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the economy since the inauguration

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t-roy
Posts: 4041 - Karma: 52
i'm not sure about this, but i'm pretty sure the dow jones industrial average has gone down a ton since bush was inaugurated. am i right?
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Jan 24 2005 6:55PM
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vantownloc
Posts: 2279 - Karma: 12
irrelevant.
Jan 24 2005 7:03PM
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12ParkRat60
Posts: 3480 - Karma: 61
im not even gonna start

He who hesitates masturbates
Jan 24 2005 7:14PM
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willbski9
Posts: 2014 - Karma: 31
it happend a few days ago. there is no way to tell. i hate you kids using bush as a scapegoat for every thing wrong wiht the world.







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Jan 24 2005 7:29PM
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Raek
Posts: 2378 - Karma: 14
you cant really say that..... i think the econ is going down mostly for the uncertainty on how the iraqi elections will do...im probably completely wrong


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Jan 24 2005 7:34PM
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Raek
Posts: 2378 - Karma: 14
^yeah good point



-Alex-

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Jan 24 2005 8:02PM
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pajibber
Posts: 614 - Karma: 42
'The tumble added to a weak start to 2005. Sentiment this year has been dominated by concerns over slowing earnings growth, rising interest rates and strengthening oil prices, as well as worries about mounting tension before the Iraq (news - web sites) election in less than a week's time. '

Democrats need a new target, Bush is not as powerful as we think he is.
Jan 24 2005 8:10PM
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From_Hell
Posts: 587 - Karma: 10
yeah it'll bounce back, then it'll drop again, cause he's gonna do something stupid, it's like i have a sense for it, so weird.
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Jan 24 2005 8:11PM
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Raek
Posts: 2378 - Karma: 14
the economy is always fluctuating so one cant make a statement such as you have that the inaguration had an effect on it



-Alex-

Rock the Steeze

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Jan 24 2005 8:14PM
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Campochampskid
Posts: 372 - Karma: 11
bush is doing fine. if u were pres and u expected a fuckin arab country of having wmd, wouldnt u poke ur head up their ass to c if anything was happenin? u would be impeached for not doing anything. this is what makes republicans better than dems. democrats like kerry wait for their period to happen, then they ask france if they like us and will help us, then they dont even act. bush is decisive. bitches.
_marsh_

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Jan 24 2005 8:17PM
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vantownloc
Posts: 2279 - Karma: 12
^someone quick, draft this kid.
Jan 24 2005 8:20PM
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Campochampskid
Posts: 372 - Karma: 11
hahah im just really mad about this bush hatin. id go if i were drafted. its my duty as an american.
_marsh_

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one day you will look behind you and you will see we three, and on that day, you will reap it, and we shall send you to whatever god you wish.



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Jan 24 2005 8:50PM
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SnowCoast
Posts: 1991 - Karma: 14
^You can take my spot then. I'm not going to a war that doesn't need to be fought, and shouldn't have been in the first place.
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Jan 24 2005 8:54PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
^Agreed
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Jan 24 2005 9:13PM
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SKItheBURG
Posts: 1667 - Karma: 10
haha what a dumbass. just make decisions, who cares what repercussions we have to suffer from the wrong ones, just make them.
Jan 24 2005 9:18PM
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skiierman
Posts: 28699 - Karma: -5,563
It's the stock market, it goes up and sometimes it goes down. Saying Bush caused this fall is like saying me masterbating last night caused the stock value of Kleenex tissues to go up this morning.





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Jan 24 2005 9:24PM
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lineskier610
Posts: 1267 - Karma: 69
If the economy does do bad a small percentage of it will be Bush's fault. There are a number of factors that have to do with the dow jones fluctuating. It's simple economics my dear friend.





it's a league game smokey
Jan 24 2005 9:31PM
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t-roy
Posts: 4041 - Karma: 52
i'm pretty sure bush will do a much better job in office this time around
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Jan 24 2005 10:13PM
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tmo80
Posts: 25 - Karma: 10
bro, who the fuck cares?
Jan 24 2005 10:33PM
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Lebbo
Posts: 1258 - Karma: 6
So bush gets sworn in and the after one day the industrials are down a little, thats a pretty huge fucking link to make. If they were going to go down wouldn't it have happened when he won the election...

