http://finance.yahoo.com/news/US-co...96.html?sec=topStories&pos=main&asset=&ccode= what a difference a competent president makes !
Highest consumer mood in 8 months? That's like winning the tallest dwarf contest. You are stupid if you think the President has anything to do with this.
Because thats the reason. Obama may help restore confidence, but it isn't because of competence. People are desperate and look for a leader, and that helps create confidence. Tie in the DOW stabalizing, and a majority of economist predicting an end to to the recession later this year, and you've got a recipe for increased confidence. Just because Yahoo reports its because of the stimulus plan, that doesn't make it true. I've seen them change reports constantly on the finance page giving credit to something rebounding the market, then blaming it later in the day for losses.
The average consumer who has stopped spending probably doesn't pay attention to this stuff, that's not to say its because of Obama either.
I'm assuming they hear it on the news, not so much that they are regularly checking finance pages. I actually don't watch the news, I just assume that they do report on it, though they may not on the local channels the average consumer watches. And like I said, people believe in Obama, which overall is good for America in the short-term.
I wonder how Mimimum wage hikes will affect the market when there is already significant unemployment. Also I wonder how it will affect in a deflationary condition in which prices of virtually ALL goods and services are falling. So now homes, autos, school and life is getting cheaper and jobs are tight. So we raise the minimum wage?? Deflation is already increasing the purchasing power of the minimum wage. This will cause additional unemployment in the future and its a bad move.
He mentioned it because of another thread saying the minimum wage hike created a mini-stimulus. The minimum wage hike was passed in 2007, before the ecomony started tanking. It raised minimum wage 70 cents for 2007, 2008, & 2009. It will become $7.25 July 24th.
Not surprised. Still want to see what Obama can do to continue to turn it around. This is just the "he ain't GW" part of the turn around. Hopefully his decisions keep it going. Hopefully the Home Theater Industry starts to rebound so I can get back in the saddle.
The VIX is actually the highest it's been since 2003. It's more of a reaction to the recovery over the last 2 months than an indicator of things to come. I keep hearing analysts over and over again say that this likely means disappointing returns over the next couple months, as historically spikes in consumer confidence are followed by drops in the market.
and what is your analogy for the mental midget's , Dubya, declaration of "Mission Accomplished" some 5 yrs ago ? pissing away the huge surpus that he had inherited from Clinton ? signed off the spending bill for the "Bridge to Nowhere"? lending an incompetent hand driving the US economy to the brink of depression, leading to the massive bail out of the financia industry.?
So, the President can negatively impact consumer confidence (based on your comments during and immediately after the election), but cannot impact it in a positive way? BLOWHARD
Yep, a lot of confidence <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/tMsimikyXYA&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/tMsimikyXYA&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
obama makes a joke about special olympics and the republicans **** themselves in faux outrage. where's the outrage for making fun of people with speech impediments? i'm guessing we'll be waiting for that as long as we'll wait for bigtexxx' outrage over cheney/bush campainging on the taxpayers' dollar.
First of all, the bridge to nowhere earmark was removed from the spending bill, so Bush never signed it. So we've already established that you are a liar. EXPOSED Second, 9-11 had a little something to do with the Clinton surplus being erased. Now Obama, on the other hand, has put forth a budget with the biggest deficit of all time, all on his own -- as he is advancing his massively dangerous social agenda. Oopsie. Third, Bush did not take any policy measures that lead to the excessive risk taking in US banks. That was a private sector action. If anything, the Democrats had more to do with it by forcing banks to lend to sub-prime borrowers. Oopsie again. Sorry rookie, but you don't have even a shred of credibility.
