Bush Economy Pushes Dow Past 14,000 in 4th Straight Record Close »
Posted by: bobo-in-texas 1 year, 1 month ago126 Comments Report this Story
NEW YORK (AP) -- The Dow Jones industrial average swept past 14,000 for the first time Tuesday after a mostly tame inflation reading gave investors reason to extend an extraordinary Wall Street rally.
Read Full Story at biz.yahoo.com
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spkguy1 year, 1 month ago
INDEX INTELLIGENCE: Dow 14,000â;¦ Bull Market or Mere Bull?
The Dow Jones Industrial Average ($INDU) has enjoyed a five-day winning streak that has helped push the 111-year old index beyond the psychologically important 14,000 level. Some market watchers view the Dow's moves to new highs as a sign that the bull market in the US stock market is alive in well. Interestingly, however, the recent gains have occurred without much good news from the components of the industrial average.
http://www.optionetics.com/market/articles/17673
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jovial1 year, 1 month ago
Notice he changed the headline of the story again. The actual and real title of the story he submitted was, "Stocks End Mixed; Dow Crosses 14,000"
This is becoming Bobo's forte. If there is no good news for Bush, then create it. All the mindless minions will run to his aid to prop up and support the lie. I wan't everyone to see this tactic they use clearly. Then you can make up your own mind.
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NavArmy1 year, 1 month ago
Bush has done nothing for the economy, but luck out or finagle his buddies into going for a smaller profit. Bush is a traitor as are most of his administration (Rove, Rumsfeld, CHENEY, Wolfowitz, (Hannity, Whinebaugh)yes they are his lackies)and the rest. This administration's arguement for prosperity is not worth ONE of the brave that they say they support!
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jakob-z01 year ago
I wouldn't touch this stock market with a 10 foot pole. The big guys are manipulating the market trying to suck the baby boomers into the run-up just like they sucked them into the real estate bubble while they were pulling out. It's manipulation. The big guys will pull the rug out from under the baby boomers with the loot long before the baby boomers get a chance to pull their money out of the market before the mass boomer retirement on the horizon. The selloff of baby boomers stocks for retirement will most likely be the biggest stock crash ever. And, after the big guys are long gone with the loot. This market has nothing to do with real economic fundamentals. Beware small working class investors.
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Silverghost1 year, 1 month ago
Wow! Can we pin this awful (-ly good) news on Bush???
It's hard for the critics, when great things like this happens under our Prez. -Rev. S
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Silverghost1 year, 1 month ago
Lovely: This is great! I see more support for a godly Prez! -Rev. S
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ningyo1 year, 1 month ago
for the last several weeks world markets have been on fire--people are looking at the increasingly positive outlook for a long term success in the war with islamo-fascism and voting with their money--there will be set-backs ,ups and downs ,and mistakes made..but the one thing pres bush has accomplished is jump starting the world wide effort to face this enemy--thats a very positve indicator long term and markets have responded--reporting is largely slanted one way or another but people have only one bias with investing..up
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cherev1 year, 1 month ago
All you Bushies have it all wrong. Don't you know he's only to be blamed when the economy tanks? When it's up, it must be the result of the Democrats or some foreign investments. Bush - do something positive? Forget it.
It's probably Al Gore and global warming that's making the stock market do so well. After all, he did invent the Internet.
sarcasm off.
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architekker1 year, 1 month ago
Whoa I wouldn't say that! Al Gore hosue is worst about saving energy comparing to Bush!. You think Gore is environmental champion? Look at this house, he use energy about 300 times more than average home in the U.S. check the site -
http://science.netscape.com/story/2007/07/18/en...
http://www.truthorfiction.com/rumors/g/gore-bus...
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FSU92grad1 year, 1 month ago
I just wish the libs would give credit where credit is due...Nothing...I mean NOTHING will get the liberals in here to admit Bush's tax-cuts are working...
I cannot fathom why Dems believe raising taxes is a GOOD thing...Bush pulled us out of Clinton/Gores recession very effectively with thesee tax cuts and the sooner the libs get it, the sooner we can move on and discuss more important issues like how much Botox Pelosi uses in a given quarter...
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dwemm1 year, 1 month ago
Could be because the cuts were instituted from seven to five years ago, and that this is the first sign that they're working for anybody.
Also, the article itself only claims that the record is driven by large multinationals, and that tech stocks and other growth industries are still seriously lagging behind.
