Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Here's my response to the RW crowing about a new record for the Dow

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » The DU Lounge Donate to DU
 
Richardo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:10 AM
Original message
Here's my response to the RW crowing about a new record for the Dow
Edited on Thu Sep-28-06 07:11 AM by Richardo
"It's about time."

The RW world is gleefully anticipating a record close for the DJIA any day now. They'll spin it as vindication of Bush's brilliant tax cuts (weren't those like 3-5 years ago?)

My response will include the three words above and a follow up: "Didn't we have a new record for the Dow about every week in the 90s? Or was it every day there for awhile?"

Really, we've got to take this 'victory' away from them.

Here's a cool table. Use it to confound your RW adversaries.
http://www.finfacts.com/Private/curency/djones.htm

The last threshold broken was 11,700 on 1/14/2000. I forget, who was President then?


Printer Friendly | Permalink |  | Top
BikeWriter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:15 AM
Response to Original message
1. Whoa, look how many were under Bill!
Printer Friendly | Permalink |  | Top
 
Richardo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:16 AM
Response to Reply #1
2. I'll look for that in graphic form...
...it'll look GREAT.
Printer Friendly | Permalink |  | Top
 
terrya Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:21 AM
Response to Original message
3. Maybe it's just me, but...
I really don't believe how the stock market performs is a true indicator of the vitality of the economy.

To me, it's jobs. Are there plenty of quality (and I'm sorry, but I don't count those fast food jobs or the $7/hr jobs at Wal-Mart) jobs being created?

I see an economy where the disparity between the haves and have nots has grown even larger in the past 5 years. Of course, that's what happens when you give $2 trillion in tax cuts for the wealthiest 2%.

So, for the richest 2%, the ecomony is just hunky dory.
Printer Friendly | Permalink |  | Top
 
underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:26 AM
Response to Reply #3
4. That used to be the RW talking point-"The market isn't the economy!!!!"
Oh but I guess it is now.

Now let's see...gas prices have fallen through the floor..... the DOW hits an all time high....hmmmmm wonder if there is any connection there...any connection to anything else going on at this time of year.... hmmmmmmmmmmmmmm
Printer Friendly | Permalink |  | Top
 
billyskank Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:26 AM
Response to Original message
5. Woah!
On "Black Monday," 19th October 1987, the Dow fell nearly 23 percent!
Printer Friendly | Permalink |  | Top
 
One_Life_To_Give Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-28-06 07:39 AM
Response to Original message
6. DOW is still artificially inflated 1000pts
If all things were equal the DOW is effectivly 10,600. The whole "Tax Cut" was to get the uber wealthy to realocate their protfolios moving monies from more speculative investments to the Blue Chip ladden Dow. IMHO
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun May 05th 2024, 01:34 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » The DU Lounge Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC