Political cartoons

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[urbanlibertarian]

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[urbanlibertarian]

[urbanlibertarian]

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[JeffreyS]

Jan 20, 2009 Obama sworn in Dow Jones 7,949.09
Sep 29, 2011  Dow Jones 11,153.98.  Up 3204.89 over 40% in Two and a half years incredible, amazing no less than fantastic.

[buckethead]

I share your sense of amazement, but for a differnet reason.

The stock market is up nominally, after a huge drop. A Bush era drop. Bush had a plan to prop the market up: TARP. Followed by Stimulus+Stimulus+Operation Twist+more to come. (The latter brought to us by a democrat controlled congress and president Obama)

The market is up when compared to 08/09, but only nominally. The inflation that doesn't exist , along with the devaluation of currency make any nominal gains into window dressing.

What is amazing is how Americans tolerated the propping up of failed business models with taxpayer dollars (our children's wealth, more accurately) taken in debt and by the devaluation of currency.

But hey!, nominal gains paint a rosy picture!

[ChriswUfGator]

I share your sense of amazement, but for a differnet reason.

The stock market is up nominally, after a huge drop. A Bush era drop. Bush had a plan to prop the market up: TARP. Followed by Stimulus+Stimulus+Operation Twist+more to come. (The latter brought to us by a democrat controlled congress and president Obama)

The market is up when compared to 08/09, but only nominally. The inflation that doesn't exist , along with the devaluation of currency make any nominal gains into window dressing.

What is amazing is how Americans tolerated the propping up of failed business models with taxpayer dollars (our children's wealth, more accurately) taken in debt and by the devaluation of currency.

But hey!, nominal gains paint a rosy picture!

The DJIA is at 10913.38, as of Friday's close.

A 60.72% improvement compared to 2009's lows in the 6600's. Since when is 60%+ considered 'nominal'?

Not trying to start an argument, but if we are going to judge presidents by the stock market, then the market has spoken.

Not that I personally believe the two are related, other than an exceptionally bad president certainly has the ability to wreck the stock market, but that's mainly related to his ability to wreck the country as a whole by starting useless wars, overspending the treasury, etc. Outside of that, I'm not sure the two are really related, though.

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[urbanlibertarian]

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