BHO's Legacy

[ducknwork]

that's it; i must be rich......thanks for letting me know. now i can sell my 2 bedroom ranch and buy a mansion and 2 summer homes, the matched set of purdeys, and a couple FC-AFC dogs to run while my NFC sired pups are on Lardy's truck getting trained up. while i'm at it, i think i'll make plans to fish patagonia and Chile for a couple months next winter.....

thanks for the suggestion!

that's what rich people do.

what i do is get up at 4:30am to be at work for 6am, work til 4, go back to my modest little ranch house for a little R & R, and get to bed at a reasonable hour so that i can do it again the next day. that's been my routine for going on 36 years now. i have no complaints.

you claim that the "lefties" such as myself want everthing handed to them. you guys bitc# and moan because an economic disaster 10 years in the making hasn't made a complete turnaround in the past year........

negativity is not the way to good things, on a personal OR national level.-Paul

Ok, so, you are not rich and your reading comprehension leaves something to be desired as well. Did you miss that little word in my post...you know the one...UNEMPLOYED...Sounds like you have a job to me, although I may be interpreting something wrong. I may be wrong, but I don't recall claiming that 'lefties' such as you want handouts. I know I have complained about handouts, but I don't remember singling out anyone.

I think you are getting all offended over nothing. If you don't think so, go back and read my post again, this time without the chip on your shoulder.

[Marvin S]

Posted 3-2-2009
I disagree…I think his legacy will be a reawakening of the middle class and this will NOT be good for liberals.

Prophetic

What a difference a year makes. Since 3/9/2009, the DOW is up 61% and NASDAQ is up 84%. Is that recovery and much a part of Obama's legacy as KG and company appeared to think the drop was after less than two months in office?

It only went a little beyond the drop in October 2008 that happened when it appeared he was going to win the POTUS.

I don't understand why you aren't trumpeting the REALLY good news, Jeff....: there were ONLY an additional 32,000 unemployed last month! I wonder if those 32,000 are happy that the DJIA is up 61% and the NASDAQ up 84%? I'm guessing NOT. Do you want to compare TOTAL unemployment numbers NOW with what they were on 3/9/09? C'mon....you're a big boy....go for an apples-to-apples comparison if you don't mind a good stomach-churning revelation....but then reality's never been of much interest to those that sit near the top....or think they do.... k g

The DOW is not a good indicator - too many weighting variables in 30 stocks - which are also changed regularly. The goal really needs to be the DOW 14K+ that was reached in 10-07 .

...Sounds like you have a job to me,

Paul has a very good job - he is involved with building water displacement devices, which raise the ocean's water level -

"Actually".......the recovery is due in large part to the system (that started a while before Obama was Pres) and the resiliancy of the economy and the dogged determination and entrepenuerial spirit of Americans.

Ever notice how the market rises are soon torpedoed by the POTUS or one of his minions getting on the air & saying something really stupid?

US Health Care stocks are in a sideways movement though HC costs are rising around 15-17% yearly. & I am sure the HC companies are doing better profitwise. So the culprit must be the HC bill that very few want. But we have an Indian HC stock & added to it in 3-09 that has more than tripled since that time .

In energy & alternative uses, the POTUS brought it up, threw some money at it & forgot about it, too busy on TV promoting socialism. We were going to do the smart grid, a value added initiative that would have added many jobs in the construction industry, where is that now?

This administration is clueless about the economy but I expect some changes this October & coupled with the entrepeneurs in our society things will begin the turn around.

[YardleyLabs]

...
It only went a little beyond the drop in October 2008 that happened when it appeared he was going to win the POTUS.

The DOW is not a good indicator - too many weighting variables in 30 stocks - which are also changed regularly. The goal really needs to be the DOW 14K+ that was reached in 10-07 .
...

So you remain in the school that not only blames Obama for stock losses after he became president, but also from before he was even elected. And yet, with all that blame, he gets no credit for rises a year later. Interesting logic. It must be something you can only see if you are care to only use your "right" eye.

I agree that the DOW is a limited indicator of stock performance. It happened to be the least impressive of the major indicators. The S&P was up 64% and NASDAQ was up more than 80% from a year ago.

[Marvin S]

So you remain in the school that not only blames Obama for stock losses after he became president, but also from before he was even elected. And yet, with all that blame, he gets no credit for rises a year later. Interesting logic. It must be something you can only see if you are care to only use your "right" eye.

I am in the group that believe he & his minions are clueless about getting an economy revived by adding real value. & I am concerned that we will not get him out of the drivers seat before he causes a real wreck .

I agree that the DOW is a limited indicator of stock performance. It happened to be the least impressive of the major indicators. The S&P was up 64% and NASDAQ was up more than 80% from a year ago.

Those indices only mean something as a comparator if one has skin in the game. I actually judge my individual performance by comparing to the mutual fund performance of those funds that we own which are managed by what I believe to be professionals.

[YardleyLabs]

I am in the group that believe he & his minions are clueless about getting an economy revived by adding real value. & I am concerned that we will not get him out of the drivers seat before he causes a real wreck .

