Three Presidential Terms of Dow Gains Erased

[Tim><]

So, we have completely erased Dow gains under Bush II. We have now just about erased Dow gains in Clinton's second term. On an an inflation adjusted basis, we are well into his first term.

As the dust settles, a portion of the loss would have to be due to an unwarranted bubble, and a portion of the loss would have to be due to real losses that occurred since the beginning of this period.

If we call the bubble portion the illusion, how much of the Dow gains over the last 3 terms have been illusion? Assuming that most would now agree that Bush's economic policies were disasterous, how do Clinton's policies now look? In my opinion, once history as been written, Bush will get an F, but Clinton would be lucky to get a C-. Bush will fail on all counts - Clinton will be blamed for not trimming the budget enough, not addressing organically increasing costs (SS, Medicare), and playing part in deregulation that did not come with corresponding increases in auditing.

[Tim><]

Oh - and I'm not going to engage in conversation for anyone that is going to attribute any significant portion of the losses to Obama policies. At best, he has not bailed out companies as fast and to the extent that the street would have wanted. I'm not interested in this part of the discussion.

[Wasp]

Originally Posted by Tim><

Oh - and I'm not going to engage in conversation for anyone that is going to attribute any significant portion of the losses to Obama policies. At best, he has not bailed out companies as fast and to the extent that the street would have wanted. I'm not interested in this part of the discussion.

Increased taxation and balooning government involvement ARE taking their toll. The market began a decline when it became clear that Obama would win last summer. Markets realize what tax and spend does to the econpmy, the ability to turn a moderate recession into worse.

[BigBen]

Originally Posted by Wasp

Increased taxation and balooning government involvement ARE taking their toll. The market began a decline when it became clear that Obama would win last summer. Markets realize what tax and spend does to the econpmy, the ability to turn a moderate recession into worse.

I thought this began back in 1947, when prayer was taken out of schools? Wasp, you seem to have a very deep and knowledgeable understanding of the cause of the current financial crisis. I was wondering if you could grace us with some more of your wisdom? Please use specific details about how evil Mr. Obama destroyed the world's financial systems.

[Rickson]

You are simply wishing the controlled destruction of Amerika.

The idea is to make you so poor, hungry, and homeless you will beg for their new world order global government.

It started in 1913 when we gave privately owned banks control of our money so that first by inflation and then by defation we'll end up hungry and homeless. (*******ization of a great jefferson quote on having a privately owned central bank)

[Hugh Jass]

Originally Posted by Rickson

You are simply wishing the controlled destruction of Amerika.

The idea is to make you so poor, hungry, and homeless you will beg for their new world order global government.

It started in 1913 when we gave privately owned banks control of our money so that first by inflation and then by defation we'll end up hungry and homeless. (*******ization of a great jefferson quote on having a privately owned central bank)

With Wilson. What was his alter ego's name? The guy who was a big commie?

[tenthring]

People never attribute economic downturns to the last guy. I've been saying for a long time that the prosperity of the 90s was an illusion, but nobody want to believe it. Even today everyones waiting for things to go back to the way things were, even if the way things were was just another bubble.

I'm looking for the S&P to head back to 1995 levels for me to be a buyer. That will bring the stock market full circle to when it started going crazy.

[MountainHawk]

Market went start going nuts in what ... 1996, around 4,000 since the runup began.

Assume 3% a year, we should be at Dow 6K right now. The rest is all bubble.

[win diesel]

Originally Posted by Tim><

Oh - and I'm not going to engage in conversation for anyone that is going to attribute any significant portion of the losses to Obama policies. At best, he has not bailed out companies as fast and to the extent that the street would have wanted. I'm not interested in this part of the discussion.

You may not be, but we are imo

Market has gone from 11,000 to 6,800 once it became clear he was going to be our president. The market votes with money. Not out their azz like on here.

[Patrick Bauer]

Our economy is based on the illusion of want. If people choose to see the reality of need they will realize we are doing well.