General Discussion
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(23,926 posts)Progressive dog
(6,899 posts)Pretzel_Warrior
(8,361 posts)AverageJoe90
(10,745 posts)You can't help but wonder sometimes.....
BlancheSplanchnik
(20,219 posts)Called it!
Hekate
(90,564 posts)awoke_in_2003
(34,582 posts)spanone
(135,795 posts)NuclearDem
(16,184 posts)And color me confused, but I missed the withdrawal from Afghanistan.
Pretzel_Warrior
(8,361 posts)you may also want to research how stock price typically reflects valuation of a company based on expected growth from current level. many regular joe blow citizens have retirement accounts pegged to indexes. As those indexes go up, their 401k's and IRA's increase in value. Additionally, it speaks to a general economic climate that will spur hiring as companies grow and expand.
We can argue that not enough of a company's profitability makes it to labor, but it is hard to argue broad increase in company valuations by the market is not tied to the larger economic health in our country.
NuclearDem
(16,184 posts)This recovery has been terrific for Wall Street, but absolutely absent for everyone else. Wages are stagnant and most new jobs being created are shitty minimum wage jobs with little in the way of benefits.
That's not a recovery.
BlancheSplanchnik
(20,219 posts)Pukes blocked tax breaks meant to attract and keep corporations staying in US rather than moving overseas, pukes blocked and reduced stimulus amounts, blocked unemployment extension, food stamps....a zillion other actions that would have helped economy, blocked by pukes or passed during boosh.....
Way more than I can remember.
Also.....healthy stocks benefit way more than just Wall St. Wolves. Anyone with pension benefits for one thing...those programs invest in the market.
If stocks were to crash, the devastation would make what weve got now look like a picnic.
Way much more than I'm able to explain. More knowledgeable people than me here could help.
progressoid
(49,951 posts)Pretzel_Warrior
(8,361 posts)not exactly a giant spread from fat years to lean years. What was stock ownership percentage for Americans in 1940? 1950? 1960? I doubt it was above 50%.
Still, half or more of U.S. households are directly tied to stock market per your own graph. That's pretty significant percentage.
progressoid
(49,951 posts)The average working American is NOT benefiting from this "recovery".
treestar
(82,383 posts)seeing the stock market go up.
It's silly these arguments that the stock market is only for the very rich. Do they realize what happens when it crashes? Then they are willing to admit it has overall effect.
davidthegnome
(2,983 posts)Is the government still pumping billions of dollars into the stock market every month? It's not something I really keep up on because I haven't got any money to invest, but I do wonder if that's, at least in part, the reason why the stock market appears to be doing so well.
As for the wages... this is a National outrage and embarrassment. I make eight dollars an hour, without benefits - and it's not enough to survive on my own, it's not enough to go back to school. There are a lot of people on the same boat. It sucks. I guess the economic recovery kind of went over our heads, or something. It could be worse, I suppose, people like me could all be unemployed... but to call what's happening here an economic recovery for the majority, is a terrible lie.
PowerToThePeople
(9,610 posts)to keep afloat during the non-recovery.
progressoid
(49,951 posts)sheshe2
(83,656 posts)that are regaining strength after the free fall!
joshcryer
(62,269 posts)So it's technically true how it's phrased.
sakabatou
(42,141 posts)The guy saying he's the worst president would be, from behind, used by Murdoch a la sock puppet/strings.
progressoid
(49,951 posts)Especially while the income of the rest of the country stagnates or declines.
Spitfire of ATJ
(32,723 posts)America has seen it's not but DC has always been slow to catch up.
zeemike
(18,998 posts)The rest of us don't count...
Response to Playinghardball (Original post)
Name removed Message auto-removed
obxhead
(8,434 posts)but not the best.
We've yet to actually pull out from Afghanistan and 1,000's of private corporate militia with no or little government oversight still operate in Iraq.
Wall street records are based solely on the fed printing money faster than we can chop down trees and a banking industry that has nowhere else to put the money.
DADT was repealed simply to avoid a court battle.
OBL... that was a bold move that thankfully paid off. "props" on that one.
Certainly not the worst, by far, but the toon implies a rosy picture that simply doesn't exist.
Cha
(296,873 posts)"Prez is not working fast enough. If I were President I could do 10 times as fast!"
OilemFirchen
(7,143 posts)Morgan Fairchild.
sheshe2
(83,656 posts)from those that wanted him to fail.
You know, Cha. Those that really wanted to diss him~
Oh my~ 28 replies, 2265 views
sheshe2
(83,656 posts)just put salt on the wound (Ouch that stings) I meant the stain!
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Cha! Great pics~
Cha
(296,873 posts)thanks she!
mahalo she~
PowerToThePeople
(9,610 posts)I clicked this thread thinking it was something about GWB. You certainly can not tell from the title what it will be about.
Title is click fodder, lots of people took the bait.
treestar
(82,383 posts)borders on hilarious.
Gravitycollapse
(8,155 posts)Credit should be given where credit is due.
tridim
(45,358 posts)Yes, Bush threw some no-strings cash at the auto industry, failed, and then handed the bailout over to the incoming Obama administration who promptly made the bailout work.
In a few short months they'll also be taking credit for Obamacare, just watch.
Gravitycollapse
(8,155 posts)The Obama administration doesn't get credit for it for collecting the return checks.
tridim
(45,358 posts)The Bush admin provided a small bridge loan in 2008, but the bailout, restructuring and loan was stipulated and negotiated by the Obama Administration.
As much as you would apparently like to believe it, Bush did not save GM.