It's a house of cards.
Originally Posted by joe bloe
Unfortunately true.
The stock market hasn't done anything except get back to where it was before the crash. So we have tread water for 4 years. I am NOT saying that is Obama's fault. It is better than having stocks still in toilet.
But it wasn't Obama or Congress that got the Dow Jones back up to a 4 year high.
The companies themselves got their stock prices back up by cutting their costs - a/k/a laying off workers and cutting salaries until they became profitable again.
We got rid of a lot of excess capacity. Companies are leaner.
But now we have a lot of unemployed workers and slow growth.