A Bear Market Rally Starts Today

[volinbham]

Trust me, I am listening. I have had these debates with BPV and others multiple times. I see what they are peddling. It is just nice how there is an excuse for anything wrong that happened economically under Bush, and 60 days into the Obama presidency everything is his fault.

Here it is in a nutshell:

Bush had a positive effect on economic growth, anything bad was market driven outside of his control.

Obama has a negative effect. Anything good with the market is due to natural economic cycles.

How about this:

What Bush did right
1. Tax cuts in recession

What Bush did wrong
1. Excessive spending, large deficits
2. Not pushing hard enough for house finance reform

Bush economic score = C

What Obama has done right
1.

What Obama has done wrong
1. Support non-stimulative massive spending
2. Send mixed signals via Geithner
3. Talk down the economy
4. Signal massive spending via more government involvement in HC, Ed, Energy and Banking

Obama economic score = D-

Net? The economic cycle is fairly resilient. Bush gave it an appropriate short term kick with tax cuts but failed in other areas.

Obama has given nothing but economically hostile messages and programs. These work against the economic cycle - it will prevail despite his actions but he is certainly not helping.

 

[T-TownVol]

I don't want socialism, and there are major differences I have with Obama on some of his initiatives. I am just talking about how the debate is being framed here.

and how's that going for ya theeere Skippy?

 

[WA_Vol]

How about this:

What Bush did right
1. Tax cuts in recession

What Bush did wrong
1. Everything else

Fixed your post

 

[T-TownVol]

Fixed your post

i notice that you made no changes to the BHO portion of the post

 

[VolsNSkinsFan]

great move here into the close...

the S&P500 wants to touch its 200 day moving average which is at 820. Thats about a 20% move from here

http://stockcharts.com/charts/gallery.html?$SPX

 

[OrangeYankee]

The last six months of Bush's term were a disaster too. I honestly think this economy was a net result of the media doom and glooming it to death once the housing bubble bursting became a reality. Then the stupid bailouts started coming down (Which yes Bush stupidly pushed for). Then Obama comes in, and the looters go crazy, while still pushing more bailouts. Washington in general is at fault and has done it's best over the last ten years to exasperate the impending crash from stupid decisions it made over the course of the last thirty (Hello Fair Housing Act). This is not a Democrat or a Republican is at fault issue in my eyes. Bush gave tax cuts that were good, yes, but you can't increase Government by 60% and think that those cuts would make any difference (volinbahm eluded to that). The Federal Government is out of control in their incompitance and greed, and we are focused on which color is winning instead of what these weasles are doing to our Country's future.