willbeurdaddy -> RE: Palin on the road Bachman on TV and headed to Iowa (5/31/2011 10:14:40 AM)
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ORIGINAL: Hillwilliam quote:
ORIGINAL: willbeurdaddy quote:
ORIGINAL: Hillwilliam quote:
ORIGINAL: willbeurdaddy No, neither has a chance for the GOP nomination, and the two of them plus Ron Paul are the only "contenders" that I can see losing to Obama without an economic miracle. The week of Jan 20, 2009, the DJIA was 8077. As of 10:20 EDT it is 12505. This is an increase of about 50% in less than 2.5 years. I wouldn't call it a miracle but I'd call it pretty damn good. You make the common mistake of thinking the stock market = the economy. It doesnt. You also make the common mistakes of not realizing that the drop in the stock market was a government induced panic that was totally unnecessary, and that the recovery in the stock market begain when it was clear that the Dems would be soundly defeated last November. None of that bodes well for Obama. And today's housing news is even worse for him. The economy cant recover as long as housing prices keep dropping and Washington facilitates the banks not recognizing those losses. The stock market isnt the economy, that is correct. it is one of several dozen factors driving it including "Consumer confidence" When the market is rising, consumer confidence (rightly or wrongly) tends to rise too. It is the most common indicator that joe six pack looks to to see how things are going. Im gonna have to call bullshit, though, on your claim that the market started rising when it became clear that the Dems would lose last november. DJIA week of Jan 20, 2009. 8077 DJIA week of Sept 30 (a month before the election) 10788. 25% increase BEFORE it became clear the D side was gonna take a bath. Are you kidding? The bloodbath in November was clear in July, possibly earlier.
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