Dow Closes At Highest Since '08

[firstdown]

Originally Posted by 12thMan

Cons favorite argument, Pres. Obama ran up record levels of debt.

And what part of that is not correct but to make you feel good he doing just a wonderful job.

[12thMan]

Originally Posted by firstdown

And what part of that is not correct but to make you feel good he doing just a wonderful job.

I don't need to feel good about Obama, we all have a vested interest in seeing him or whomever is next succeed for the benefit of the country.

The day President Obama took office the deficit stood at $10.6 trillion. It currently stands at roughly north of $15.2trillion. If you simply look at the cost of his policies over the past 3 years, the total is probably closer to $1 trillion, not the $4.7 trillion. But there a couple of different ways to look at it.

But as it relates to this thread Wall Street, at least for now, appears to be impervious to the nation's growing deficit and Washington's inability to get it under control.

[saden1]

Originally Posted by 12thMan

I don't need to feel good about Obama, we all have a vested interest in seeing him or whomever is next succeed for the benefit of the country.

The day President Obama took office the deficit stood at $10.6 trillion. It currently stands at roughly north of $15.2trillion. If you simply look at the cost of his policies over the past 3 years, the total is probably closer to $1 trillion, not the $4.7 trillion. But there a couple of different ways to look at it.

But as it relates to this thread Wall Street, at least for now, appears to be impervious to the nation's growing deficit and Washington's inability to get it under control.

If you're going to count score at least be good at it. When Obama took office the 2008 budget with a deficit of 1.3 trillion was already set in stone not to mention supplemental military budget during 08. In the best case the debt was at the very least 11.9 trillion. And of course you can't have successful funny math if you don't count the entire TARP and auto-bailout spending against Obama.

[GMScud]

This is a fair explanation:

Nobody Understands Debt