Myth of stock market tank under Dems:
#1
Here's the graphs of the Dow Jones Industrial Average (stock symbol $INDU) under Presidents from Kennedy to W. Bush, I'm looking at where they started and where they ended, not what happened in the interim.
Kennedy barely made any advancement: http://i34.photobucket.com/albums/d1...M/1kennedy.jpg Lyndon Johnson did good: http://i34.photobucket.com/albums/d1...M/2johnson.jpg Nixon, the only one of the group to loose ground: http://i34.photobucket.com/albums/d149/DVOM/3nixon.jpg Ford, not to shabby at all: http://i34.photobucket.com/albums/d149/DVOM/4ford.jpg Carter, narrowly made an advancement: http://i34.photobucket.com/albums/d149/DVOM/5carter.jpg Reagan, kicked excellent butt (about 275%): http://i34.photobucket.com/albums/d149/DVOM/6reagan.jpg Bush Senior, good job for only 4 years: http://i34.photobucket.com/albums/d1...M/7ghwbush.jpg Clinton, kicked major excellent butt (about 300%): http://i34.photobucket.com/albums/d1...M/8clinton.jpg W Bush, has lost some ground but a couple of months to go, could go either way: http://i34.photobucket.com/albums/d149/DVOM/9w.jpg So as far as the $INDU goes, while it's not the whole story of the economic activity of this country, I think we can agree that it's certainly representative of how the economy is performing at any given time. I think we can also see that, looking at these graphs, that the Reps aren't necessarily "good" for business and the Dems aren't necessarily "bad" for business. We have Dems and Reps comprising the best, (Reagan and Clinton), and we have Dems and Reps comprising the worst, (Nixon and Carter). Anyway, take that for what it's worth, and of course: "That's my story and I'm sticking to it."
#2
The market took a dump due to greed and nothing else.
Klinton started with "make miniorty" loans available. Then we were invaded by 13+ million crimnal aliens due to lack of border security and as the kommiekrats saw a new voter base coming here illegally, the banks saw millions of new customers they could gouge. Now, lets take a better look....around here most criminal aliens drive either SUVs, the big pickups or big cars......13 million more drivers raise our demand for fuel, thus driving up fuel prices.... One bank comes to mind...Bank of America was making loans to these criminals and many didn't even have social security numbers not to mention the credit cards they gave 'em in their attempt to embrece diveristy and fill their pockets...... The last thing and probably the least understood is the varible rate morgage loans. Many folks house payments including the criminal aliens rose from say $750 a month to over $1600 a month due to the rise in interest.........people defaulted. The housing market circled the bowl, the market paniced and the rest is history as they say. Now with most of the financial giants being owned by the gubmint..what's next? I's say with ol "spread the wealth around" socialism ain't far away. On Edit: Greed reached the hill too...Seems obammy, frank and dodd lined their campaign pockets with millions from fannie and freddie Last edited by partssman; 10-25-2008 at 12:46 AM.
#3
The market took a dump due to greed and nothing else.
Klinton started with "make miniorty" loans available. Then we were invaded by 13+ million crimnal aliens due to lack of border security and as the kommiekrats saw a new voter base coming here illegally, the banks saw millions of new customers they could gouge. Now, lets take a better look....around here most criminal aliens drive either SUVs, the big pickups or big cars......13 million more drivers raise our demand for fuel, thus driving up fuel prices.... One bank comes to mind...Bank of America was making loans to these criminals and many didn't even have social security numbers not to mention the credit cards they gave 'em in their attempt to embrece diveristy and fill their pockets...... The last thing and probably the least understood is the varible rate morgage loans. Many folks house payments including the criminal aliens rose from say $750 a month to over $1600 a month due to the rise in interest.........people defaulted. The housing market circled the bowl, the market paniced and the rest is history as they say. Now with most of the financial giants being owned by the gubmint..what's next? I's say with ol "spread the wealth around" socialism ain't far away. On Edit: Greed reached the hill too...Seems obammy, frank and dodd lined their campaign pockets with millions from fannie and freddie Well...The portion of your statement that I highlighted made a little sense.
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