Dow declines 6200 under shrub and pubs wail about 1600 point drop since mid Jan.

[TWiley]

The republicans are whining in mass about the 1600 point drop since Mr. Obama took office, and completely ignore the 6200 drop under Bush. How is this a condemnation of Mr. Obama's stimulus, and a vindication of policy under shrub? Why is every talking head on the news saying this is a condemnation of the new administration?

Does anyone else find this annoying?

[spanone]

1. that's a big K and R

it's not only the pubs....it's THE LIBRUL MEDIA

[TTUBatfan2008]

2. Actually, Rush is blaming everything since November 4th on Obama...

[RUMMYisFROSTED]

6. November 4, 2006.

[TTUBatfan2008]

10. True as well...

[dysfunctional press]

3. even though the current slide is still a continuation of the one dumbya started...

1600 points in 6 weeks IS a much steeper drop than 6200 points in 8 years.

just sayin'...

[TWiley]

5. not in 8 years .... more like 12 months Oct 07 to Oct 08

actually, we just passed the low that was set last fall.

[spanone]

7. 2007 october the dow was over 14,000....not 8 years

[dysfunctional press]

17. even over a year then- the latest slide is the steepest.

do the math.

[HughMoran]

9. Who needs the "liberal" media distortion with uninformed DUers like you

:eyes:

[TahitiNut]

16. Gotta love that September-October PLUNGE ... the most rapid decline EVAH.

Unfuckingbelievable.

On September 26, the DJIA was 11,143
On October 10, the DJIA was 8,451

Wow.

[dysfunctional press]

18. at least i know how to read...

and i stated quite clearly(for most people) that even the recent slide belonged to bush.

but i do have to commend you on a quite apropos screen name. :hi:

[HughMoran]

19. just sayin'

Typical hard head - you can't admit how wrong your "8 years" remark was. And you think you're the first to make fun of my name that makes fun of RW morans? :rofl: Ooooook - real sophisticated there! :eyes:

[dysfunctional press]

25. the poster i replied to didn't express a time frame, either...

just that the "dow declined 6200 under shrub", so i assumed he was referring to the entire stretch of the presidency.
but then- nuance doesn't really appear to be your strong suit...do you even have a strong suit? :shrug:

[HughMoran]

4. Doesn't matter - short-term thinking is for morons

It took Bush 8 years to get us into this mess...

[AndyA]

8. Now there you go again letting FACTS get in the way of all the GOP RHETORIC

Republicans don't like facts. It's a dirty word to them.

[barbtries]

11. it's why i don't watch it

too annoying. frustrating. maddening. bullshit. i already have high blood pressure.

[jasmeel]

12. beyond annoyed

[Johonny]

13. the same reason

they said nothing the 6 years the DOW bounced around 10,000 and yet the economy was doing great! Then a ~ 1year run up to 14,000 is proof Bushes tax cuts 6 years earlier were the cause... In other words these people don't know economics so why do so many listen?

[TWiley]

21. Huge weapons, energy, and phoney financial gains drove the index to its Oct 07 peak

All the while jobs were being lost in the manufacturing sector which is the real American birth right.

[Deja Q]

14. Myopic microcephalic morons.

What's left to say about them? Except they're pigs.

[Uzybone]

15. Its as if Bush didn't happen

the media is amazing.

[adamuu]

20. K&R n/t

[B Calm]

22. It's what republicans do. They create a big mess and then when the

voters have enough, they put in democrats to clean up their mess. Then the republicans sit back on their big fat hemorrhoid asses and point their shit stained fingers at the democrats.

The only solution to this madness is to leave the democrats in charge.

[TWiley]

23. Boy, that sure happened in Michigan

we still have not recovered from the miserable years under Governor "pot hole" Engler

[cabbage08]

24. K&R. off to the greatest for you

[GeorgeGist]

26. According to your 'logic'...

it will only take Obama until July 1 to finish what Bush started.

[TWiley]

27. We are about 18 months into this recession.

Dont you feel that it is silly to blame someone who has been in office for 6 weeks, and vincicate the ones who were in power for 8 years?

Unfortunately, the market will shed a little more. It is my hope that it will bottom around 6200. The recent drop you are referring to is called "capitulation" and it is the final phase of the market cycle before recovery.

[yodoobo]

28. In private, even the pubs know Obama was going to lift the market

Most the of the pubs I talked to thought Obama was going to lift the market even though they were then quick to rant about how "bad" he was.

So they feel doubly wrong. They don't want to admit having hope in Obama and they don't want to admit that they were wrong about Obama saving the market. So they take their anger out on Obama.

Bear in mind also, that if the market went up they would give credit to Bush. If it fell they were always going to blame Obama.