Dow tops 17,000 on strong jobs report

Romney campaigned that he could get the unemployment rate to 6.0 per cent in 4 years using his 59 point economic plan. It is 6.3% now in 18 months. The Dow and S&P 500 have set all time highs.


http://finance.yahoo.com/news/dow-to...--finance.html

Nothing like a President with a steady hand restoring consumer and investor confidence.


Kudos to President Obama:

* Dow tops 17,000 for first time; S&P 500 near 2,000

* Nasdaq closes at highest since 2000

* U.S. June jobs report well above forecasts

* PetSmart rallies as hedge fund seek sale

* Dow up 0.5 pct; S&P 500 up 0.6 pct; Nasdaq up 0.6 pct (Updates to close)

Report

So how do you explain this?


NEWS UPDATE:


...a plurality of American voters now wish Romney had won the presidency, according to a new poll from Quinnipiac. Forty-five percent of voters said America would have been better off with a Romney win in the 2012 election, while 38 percent said the US would be worse off... "Would Mitt have been a better fit?" Quinnipiac Assistant Director Tim Malloy said. "More voters in hindsight say ‘yes.’ "

So how do you explain this?


NEWS UPDATE:


...a plurality of American voters now wish Romney had won the presidency, according to a new poll from Quinnipiac. Forty-five percent of voters said America would have been better off with a Romney win in the 2012 election, while 38 percent said the US would be worse off... "Would Mitt have been a better fit?" Quinnipiac Assistant Director Tim Malloy said. "More voters in hindsight say ‘yes.’ " Originally Posted by lustylad

Quinnipiac Propaganda Poll. It's nothing but a poll Lazy Lad. Who cares Obama is moving the country forward. You guys are living in the 50's wake out of your stupor and join us in the 21st century

and why are you focused on a biased poll (of Fox news watchers) when we've just received this good news pertaining to our economy. Join with me in being patriotic and happy for our country. lol

The stock market is propped up by unprecedented repurchases.

The next bubble to burst?

http://www.washingtonpost.com/busine...778_story.html

17K based on

Uber low interest rates, forcing savers into equities to get any significant return
Cost saving bottom line cuts - mainly removing mid/high wage workers from payrolls
Stock buybacks fueled by said low interest rates
NOT based on top line sales growth

Notice no wage inflation. The bulk of new jobs are at the low end of the wage range.

Nothing like a President with a steady hand restoring consumer and investor confidence. Kudos to President Obama: Originally Posted by Zanzibar789

If you are going to credit Obama for an equity price bubble, you also have to credit him for setting interest rates (Fed dictated) at basement level, screwing hard working, frugal savers. Also strangling public pension plans. Congratulations.

Of course this news is fucking disastrous! Fucking Obama had NOTHING to do with a recovering economy. Besides, they're just lying to us again, aren't they? another hoax, like climate change, increasing gun violence, separation of church and state and nobody signing up for health insurance

BUT BUT BUT BUT BUT!


Maybe we need a special forum for good news. You anti-american morons don't have to post there. You can keep jerking off in the "Whine Cellar."

What we need is people that understand that correlation is not the same as causation.

Much of the Romney factor is the "grass is greener" factor. No one--to include Romney--knows how things would be in that What-If universe.

Much of the Romney factor is the "grass is greener" factor. No one--to include Romney--knows how things would be in that What-If universe. Originally Posted by Old-T

Fact is, Romney could not win an election with 45% of the vote.

I don't understand the jubilation among the Fox faithful.

Not as bright as you Obamazombies think.

* The number of people aged 16 years and above who are not in the labor force increased by 111,000 this past month. While a somewhat lower increase than in months past, it still outpaces forecasted retirements.

* The number of people taking part-time jobs because they cannot find full-time work increased by 275,000 this past month.

* In fact, the number of people employed full-time (according to the household survey that also counts self-employed) declined by 523,000 while the number of part-time workers increased by 799,000 (which includes those who wanted part-time and those who wanted full-time but could only find part-time). These estimates are seasonally adjusted to account for the normal increase in June part-time work.

* The U-6 unemployment rate (the broadest measure of unemployment) remains virtually unchanged at 12.1 percent. U-6 includes those people who are discouraged, only occasionally trying to find work, and those employed part-time for economic reasons.


* Incomes remain flat. Economic growth continues to be anemic, and as long as that is the case, neither jobs nor incomes will rebound to satisfactory levels.

Not as bright as you Obamazombies think.

* The number of people aged 16 years and above who are not in the labor force increased by 111,000 this past month. While a somewhat lower increase than in months past, it still outpaces forecasted retirements.

* The number of people taking part-time jobs because they cannot find full-time work increased by 275,000 this past month.

* In fact, the number of people employed full-time (according to the household survey that also counts self-employed) declined by 523,000 while the number of part-time workers increased by 799,000 (which includes those who wanted part-time and those who wanted full-time but could only find part-time). These estimates are seasonally adjusted to account for the normal increase in June part-time work.

* The U-6 unemployment rate (the broadest measure of unemployment) remains virtually unchanged at 12.1 percent. U-6 includes those people who are discouraged, only occasionally trying to find work, and those employed part-time for economic reasons.


* Incomes remain flat. Economic growth continues to be anemic, and as long as that is the case, neither jobs nor incomes will rebound to satisfactory levels. Originally Posted by Whirlaway

So how does it feel going to bed every night and waking up every morning actively cheering for your country to fail? When did you start this behavior? What did it coincide with?

Fact is, Romney could not win an election with 45% of the vote.

I don't understand the jubilation among the Fox faithful. Originally Posted by Yssup Rider

That's because you're too much of an idiot to understand how to interpret polls, assup... Here is an equally stupid conclusion you could have drawn from the Quinnipiac poll:

"Fact is, Obama could not win an election with 38% of the vote."

Is that better, dipshit?

.