variation30 -> RE: THE PEOPLE HAS SPOKEN (11/5/2008 11:00:35 AM)
|
quote:
ORIGINAL: JumpingJax I am very interested in how history will judge Bush. There will be no doubt that he made some mistakes but he faced some challenges that no one ever saw coming. As for FDR... there are many that would say he was one of our greatest presidents. He must have been pretty amazing to be elected to 4 terms. Again another president who faced some real challenges that no one would have seen coming when he was first elected. fdr was one of our worst presidents, second only to lincoln (woodrow wilson and bush tie for a distant 3rd, if you ask me). and fdr 'saw' the challenges when he was elected (as he was elected in 32). his policies extended and worsened the depression. he stripped property and rights from americans in an unprecedented manner. hell, if Jefferson was alive, he would have pushed fdr's wheelchair down a large flight of stairs. I don't even know where to start with fdr...though I'd probably start with him making it illegal to 'horde' gold and then confiscating citizens private property in accordance to his new decree. quote:
And oh yeah the stock market has a very big impact on the economy. Buying stock is what allows companies to expand. If their is confidence in the stock market and companies feel good about offering ipo's that all equates to new jobs. This is one of the reasons that the Clinton years get some much credit for a good economy. It wasn't really anything he did - it was just a great boom, driven by the new internet, in the Stock market that we all benefited from. you may have just found the truth in your false statement. for instance, if the stocks were solid because of the internet boom and if the internet boom turned out to be without substance and caused great turmoil for investors...would you not say that the stocks which appeared good were, in fact, a false indicator of the quality of our economy? edit: though to be more specific, the internet boom had a lot to do with artificially low interest rates which created over-capitalization...which encouraged people to invest where they normally would save... so because of this false indicator of how much demand there actually was, companies invested in production and produced goods that there was not a market for...which led to these companies failing miserably. granted, I need a lot more space than what is allowed in this thread without derailing it to make this point adequetly, but I think you get the point. if you want to know waht the stock market actually is, look up shit like sarbanes oxley. it's more of a regulatory rool than a market for stocks... but even at its best, it only says what is predicts what people think stocks in a company are worth, it does not represent actual production. A lot of people don't understand this. the stock market has nothing to do with the goods or capital that actually exist.
|
|
|
|