Originally Posted By tiggertoo The “we haven’t had an attack since 9/11†card is very premature IMO. It isn’t as Muslim attacks on the US mainland occurred on a monthly basis, so a few years of no attacks is not really much to tout about. There were roughly 8 years between the 1993 WTC terrorist attack and 9/11. When we get into the 10-12 year range all begin to take the “no terrorist attack since 9/11†more seriously. As for now, I don’t see a huge difference to pre vs. post 9/11 in terms of number of terrorist attacks. I can only hope we are indeed safer, but I have my doubts.
Originally Posted By Beaumandy <<The entie "Bush Lied!" BS has been debunked,>> No it hasn't.>> Really RT. Tell me a lie Bush told. Something Bush said that he knew wasn't true yet he lied anyway. Then tell us why he lied. Then tell us why you even care about lies since Clinton a PROVEN liar, is your hero. <<the economy is roaring,>> No it is not.>> Really?? The stock market is over 12000 and unemployment is lower than BJ Clinton had it. More people have more money to spend than ever and opportunity is everywhere. If you want to act like soup lines are forming in every city and town in America then you again show you live in a fantasy world.
Originally Posted By Beaumandy <<The “we haven’t had an attack since 9/11†card is very premature IMO. It isn’t as Muslim attacks on the US mainland occurred on a monthly basis, so a few years of no attacks is not really much to tout about.>> I don't think so. EVERYONE said we would be attacked again after 9-11. It's been 5 years and terror attacks have happened all over the world, yet not here... yet. The reason we havn't been his is because we have stopped them from doing it and we have the terrorists on the run. When we do get his again, the country is going to ask the democrats what they did to help stop the attack. People will see that the democrats HELPED the terrorists as they tried to make Bush the bad guy.
Originally Posted By DouglasDubh <The stock market is over 12000 and unemployment is lower than BJ Clinton had it.> Actually, the Dow is 11500 right now. Hopefully it will rally in the next few weeks, and break 11800.
Originally Posted By vbdad55 Housing start news and backlog of auto and durable goods inventory will likely hold it back... Fed rate move or non move will be the make or break for market move.
Originally Posted By Beaumandy You are right. The stock market is not to 12000 yet, but it is at record highs. I bet it will break 12000 by Christmas. Anyone??? LOL If you want to judge the economy, just look at the stock market for a good idea of what is going on.
Originally Posted By vbdad55 Oh yeah, that's always a solid indicator. "The Dow Jones Industrial Average reached a high of 381.17 on September 3, 1929." gee, what happened 6 weeks after that ? The crash followed a speculative boom that had taken hold in the late 1920s, which had led millions of Americans to invest heavily in the stock market I am not suggesting a depression, but don't try and sell the market index as THE indicator or economic health.
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Originally Posted By DouglasDubh <The stock market is not to 12000 yet, but it is at record highs.> Again, not quite. It's near record highs.
Originally Posted By DouglasDubh <The crash followed a speculative boom that had taken hold in the late 1920s, which had led millions of Americans to invest heavily in the stock market> Kind of like what happened under President Clinton.
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Originally Posted By jonvn The NASDAQ is half of what it was before. The DJIA is not the end all and be all of economic indicators. It's simply an indicator of certain stocks. How and why these companies are doing good or bad, for instance, if they save money by off-shoring, is not really reflected in the actual number. To say "the DJIA is up, so the economy is good" is really very myopic.
Originally Posted By vbdad55 Of course the reading comprehension challenged have already used this to say we are predicting a stock market crash ( in another thread) instead of debunking the market is the ket to the economy statement. Stock Market = $$$ A Share of Disney Stock = $30 Reading Comprehension = Priceless
Originally Posted By Dabob2 <<The crash followed a speculative boom that had taken hold in the late 1920s, which had led millions of Americans to invest heavily in the stock market>> <Kind of like what happened under President Clinton.> Yeah. The market dip at the end of Clinton's term was JUST like the Great Depression, and it's not partisan hyperbole in the slightest to suggest so.
Originally Posted By DouglasDubh Not "just" like, only "kind of" like. There was speculation, then a crash.
Originally Posted By vbdad55 The portion where many people who normally do not play in the markets did get in, and some heavily and many lost their shirts in the .com bust....yes there are parallels. To the same extent overall, or course not, but parallels all the same and that is not political hatchet work, just financial facts
Originally Posted By Jim in Merced CA <Not "just" like, only "kind of" like. There was speculation, then a crash.> I personally jumped off a building and commited suicide.
Originally Posted By tiggertoo ^^^ There were also many more social safety nets (unemployment insurance, etc...) and fiscal planning in 1998 as opposed to 1929.
Originally Posted By tiggertoo Although post 59 was initially for #57, I guess it could apply to #58 as well.
