Comments on: Fox's Neil Cavuto Wants to Know: Is This the Bush Recovery? http://www.indecisionforever.com/2009/10/15/foxs-neil-cavuto-wants-to-know-is-this-the-bush-recovery/?xrs=rss_indecisionforever Indecision Forever blog Thu, 18 Mar 2010 04:55:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Bearness http://www.indecisionforever.com/2009/10/15/foxs-neil-cavuto-wants-to-know-is-this-the-bush-recovery/#comment-220418 Bearness Fri, 16 Oct 2009 16:46:25 +0000 http://www.indecisionforever.com/?p=17970#comment-220418 In reality, things really aren't that much better than they were in January. The market probably dropped to far because of panic. The market has probably recovered too much because big investors are moving back into the market buying up bargin basement priced stocks. The main difference between the market today and the market hitting it's low in March is "confidence" vs. "panic". And top that off with 2 of the 30 stocks in the DOW being replaced with other companies and you have to acknowledge it is artificially inflated.. You put GM (which isn't even traded on the NYSE anymore) back in the DOW and you would knock 200 points off of it instantly. Right now the near 10% unemployement and 250,000 jobs lost a quarter are better indicators of the state of the economy than the Dow hitting 10,000. If FOX wants to give Bush credit for it, I'm willing to help. In reality, things really aren't that much better than they were in January. The market probably dropped to far because of panic. The market has probably recovered too much because big investors are moving back into the market buying up bargin basement priced stocks. The main difference between the market today and the market hitting it's low in March is "confidence" vs. "panic".

And top that off with 2 of the 30 stocks in the DOW being replaced with other companies and you have to acknowledge it is artificially inflated.. You put GM (which isn't even traded on the NYSE anymore) back in the DOW and you would knock 200 points off of it instantly.

Right now the near 10% unemployement and 250,000 jobs lost a quarter are better indicators of the state of the economy than the Dow hitting 10,000.

If FOX wants to give Bush credit for it, I'm willing to help.

]]> By: hamaca http://www.indecisionforever.com/2009/10/15/foxs-neil-cavuto-wants-to-know-is-this-the-bush-recovery/#comment-220243 hamaca Fri, 16 Oct 2009 14:51:48 +0000 http://www.indecisionforever.com/?p=17970#comment-220243 If President Obama gets credit for the market recovery due to his administration's intervention, because it happened under his watch, the premise being that even though he is still early on in his time in office, he is responsible for it, THEN he has to be assigned responsibility for the good, the bad, and the ugly that has gone on since he took office. I happen to think (though am happy to be proven wrong--I really don't care which way it is) that there is still the influence of the previous administration's decisions and actions for a time, maybe a year or two, maybe longer in some cases. This would include the markets, it would include the messes we are facing as a nation. To sum it up, I believe there is shared responsibility that can be attributed to both sides during a transition period before an administration gets to claim full credit for successes and at the same time be assigned responsibility for economic problems resulting from decisions or lack thereof. Neil Cavuto raises a fair question. I don't care whether he's right or wrong. If I'm missing the humor (other than the Nixon reference)...sorry 'bout that! If President Obama gets credit for the market recovery due to his administration's intervention, because it happened under his watch, the premise being that even though he is still early on in his time in office, he is responsible for it, THEN he has to be assigned responsibility for the good, the bad, and the ugly that has gone on since he took office.

I happen to think (though am happy to be proven wrong–I really don't care which way it is) that there is still the influence of the previous administration's decisions and actions for a time, maybe a year or two, maybe longer in some cases. This would include the markets, it would include the messes we are facing as a nation.

To sum it up, I believe there is shared responsibility that can be attributed to both sides during a transition period before an administration gets to claim full credit for successes and at the same time be assigned responsibility for economic problems resulting from decisions or lack thereof.

Neil Cavuto raises a fair question. I don't care whether he's right or wrong. If I'm missing the humor (other than the Nixon reference)…sorry 'bout that!

]]> By: Bearness http://www.indecisionforever.com/2009/10/15/foxs-neil-cavuto-wants-to-know-is-this-the-bush-recovery/#comment-219358 Bearness Fri, 16 Oct 2009 05:25:28 +0000 http://www.indecisionforever.com/?p=17970#comment-219358 How about if we sit the difference. Obama can get the credit for rebuilding conference in the market and 25% market increase this year. Bush can get credit for the 250,000 jobs still being let every quarter. How about if we sit the difference. Obama can get the credit for rebuilding conference in the market and 25% market increase this year. Bush can get credit for the 250,000 jobs still being let every quarter.

]]>