And that makes him responsible for stock market losses before he was even elected?????

Those indices only mean something as a comparator if one has skin in the game. I actually judge my individual performance by comparing to the mutual fund performance of those funds that we own which are managed by what I believe to be professionals.

That is fine for measuring your own portfolio, but I'm not sure it provides a better measure of the market as a whole. I actually posted a variety of indicators of economic performance since Obama took office: the DOW, the S&P, the NASDAQ, GDP, jobs lost, etc. By virtually every indicator except debt, which I stated was a serious issue, the economy has done nothing but improve since the beginning of April 2009 when the first components of the administration's economic policy went into effect. I would love to see the numbers analysis that shows how things have gotten worse in the economy. I too would love to see the DOW back at 14000. Maybe when it gets there the next time it won't be as a result of a pure bubble financed through deficits (regardless of whether they were brought to us by Republican tax cuts or Democratic spending, or a mix of both), consumer debt, and housing prices that reflected only fantasy dreams.

[K G]

ok Keith,

but now i have to admit that i am mystified as to why you started the thread in the first place.-Paul

I'd have to be able to think back to that day as to why, Paul. If it disappoints you that I can't do that, then I beg your forgiveness.

So is Keith.....................

Now.

But it seemed like a pretty easy target 4000 points ago.

I might be....IF....someone had not chosen to dredge it up from the depths of RTF as a reference to the "growth" in the economy. How's that worked out so far, Jeff?

Come one guys. Common sense rather than kindergarted antics would help understand this point...

The stock market means a ton to the average American when it goes down and they lose their retirement and all the money they worked hard for. But when it comes back up, who has the money to invest and benefit from it? Not 'Joe and Jane Six Pack', but the big dogs that are really running the show anyway.

What's overlooked is that MILLIONS of Americans cashed out their retirement dollars when it looked like 5k was in sight and took HUGE losses on their investments just to keep food on the table.

how do you think i have re-gained nearly half of the funds i "lost" prior to march '09?

where do you think 401k funds get invested?

and i ain't a "fat cat" by anyone's standard....-Paul

Glad you were flush, Paul...TONS of folks weren't.

Where are the jobs that should be in existence since the economy is in such wonderful condition (according to the DJIA, of course)?

It's difficult to contribute to your 401k when you are unemployed...unless of course you are rich...

My point exactly....and Paul, THIS is why I chose to "expand" this post from it's original topic. I'm at a loss as to why that bothers you so, since it's only a natural progression of "net conversation."

I am in the group that believe he & his minions are clueless about getting an economy revived by adding real value. & I am concerned that we will not get him out of the drivers seat before he causes a real wreck .

Pretty much sums up in a nutshell the problem that our country has right now. A growing majority of Americans DO NOT WANT BHO's health care plan in ANY form...."start from scratch," they say....but he ain't havin' it, all while the economy trudges along at a snail's pace and we continue to lose jobs....all while the Wall Streeters collect their bonuses. "Clueless" is an understatement.

k g

[Marvin S]

That is fine for measuring your own portfolio, but I'm not sure it provides a better measure of the market as a whole. I actually posted a variety of indicators of economic performance since Obama took office: the DOW, the S&P, the NASDAQ, GDP, jobs lost, etc. By virtually every indicator except debt, which I stated was a serious issue, the economy has done nothing but improve since the beginning of April 2009 when the first components of the administration's economic policy went into effect. I would love to see the numbers analysis that shows how things have gotten worse in the economy. I too would love to see the DOW back at 14000. Maybe when it gets there the next time it won't be as a result of a pure bubble financed through deficits (regardless of whether they were brought to us by Republican tax cuts or Democratic spending, or a mix of both), consumer debt, and housing prices that reflected only fantasy dreams.

You can post all the numbers you want, I don't see the improvement you talk about. What I do see is a lot of companies who are going to do as jobless a growth as is possible, as the various governments are making it too expensive to employ people who can only marginally pay for themselves & many are not worth the trouble they can cause. The country now has developed too large an underclass to cover for it & no variety of programs are going to alleviate that.

I to hope to see 14K+ someday, during the downturn I was a serious buyer & our portfolio is as large by the only measure that counts as it was at the 14K+ level . I missed some because their bottom time was very brief or I fished too low but overall was satisfied with the catch. I posted on this forum that it was a buying opportunity that comes along rarely, I just hope some of the RTFer's followed that path.

What I am a little disappointed in is the minimal effort the POTUS has expended on alternate energy. I really wanted to see the smart grid, the value it would add & the good jobs it would bring. Apparently there are too few opp's to get your mug on TV. But as an alternative I did invest in a battery company that has more than doubled, it's just not smart technology. I did read recently that "fracking" has released enough natural gas that we now have a 100 year supply, I hope that don't reduce the will to get our dependence on others to a minimum. I do read enough that tells me there are people out there who are doing the correct thing regarding upgrading our infrastructure, hopefully the political class will see fit to provide the policy to allow that to happen.