Dow Jones Breaks 13,000

deportliberals · Congressman Joined: 26 Jan 2007 Posts: 704

Associated Press just reported that the Dow Jones averages just broke 13,000 for the first time in its history.

The forces driving this Dow record, according to the report, are the growing U.S. economy and good corporate profits.

This means more new jobs, higher returns on invested money and that includes everyone with a 401K or similar retirement-savings program...all of you folks are making good money on your retirement programs when this happens.

It's important to note that this has happened even in the face of the latest fuel costs that hit our economy.

Now...what do the democrats controlling congress want to do....RAISE TAXES on investments, profits & capital gains...THE VERY ITEMS ABOVE that are driving all this good economic news. I keep asking...why do liberals hate this country so much...if they're not trying to kill our economy
with new taxes, then they are busy cutting our defense budget and appeasing our enemies. These people are truly america-haters in every sense of the term!!!

Beststash · Mayor's Aide Joined: 23 Dec 2006 Posts: 76

The divergence in the price of stocks relative to the price of the dollar reflects a diametrically opposite view of the future of the US economy. The stock market is optimistic believing that US housing woes will remain contained as US corporate profits, and an easy monetary policy will sustain the rally via growth and additional acquisitions. The currency market is far more guarded in its view about the outlook of the US economy. FX traders see a marked slowdown of activity in the Industrial sector, relatively tepid increases in retail spending and no catalyst to reignite US growth in the 2nd half of the year. Overall, even if the US economy manages to muddle through, global capital sees better values elsewhere as growth in other parts of the world continues to exceed US performance. The answer to the question of which market is correct will likely lie with the upcoming US jobs and income data. With the US consumer saddled with enormous amount of debt whose service value grows every month, and with housing no longer serving as a key source of income via mortgage equity extraction, only an increase in jobs or wages would allow US consumer demand to continue expanding at healthy pace.

Peace

deportliberals · Congressman Joined: 26 Jan 2007 Posts: 704

Beststash · Mayor's Aide Joined: 23 Dec 2006 Posts: 76

You are funny!! When was the last time you wanted to hang out with one of your "tribe" - I don't think so unless maybe you are sexually challenged or are spend your time trying to figure out how to screw someone!!

Peace

deportliberals · Congressman Joined: 26 Jan 2007 Posts: 704

lookin · Congressional Page Joined: 05 Jun 2008 Posts: 30

I think you spoke a bit too early. What a joke? The house has fallen like a pack of cards. Tax cuts and Capitalism being growth engines of the economy. I like that chum. The only problem I have is when my tax money is used up by the republicans to wipe the ass of some rich guys who have fallen on their fat bellies. The tripe which you dished out is just that. Tripe. The housing loan thing has brought us to this sorry state because of some Republican shit hole not knowing what the heck was going on. If you read your post again ,you will weep ,surely.

Kontrarian · Congressional Page Joined: 09 Jun 2008 Posts: 19

Dow Jones is now hovering around the 8000 mark. I am not sure when the carnage will eventually stop but I am sure about one thing. We goofed up big time. GOOFED UP BIG TIME. It has nothing to do with Republicans or Democrats .It is a human thing. GREED. With no legislations ,no checks and balances , the rich guys just freaked out and that’s why we have landed up in this thick shit. What we need is balance. Let the market be free ,but reign in rampant greed. Your post looks ridiculous now that we all look back. Not that I was smarter. I thought 13000 is for real. Alas.

Skeptik · Congressional Page Joined: 09 Jun 2008 Posts: 20

May god save us. What a mess. I think we are looking at 1929 once again. I am shocked that people out there are debating Republicans vs the Democrats . Remember that we are all in the same stinking basket and we have to together get out of it. Bush turning into a rabid Socialist is understandable. What do you want him to do? Play the fiddle while America burns ? We must realize that these are unusual circumstances and we have to take unusual steps to get out of this mess.