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jimhanson 
Group: Moderator
Posts: 8491
Joined: Aug. 2003
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Posted on: Oct. 03 2006,6:10 pm |
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I guess that we can officially say that we are out of the "Clinton Recession" that started in 2000 with falling stock prices.  
From Breitbart.com
| Quote | Dow Soars to New Closing High of 11,727
Oct 03 4:45 PM US/Eastern
By ELLEN SIMON
AP Business Writer
NEW YORK
The Dow Jones industrial average finally reached new heights Tuesday, extending Wall Street's seven-year recovery with a record closing level after climbing into uncharted territory in trading earlier in the day.
The index of 30 blue chip stocks ended the session at 11,727.34, according to preliminary calculations, wiping out the previous record of 11,722.98.
Earlier, the Dow crossed its old trading high of 1,750.28, rising up to 11,758.95. Both of the previous records were set Jan. 14, 2000.
While investors welcomed the Dow's latest achievement, it comes at a time the stock market is more conservative, even more muted, than the Wall Street of early 2000. Then, investors were still piling exuberantly into high-tech stocks. In 2006, the market's gains come only after investors' careful parsing of economic data and corporate earnings reports. |
Greenspan, at the time, called it "irrational exhuberance". Unlike the previous high, when everyone was buying into the "dot.coms"--"businesses" with no product, no building, and no market, this time it is for real.
Libbies said "tax cuts won't work." Kerry called it "the worst economy in 70 years." And the Donks are still braying about "the poor economy".
You've got to ask yourself, "WHY is ANYBODY still listening to these people? Why does ANYBODY find them credible?"  
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"If you want to anger a Conservative, tell him a lie. If you want to anger a LIBERAL, tell him the TRUTH!"
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| Post Number: 2
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Liberal
Group: Moderator
Posts: 11451
Joined: Aug. 2003
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Posted on: Oct. 03 2006,6:21 pm |
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You're a tool.
Nobody believes the "Clinton recession" BS. Do you realize how stupid (or oxygen starved) someone would have to be to think that Clinton caused the recession?
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The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
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| Post Number: 3
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I was born in a small town
Group: Members
Posts: 315
Joined: Jul. 2006
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Posted on: Oct. 03 2006,6:36 pm |
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For my money, pun intended, I think pols get too much credit when things go good and take too much heat when they go bad.
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| Post Number: 4
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grassman
Group: Members
Posts: 3858
Joined: Mar. 2006
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Posted on: Oct. 03 2006,9:54 pm |
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The recession had nothing to do with the country being taken over by a bumbling idiot did it! 
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git er done!
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| Post Number: 5
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scorenix
Group: Members
Posts: 1147
Joined: Dec. 2004
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Posted on: Oct. 03 2006,10:33 pm |
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Today's stock market advance had little to do with Clinton. It is the belief that the slowing economy and falling oil prices, will not cause interest rates to rise, with inflationary pressures falling off.
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"Here is something for those who think I have not done much on my own to think about. I must then be one of the luckiest people around, and I think I am, I should then be able to keep that same luck going for the benefit of our area." - New ALEDA Executive Director Dan Dorman.
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| Post Number: 6
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scorenix
Group: Members
Posts: 1147
Joined: Dec. 2004
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Posted on: Oct. 03 2006,10:41 pm |
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| Quote (jimhanson @ Oct. 03 2006,6:10pm) | | Greenspan, at the time, called it "irrational exhuberance". Unlike the previous high, when everyone was buying into the "dot.coms"--"businesses" with no product, no building, and no market, this time it is for real. |
Greenspan's "irrational exuberance" speech was in 1996, and it related to overvaluation of assets, and he tied it to the Japanese stock market by example.
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"Here is something for those who think I have not done much on my own to think about. I must then be one of the luckiest people around, and I think I am, I should then be able to keep that same luck going for the benefit of our area." - New ALEDA Executive Director Dan Dorman.
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| Post Number: 7
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Oct. 04 2006,11:45 am |
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| Quote (grassman @ Oct. 03 2006,9:54pm) | | The recession had nothing to do with the country being taken over by a bumbling idiot did it! |
? Huh? What?
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| Post Number: 8
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jimhanson
Group: Moderator
Posts: 8491
Joined: Aug. 2003
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Posted on: Oct. 04 2006,12:40 pm |
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Scorenix | Quote | | Today's stock market advance had little to do with Clinton. |
We agree, Clinton had NOTHING to do with today's all-time high.
Liberal | Quote | | Nobody believes the "Clinton recession" BS. |
Yes, a NUMBER of economists believe the economy headed south during the 1st quarter of 2000--that would be during Clinton's presidency, wouldn't it? And just for good measure, the previous HIGH was JANUARY 14, 2000, after which the STOCK MARKET STARTED ITS DECLINE--also not true? And wasn't Der Schlickmeister still president?
Grassman | Quote | | The recession had nothing to do with the country being taken over by a bumbling idiot did it! |
I love it when libbies keep trying to hammer that theme--the guy has degrees from BOTH Harvard and Yale--and his opponent in 2000, Gore, was a dropout from Vanderbuilt. It's got to hurt to be whipped TWICE by a guy that you think is "a bumbling idiot"--what would that make the DONKS?
Causes for the recession? How about the collapse of the dot.com market, starting in 2000. How about that thing that happened in New York and Washington on Sept. 11, 2001? How about the ruination of the airline industry, travel industry, the restrictions on trade, the "bunker mentality" of business and consumers afterward as they hunkered down, not knowing what was coming next? The economy, bolstered by tax cuts, came roaring back--and this time, it's lean, mean, and real--unlike the "dot com bubble", there is underlying value in today's business.
Now, how about if you tell us what Mr. Bush did to CAUSE the downturn?
IWBIAST | Quote | | I think pols get too much credit when things go good and take too much heat when they go bad. |
True--"the economy" doesn't respond instantly--and peoples perception isn't instant, either. During the presidency of Bush 41, we had a small recession, but it had been over for 15 months before the election--and because New York (major media site) was still suffering, it was still "the continuing recession"--and Clinton and the Donks kept hammering "it's the economy, stupid"--even though the recession had long since ended. Fast forward to 2004--John Kerry and Howard Dean--"the worst economy in 70 years".
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"If you want to anger a Conservative, tell him a lie. If you want to anger a LIBERAL, tell him the TRUTH!"
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| Post Number: 9
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scorenix
Group: Members
Posts: 1147
Joined: Dec. 2004
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Posted on: Oct. 04 2006,1:02 pm |
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| Quote (jimhanson @ Oct. 04 2006,12:40pm) | | Fast forward to 2004--John Kerry and Howard Dean--"the worst economy in 70 years". |
Compare job growth of 2000-2004 with any other four year presidential term.
Have you bought State of Denial by Woodward yet?
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"Here is something for those who think I have not done much on my own to think about. I must then be one of the luckiest people around, and I think I am, I should then be able to keep that same luck going for the benefit of our area." - New ALEDA Executive Director Dan Dorman.
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| Post Number: 10
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Oct. 04 2006,1:18 pm |
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| Quote (scorenix @ Oct. 04 2006,1:02pm) | | Quote (jimhanson @ Oct. 04 2006,12:40pm) | | Fast forward to 2004--John Kerry and Howard Dean--"the worst economy in 70 years". |
Compare job growth of 2000-2004 with any other four year presidential term.
Have you bought State of Denial by Woodward yet? |
You're kidding right? You just lost your credibility by mentioning "Woodward". Like he has no agenda.
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