Just curious

[BadGirl]

You are stunningly wrong about that.

The one thing Obama decided he MUST have is a rebound to the stock market with the knowledge that, whatever resistance he faced on whatever issues, at the end of the day, or each statement, individual investors, as well as institutional investors as well as the 'big' money people would be somewhat subdued in their resistance simply because they were doing better.

This is why he insisted Geithner be on board. This is why he's been behind Bernanke every step of the way.

Now, we can look at the market for what it is; artificial, and we can debate how much risk the whole mess is and we can come to grips with the reality that only because of the Fed endlessly propping the thing up is it doing well, but, the fact remains your, most everyones investments have rebounded BECAUSE of the decisions President Obama has made.

You ought to at least know that if not acknowledge it.

Listen, Dude, if Obama can't take the "credit" when things go wrong in his administration, he can't take the "credit" when things go right.

It is just that simple.

 

[Larry Gude]

Listen, Dude, if Obama can't take the "credit" when things go wrong in his administration, he can't take the "credit" when things go right.

It is just that simple.

Well, dudette, that's not the point, is it? Obama, rightly, is critisized for his failings. However, Baja can't sit there, be critical of him, then be all happy with his stocks and not understand that, if he likes nothing else Obama has done, he did rebound the stick market. And, if you read what I am saying, even that, Obama has done incorrectly.

 

[Baja28]

Well, dudette, that's not the point, is it? Obama, rightly, is critisized for his failings. However, Baja can't sit there, be critical of him, then be all happy with his stocks and not understand that, if he likes nothing else Obama has done, he did rebound the stick market. And, if you read what I am saying, even that, Obama has done incorrectly.

Larry!

Obama does NOT control the world market any more than he controls the price of a barrel of oil.

I worry about you man!

 

[Larry Gude]

I worry about you man!

Well, that explains why you don't get it; you're worrying about the wrong things.

Quantitative Easing is THE reason your 401K is better. It is the equivalent of me buying my own products and declaring sales are great and people buying my stocks with the understanding I'm gonna keep it going therefore they can play the stock with little risk. Obama supports this, fully, as well as Dodd/Frank and the rest of the work Geithner has over seen at Treasury.

Now, if you'd like to declare Obama has nothing to do with either of them, feel free. It would at least be consistent.

As I say, Obama is wrong to do it, to support it but, it is THE thing that has kept enough resistance at bay so that he could do the other stuff he wanted to do.

In fact, I'd bet there was a conversation back in '08, early '09, entitled 'what do we absolutely have to do?' and 'rebound stock market' was #1.

If you're happy with your portfolio, you owe Obama and Geithner and Ben a thank you. It is their policies that recovered it. It's fake and dangerous but, they did cool you and a whole bunch of other people out who would otherwise REALLY been upset with him were the market still at 7,000-10,000.

It just is, man. You ought to at least get that.

And, yeah, geopolitics and the policies generated by them, as run by our presidents, have a profound impact on the price of oil.


:shrug:

 

[Bann]

Hey, maybe it's Bann!