"Why the Obama Plan Is Working"

[impik]

Polls say the economy is heading in the wrong direction. Markets say it's back on track. This time, the markets are right.


http://www.businessweek.com/magazine/content/10_16/b4174028669540.htm

[golddigger]

1. Well, at least till monday.

[NJmaverick]

2. I am reminded of that all saying about money talks and bull sh*t walks

[ShortnFiery]

3. Yes, for good or bad: the chickens are coming home to roost.

:evilgrin:

[asphalt.jungle]

6. i think this tidbit shows that consumer polls

are sometime nonsense.

"Among those who own stocks, bonds, or mutual funds, only 3 out of 10 say the value of their portfolio has risen since a year ago, according to the poll—a near-impossibility given the size and breadth of the market gains"

that means every republican and some democrats and indies lied because they feel it's better to be negative if it's going to be used to pass judgment on the president's economic approach. if the value of your portfolio didn't increase in the last year, you need to get out of the market and put your money in a savings account. that number should at least been 8/10.

[OllieLotte]

7. That or a number of them moved money out of the stock market.

If you had money in treasuries or CD's, you didn't make anything this past year. People also tend to forget the time frame.

[ibegurpard]

8. odd

i was looking at a statement the other day and mine has regained 60 percent of the value it had lost at the depth of the crash.
remains to be seen yet whether this will translate to job gains on the street and that's what really matters.

[NJmaverick]

4. Does anyone remember when the GOP and the right was attacking then candidate Obama

for saying bad things about the economy. Why is it OK for them to do it and work hard to convince with half truths and other deceptions that the economy is worse than it really is?

[ShortnFiery]

5. Because as the Banksters and Wall Street are "sittin' pretty" most Americans are either ...

unemployed or under-employed.