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Jan 25 2005 4:41AM
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aggro_sk8
Posts: 2760 - Karma: 18
theres a term for your arguement:

post hoc, ergo propter hoc

if you can draw such a conclusion, you can certainly look that up
-joe

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Jan 25 2005 9:32AM
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Graves
Posts: 460 - Karma: 16
If the market's downturn after inauguration is Bush's fault, then how do you explain the strong rally the market experienced after Bush was re-elected? 4th quarter earnings in '04 were around 10-12%. Which left the '04 market up 10-12% overall. Anyone who blames Bush for the downfall right now care to explain that? Or how about you explain the 26% growth the market experienced in 2003 (DJIA went up 2112 points that year)? Yes what a crappy economy we live in. I mean an average growth rate of 18% over the last two years. Crap...definitely crap. HUGE crap. Crap, crap, crap, crap, crap. I mean the market has ONLY gained 3000 points in the last two years. Pure crap. We should be seeing 10000 points of growth a year at least. Bush is evil. Bush killed the economy. How dare anyone try and blame the struggles of '02 on terrorism. I myself find it completely insignificant that 1 million jobs were lost in the 30 days following 9/11. That had to be Bush's fault, not al-Qaeda's. There is no significance in the fact that they attack the two buildings that housed the most powerful and influential businesses in the world, none whatsoever. I blame Bush. He is evil. He is full of hate and he wants all Americans to be poor and for Haliburton to take over the world.
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Jan 25 2005 10:12AM
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t-roy
Posts: 4041 - Karma: 52
hahaha, no one else should post in this thread. it's dumb. if you psot here i will shoot you
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Jan 25 2005 10:57AM
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aggro_sk8
Posts: 2760 - Karma: 18
im doing this just to piss ^you off. it is a stupid post though
-joe

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Jan 25 2005 10:59AM
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t-roy
Posts: 4041 - Karma: 52
you're making me really angry. GOSH, just kidding. seriously
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Jan 25 2005 11:00AM
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weenox
Posts: 1568 - Karma: 19
'Most second term presidents don't do shit.'


I'm gonna have to go ahead and completely 100% disagree with that statement. Second term presidents actually get alot more done in their second term because they arent as worried about political backlash. They arent afraid of doing something that might make a mark on their political careers. This is why American politics have always been fucked up- our representatives are afraid to do shit because they are too worried about being elected again. This is one of the reasons i think Bush has been a good president; he has shown that he isnt afraid to take action that might be bad for his political 'resume'.

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Jan 25 2005 11:53AM
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whatsupdan
Posts: 908 - Karma: 11
Anybody else remeber Bush's caimpaign promise of cutting the defecit in half? Too bad his own analysts say it wont even happen. 'the Congressional Budget Office predicted the government will accumulate another $855 billion in deficits over the next decade.' this sounds like the complete opposite of what he was promising and is a sign of the rocky road our economy has ahead. and its also nice to know that Bush has the top 2 biggest yearly defecits with next years helping him to take the top 3. 'The CBO also projected this year's shortfall will be $368 billion. That was close to the $348 billion deficit for 2005 that it had forecast last fall. The two largest deficits ever in dollar terms were last year's $412 billion and the $377 billion gap of 2003.' and even if this sounds bad 'the budget office's deficit estimates also omitted the price tags of Bush's goal of revamping Social Security, which could cost $1 trillion to $2 trillion and dominate this year's legislative agenda.' And thanks to Bush's tax cuts 'Also left out were the price of extending Bush's tax cuts and easing the impact the alternative minimum tax would have on middle-income Americans, which could exceed $2.3 trillion, the report said.' I dont know what anyone else gets from this but to me the numbers tell me that the deficit not going to come close to being cut in half but instead become an increasing burden. And even though I am a liberal democrat, others see this shortcoming too, 'If we do nothing, our kids and grandkids will be overwhelmed by the costs of our inaction,' said Senate Budget Committee Chairman Judd Gregg, R-N.H. History has shown that our economy is directly affected by the government so I personally believe that this is a peek at what is to come with government and economy.

All quotes taken from the Associated Press at Click here for full story.






