Hope and change
 |
| From Political |
Was it something he said?
6 Responses to “Hope and change”
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
 |
|
Find Local
|
Categories
- ATF (769)
- Death Match (10)
- Eminent Domain (225)
- In the bag (9)
- Notes to Junior (546)
- Poker (74)
- Recipes (142)
- Shotgun Noob (11)
- The Airing of Grievances (19)
- uncategorized (47,725)
February 25th, 2009 at 1:50 pm
Historically the stock market has done better under Dems than the GOP. Gotta love ya bud, but I must admit I’m at a loss to explain your fascination with the running series of posts hinting at “Obammy’s gonna make the market go down oh noeees!” or some such.
Tying a short period of performance (like a day or two) in the market to a particular politician’s latest speech is like assuming there’s no such thing as GW cause it’s snowing today in Lake Wagga Wagga.
February 25th, 2009 at 1:54 pm
Actually, it’s more a rebuttal to the ‘Bush is making the market go down oh noeees’ we’ve heard for the last 8 years. I don’t think presidents impact the economy that much other than to the extent they hire people or purchase goods & services.
February 25th, 2009 at 1:58 pm
Markie Marxist sez: “Some of us Marxists were worried that Obama wouldn’t come through for us on our agenda to destroy capitalism and bring down America, because he wasn’t Stalinist enough. However, he’s really been coming through for us! He opens his mouth and the stock market nosedives! Ha! Ha! All your capitalism are belong to us! Americans will be standing around fires, drinking water from rusty, tin cans and begging for more socialism to save them before Obama’s done!”
February 25th, 2009 at 2:00 pm
Yeah, long term trends are another whole ball o’ wax. It remains to be seen, but my guess is we’re in for a long painful ride and Obammy hataz will have plenty of opportunity for payback…at which point his supporters can make the same point you just made.
February 25th, 2009 at 5:09 pm
Is this the bump that normally happens after a president makes a heroic, Rooseveltic-Reaganesque-Kennedian speech that is meant to pump up the economy?
“All your capitalism are belong to us!”
– Ha ha, gotta love that.
February 26th, 2009 at 5:03 am
I don’t get it. First of all, I’m not sure it’s the president’s job to reassure the markets if doing so means essentially lying about the economy’s prospects. And secondly, I really don’t remember a wave of criticism of W vis-a-vis what he did to the stock market. There were plenty of complaints about W, but I don’t remember “he’s tanking the market” being on the top 10 list.
In any case, Econbrowser has had an interesting series of posts, in which they discuss the fact that what the market really WANTS and is holding out hope for is more TARP-style no-strings-attached bailouts. Something tells me this is NOT something Uncly Wuncly would approve of. The market doesn’t want bank nationalization, but it REALLY doesn’t want banks to be simply allowed to fail, either. It wants them bailed out. Which would be Teh St00pid.