Anybody can make a prediction. Mine - The Dow will go up for about 6 months, then when people accept we are in absolutely gridlock and no problems are being solved it will fall to about 8000 a year from now.
Both stories are essentially the same -- under the current poor economic conditions, gridlock is bad for the economy.
On the other hand, since Obama took office the Democrats have enacted numerous pieces of legislation that affect the economy. (A "historic" number if you believe Democrats.) On January 1, 2008, the stock market was about 13, 400. Right now it's about 11,200. So much for the benefits of an active Congress -- at least an active Democrat Congress.
The stock market started its' dive in late September of 2008 when the polls started showing that Obama probably would win. This, coupled with the collapse of Fannie and Freddie as a result of the Democrat Community Reinvestment Act were the causes. Don't take any crap from the left trying to lie about the cause or let them falsify the history books.
We will always have political gridlock due to the polarization of ideology in this country. Whoever came up with these headlines is at best a hack journalist. The Congress that we have now has done more than just threaten the economy. We can do no worse than what we have now.
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9 comments:
Maybe not--you should buy when the stocks are LOW!
Anybody can make a prediction. Mine - The Dow will go up for about 6 months, then when people accept we are in absolutely gridlock and no problems are being solved it will fall to about 8000 a year from now.
Both stories are essentially the same -- under the current poor economic conditions, gridlock is bad for the economy.
On the other hand, since Obama took office the Democrats have enacted numerous pieces of legislation that affect the economy. (A "historic" number if you believe Democrats.) On January 1, 2008, the stock market was about 13, 400. Right now it's about 11,200. So much for the benefits of an active Congress -- at least an active Democrat Congress.
The stock market started its' dive in late September of 2008 when the polls started showing that Obama probably would win. This, coupled with the collapse of Fannie and Freddie as a result of the Democrat Community Reinvestment Act were the causes. Don't take any crap from the left trying to lie about the cause or let them falsify the history books.
We will always have political gridlock due to the polarization of ideology in this country. Whoever came up with these headlines is at best a hack journalist. The Congress that we have now has done more than just threaten the economy. We can do no worse than what we have now.
10:04 Don't worry. We know GW, Channey and Rowe write our history books here in Texas.
AL
Who the fudge is Channey?
I wonder how the Dow is doing today in anticipation of a Republican landslide?
Sorry spelling police officer,
Cheney, as in DICK
AL
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