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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (504433)	8/26/2012 10:59:59 PM
From: steve harris	Read Replies (1) \| Respond to of 794220

Agreed wholeheartedly. It's something I can't rationalize, the media knows how bad Pelois, Reid, and Obama are, yet do they not realize their zealous support of a corrupt government makes them equally responsible for the direction America is heading? The only scenario I can imagine is like when the press blows the cover on some secret program or plan. I can't remember who it was, some recent newsman said if he discovered the Normandy invasion fleet, he absolutely would blow the lid on all of it. Of course then Roosevelt would have him put in front of a firing squad; ironic that may be the direction we are heading today in view of recent stories in the press of people speaking their opposition of the current administration. Instead of a firing squad, your simple basic run of the mill mob shows up at your front door.

To: Bill who wrote (504433)

8/26/2012 11:22:36 PM

From: Sr K

Read Replies (2) | Respond to of 794220

You want to suffer in your own misery.

Here are some numbers. The DJIA and Nasdaq are higher, the S&P 500 is down about 5.5 points, from 1/3/2007.

DateNasdaq% Chng.§S&P 500% Chng.§Dow Jones% Chng.§Notes

January 3, 2007	2423.16	—	1416.60	—	12,474.52	—
October 9, 2007	2803.91	+15.71%	1565.15	+10.49%	14,164.53	+13.55%	The day the DJIA and S&P 500 peaked.
October 10, 2007	2811.61	+0.27%	1562.47	-0.17%	14,078.69	-0.61%	The day the NASDAQ peaked.
January 2, 2008	2609.63	-7.18%	1447.16	-7.38%	13,043.96	-7.35%
June 27, 2008	2315,63	-11.27%	1278.38	-11.66%	11,346.51	-13.01%	The day the bear market declared.
November 4, 2008	1780.12	-23.13%	1005.75	-21.33%	9,625.28	-15.17%	Election day
January 2, 2009	1632.21	-8.31%	899.35	-10.58%	9,034.69	-6.14%
January 20, 2009	1440.86	-11.72%	804.47	-10.55%	7,949.09	-12.02%	Inauguration of Barack Obama
March 9, 2009	1268.64	-11.95%	676.53	-15.90%	6507.04	-18.14%	The day the DJIA, S&P 500 and NASDAQ bottomed.
October 9, 2007 to March 9, 2009	-1543	-54.9%	-886	-56.6%	-7657	-53.9%	Cumulative change (from peak to bottom)

[8] [9] [10]

§Values represent percent change from previous date listed in table.
[ edit]Opinions regarding the cause
During the bear market a heavy debate ensued as to whose fault the falling market was. The political parties were heavily divided during this period. [11] For the most part there were three camps: Ones that simply blamed the economy, others that wanted to pin the passing Bush Administration and others that wanted to push the blame on the newly arriving Obama Administration.

[ edit]Blaming the economy
In February 2007, a coming recession and bear market was predicted by Paul Lamont due to a growing debt bubble, the housing bubble and lack of car sales. [12]

en.wikipedia.org–2009

The question to ask this election year is not "Are you better off now than 4 years ago?" which was August 2008, before the GSEs were put into conservatorship, before Lehman Brothers filed bankruptcy, before TARP, and before the banking crisis and the takeovers of WaMu and Wachovia, but "Are you better off now than 43 months ago?" Or, "Are you better off now than on 1/20/2009"?