Bush only got talked into ONE bail-out….TARP…at the very end of his 8 year term…..and that was to the banks who were supposed to repay all the federal money.-Obama isn’t messing with the Stock Market….the Federal Reserve is……monthly buys of bonds and assets to the tune of $85 Billion until unemployment drops from 7.9% to 6.5%!….this may be a Fed Reserve Bubble….perhaps bringing on another Recession? The DOW is not rising on citizens buying and selling which would point to a recovering economy; it is rising on Treasury Pumping Monopoly Money into the NYSE.
Thanks, Howie, for recognizing that Bush’s deregulation crashed the market, it hit its lowest point as Obama was getting started, and Obama’s stimulus brought it back to where it was. It is too bad that while all of the benefits are going to the top 2% — stocks may be up, but employment and wages in the private sector are stagnant — and that all of the punishment that the GOP wants to dole out hits the poorest of the poor, the rich are of course untouchable.
The DOW is doing well, but according to these articles and some more I found, 9% of our citizens OWN nearly 90% of the wealth. ^http://www.nytimes.com/books/first/s/stanley-millionaire.html^http://www2.ucsc.edu/whorulesamerica/power/wealth.html^Even Switzerland’s citizens and gov’t feel the difference between the those who have and those who have too little is to wide and on Sunday will vote on capping executive bonuses.^http://www.cnbc.com/id/100515524?utm_source=dlvr.it&utm_medium=twitter^There’s nothing wrong with being wealthy, but how can a nation be great AND United if 9 of every 10 dollars is in the hands of 1 out every 10 citizens?Respectfully,C.
^But the feudalism current Republican policies call for, has failed many times. REGULATED capitalism is the only format that has worked, and “Reaganomics” abandons that.
True but in ‘07 the FED’s ballance sheet showed we owed $890B to day over $3T, so when you own the printing press you can make believe all you want, PresBo’s fake Dow high.
Yup PresBo sure has, it’s only cost us $3T of fiat, FED notes, with no end in sight, Bernanke gets all the paper Barry need to make like we are afloat. House of cards.
PresBo bailed out the UAW at GM and Chrysler and now FIAT owns “the new Chrysler”. Soon GM will die again, check out the real sales figures. GM ships em to the dealer, counts as a sale even tho Ally Bank holds the note.
pirate227 about 11 years ago
Worst. Socialist. Ever.
disgustedtaxpayer about 11 years ago
Bush only got talked into ONE bail-out….TARP…at the very end of his 8 year term…..and that was to the banks who were supposed to repay all the federal money.-Obama isn’t messing with the Stock Market….the Federal Reserve is……monthly buys of bonds and assets to the tune of $85 Billion until unemployment drops from 7.9% to 6.5%!….this may be a Fed Reserve Bubble….perhaps bringing on another Recession? The DOW is not rising on citizens buying and selling which would point to a recovering economy; it is rising on Treasury Pumping Monopoly Money into the NYSE.
ARodney about 11 years ago
Thanks, Howie, for recognizing that Bush’s deregulation crashed the market, it hit its lowest point as Obama was getting started, and Obama’s stimulus brought it back to where it was. It is too bad that while all of the benefits are going to the top 2% — stocks may be up, but employment and wages in the private sector are stagnant — and that all of the punishment that the GOP wants to dole out hits the poorest of the poor, the rich are of course untouchable.
chazandru about 11 years ago
The DOW is doing well, but according to these articles and some more I found, 9% of our citizens OWN nearly 90% of the wealth. ^http://www.nytimes.com/books/first/s/stanley-millionaire.html^http://www2.ucsc.edu/whorulesamerica/power/wealth.html^Even Switzerland’s citizens and gov’t feel the difference between the those who have and those who have too little is to wide and on Sunday will vote on capping executive bonuses.^http://www.cnbc.com/id/100515524?utm_source=dlvr.it&utm_medium=twitter^There’s nothing wrong with being wealthy, but how can a nation be great AND United if 9 of every 10 dollars is in the hands of 1 out every 10 citizens?Respectfully,C.
Dtroutma about 11 years ago
^But the feudalism current Republican policies call for, has failed many times. REGULATED capitalism is the only format that has worked, and “Reaganomics” abandons that.
dannysixpack about 11 years ago
capitalism certainly worked wonderfully in nazi germany.
lonecat about 11 years ago
Corporations have figured out how to make a lot of money without employing people — or at least without employing people in the US.
PAULHARVEY about 11 years ago
True but in ‘07 the FED’s ballance sheet showed we owed $890B to day over $3T, so when you own the printing press you can make believe all you want, PresBo’s fake Dow high.
PAULHARVEY about 11 years ago
Yup PresBo sure has, it’s only cost us $3T of fiat, FED notes, with no end in sight, Bernanke gets all the paper Barry need to make like we are afloat. House of cards.
PAULHARVEY about 11 years ago
PresBo bailed out the UAW at GM and Chrysler and now FIAT owns “the new Chrysler”. Soon GM will die again, check out the real sales figures. GM ships em to the dealer, counts as a sale even tho Ally Bank holds the note.