Showing posts with label Dow Jones. Show all posts
Showing posts with label Dow Jones. Show all posts

Saturday, February 02, 2013

Dow Up, Fox Down, Hillary on the Mark!

Yesterday, the Dow Jones Industrial Average closed at its highest level since May of 2008, topping out over that magic 14,000 mark at 14,009.79. Nasdaq climbed to its highest level since December of 2000. And the S&P 500 finished at a six month high after seeing gains of almost 7 percent this year.

Huh. I guess the president isn't destroying the economy after all:)

Meanwhile, while our economy continues to improve, the ratings at Fox News continue to plummet. Coincidence? I think not. You can only say so many things that are so completely false for so long, you know, before people say, "Hey, they don't know what the fuck they are talking about!" Those people being in that magic 25-54 demographic group. Apparently, viewers are going to Rachel Maddow and Piers Morgan (thanks, Alex Jones!) and away from Sean Hannity and Greta van Susteren.

I think Hillary Clinton summed it up best when she said, in her last interview:

There are some people in politics and in the press who can't be confused by the facts. They just will not live in an evidence-based world. And that's regrettable. It's regrettable for our political system and for the people who serve our government in very dangerous, difficult circumstances.

She was talking about the Benghazi attack but it obviously applies to pretty much everything the Right does these days. Don't like the facts? Make up your own! And then personally attack anyone who questions their love of larping.

Because that's just what they are doing!!

Wednesday, May 02, 2012

Where's That Fail Again?

Dow Jones average hits highest mark since '07

The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years. Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose. A measure of manufacturing employment also reached a nine-month high, a hopeful sign ahead of Friday's monthly jobs report. 

I'm still having trouble still seeing how the president is destroying the economy and wanting America to fail. Can anyone help me out?

Monday, August 08, 2011

He Is Not Hu Jintao

As the world watched the Dow plunge over 600 points today, most of the blame has centered on President Obama. This blame is coming from all sides of the political spectrum and, in particular, the left, who think that he needs to lead more strongly. The right is currently skipping with glee as their central mission (Obama must fail), in their eyes, is working. Neither of these perceptions are accurate reflect reality, of course.

To a certain degree, some people will always blame the president. Those that don't like him anyway didn't give him credit when the Dow surged over the time of his presidency so why would they now? It's ridiculously predictable that they will now blame him when it falls. He loses with these folks no matter what he does. The people that do like him seemingly want him to lead in a king like fashion and begin executing jobs plans as well as ordering a single branch overhaul of the economy.

Someone needs to throw some cold water on these folks and make them realize that the president is not Hu Jintao. People from the left and the right complain that he doesn't "have a plan." It's not his fucking job to have a plan. That's the job of Congress. The people on the right are doing it because it helps them in their mission to see him fail. The people on the left are doing it because they want more government control over our country. Again, neither can happen. Again, Barack Obama is not Hu Jintao.

We don't live in a centrally planned economy, folks. Oddly, both sides think we do.

This might be a good time to decimate the lie that has been floating around the right wing blogsphere that President Obama hasn't delivered a budget for the last two years. He has and the evidence for it is right here. Let me repeat this again for those that have trouble hearing. President Obama has delivered a budget every fiscal year since he has been in office. 

The problem with the budget is the same problem with our economy and it's a big reason why the stock market is falling off a cliff right now: Congress. In 2010, Congress failed to adopt a budget resolution because of political cowardice. That's on the Democrats. in 2011, Congress failed to adopt a budget resolution for 2012 because of the true believers running the House presently. That's on the Republicans.

So, Congress is a big part of the fucking problem, folks and, by extension, that means us. We all love our Representative but hate everyone else. Current approval ratings of Congress are in the teens but nothing will change. We can't vote for other districts. We can only work within our own which means Tip O'Neill was right: All politics are local. Until we stop loving our guy no matter what (AKA completely lacking in motivation to change), we should expect the same results.

Honestly, though, much of our economy is beyond the control of the government so Congress isn't the only reason why we are at fault. It is a free market, after all. A big part of our economy (nearly two thirds) is consumer confidence and that's very low at present. Yet we still can't offer this as a substantive reason for why things are all balls right now. So why do we blame the government?

Because we're lazy and we worship rich people. Nothing is ever our fault so why should we have to work to fix things? And being critical of the wealthy these days is tantamount to asking a black guy why he likes to hang out on the porch all day eating fried chicken and watermelon.Most of us lack the ability to seriously reflect on what has to be done to fix the problems we have. Blaming the president and, to a certain degree, blaming Congress for the Dow dropping over 600 points makes no sense when you consider these things, Essentially, we have become Frito Pendejo from the film Idiocracy.

Go away...'batin'...