market is up considerably but we know that 99% of the stocks owned and traded are owned by corporations and what you liberals like to call the 1%. You know...hard working successful people.



OT seems to give the big banks/Fed. quite a bit of credit for telling the truth. :lol:


OT, it was the banks that climed the economy was on the brink and that THEY needed $700 Billion of your money.

It was extortion, plain and simple and you, Bush and obama all fell for it.


Oldtimer said:
Tam its quite simple after watching GW (who I had supported) that when he got his Republican rubber stamp majority in Congress went to spending faster than any Democrats even could...


It does seem pretty simple....don't vote for anybody that OT supports, he has a bad track record of voting for the big spenders (record spenders, actually)


2 record spenders in a row OT...are you learning anything yet? Or does it have anything to do wiith the Dem majorities?

Did you know that Bush's proposed budgets were less than the Dems', in 2007 and 2008?

Oldtimer could care less who was or is responsible for the mess as the little voices in his head and the pink elephants in the road ditch are telling him that it is all BUSH'S FAULT. :roll:


Are they the ones that he thinks are going to give him the "freebies", on his Great Grandkids dime?

OT seems like a very selfish person for wanting this all for himself and not thinking of what it will cost his grandkids, that's for sure.
 
A

Anonymous

Guest
564039_396731767049831_1032355503_n.jpg


408135_354264067939221_730240571_n.jpg


This is kind of how I and the educated part of the world remember what happened...
 
A

Anonymous

Guest
Oldtimer said:
564039_396731767049831_1032355503_n.jpg


408135_354264067939221_730240571_n.jpg


This is kind of how I and the educated part of the world remember what happened...


Americans spent more at retail stores in July, lifting hopes for rebound in 2nd half of year


By Associated Press, Updated: Tuesday, August 14, 2:21 PMAP


WASHINGTON — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year.

Retail spending rose in every major category, from electronics and sporting goods to furniture, building supplies and garden equipment. The report from the government followed one earlier this month that showed hiring strengthened in July.

.Overall retail sales rose 0.8 percent from June to July, the Commerce Department said. It was the sharpest increase since February, and it followed three months of declines.

The stepped-up spending was evident in a flurry of retail earnings reports for the second quarter, which ended in late July.

Home Depot, the nation’s largest home improvement retailer, said healthy sales of paint, bathroom accessories and kitchen installations helped lift its net income 12 percent.

Macy’s raised its annual earnings guidance last week after reporting a 16 percent increase in net income in the second quarter. Macy’s executives specifically cited a pickup in their teen clothing business, which had been weak.

TJX Cos., which sells discounted brand names under such store banners as T.J. Maxx and HomeGoods, said its second-quarter net income jumped 21 percent on better same-store sales.

“People are spending a little more and feeling a little better about the economy,” said James Donnelly, a sales associate at Boston-based Tadpole, which sells infant wear, children’s clothing and toys.

Donnelly says he’s seen an increase in business and traffic in recent weeks. The store has run 40 percent discounts on summer merchandise. Shoppers are also buying some back-to-school items, like backpacks and clothing.

Americans appear to be taking their cues from the economy’s modest but steady improvements.
 

Mike

Well-known member
The debt-ceiling measure, which Obama signed into law Tuesday afternoon, was not expected to be in danger of failing in the Democratic-led Senate. But there were some lessons to be gleaned in the details of the debt-ceiling vote.

Voting “yes” on Tuesday were 28 Senate Republicans and 46 members who caucus with Democrats. Voting “no” were 19 Republicans and seven members of the Democratic caucus.

That means 87 percent of the Senate Democratic caucus supported the measure, while 60 percent of Senate Republicans did.

That’s a contrast from the House, where of the 190 Democrats voting on the debt-ceiling bill Monday, 95 voted “yes” and 95 voted “no” – a 50-50 split. Among the 240 House Republicans, 174 voted “yes” while 66 voted “no” – meaning that 73 percent of all House Republicans backed the measure.

So, looking at both parties in both chambers, those most supportive of the deal were Senate Democrats, followed by House Republicans, Senate Republicans and House Democrats.

The Dow all time high was on 10/9/2007 at 14,164. Who was Pres then?Isn't it eery how when the Dems took over Congress the Dow started tanking?
 

Tam

Well-known member
Yes Oldtimer and if I remember right Obama claimed the reason for a debt ceiling raise under Bush was because of LACK OF LEADERSHIP. Now just how many times have the Democrats raised the debt ceiling under Obama's Leadership since he has spent more in 4 years than Bush did in 8 years? OR did your koolaid soaked brain block out that fact. :roll:
 

Tam

Well-known member
As President Obama prepares to raise the debt ceiling -- after the Senate waived its opposition last week -- $5 trillion hikes evidently are no longer "unpatriotic" as Obama said they were in 2008 while describing former President George W. Bush's $4 trillion increase over eight years.

The White House requested authority earlier this month to raise the debt ceiling to $16.4 trillion, up $1.2 trillion from last summer and more than $5 trillion from the statutory limit of $11.3 trillion set in October 2008 before Obama took office. The debt at the time Obama entered the White House was $10.6 trillion. The ceiling was raised to $12.1 trillion within a month of his inauguration.

Such increases used to be anathema to Obama, who voted in March 2006 along with all his Senate Democratic colleagues against Bush's hike of the debt ceiling to $8.9 trillion.

At the time, Obama called raising the debt limit "a sign of leadership failure." Out on the campaign trail in July 2008, he suggested the move was downright un-American.

"The problem is that the way Bush has done it in the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion from the first 42 presidents. No. 43 added $4 trillion by his lonesome. So we now have over $9 trillion of debt that we are going to have to pay back. $30,000 for every man woman and child. That's irresponsible, that's unpatriotic," he said.