****POWER TO THE PEACEFUL****
Jan 25 2005 1:06PM
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whatsupdan
Posts: 908 - Karma: 11
Alright graves, lets get the whole story. First off yes the Dow Jones is up 26% but lets take a look at the other issues such as it is still below the all time high and as the Dow Jones reaches the all time high, after that it will be unclear where the DJIA will take us. History has shown that the market tends to get nervous when it enters new heights. And while the DJIA may be up, what about the fact that the dollar is down, way down compared to other currencies like the Euro. while this is bad enough for exchange rates, it also effects the global market. As the dollar is seen as weak and unstable, resources that are priced in terms of US dollar such as barrels of oil may be changed to the more steady Euro(its being talked about). This won't help the dollar at all and can you imagine how the DJIA would react? while the economy may be getting better, it has a very long way to go. so far the DJIA increases are baby steps for the state of our whole economy


****POWER TO THE PEACEFUL****
Jan 25 2005 1:38PM
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Graves
Posts: 460 - Karma: 16
Actually the economy has succeeded before on a weak dollar (i.e. th 80's, one of the strongest, if not the strongest economic decades in our nation's history).

As far as the market being below its all time high, I find rather insignificant. The market peaked on January 14 of 2000 at 11700 points. Now if you look back at some of the companies that helped drive that peak and look where they are now you might as well erase that high right out of the history books. Many of those companies that were the driving force were trading well above their book value and their stock prices have now dropped drastically or the companies are out of business. So basically the market was excelling under false pretenses at the time.

Yes, it would be drastic if they changed the pricing of oil from the US dollar to the Euro, but I find that rather unlikely. In fact, many economists believe that the value of the Euro will eventually take a drastic downturn. Just imagine if we went to all of the nations of Latin America and the Caribbean and told them that we wanted to create a universal currency with them. We would all share the same interest rate, inflation rate, etc. The problem is we all have different economies, different markets, different sectors that we specialize in, different GDP, different growth rates, different governments, and so on and so forth. So how would one continue to adjust interest rates, inflation rates, etc, accordingly without eventually creating a severe backlash on one nation, if not multiple nations. Why do you think the UK has stayed away from the Euro? If something drastic happens to one or two nations economies in the Union they all could be fucked. The Euro will crash and they will have a multiple nation recession/depression as opposed to just one nation being affected by their own actions.
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Jan 26 2005 9:04AM
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lineskier610
Posts: 1267 - Karma: 69
One of the reasons for Bush's high deficits is he believe in the supply side view which is high taxes are more damaging to the economy than high deficits. That and we kind of have a mess over in Iraq.





it's a league game smokey
Jan 26 2005 10:22AM
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linemaverick16
Posts: 534 - Karma: 10
it cost 40 million for a guy to say some words
thats dumb
Bush is dumb also
peace out
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Jan 26 2005 11:00AM
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Raek
Posts: 2378 - Karma: 14
well if he spent all the money that he spent on inaguration parties in the country maybe it would be different...


-Alex-

Rock the Steeze

Representin the 212 and 607
Jan 26 2005 11:02AM
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weenox
Posts: 1568 - Karma: 19
to you that are complaining about how much bush 'spent' on his inauguration.....dont get that pissed at him, as he didnt pay for shit. all the inaugural balls and ceremonies are payed for by private donors and other organizations (say, the republican national party)

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Jan 26 2005 1:04PM
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Raek
Posts: 2378 - Karma: 14
i know that...i am just saying that the rnc could have put that money to better use lets say tsunami relief or money for the famine in sudan for example..


-Alex-

Rock the Steeze

Representin the 212 and 607
Jan 26 2005 1:55PM
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dspin7x
Posts: 6414 - Karma: 63
If you guys worry about the economy then the terrorists really have won....
Jan 26 2005 2:04PM
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Raek
Posts: 2378 - Karma: 14
si senor


-Alex-

Rock the Steeze

Representin the 212 and 607
Jan 26 2005 2:12PM
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Graves
Posts: 460 - Karma: 16
Wow for the first time in my entire life I agree with DSpin. Maybe the apocalypse is truly coming.

