The Obama Boom.

[Mavdog]

Originally Posted by wmbwinn

The Dow began to plummet more precipitously the week Obama won the Democratic nomination.

Most figured accurately that the real race for the POTUS was the Dem primary race.

So, the slide took off at that point...

seems like you want to cherry pick the date to start with, it was evident months before the dnc that obama would be the nominee.

are you suggesting that investors were not aware that obama would be the nominee until the dnc? that would be ridiculous.

the dow has reacted to news on banks, bankruptcies, etc., not to obama's election.

[wmbwinn]

Originally Posted by Mavdog

seems like you want to cherry pick the date to start with, it was evident months before the dnc that obama would be the nominee.

are you suggesting that investors were not aware that obama would be the nominee until the dnc? that would be ridiculous.

the dow has reacted to news on banks, bankruptcies, etc., not to obama's election.

you can attach whatever start point you like to the crash. It is Obama's mess and he owns it.

The ongoing failure is inevitable because his policies are flawed.

He will own the disaster. He will own the failure to "right the ship". And, many attach the sinking to his policies in the first place. Others fix the sinking to Bush or even to Reagan (which is ridiculous). But, he owns it at this point. And, at the very least, he will own the failure to "right the ship".

He will fail because his policies have never worked anywhere in the world in the past.

[mcsluggo]

Originally Posted by wmbwinn

you can attach whatever start point you like to the crash. It is Obama's mess and he owns it.

The ongoing failure is inevitable because his policies are flawed.

....

sorry man... but you sound like an idiot saying that less than 2 months into a new administration. And unfortunately this seems to be the Republican party-line mantra.

I want my old GOP of cold-hearted competence back... not this screwy current mess.

[mcsluggo]

Originally Posted by wmbwinn

you can attach whatever start point you like to the crash. It is Obama's mess and he owns it.

The ongoing failure is inevitable because his policies are flawed.

He will own the disaster. He will own the failure to "right the ship". And, many attach the sinking to his policies in the first place. Others fix the sinking to Bush or even to Reagan (which is ridiculous). But, he owns it at this point. And, at the very least, he will own the failure to "right the ship".

He will fail because his policies have never worked anywhere in the world in the past.

the thing is... is that the markets will rebound no matter WHO is in office. Reagan enjoyed the benefit of Volker killing inflation, beginning at the end of the carter admin. Clinton got to cash the check of budgets returning towards surplus, (plus the tech boom, which was unrelated). Carter and Bush senior began the tough policy actions... but after they ate the poop, their successors got to cash the popularity checks.

Bush jr didn't take ANY of the needed touch economic medicine, but the economic crash still occurred on his watch, and will still have a cleansing effect, and Obama will get to cash the check of the economic recovery in 2 or so years. You can say this whether you love his policies, or you hate them. No matter what, the US economy is a strong and dynamic beast.

[wmbwinn]

Originally Posted by mcsluggo

the thing is... is that the markets will rebound no matter WHO is in office. Reagan enjoyed the benefit of Volker killing inflation, beginning at the end of the carter admin. Clinton got to cash the check of budgets returning towards surplus, (plus the tech boom, which was unrelated). Carter and Bush senior began the tough policy actions... but after they ate the poop, their successors got to cash the popularity checks.

Bush jr didn't take ANY of the needed touch economic medicine, but the economic crash still occurred on his watch, and will still have a cleansing effect, and Obama will get to cash the check of the economic recovery in 2 or so years. You can say this whether you love his policies, or you hate them. No matter what, the US economy is a strong and dynamic beast.

No president since Roosevelt has pushed towards socialism in the middle of an economic recession/depression (pick which word you like). Roosevelt tried it for a long time and it did not work and it prolonged the Depression. We exited the Depression due to massive industry to support the war effort. WWII got us out of the Depression.

Your list of examples above basically says that presidents inherit problems and blessings from the prior president and that their policies might not produce problems or blessings until the next president. Nothing wrong with your idea. But, what Obama is doing is quite different and radical. He has spent more money (that we don't have) in two months than Bush spent in 8 years. Obama makes the war effort and the other spending of Bush look like chump change. And, Obama is bending the nation into a Socialism (albeit a Democratic Socialism).

And, yes, Obama will own the failure to right the ship.

Yes, the beginning of the crash happened on Bush's watch. The problem, however, was not Bush. It was the subprime mortgage collapse. Bush and McCain and others warned about this earlier and the Congress ignored it. It was a Democrat controlled Congress who ignored the subprime disaster.

So, fine. You want to pin the collapse on Bush? Doing so is not accurate. But, if you do that, then the least you can admit is that Obama will own failing to right the ship.

From Rasmussen,

Support for the Democratic Congressional candidates fell to a new low over the past week, allowing the GOP to move slightly head for the first time in recent years in the Generic Congressional Ballot.

The latest Rasmussen Reports national telephone survey found that 41% said they would vote for their district’s Republican candidate while 39% would choose the Democrat.

Investors now favor Republicans by a 46% to 36% margin, while non-investors would vote Democratic by a 45% to 33% margin.

Democrats began the year holding a six or seven point lead over the GOP for the first several weeks of 2009. Over the past month, the gap has been smaller, with Democrats holding a two-to-four point lead.

http://www.rasmussenreports.com/publ...ssional_ballot

It only took Obama 2 months to destroy the mega wave he was riding...

So, you can see that Americans are blaming the Democrats for the fatally flawed politics that are emerging...

The Return of the Jedi (Reagan Conservatism) is coming.

[Mavdog]

Originally Posted by wmbwinn

you can attach whatever start point you like to the crash. It is Obama's mess and he owns it.

The ongoing failure is inevitable because his policies are flawed.

He will own the disaster. He will own the failure to "right the ship". And, many attach the sinking to his policies in the first place. Others fix the sinking to Bush or even to Reagan (which is ridiculous). But, he owns it at this point. And, at the very least, he will own the failure to "right the ship".

He will fail because his policies have never worked anywhere in the world in the past.

this is one of the most inane, ridiculous posts you have ever written.

not only do you put out a position that the prior economic mess obama inherited should be blamed on obama ("he owns it"), you are also saying as fact it is "inevitable" the economy is not going to improve but be a "disaster" going forward.

you've become not only chicken little but a partisan hack at the same time.

congratuations. who would have thought one could acheive so much in just one small post?

[wmbwinn]

Originally Posted by Mavdog

this is one of the most inane, ridiculous posts you have ever written.

not only do you put out a position that the prior economic mess obama inherited should be blamed on obama ("he owns it"), you are also saying as fact it is "inevitable" the economy is not going to improve but be a "disaster" going forward.

you've become not only chicken little but a partisan hack at the same time.

congratuations. who would have thought one could acheive so much in just one small post?

I am concerned about the nation. Am I a chicken little? Fine. I'm a chicken little on this economy run by this Master Obama.

Am I a partisan hack? Yes. Thank you for the compliment.

However, I am a conservative and a Jeffersonian Constitutionalist at that. I am a Federalist. Those labels are more accurate than calling me a Republican. You may recall that I don't like McCain either...