In April 2011, during the heat of the debt ceiling debate with Congress, Obama expressed regret for his 2006 stance, which he said was delivered from "the vantage point of a senator versus the vantage point of a president."

"When you're a senator, traditionally what's happened is, this is always a lousy vote. Nobody likes to be tagged as having increased the debt limit -- for the United States by a trillion dollars. As president, you start realizing, you know what, we, we can't play around with this stuff. This is the full faith and credit of the United States."

Under an arrangement reached last summer as the U.S. was about to hit the statutory ceiling, Republicans agreed to let the president raise the limit unless there was effectively a veto-proof majority to disapprove of it. Last week, the House voted to prevent the increase, but the Democratic-led Senate voted to let Obama hike U.S. borrowing capacity.

That would make the fifth increase in the debt ceiling since Obama entered office in January 2009. Under Bush, Congress raised the debt ceiling seven times in his eight years.

On Sunday, House Budget Committee Paul Ryan suggested that it's time to put a stop to the borrowing.

"We are not getting the kind of leadership we need from the outside. At the time when America needs it the most, we have a debt crisis on our horizon. The Senate hasn't budgeted for 1,005 days now. The president is not even proposing to tackle this fiscal crisis," Ryan, R-Wis., told "Fox News Sunday."

"So, what we need is a new president and a new Senate, and we need to give the country a very specific plan, a set of ideas of how we're going to solve these problems and let the country choose in November what they want America to become," he said.
 

hypocritexposer

Well-known member
OT seems to have a problem with Repubs raising the debt ceiling, but will never have problem witht the Dems. doing the same....

Meanwhile the "Tea Party" has had a problem with both.


But they are "Racist" and don't want to overspend on OT's retirement, in Montana.
 
A

Anonymous

Guest
Mike said:
The Dow all time high was on 10/9/2007 at 14,164. Who was Pres then?Isn't it eery how when the Dems took over Congress the Dow started tanking?

Yep- and then the ineptitude of being asleep at the wheel- while sending $Billions to a sandpit finally caught up to GW and the years of a rubber stamp Congress- and brought about the Bush Bust which took us to the brink of economic disaster (while GW was telling everyone the fundamentals of the economy are strong :roll: )..

NOPE- I really don't want to see that type of leadership again...
 

Tam

Well-known member
Oldtimer said:
Mike said:
The Dow all time high was on 10/9/2007 at 14,164. Who was Pres then?Isn't it eery how when the Dems took over Congress the Dow started tanking?

Yep- and then the ineptitude of being asleep at the wheel- while sending $Billions to a sandpit finally caught up to GW and the years of a rubber stamp Congress- and brought about the Bush Bust which took us to the brink of economic disaster (while GW was telling everyone the fundamentals of the economy are strong :roll: )..

NOPE- I really don't want to see that type of leadership again...

Then why did you vote for Obama as his leadership has tagged 6 trillion more onto the debt and just what other than bankrupt green energy businesses and a Auto industry with Stocks that just took another hit today have you got from his leadership.

No wait you got Gitmo staying open, more soldiers in Afganistan, drone attacks killing US citzens and the Muslim Brotherhood ruling a country that once was rule by somebody that the US could work with verses a group that would rather rip your head off and spit down your still bleeding neck. Yes Oldtimer that is great leadership YOU VOTED FOR AND DEFEND. :roll:
 

Steve

Well-known member
Oldtimer said:
This is kind of how I and the educated part of the world remember what happened...


Americans spent more at retail stores in July, lifting hopes for rebound in 2nd half of year


By Associated Press, Updated: Tuesday, August 14, 2:21 PMAP


WASHINGTON — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year.

Retail spending rose in every major category, from electronics and sporting goods to furniture, building supplies and garden equipment. The report from the government followed one earlier this month that showed hiring strengthened in July.

.Overall retail sales rose 0.8 percent from June to July, the Commerce Department said. It was the sharpest increase since February, and it followed three months of declines.

The stepped-up spending was evident in a flurry of retail earnings reports for the second quarter, which ended in late July.

Home Depot, the nation’s largest home improvement retailer, said healthy sales of paint, bathroom accessories and kitchen installations helped lift its net income 12 percent.

Macy’s raised its annual earnings guidance last week after reporting a 16 percent increase in net income in the second quarter. Macy’s executives specifically cited a pickup in their teen clothing business, which had been weak.

TJX Cos., which sells discounted brand names under such store banners as T.J. Maxx and HomeGoods, said its second-quarter net income jumped 21 percent on better same-store sales.

“People are spending a little more and feeling a little better about the economy,” said James Donnelly, a sales associate at Boston-based Tadpole, which sells infant wear, children’s clothing and toys.

Donnelly says he’s seen an increase in business and traffic in recent weeks. The store has run 40 percent discounts on summer merchandise. Shoppers are also buying some back-to-school items, like backpacks and clothing.

Americans appear to be taking their cues from the economy’s modest but steady improvements.
[/quote]

and the part OT left out...

and it followed three months of declines.

Still, the economy remains subpar with elections less than three months away. Unemployment is high at 8.3 percent. Consumer spending on goods and services, which drives roughly 70 percent of growth, grew by only 1.5 percent in the April-June quarter, the weakest pace in a year.

Some economists cautioned that part of the July increase in retail spending was inevitable after consumers cut spending in each of the months in the April-June quarter.

Many Americans remain anxious about the job market, slow wage gains and high debts.

Still, Smith said they remain cautious as both she and her husband have lower incomes than they did 10 years ago. And their health care premiums recently went up.

“It feels like every time we take a step forward, we take a step back,” she said.

while I am sure that the media and all Obama supporters will cling to any glimmer of good news.. most Americans are not buying it..
 

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