On another note, I don't know why the inauguration got brought up, nor the RNC. How much many has the DNC give to tsunami relief efforts. The whole bashing the inauguration thing is a futile argument at best. John Kerry would have had an inauguration if he won, I guarantee it. As a matter of fact it probably would have even been more expensive with all the massive Hollywood donors it would have attracted.

Also, Clinton's inauguration in '96 cost 35 million. We average an annual inflation rate of 3%. If you do the math, Clinton's inauguration would have been more expensive in today's money. But again it doesnt matter because most of inauguration money comes from donations.
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Jan 26 2005 2:18PM
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Raek
Posts: 2378 - Karma: 14
graves im not saying that kerry wouldnt have he most definately would have im just saying that i think its a stupid tradition to spend 3million dollars or more for a stupid party when there are issues in the world that need money desperately... im not just targeting bush.. im saying in general for politics..


-Alex-

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Jan 26 2005 2:25PM
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ski8990
Posts: 5961 - Karma: 19
I have a suspicion that canada is hiding some wmds in the form of hockey pucks. we better go and invade canada cause its better safe than sorry



Jesus saves!

Gretzky gets the rebound. he feeds the puck to LeClair. he shoots! he scores! the crowd goes wild
Jan 26 2005 2:31PM
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lineskier610
Posts: 1267 - Karma: 69
If we worry about the economy the terrorist really have one? How is this true? I'd love to argue but I gotta get to class.





it's a league game smokey
Jan 26 2005 3:10PM
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SkiSundownJibber
Posts: 1013 - Karma: 19
Whoever made this thread.... is an idiot.



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Jan 26 2005 3:17PM
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Itsbackfliptime
Posts: 18901 - Karma: 75
the 40 million is privately funded and those guys aren't gonna spend that money on other stuff. It was the 12 million for security that the residents of DC were supposed to pay for that ticked people off.

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Jan 26 2005 3:40PM
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Von
Posts: 4869 - Karma: 21
that is shit its been a week the dow fluctuates it goes up and down
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Jan 26 2005 4:20PM
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ski8990
Posts: 5961 - Karma: 19
I think its hillarious that DC has to pay for a dude who only 9% of them voted for



Jesus saves!

Gretzky gets the rebound. he feeds the puck to LeClair. he shoots! he scores! the crowd goes wild
Jan 26 2005 4:31PM
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twix_182
Posts: 9248 - Karma: 27
if bush was the reaason it went down after inauguration, wouldn't it have benn going down for the past 4 years, sine he was also president then? interesting i'd say. stop blaming bush for u hitting ur head on the ceiling


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Jan 26 2005 4:36PM
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ski8990
Posts: 5961 - Karma: 19
^cause the economy has been so great over the last 4 years too, right?



Jesus saves!

Gretzky gets the rebound. he feeds the puck to LeClair. he shoots! he scores! the crowd goes wild
Jan 26 2005 4:39PM
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twix_182
Posts: 9248 - Karma: 27
im saying that bush being inaugurated for the second time didint make the market go down since he's neen the prez for 4 years already. a better statement would be
'i'm not sure about this, but i'm pretty sure the dow jones industrial average has gone down a ton since bush was in office 4 years ago. am i right?'

and if he's comparing the dow to how it has been lately, then it can't be bushs fault seeing as he's been the prez once already


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Jan 26 2005 4:45PM
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Graves
Posts: 460 - Karma: 16
^^

Actually if you talk to most people in the financial and economical world they will tell you that 2003 was one of the best economic years this nation has ever seen. While in 2004 we experienced moderate growth and returns.

And if half of the people who invest in the market weren't complete idiots they may be better off today. Many, and I mean MANY, people sold their stocks during the recession of '02 and then sat around and complained about all the money they lost. Now stop for a second and create some logical thought on that rationale. Its idiotic. Why so many fools are tempted to sell when the market is crashing is beyond me. It is unreal how many people say they want to wait until the market goes back up before they invest. Its like saying 'I want to wait until the sale on that car ends before I buy it because those low prices scare me. But in the mean time I will let you buy my house for 30% less than what it is worth.' Buy low, sell high...its simple logic that so many people seem to struggle to grasp.

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Jan 26 2005 4:56PM
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