US economy grew at fast 5 pct. annual rate in Q3, best in 11 years
 

There you have it.

Democrat in the White House = Good for America
Republican in the White = Bad for America


more

And the Dow is over 18,000. It's all Obama's fault.

Lies, lies.......all lies!!!! It can't be, Obama is destroying America, not helping it!!!!!!!!! Oh damn you for not hating him!!!!!!

;)

Dave

On March 6, 2009, former George W. Bush adviser Michael Boskin offered whatever the opposite of a prophecy is when he said that "Obama's Radicalism Is Killing the Dow." Now let's set the scene. Obama had been in office for less than two months at that point, and in that time, stocks had admittedly fallen a lot as markets worried that the big bank bailout known as TARP wouldn't actually be enough to save the banks. It got so bad that Citigroup briefly became a penny stock.

Boskin, though, didn't think that this once-in-three-generations financial crisis was to blame for the market meltdown. Instead, he blamed it on Obama for ... talking about raising taxes? "It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street," Boskin philosophized, "as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy." What followed was the usual conservative jeremiad against higher taxes on the rich, lower taxes on the poor, and deficit spending. Obama's trying to turn us into Europe, and that's why markets are pricing in the possibility of a Great Depression—not the dying economy he inherited.

It was an obvious stretch, but it was extraordinarily ill-timed, too. You can see just how much in the chart below.

http://img.washingtonpost.com/blogs/...skin-Op-Ed.jpg

http://www.washingtonpost.com/blogs/...ed-in-history/

yes it is but i am not sure wĥy thîs is a goôd thing.

how are family incomes? down aren't they?

but thē casino is making money so i am happy?....

It beats the hell out of the Dow going the other way, though it would be nice if the Dow's performance were reflected more broadly in the economy. A new WashPost article indicated that economists believe that this may be the harbinger of a significant economic expansion, the largest since late '90's.

http://www.washingtonpost.com/busine...c8b_story.html

Somehow, the GOP is going to now try to portray strong economic growth as a bad thing.

Well, it's a bad thing for them, isn't it?

Yep, but only if it happens under a Democratic administration. Just wait - It won't be long before they insist that Reagan or Dubya were somehow responsible for this growth.

not after they steal ownership of it ... which they will

All that Fed pumped QE money had gotta go somewhere. Wall Street is loving the windfall.

http://images.bwbx.io/cms/2014-10-29...AM-630x334.png

Finn - notice any similarities to your graphic above?

I am too.:D

Bank bubble.

John

The 1%ers have so much money they don't know what to do.

So they are dumping it into the market and inflating the prices of stocks.

You're welcome.;)

The spin on a right wing radio - Confidence because of the incoming congress.

I should have guessed. These new Congress-critters really do inspire confidence.:D

They poll lower than cockroaches - an insult to cockroaches.

Are they beating hemorrhoids yet? :D Ooops, tied with herpes. :o

http://s3.amazonaws.com/dk-productio...png?1357674672

Sooner or later all bubbles pop.

Yeah but the voters returned 95% of then to office. Ponder that for a while then cry a lot.