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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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Gottfried
To: CrashDavis who wrote (1119)5/1/2014 12:54:16 PM
From: Jerome1 Recommendation  Read Replies (2) of 26769
 
Hi Crash... your rant does show some sign's of a political bias.

"we have the weakest recovery in history. And the bill for all this is a staggering $1.7 trillion per year and counting."


As I view it, the do nothing congress has had time to pass a "Repeat Obamacare" 51 times and counting, while not having the time to pass any infrastructure bills that would help the economy. (roads, bridges, high speed rail).
California would benefit greatly from some infrastructure spending.


Your staggering 1.7 trillion deficit is in a large part due to 11 years of war in Iraq, and Afghanistan, that Republicans just never got around to paying for. Likewise the Medicare Rx program that was never paid for.


It could be that the Republican house does not want to do anything to help the national economy, because that would make Obama look good.


Likewise raising the minimum wage to $10.10 an hour would lift many millions out of poverty and add a lot to GDP growth and that is going nowhere in the current congress.


But the stock market is doing well, and as far as I can tell, the Obama critics are crying all the way to the bank. Why would you want to change anything?











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