Tag: stock market

Cause and Effect? Dow Drops 280 Points 24 Hours after House GOP Votes Against Raising Debt Ceiling

Jon Ponder

Imagine the firestorm that would be raging on Republican propaganda outlets right now if the stock market had dropped 2.2 percent within 24 hours after Democrats had voted unanimously not to raise the nation’s debt ceiling.

The entire right-wing noise machine — from Fox & Friends to Limbaugh, from Hannity to O’Reilly — would be singing the same refrain: The stock market has sent a clear message of disapproval over the Democrats’ irresponsible vote. Whether that assertion was true would not matter. They would make it true simply by unanimously agreeing that it was.

But because it was Republicans who voted irresponsibly, right-wing media sees no relationship between the vote and market drop.

And, of course, neither does the “liberal” lamestream corporate inside-the-Beltway media.

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Sorry, Haters – Stock Market Surging Under ‘Socialist’ Obama, Recovering from Decline under ‘Free Market’ Bush

Jon Ponder

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According to Rachel Maddow in the clip above — and according to the chart from Jed Lewison at DailyKos below — the stock market certainly is doing well under the socialist jackboot of Pres. Obama’s anti-capitalist policies.

Corporate profits grew 36.8 percent in 2010, the biggest gain since 1950.

As Maddow said, referring to the chart on her MSNBC show last week, if you focus on the line going up after the inauguration of Pres. Obama, “Regardless of how you personally are doing, this part of our nation is living large. Despite what you hear about the economy at home, the stock market is in tall cotton.”

Maddow pointed to this article from McClatchy to explain why middle-class families and small businesses find themselves relegated to the short cotton while mega-corporations and the stock marketeers are availing themselves of the tall rows:

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