apparently, literally- and it's not hard to see why. http://corner.nationalreview.com/post/?q=OWFkM2FmOGIzYTdmZTlkNTViNWRmNjkyMjhhYTkyNzM= [rquoter]On a day when the GDP report came in strong, and the Federal Reserve backed off a bit from its inflation worries to proclaim a balanced economy with growth and contained prices, President George W. Bush became only the 2nd sitting American president to visit the floor of the New York Stock Exchange. As he moved from trading post to trading post, all the floor brokers and their assistants stopped work and started cheering and applauding. And I mean loud applause and huge cheers. This is a guy the mainstream media just loves to kick around. This is a guy still battling it out over Iraqi freedom, but subject to sinking polls. But this is a guy with more character and more faith than almost anyone else in public life. The last time he was in downtown New York was just after September 11th, when everything was devastated, including the NYSE. Now, more than five years later, Mr. Bush went back to downtown New York with a record-breaking stock market and a strong economic recovery. That’s why there was loud cheering and strong applause.[/rquoter] and before the obligatory "random right-wingnut blog posting" dismissal, my i go on record as saying, Larry Kudlow writes well.
It's telling that the people closest to the markets and most knowledgeable about finance LOVE President Bush. Kinda makes the liberals' economic and financial criticisms of him ring hollow... Telling...
But this is a guy with more character and more faith than almost anyone else in public life. LMAO. Shouldn't that read "a guy with more more character flaws and faith in himself than almost anyone else in public life."
A round of applause at the NYSE is pretty common. In fact, they do it almost every Friday at 3:30 and other days/times just b/c some brokerage feels like it and everybody else joins along. Sports teams usually get a round of applause. The number goofy things that happens on the floor is actually pretty surprising. Additionally, the people who actually work on the floor of the NYSE are not nearly as "in the know" w/r/t the macro-economics of the world as their clients are, despite what Kudlow says. Basically, they only have to know what's driving intra-day trading volumes and trends. That doesn't require a deep grasp of monetary or fiscal policy, just a quick mind. Not to mention that floor brokers are nearly all white males, which has always been demographic that has favored Bush.
And why not? He's been cutting their taxes during a freakin' WAR, so they're all making even more money than common sense would allow for. Of course they "love" him. He's been one of the most fiscally irresponsible Presidents of modern times. Doesn't matter. They love their bank accounts. D&D. There isn't a Fiscal Conservative in the White House.
... and US Government tax receipts are rising at a pretty nice pace. Might help to learn a little bit before you make the type of erroneous argument above... Learn the facts, don't spew ignorance. D&D. Don't let Deckard lie about economics.
Whether tax receipts are increasing or not doesn't change the fact that he is irresponsible fiscally. If someone was spending a $10 but only making $1 that is irresponsible. If they end up making $3 but spend $15 it doesn't matter that the money coming in increased. Address the issue, before you spew your lack of comprehension onto the page.
Did you listen to the State of the Union? We saw decifict reduction in the last measured quarter and are expecting much more in the future. Leading our nation out of the post-911 economic doldrums, in connection with other harmful financial events, such as corporate malfeasance, Katrina/Rita, oil price surge, and wars is no small feat. President Bush has presided over this effort and has succeeded. Of course we were going to have a deficit after all that. Bush's accomodative financial policies have led us out of the problems and have us pointed in the right direction. The Dow Jones achieved an all time high the other day. Unemployment is very low. Inflation is tame. Interest rates are low. Face facts libs, the economy is booming. Give credit where credit is due. And learn the facts.
I was seriously wondering why even though our economy is doing well that the dollar sucks so bad every where? Does it have to do with all of our debt? Since T_J won't answer my question, will someone else take a stab at it?