It also depends on people buying into the market again after the crunch that happened earlier this year, and the article claims that's based more on speculation than sound investment practices.
Not cited are manufacturing stock prices, and with traditional industrials like GM and others posting disappointing profit margins, and Ford dumping Volvo in an effort to save itself, it looks like those are not bouncing up as much as they could.
So, if you've got money in Coke and Walmart, more power to you. If you're voting for new American business with your dollars, life's pretty much the same.
But then that's what tax cuts do-make the successful more successful.
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Silverghost1 year, 1 month ago
Ah, Yes! Spoken as a true liberal! But when the Dems pick up on the successful policies, such as Reagan, they pat themselves on the back.
News FLASH! 9/11 occurred. We dropped through the floor!
Bush followed up on himself, not a tax hungry Dem...
This just in...liberals are fainting in the isles! : b -Rev S
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quackpot1 year, 1 month ago
More like the MASSIVE deficit spending by the Administration.
The ultra-rich are living high on the backs of our children.
SHAMEFUL.
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jovial1 year, 1 month ago
First you have to start by submitting a story that gives him credit. The story ought to be able to be confirmed with some non-biased sources. What you have here is a story submitted about a non-political event. The Title was altered to give credit to the idolator's deity. The title of the original article, NO WAY mentions Bush.
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NoWayMan1 year, 1 month ago
so when the Dow jumped 7000 points during clinton, why was that? not because of tax cuts for the rich, that's for sure.
and please don't say it was becasue of reagan. that would make you contarded. one thing reagan proved was that trickle-down economics does not work. ask bush sr. he'll tell you. its the econony, stupid.
and dems don't think raising taxes is a good thing. they think its a realistic thing if you want to spend more money. so if the dems are "tax and spend" then the cons are "spend spend spend". and which hurts america more in the long run?
it also begs the question which I'm sure yo have no answer for, how are we gonna pay for all the spending thats occurring now? a lot of iraq and afghanistan is off the books, which means bush is simply borrowing (read: stealing) from the future. so how are we gonna pay for all of it?
(que crickets chirping)
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e27181 year, 1 month ago
Following Bush's tax cuts, the economy went into steep decline that lasted several years. What had been a minor correction in the last months of the Clinton presidency became a freefall after the tax cuts went into effect.
Tell you what: I'll give Bush credit for today's stock market if you agree that all statistics prove that Clinton deserves credit for the best performing economy ever.
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bobo-in-texas1 year, 1 month ago
Uh, you forgot the part about airplanes slamming into buildings, killing thousands and costing hundreds of billions.
You "analysis" is just a bit skewed when those events are ignored.
Nice try though.
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ningyo1 year, 1 month ago
dweem --i dont know where youve been but its not just the last few weeks..its been the last 5 years--this economy is a slow growth monster with a really broad base and sound return--i dont own any dow stocks ..never do.. but ive made consistent large gains--picking here and there--i got hit early this year for 6-8% with the yuan re-valuation..but that was a good thing..slowed shanhai down..erased those losses and much more..its the tax cuts dems..esp the capital gains--tax cuts work--and not just for the rich--a healthy growing economy is good for everyone..even liberals
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bobo-in-texas1 year, 1 month ago
The trifecta of "fair and balanced" sources is completed with links to antiwar.com
So serious, so unbiased.
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ningyo1 year, 1 month ago
and tech companies have done real well if you know where to look--not semi's so much anymore--liked amd for a long time but not for years--for instance most anything with cell phones has been killer--time to make those cuts permanent mr president--before hillary gets her mitts on them
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eddie1071 year, 1 month ago
It will take a very careful leader in the next election to keep America in the black. But even the Democrats are learning the tricks to the trade.
Hitler brought Germany out of a deep depression, and turned the nation into a lean powerful contender in just few years. Reagan used some of the same tactics to do the same thing with America, and it worked miracles. Even Clinton's advisers had him follow a lot of the same principles that Reagan had used to keep the economy from flushing, much to Rush's embarrassment. But it was good that he kept him on his toes.
The point is, we cant go back to the regular Dem. tactics, or we are doomed. The housing bubble will inevitably burst and the economy will follow.
Thats what Tax cuts do, they promote more jobs, and more jobs mean a better economy.
