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Wow, all those new Republicans in Congress are great for business - just look at the stock mkt since

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spooky3 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 11:22 AM
Original message
Wow, all those new Republicans in Congress are great for business - just look at the stock mkt since
Edited on Tue Nov-16-10 11:23 AM by spooky3
the election!

http://chart.finance.yahoo.com/z?s=%5eDJI&t=3m&q=&l=&z=l&p=s&a=v&p=s〈=en-US®ion=US

:sarcasm:

Maybe Keith should alternate his "Mr. Boehner, where are the jobs?" with "Mr. Boehner, where is my 401k going?"
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 11:42 AM
Response to Original message
1. It's Europe again. And this is not helpful to Dems.
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spooky3 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 11:49 AM
Response to Reply #1
2. It's not helpful to anyone. But my point is that the meme that's been out there for years
is simply wrong.

There is also research indicating that the stock market does better during Dem. presidencies than during Rep. presidencies.

I believe many top execs. vote in what they mistakenly believe is in their PERSONAL best interests (e.g., keeps their taxes low) rather than in what is best for their companies and stockholders.
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GSLevel9 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 12:09 PM
Response to Original message
3. and the Republican plot inches forward.
Doesn't everyone get it yet?

From 2009-2010 the Pubs sat in the back seat of the car, drilling holes in the gas tank, puncturing the tires, dragging their feet...

And yelling at the driver for going too slow.

When the car arrived to the picnic 3 hours late the picnic goers blamed the driver.





So now the Pubs have moved into the passenger seat, but the DEMS are still driving. The Pubs are playing with the radio, giving bad directions, turning the wipers on and reading a newspaper unfolded in the drivers face.

The Pubs don't want the car to get to the party on time.

As long as the DEMS are driving the car (Senate and WH) the DEMS will be blamed (or credited) for all that is good/bad with the economy.

Now listen closely...

There are very powerful interests out there that won't ALLOW the economy to thrive with Obama and Co. in charge. They will sacrifice the American public rather than see the DEMS succeed. The economy WON'T improve in the next 2 years unless the DEMS seriously shine the light of truth on the Pubs games and their Corporate masters.

It's no longer about textbook macro-economic theory... it's politics.
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Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 12:25 PM
Response to Reply #3
4. For some reason the dems in office are afraid to fight
It seems most of them forget why they got elected
or why they even ran for office.
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NashVegas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 12:36 PM
Response to Original message
5. If Repukes Are Bad for Wall St
Edited on Tue Nov-16-10 12:36 PM by NashVegas
Where do I sign up?
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 12:41 PM
Response to Original message
6. Bullshit,
Sorry, but the DIJ isn't indicative of anything than how those thirty companies are doing in relation to the rest of the country and world. It doesn't reflect on the policies of Democrats or 'Pugs, and those who try to draw such inferences are foolish.
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spooky3 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 02:41 PM
Response to Reply #6
7. I think you missed the point altogether.
Edited on Tue Nov-16-10 02:48 PM by spooky3
Please see my second post, above.

The point is that REPUBLICANS often argue that the Dems. create a bad climate business, that the climate for business affects profits, which in turn affect stock prices, etc., etc., etc. Yet there continues to be little or no evidence (choose whatever measures you prefer) that this is true. And, not to your surprise or mine, stock buyers have not hailed the incoming Congress as any type of signal of good things to come for them. I'm not attempting to argue that the only factors that affect stock prices reflected in the DJIA (or the S&P 500, whose performance is highly correlated with it) are the parties of the President or even the Congress. That's a completely different topic.
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