Biden economic advisor Bernstein explains why media focus on stock market losses since Election Day is misleading
March 03, 2009 7:37 pm ET
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Are you an idiot? The market stated declining in MAY of 2008, and it's been pretty close to a linear declining trend ever since then. Obama and McCain were neck-n-neck, statistically tied until the big 700 pt crash in September, only AFTER which Obama pulled ahead. Your party's philosophy of deregulation and turning a blind eye to corporate greed caused this mess. The few democrats tha went along only share the blame proportionate to how much the followed YOUR LOT'S CORE PHILOSOPHY!
It is utter nonsense to suggest that the lats 5 weeks are somehow independant from the same trend starting 5 to 10 months prior. Utter. Nonsense. Name ONE THING that Obama has done that would have a direct negative impact on the stock market? Oh yeah - that would be NOTHING. What he doing is in response to the pre-exsisting market conditions that he inhereited from George Wanker Bush. And his proposals are in contrast to your party's which would be: keep doing the same thing that got us here, or do nothing. Great ideas, Poindexter. You're either insulting the intellingence of everyone around you, or you possess very little yourself. Either way you are nothing more than an overflowing font of ignorance.
>>The American investor can plainly see the direction Obama and Biden are taking this country and they, the investor, are reacting appropriately
Yes, which is why Obamma has such a high approval rating. Just keep believing your own propaganda and Obamma will be elected by an even larger margin in 2012.
obama said the market is like a tracking poll. he clearly does not know what he is talking about. the market discounts the future, and does not like what it sees.
obama's ratings are not that high. he's 20 pts behind where reagan was at this stage.
Obama has made radical changes his first 5 weeks in office but none of these changes has caused a positive change in the way investors see America.
WTF? WHAT "radical changes"? He hasn't even had time to change the curtains yet. The sign on the office door still says "George W. Bush." (But the new sign arrives next week, I'm told.) Are you out of your mind? Do you honestly think that ONE PIECE of legislation was even supposed to fix everything, overnight, before a single penny of the money was spent?
The problem here is that Obama's supporters are far more realistic that the "flowers and unicorns" charicitures that your lot made them out to be. And the "flowers and unicorns" promises that he supposedly made were nothing more than distortions of what he actually said, made by those on the Right. I don't know how long this thing will take to turn around, but there's no reason to believe it will happen before the FUNDAMENTAL problems with the economy (starting with the credit market) are fixed. And there's no reason to think that will happen untiil well after some of this stimulus money hits the states and people start spending again, once their jobs are just a little less in jeopardy, and some of their bills are paid down. (WHich won't happen at all with soem amssive gov't speding. Those of us who TOOK & ACED Macro-Econ understand this.) OTH - you guys proposed doing either NOTHING, or doing MORE OF THE SAME. You never really dealt with that, dude. What's more - the only people who thought that Obama would fix everything overnight were his critics. Way to set some realistic expectations, dude. Really objective of you. He hasn't fixed the biggest economic mess we've seen in over 70 years in 5 weeks. What a bum. You guys have lost your collective minds. You are all being absolutely absurd with this nonsense.