amicus
Literotica Guru
- Joined
- Sep 28, 2003
- Posts
- 14,812
Hats off to the Bush administration! New High on Dow Jones, Low taxes equal high employment!
Definition:
[noun] an indicator of stock market prices; based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange; "the Dow Jones Industrial Average is the most widely cited indicator of how the stock market is doing"
Synonyms: Dow Jones, Dow-Jones Industrial Average
Dow Jones & Company (NYSE: DJ), based in the United States, is a publishing and financial information firm.
The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company is publicly traded but privately controlled. The company is led by the Bancroft family, and is not the subsidiary of a multinational corporation.
Print publishing
Its flagship publication, The Wall Street Journal, is a daily newspaper covering U.S. and international business and financial news and issues. It began publishing on July 8, 1889.
~~~~~~~~
President Hoover and the market crash…
http://www.u-s-history.com/pages/h1580.html
After just eight months in office, on October 29, 1929, the stock market crashed, fueling a growing depression that became the most severe economic crisis the United States had ever known, and second only to the Civil War as the greatest domestic crisis in the nation's history.
Although Hoover has been blamed for the stock market crash, he, in fact, warned President Coolidge in 1925 about the dangers of excessive stock market speculation. He again expressed concern while running for president in 1928.
~~~~~~~~~~~~~~
I was thinking of how the Bush administration, after 8 months in office…was hit with the terrorist disaster in New York City.
I was also thinking of the Jimmy Carter years, both an economic disaster and a hostage crisis in Iran and how the Reagan Presidency turned the nation around in short order by a firm military policy and a massive tax cut across the board.
A conservative pundit on Fox News sarcastically said, “ah, yes, the democrats will say that Bush talked to his buddies in the oil business and lowered gas prices just before the election…he also talked to his cronies on Wall Street to influence the Dow Jones average to reach news highs….”
Yeah, sure, and Carl Rove is the devil incarnate and Dick Cheney really runs the government.
Democrats are ridiculously funny at times.
So, I wish to offer a true and sincere word of appreciation to President Bush, Vice President Cheney and each and every individual in the cabinet and the entire Bush administration for five and a half years of truly heroic and patriotic service to the nation.
After the disaster of 9/11, that brought the worlds financial capitol to it’s knees, shook the very foundation of business around the world, caused stock markets to tumble globally, five years later, business and the stock market have recovered and gone on to new highs; and please remember the Airline Industry, staggered by not just the events, but the implications of the attack.
If that tragedy was not enough for one President to oversee, factor in now please, the disaster of Hurricane Katrina that destroyed about thirty percent of the nations capability to refine, process and distribute petroleum products. It also closed down one of the largest Ports in the Nation, the Port of New Orleans, which handled nearly fifty percent of the agriculture export output of the middle west breadbasket of America and employs and sustains millions across the nation. A tremendous double whammy on both the economy and the morale of an entire nation.
Yet, Bush came through, stayed the course and began a measured retaliation against terrorist forces around the world. It is being done with a terrible cost in human life and a staggering cost in resources, not just here, but around the world.
And yet…and yet…the economy is booming, employment is at an all time high, the housing boom, new homes and jobs for Americans, continues.
And with the tax cuts of the Bush administration, the national debt is being reduced and the yearly deficit grows smaller each accounting period.
Liberals have a hard time equating lower taxes with high government revenue, but it remains a fact whether the left admits it or not.
Liberals also don’t like to admit that ‘entitlement programs’ those utopian socialist programs that became law under FDR and LBJ, social security and medicare and such, consume 60 to 80 percent of government tax revenue each year, leaving just a minor percentage of tax revenue for all the other ‘necessary’ government programs such as defense of the nation.
Although the Democrats quiver and quake and whine and criticize and complain, The Patriot Act and the Department of Homeland Security has for five years prevented further attacks on American soil.
I cannot predict that the American voting public will understand and reward Republicans with an affirmation in November and in 2008, but I suspect they will.
Amicus….
Definition:
[noun] an indicator of stock market prices; based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange; "the Dow Jones Industrial Average is the most widely cited indicator of how the stock market is doing"
Synonyms: Dow Jones, Dow-Jones Industrial Average
Dow Jones & Company (NYSE: DJ), based in the United States, is a publishing and financial information firm.
The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company is publicly traded but privately controlled. The company is led by the Bancroft family, and is not the subsidiary of a multinational corporation.
Print publishing
Its flagship publication, The Wall Street Journal, is a daily newspaper covering U.S. and international business and financial news and issues. It began publishing on July 8, 1889.
~~~~~~~~
President Hoover and the market crash…
http://www.u-s-history.com/pages/h1580.html
After just eight months in office, on October 29, 1929, the stock market crashed, fueling a growing depression that became the most severe economic crisis the United States had ever known, and second only to the Civil War as the greatest domestic crisis in the nation's history.
Although Hoover has been blamed for the stock market crash, he, in fact, warned President Coolidge in 1925 about the dangers of excessive stock market speculation. He again expressed concern while running for president in 1928.
~~~~~~~~~~~~~~
I was thinking of how the Bush administration, after 8 months in office…was hit with the terrorist disaster in New York City.
I was also thinking of the Jimmy Carter years, both an economic disaster and a hostage crisis in Iran and how the Reagan Presidency turned the nation around in short order by a firm military policy and a massive tax cut across the board.
A conservative pundit on Fox News sarcastically said, “ah, yes, the democrats will say that Bush talked to his buddies in the oil business and lowered gas prices just before the election…he also talked to his cronies on Wall Street to influence the Dow Jones average to reach news highs….”
Yeah, sure, and Carl Rove is the devil incarnate and Dick Cheney really runs the government.
Democrats are ridiculously funny at times.
So, I wish to offer a true and sincere word of appreciation to President Bush, Vice President Cheney and each and every individual in the cabinet and the entire Bush administration for five and a half years of truly heroic and patriotic service to the nation.
After the disaster of 9/11, that brought the worlds financial capitol to it’s knees, shook the very foundation of business around the world, caused stock markets to tumble globally, five years later, business and the stock market have recovered and gone on to new highs; and please remember the Airline Industry, staggered by not just the events, but the implications of the attack.
If that tragedy was not enough for one President to oversee, factor in now please, the disaster of Hurricane Katrina that destroyed about thirty percent of the nations capability to refine, process and distribute petroleum products. It also closed down one of the largest Ports in the Nation, the Port of New Orleans, which handled nearly fifty percent of the agriculture export output of the middle west breadbasket of America and employs and sustains millions across the nation. A tremendous double whammy on both the economy and the morale of an entire nation.
Yet, Bush came through, stayed the course and began a measured retaliation against terrorist forces around the world. It is being done with a terrible cost in human life and a staggering cost in resources, not just here, but around the world.
And yet…and yet…the economy is booming, employment is at an all time high, the housing boom, new homes and jobs for Americans, continues.
And with the tax cuts of the Bush administration, the national debt is being reduced and the yearly deficit grows smaller each accounting period.
Liberals have a hard time equating lower taxes with high government revenue, but it remains a fact whether the left admits it or not.
Liberals also don’t like to admit that ‘entitlement programs’ those utopian socialist programs that became law under FDR and LBJ, social security and medicare and such, consume 60 to 80 percent of government tax revenue each year, leaving just a minor percentage of tax revenue for all the other ‘necessary’ government programs such as defense of the nation.
Although the Democrats quiver and quake and whine and criticize and complain, The Patriot Act and the Department of Homeland Security has for five years prevented further attacks on American soil.
I cannot predict that the American voting public will understand and reward Republicans with an affirmation in November and in 2008, but I suspect they will.
Amicus….
