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One wonders if McCain had been elected whether the Dow might still be around 11,000?

Nope. But I daresay it’d return to that number faster if we didn’t have the Obama/Pelosi/Reid spoiled rich kids spending spree.

One wonders if McCain had been elected whether the Dow might still be around 11,000?

No way to know for certain and some things are beyond a president’s control. On the other hand, though, a far more competent approach to the economy would be underway if McCain had been elected. Say what you will about him, but at least he’s not a pork/earmark machine like President Ferengi.

I have no doubt if Sarah Palin had been elected, and of course John, the stock market would be around 12000.

At least we knew this too bad those who just wanted to make history by electing the first black president didn’t realise what was going to happen.

Well, if McCain Had been elected, the Dow certainly wouldn’t have NoseDived like it did immediately after the election and gotten this worse after the inauguration.

But, IMO, the Republican Party still would be in a complacent, stale rut.

McCain is still a RINO.

Unfortrunately the cospiracy that Obama and the MSM have foisted upon our country has happened and we are in the mess of a lifetime. I believe this needed to happen for America to realize how inept the Democrat Party is. This happens with the help of the liberal MSM. After this America will once again learn to doubt the MSM rather than believe their lies. They are a Pathetic group indeed!!

“Hope and Change” means never having to admit that the other guys were right.

I hope I have some spare change in my back pocket when this is all over…..

The real problem is because the “fundamentals of Obama” are “unsound”.

Everyday Obama reveals more and more ineptness and incompetance. In chinese numerology he is the 44th POTUS, and 44 is the most unlucky number ever, it means “die-die”, and whatever you do will be a failure—exactly how Obama is shaping up.

Ya don’t even have to write the script for that campaign ad. Retouch it, and it could be done.

Mike,

“Still” be around 11, 000 ? In October 2008, prior to the election, the Dow was already below 9,000. So what do you mean by “still be around 11,000?”

The biggest slump in the last decade happened in October – before the election. Of course the this is apparently and conveniently either

1) Because Obama was ahead

OR

2) the bubble bursting and nothing to do with Bush

-whilst-

when Obama took over as President in January any stock market loses are purely to do with Obama and not the cycle of the real economy being continually effected by the loses of the stock market and lack of confidence.

Whilst I’m not impressed by the money being chucked around by Obama and how it’s being spent the Dow Jones is making somewhat of a fragile recovery. I’m sure this is a disappointment to Rush and critics will say this purely down to anything but Obama.

Dave: Why don’t you try watching the video clip before asking a question?

Mike

I watched the video. What does it have to do with what the Dow was in October 2008- around 9000?
If John McCain had been elected on Nov 4, how could the Dow “still” be 11,000, when it was around 9,000 just the month before.

If John McCain was elected President, and if he somehow miraculously in the middle of the worst economic downturn since the Depression “raised” the Dow back to 11,000 – then the Dow would “once again” be 11,000, it wouldn’t “still” be 11,000.

Facts and grammar aren’t flexible.

@Dave Noble: The FACT is that when McCain made his statement about the economy the Dow was around 11,000. Try to stay focused here Dave.

@GaffaUK: Stock markets are predictors of FUTURE economic conditions.

Don’t you know that?

And then, while he was still a viable candidate the Dow dropped below 9,000. So that on the eve of the election, whether McCain was elected or not, it was already too late for the Dow to still be 11,000. That train had left the station a while back.

If hypothetically McCain was elected the day he made the statement, he may have been able to keep the Dow at 11,000. But in fact at the time he made the statement, the election was months away.

Time isn’t flexible either.

@Dave Noble: I don’t know whether you are being obtuse or you just cannot help yourself.

The FACT here is that when McCain made his statement about the soundness of fundamentals the Dow was around 11,000.

Your usual attempt to twist and spin is just another big waste of time.

If you can’t come up with any meaningful or useful contribution to make to this discussion why bother commenting at all?

Gaffa#11: Sorry, wrong on both counts. It’s door number three…. the amount of toxic real estate assets had flooded the banking system by then. And real estate does make the economic world go round.

And Mike is correct… stocks are an LEI. However the markets – now flooded with average Joe’s holding stocks as well – do respond to how they think government policy will affect their future. So the Federal Reserve, Congress and the POTUS can have an effect.

@Mike

Stock markets are predictors of FUTURE economic conditions.

I’m sure it’s more complicated than that. For instance when company results come out which show the last quarters profits or debt then that has a hit on the shares. So the market is impacted by PAST info and FUTURE predictions and CURRENT events.

@Mike

The FACT here is that when McCain made his statement about the soundness of fundamentals the Dow was around 11,000.

Last time I looked it was business – not politics – which governed the ebbs and flows of the stockmarket. If the latter was true should we not be praising Obama for the 20% turnaround in the indices for March? Of course not, economic conditions got a surprising lift which help propelled the markets high. As you rightly state, markets are predictors of future economic conditions – not future political conditions. So as to defend a McCain election as a de facto good for the market is simply absurd.

Your attitude reflects your ignorance

DJF
http://www.blog.fallondpicks.com

@Declan Fallon: What Twaddle.