93. Author: drywalldog
"You give Obama the credit for it tanking, right? Then he get’s the credit for it coming back. You also say that whatever he has done hasn’t brought back the economy, really, you think it’s a fair assesment after 8 months in office, most of the money from the stimulus bill hasn’t even reached the economy yet."
So if you borrow my car and then wreck it, I'm supposed to give you extra credit for having it restored to the condition it was in when you took it out? Please. Besides the stimulus which is not working as promised, please tell me what Obama is doing or has proposed that will boost the economy? If you can't name anything, then what are you arguing, that somehow because he sits in the White House that he should get credit for what millions of individuals are doing to get their own businesses moving again? Where are the tax cuts that led us out of recessions when Reagan and Bush II were in office?
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98. Author: drywalldog
"Wow Robert, you make this harder than it has to be, let’s see the bottom in Obama’s tenure was in March 2009 at 6626. It is now 9626 for a turnaround of exactly 3000 points. Any more questions?"
Again, using the wrecked car analogy, this is like you pointing to the condition it was in as it sits in the body shop before repairs begin. Then it gets fixed back to where it was before you wrecked it and you're supposed to be some genius wizard? Please.
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99. Author: drywalldog
"Markets swing on their own, neat, guess nothing anyone does makes them go up or down then. You can’t have it both ways."
The notion that a president of any party should be given total credit or blame for every single market movement is of course preposterous. But, there are times when a direct link can be drawn, such as the market experiencing its single largest one-day loss after a presidential election, culminating with a 33% loss before it bottomed. That was the market voting with its feet on the impending Obama presidency. The fact that it has returned to roughly where it was before he was elected is more a result of the tendency of the market to advance over the long term than any Obama policy you can point to. Again I will ask, what policies of his can you point to that should be given credit for turning the economy around? The "stimulus" is temporary and when the money runs out what will be left to restore things?