Comments (25) (Please sign in to comment)

1. 

   Gore Bane said, 5 months ago

   Crisis not averted. Sequestration would have been better.
2. 

   Ms. Ima said, 5 months ago

   O wins, America loses.
   I did do pretty good on the stock market yesterday, enough to buy a new car. Too bad the government will take about half of the gains when I retire.
3. 

   Chillbilly said, 5 months ago

   So you got a new car with your stock “earnings” (which are technically “unearnings”) and will have enough money in the bank when you retire to have your capital gains taxed from deferred investments, and you’re LOSING?
   .
   Do you want some cheese with that whine?
4. 

   Gary Williams said, 5 months ago

   I do not see the concern over debt. Dick Cheney said that Reagan proved that deficits do not mean anything. Ronald left the legacy of completely out of control fiscal policy that every president except Clinton has fed upon with increased vigor. Obama is the latest version of the Reagan madness.
5. 

   jack75287 said, 5 months ago

   Let’s all thank President Obama for making 99.6 percent of President Bush’s tax cuts permanent. But didn’t the left say the Bush tax cuts are bad. How can that be when the left also says Obama is Good.
6. 

   Mhic Dhu Ghaill said, 5 months ago

   Hey Folks, you know that Mr.Ima did not “make” a penny unless, he actually sold stock and had the $$$ deposited in a BANK.
7. 

   zoidknight said, 5 months ago

   @Gary Williams

   Nice try and Obama racked up a debt higher than all the other presidents in the last 40 years combined and he did it in 4 years.
8. 

   mickey1339 said, 5 months ago

   @Ms. Ima

   “I did do pretty good on the stock market yesterday, enough to buy a new car.”
   *
   It’s not profit until you sell. Odds are this little feel good rally will correct, people will take profits and your “gains” will diminish…
9. 

   Radish said, 5 months ago

   Elementary school children often do well betting on the stock market with play money.
10. 

    DrCanuck said, 5 months ago

    @Ms. Ima

    Mr. Ima said, “O wins, America loses.
    I did do pretty good on the stock market yesterday…”

    
    And was your increase due to higher production of some manufacturing or some better services? Or did the buyers and sellers simply jack up the prices based on nothing? In a word, who lost, such that you could have won?
11. 

    M Ster said, 5 months ago

    @zoidknight

    “Nice try and Obama racked up a debt higher than all the other presidents in the last 40 years combined and he did it in 4 years.”

    Zoid, facts matter. The latest debt figure is $16.4 trillion. W Bush’s last budget period ended in Sep 2009 and the debt was $11.9 trillion.
    *
    But since you are pointing fingers, W Bush came in with a $5.9 trillion debt (as of Sep 2001) and left with an $11.9 trillion debt (as of Sep 2009). HE REALLY DID RACK UP MORE DEBT THAN ALL OF PAST PRESIDENTS COMBINED.
    *
    I encourage you to verify these numbers. Here’s a link: http://useconomy.about.com/od/usdebtanddeficit/a/National-Debt-by-Year.htm
    Here’s another one: http://home.adelphi.edu/sbloch/deficits.html
12. 

    jack75287 said, 5 months ago

    http://www.cnn.com/2013/01/03/opinion/zelizer-shadow-bush/index.html?hpt=hp_c1
13. 

    Eryx said, 5 months ago

    @jack75287

    Here is the shadow of Bush that we live under:
    
    http://m.dailykos.com/story/2012/12/30/1174469/-The-national-debt-Republicans-built-that
14. 

    swr said, 5 months ago

    @Mhic Dhu Ghaill

    Depends, are the quarterly earnings and capital gains being reinvested and what is the time line till you need the money.
    And by the same token if the market tanks the same amount or more he didn’t “lose” any money either.
    Stratagy and time lines are the final answer.
15. 

    swr said, 5 months ago

    @Radish

    It’s called the “Random walk down Wall St.”
16. Load the rest of the comments (10).