The random political thoughts thread (Part Deux)

[Ghoulish Delight]

That's why [Obama's] indifferent to the plummeting Dow.

Hey Sleepy, the Dow's up 300 points today. Does that mean you now have to declare Obama a resounding success as a President?

The Dow is b.s. I've watched my company's stock fall 10% on a day where we announced record profits and guidance for even higher profits the next quarter. So forgive me if I don't consider the sum of a bunch of stock prices the be all and end all of financial doom. It's a mediocre indicator of economic health at best, and an absolutely irrelevant indicator over 60 days of a President's performance.

You might, by the way, want to take a look at what the dow did the first two months after Reagan's inauguration. Or the first two months after WWII ended (what a horrible decision THAT turned out to be, geez).

[sleepyjeff]

Originally Posted by Ghoulish Delight

Hey Sleepy, the Dow's up 300 points today. Does that mean you now have to declare Obama a resounding success as a President?

The Dow is b.s. I've watched my company's stock fall 10% on a day where we announced record profits and guidance for even higher profits the next quarter. So forgive me if I don't consider the sum of a bunch of stock prices the be all and end all of financial doom. It's a mediocre indicator of economic health at best, and an absolutely irrelevant indicator over 60 days of a President's performance.

You might, by the way, want to take a look at what the dow did the first two months after Reagan's inauguration. Or the first two months after WWII ended (what a horrible decision THAT turned out to be, geez).

Fair enough.