Not unless he controls what Yellen is doing.
The stock market has not increased in value. Instead, it reflects inflation caused by more than tripling the money supply. The stocks are worth less, but it’s hidden under the fact that the dollar is worth less.
*snickering*
When he came to power, the economy was in a free fall and losing 8 million jobs, today it is growing and all the lost jobs have been recovered.
Well you can destroy him right there s that is total bullshit.
There are less people in the workforce today then before. Full time jobs were lost and almost all replacement jobs have been part time. The economy is still in a free fall when no one is hiring full time workers with benefits and only hiring part time with no benefits.
Haven’t you heard? Is the reason for ALL success stories...ever. To believe otherwise is, well, racist.
Who wrote this fantastic? Donald Duck?
The Stock market has but the what is, $85B a month into the market propped it up.
Debt 2.8% of GDP. and the unemployed are almost 100M? What drugs are they on that they can make this stuff up and still be able to write it down?
The money’s got to go somewhere.
Well, they say that figures don’t lie. But one has to take into account that it may be liars that do the figuring.
The stock market’s high valuation is a direct result of Federal Reserve money-printing and central banks throughout the world buying stocks to prop them up. This plus the zero interest rate policies that make it impossible for middle class Americans to grow their savings is largely responsible for the growing “income inequality” that the Democrats have the nerve to use as a political issue.
What it boils down to is that after the 2008 crash America had two options - we could endure massive financial pain and restore actual value to our currency, real-estate and stock markets, or we could print and borrow money like crazy trying to reinflate everything no matter what.
We chose the latter. What’s happening now cannot be sustained for much longer and it won’t be pretty when all these chickens come home to roost.
It’s not a success... It is inflation.
17,000 today is only worth half it was when Obama took office- if they were reporting the inflation rate honestly. It’s the equivalent of 8,500
With them printing money like crazy, and the cost of everything at least twice what it was when Odumbass took over.
>>and all the lost jobs have been recovered.
And all the lost jobs have been replaced with lower-wage, mostly part-time jobs. But hey, a job’s a job as long as government bureaucrat can count it!
Bernanke and the Fed’s ability to `print’ money with a few computer key strokes, and throw it at business has a lot to do with the current happy bulls’ hit economy. They make the money, issue the T-bills and call the printers with the order.
He would if he could, but Obama can’t kill the stock market all at once.
That bubble is going to pop eventually, something like paying off charge cards with new charge cards. Eventually you run out of other peoples’ patience and then we fall a very long way.
Banks can loan ten bucks for every dollar they have in the vault? Feds, same/same. We’re doomed.
Printing monopoly money has kept the stock market going. Such sneakiness leads to the hidden tax of inflation over time.
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The market and underlying fundamentals would be much, MUCH greater without Obama regularly damaging them and discouraging investors.
A trend based on two points is often about the two points selected. Yes, the economy was doing badly when Obama came to office. That was two years after the Democrats had taken control of Congress. It took them two years to crash the economy. Two years before that, with a Republican Congress and George Bush as President, the economy was doing very well.
A better comparison would be between 2006 (Republican Congress, Republican President) and 2010 (Democrat President, Democrat Congress).
So it's risen in almost direct proportion to the cost of a gallon of gasoline, a pound of bacon and my monthly health insurance bill.
That's called inflation. And to anyone with even a passing familiarity with the real world, it's a bad thing.
If it was not for the fed pumping billions into equity’s and then making the bonds too cheap to make a profit on the yield so they moved into equities as well.
The market would a over a thousand points lower.
When the fed has to pull back in a bigger hurry because they are inflating the economy, you will see the carnage.
he actually has...obama’s regulatory strangulation has made hiring new employees as unattractive as it gets...yet even with less employees corporations are still making as much revenues as previous years...same revenues - less employees = more profits = higher stock prices!!!
When Obama took over the stock market crashed (before and after he took office). Thus it started rebounding. It is not that much higher than 2008 it only looks better compared to the trough of the crash. The only reason it has rebounded is money has nowhere else to go with near zero interest rates pushed by the fed. The market held on with a modest rebound in spite of Obama. Had there been conservative economic policies and growth the market would be much higher now IMO.