WOW....look at the DOW

[spence]

Originally Posted by Jim in CT

Yes Spence. Scott posts objective, irrefutable facts, and your response, in true liberal fashion, is to accuse him of anti-Obama bias.

He didn't post facts, he posted people's one sided opinions. An objective post would have assessed multiple viewpoints.

Spence, what, precisely, about the economy is sound? Our debt is almost $17 trillion (with that pesky $100 trillion entitlement shortfall hanging over our heads like a chainsaw of Damacles), unemployment is still way up, wages are still way down, healthcare costs are through the roof, housing prices are way down, the GDP shrank last quarter.

Have you noticed that every time you mention entitlement spending you add another 10 trillion to the number?

GPD was down because of reduced military spending...in the same quarter private spending was up, business investment was up, home construction was up and inventories are down.

I guess if you want to take a pessimistic viewpoint and argue that everything is terrible that's all you're ever going to see. What's important is the trend and the trends on most economic measures are positive.

Spence, are you aware of any situations when all those things occurred under a conservative President, and people were not complaining?

According to Detbuch we haven't had a conservative president since Coolidge, so I'm afraid I couldn't really say...

The one thing that's up is the stock market. And I'd guess that irks Obama, because according to him, all that does is help the rich fat cats who already aren't paying their fair share.

A big reason the market is up is because the Street is gaining confidence in the broader economic picture.

I'd think Obama must love it, better economy with more people working and more people paying taxes to help us get this deficit down.

-spence