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eddie1071 year, 1 month ago
Ya, keep telling yourself that, and living in a bubble world. But your mommies house that was worth $25,000 before Reagan, is now worth ten time that much, and is affording her to have new cars, tv's, DVD players, and the computer that you bash the world from.
Thanks to Reagan for pulling us out of the economic power dive that Carter sent us on.
You are obviously too young to remember what it was really like before Reagan, Have you ever had to feed your family macaroni three meals a day just to have something to put in their bellies? My Dad worked 6-10 hour shifts for $78 a week. And I worked for dinner for the farmers that Carter betrayed, just so they could stay alive.
The world we live in today is so far removed from that world, thanks to Reagan.
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Leather-neck1 year, 1 month ago
OK, sarcasm aside, the economy is all of us, conservatives, liberals, libertarians, moderates, and even a few communists (when they buy their espresso slurppys or a new copy of Das Kapital). Understanding why the economy is doing alright (could it be better? Sure it could). The concept is not hard to understand: An economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services. When we feel confident we buy things, when we buy things companies produce more things and hire more people to produce even more things, and because of competition and supply and demand, prices either stabilize or decline. The question would be what causes people to "feel good" about the economy? One part of the answer would be the supply of money. Another part of the answer would be the intangible concept of "consumer confidence".
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jakob-z01 year, 1 month ago
The Market is going up in anticipation that Bush and his weird regime will be out of office soon.
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crespi1 year, 1 month ago
I'm saying that only one out of five American families have any stocks.
So when the stock market makes money, most Americans don't.
And those billionaires I saw on FoxNews' "stock tip" shows openly laughing at how much money they are making from the Iraq war while half the screen shows buildings and PEOPLE blowing up don't give most of us any confidence in the stock market or it's users.
Dick Cheney's stock options are throught the roof since he lined Halliburton's pockets with American taxpayers money (some who are the poorest of the poor.)
I don't care how much money anyone has or makes, as long as they aren't compelled to pull the only dollar a poor person has right out of their hands.
Be satisfied being a billionaire.
Don't fleece the lower class for that one more buck.
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rockman0691 year, 1 month ago
I think we are seeing the good side of a robust economy. Unfortunately, and not to cause a panic, we are at the same time more in debt than ever before. We need to take this windfall and put it to good use. We as a nation need to get out of debt, before what happened in 1929 comes back to hit us even harder.
I don't want to rain on anyone's parade, but we have to take advantage of the surplus, because as with all things cyclical, there will be a fall.
My humble opinion.
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ZenAgain1 year, 1 month ago
A surplus is different to a trade deficit- which many countries economies are built on- yours is a good example, Japan is a good example of the opposite.
The result for the US is encouraging but hardly remarkable- the Dow was always going to pass 14k, it was ineveitable. Just like the FTSE100, the HangSeng, the Nikkei et al are all experiencing record highs. Your market is experiencing this growth as your dollar is depressed against all the major currencies and this is reflected in your exports, more bang for their buck so to speak. Inflation is low, but that is a result of a depressed housing market with litle room to move on interest rates.
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most_reasonable1 year, 1 month ago
THE TECHNIQUE IS QUITE SIMPLE:
Instead of hiring American workers, bring in your products from abroad.
Remove all barriers to mergers and price fixing.
ALWAYS KEEP IN MIND THAT WHAT IS GOOD FOR EXXON IS GOOD FOR AMERICA.
Lower the prime rate from 7.5% (under Clinton, by a republican FED), to 3.0% overnight thereby boosting property values and putting in place an artificial housing boom.
This serves two masters: the unemployed or underemployed American workers can pull equity out of their homes to keep paying for the products that their lower salaried jobs can no longer support, and provides an industry that is mostly supported by "investors" who flip the value of the newly built construction...can anyone say: ANOTHER SAVINGS AND LOAN SCANDAL THAT WAS THE HALLMARK OF THE REAGAN ADMINISTRATION?
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most_reasonable1 year, 1 month ago
Notice the increased amount of bankruptcies being file.
The increase in the DOW has two factors that the brain-dead seem to overlook: the component parts (stocks) of the DOW and other indexes are constantly changed and a strong part of the increase in value is due to mergers and buybacks of stock, neither of which does anything for the economy.
For those of you who parrot the fool Kudlow who for months bragged how the housing market would NOT decline (after-all he was an key player in the $avings and Loan $candal)...notice how he disregarded discussing this?
