Dow Closes At Highest Since '08

[GMScud]

Originally Posted by 12thMan

No guarantees in politics, but the Dow and the economy are doing well for now. I think whatever happens in Europe will be the focus going forward.

Let's just keep our fingers crossed on all fronts.

Yeah politics aside, this is great news. And yes, fingers crossed.

[SirClintonPortis]

FYI, the deficit and the debt are two distinct, separate concepts. The deficit refers the total amount spent minus the total amount taken in for a single fiscal year. The debt refers to the total amount of dough the government owes, from all previous years. The debt can be thought of as accumulated deficits.

[GMScud]

Originally Posted by SirClintonPortis

FYI, the deficit and the debt are two distinct, separate concepts. The deficit refers the total amount spent minus the total amount taken in for a single fiscal year. The debt refers to the total amount of dough the government owes, from all previous years. The debt can be thought of as accumulated deficits.

FYI, I'm fully aware of the difference between debt/deficit. Bragging about lowering the deficit $200B last year seems pretty shortsighted in light of the fact that he's raised the debt by over 5 TRILLION during his presidency. Regardless, to the point of this thread, I'm glad the markets are performing well.

This isn't directed at you, but a point I'd like to reiterate: My criticism of the Obama administration should not be wrongly interpreted as an endorsement of the right wing.

Basically at this point I'm a less abrasive version of NCSkins when it comes to American politics. I'm not really feeling either side.

[12thMan]

Originally Posted by GMScud

FYI, I'm fully aware of the difference between debt/deficit. Bragging about lowering the deficit $200B last year seems pretty shortsighted in light of the fact that he's raised the debt by over 5 TRILLION during his presidency. Regardless, to the point of this thread, I'm glad the markets are performing well.

This isn't directed at you, but a point I'd like to re-iterate: My criticism of the Obama administration should not be wrongly interpreted as an endorsement of the right wing.

Basically at this point I'm a less abrasive version of NCSkins when it comes to American politics. I'm not really feeling either side.

Good post, Scud. But when you say "Obama" has raised the debt by over $5 Trillion, that's not entirely true. What is true is that it has increased since the day he took office, but only a portion of that is a direct result of his policies. Fact is we're still paying for the wars, Medicare B, and yes, Obama decided to extend the Bush tax cuts for another 2 years.

The broader point still remains though, regardless of who's in office, the country needs to get spending under control.

[GMScud]

Originally Posted by 12thMan

Good post, Scud. But when you say "Obama" has raised the debt by over $5 Trillion, that's not entirely true. What is true is that it has increased since the day he took office, but only a portion of that is a direct result of his policies. Fact is we're still paying for the wars, Medicare B, and yes, Obama decided to extend the Bush tax cuts for another 2 years.

The broader point still remains though, regardless of who's in office, the country needs to get spending under control.

To your first paragraph- fair enough, that increase certainly wasn't all due to his policies.

To the point in bold, the massive scaling-back of our military presence in Iraq and Afghanistan should really help. May help us catch up to some of the President's domestic spending. But hey, I'd rather spend money on America than on wars.

[12thMan]

Originally Posted by GMScud

To your first paragraph- fair enough, that increase certainly wasn't all due to his policies.

To the point in bold, the massive scaling-back of our military presence in Iraq and Afghanistan should really help. May help us catch up to some of the President's domestic spending. But hey, I'd rather spend money on America than on wars.

Agreed. Afghanistan has been such an epic waste of resources. I really hope Obama escalates his withdrawal plans if he get's reelected.

[SirClintonPortis]

Originally Posted by GMScud

FYI, I'm fully aware of the difference between debt/deficit. Bragging about lowering the deficit $200B last year seems pretty shortsighted in light of the fact that he's raised the debt by over 5 TRILLION during his presidency. Regardless, to the point of this thread, I'm glad the markets are performing well.

Cool. I only meant to inform those who did not know, but I admit I wasn't clear about that.

[saden1]

Originally Posted by GMScud

FYI, I'm fully aware of the difference between debt/deficit. Bragging about lowering the deficit $200B last year seems pretty shortsighted in light of the fact that he's raised the debt by over 5 TRILLION during his presidency. Regardless, to the point of this thread, I'm glad the markets are performing well.

This isn't directed at you, but a point I'd like to reiterate: My criticism of the Obama administration should not be wrongly interpreted as an endorsement of the right wing.

Basically at this point I'm a less abrasive version of NCSkins when it comes to American politics. I'm not really feeling either side.

It's not bragging, it's actually a huge accomplishment given that when he came into office the the deficit was 1.3 trillion and the economy was in the tank. Obama took necessary steps to right the ship that a sane person would take and for that he deserves some credit.

[12thMan]

Great point.

[Dirtbag59]

I'm telling you guys. Re-Elect Obama and add a couple of Republicans to the Senate and we'll get back to business.

[Hog1]

About 15 years ago my next door neighbor was serious when he told me one day that the U.S. could not be saved in it's current state. He told me flatly it would require a revolution. Even though we were friends, I thought my myself at the time....what a nutcase..
but........

[saden1]

Originally Posted by Hog1

About 15 years ago my next door neighbor was serious when he told me one day that the U.S. could not be saved in it's current state. He told me flatly it would require a revolution. Even though we were friends, I thought my myself at the time....what a nutcase..
but........

What kind of revolution is he talking about? Violent kind? Those kinds of revolutions tend to fail more often then not...he may not be nuts but he is definitely retarded.

I'm leaning towards robbery and getting a piece of the action.

[12thMan]

The Dow will probably cross 13,000 by week's end.

[12thMan]

Exactly! LOL..if he was going to cook the books, shit, he should have thought about it during the mid-terms and held onto the House.

[12thMan]

All partisan bull aside, I know everyone's cheering for a strong recovery. I'll let the pitbull Saden1 doing the talking and strutting

A little more good news..

CONSUMER CREDIT DEMOLISHES EXPECTATIONS, GROWS $19 BILLION