But the "faithful" believe in the "Goldilocks" economy and the story of Dinosaurs walking with men.
They are primed to believe in anything.
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most_reasonable1 year, 1 month ago
Notice the testimony today from Bernanke: SUB-PRIME RATE LENDING ABUSES NEED TO BE CURBED. Let the industry tend to their own, after-all the abuses of the oil industry that raised the price of oil from $18 /bbl to $75 was good for America. See how effectively the GOP work for America?
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amesburyroad1 year, 1 month ago
Why do we have a $9 trillion dollar National Debt? Why has everyone of Bush's budgets been in the red? I thought these tax cuts would give us budget surpluses, that is what the supply siders have said for 27 years.....
Thanks Reagan and Bush for our $9 trillion National Debt...
If all I did was borrow and spend like Reagan and Bush, I would be living high on the hog....but there would be a little matter of that debt I was building up....
Thanks for bankrupting the country Reagan and Bush....
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spkguy1 year, 1 month ago
"The budget should be balanced; the treasury should be refilled; public debt should be reduced; and the arrogance of public officials should be controlled." -Cicero. 106-43 B.C.
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spkguy1 year, 1 month ago
Reagan Policies Gave Green Light to Red Ink
The line is not likely to make this week's eulogies to Ronald Reagan, but when Vice President Cheney allegedly declared, "Reagan proved deficits don't matter," he summed up an enduring argument from the former president's economic legacy.
http://www.washingtonpost.com/wp-dyn/articles/A...
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most_reasonable1 year, 1 month ago
No need to thank them, the fat envelopes that their staffs have received is thanks enough.
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toph19731 year, 1 month ago
Are you cons nuts? The economy is good? What world do you live in? Oh, the dow is at 14,000 Bush's economy is great. The housing market sucks. Foreclosures are at a record. Energy prices are at a record. Food prices are rising pretty much weekly anymore. We have a record deficit. We are borrowing billions from China to fund this war. I got laid off in 2002 Because of Bush's Economy and I now have a job that pays me half what I made before. Why, because there are no jobs in my field anymore because all of them went to India. Just keep telling yourself the economy is good. Everyone else can clearly see that it's not. I guess you gotta try and find something good Bush the traitor has done. This isn't it. Come to think of it, Bush hasn't done one good thing while he's been in office.
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most_reasonable1 year, 1 month ago
Notice:
Bernanke is saying that he projects a decline in energy prices while at the same time on CNBC the Ticker for Oil is rising over $1/bbl.
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RedRiverJ1 year, 1 month ago
Happy the stock market hit that high, wished it were that good in my home town. Jobs are few and far between here. Those that want them can't get one, those that have them, keep them. 3 major industries here are chopping jobs, cutting benefits. And if you read these stories you know our state leaders are so concerned about their citizens they are trying to raise taxes yet again. http://news.netscape.com/story/2007/07/17/taxpa...
We also have this burden.
http://news.netscape.com/story/2007/07/16/costs...
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bobo-in-texas1 year, 1 month ago
Brilliant! Business is in trouble and leaving for lower cast areas so what does the donk governor do... raise taxes. I think that I see another batch of new Texans heading this way from the north.
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tdash1 year, 1 month ago
Hmm...that's funny. I viewed the actual story, and it was titled "Stocks End Mixed; Dow Crosses 14,000." I remember in the 90s when the Dow reached record after record, and all the right wingers I knew told me that it this was happening in spite of Clinton, not because of him.
I think a more accurate title would be "Bush Policies Continue to Destroy Middle Class, Pushing Dow to New Record."
BTW, this is great news for everyone who works at WalMart!
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eddie1071 year, 1 month ago
What really happens when the Democrats go after the "Rich", is the business owners close up shop and go home.
If they cant make money, they will just sit on what they have.
Then all of the tax hikes are paid by the only people who have to earn a living, the middle class, which of course are viewed as being "rich" by the lower income people, who just happen to be growing exponentially, because the middle class cant afford school. But it is given away for free to the lower income people who don't want it, or use it.
So, if your Mom and Dad have to work 2 jobs each to pay for your home, then you obviously don't deserve to go to school, because they make too much money.
The middle class can only survive when there are jobs for them to do. If you close the businesses down, put extra weight on the small business owners, who have a tough enough time against corporate America, its the Middle Class that looses.
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