LAST EDITED ON Sep-02-13 AT 07:53PM (MST)[p]
LAST EDITED ON Sep-02-13 AT 02:56?PM (MST)
I will type slower to you can get it. The fact that the stock market is gaining is a good thing but you spend zero amount of your brain power understanding where the vast majority of wealth ends up when the stock markets rises.
I never said only Democrats do well when the stock market rises, I said that if you want to vote based on stock market gains then you are voting to giving raises to the top 1%.
Want some facts:
http://www.huffingtonpost.com/2012/04/11/income-inequality-obama-bush_n_1419008.html
So under Obama the wealthiest people have done better and the middle class have done worse than even under GWB.
We have a surging stock market, yet record numbers of people living below the poverty level, record numbers on food stamps and the lowest labor participation rates in 34 years
http://www.realclearmarkets.com/art...rticipation_rate_now_the_bad_news_100274.html
http://data.bls.gov/timeseries/LNS11300000
What will happen when the Fed ends it's $85 Billion a month bond purchase? Just the threat of the Fed not propping up the bond market sends shock waves through the world financial system.
http://www.cnbc.com/id/100989329
I want a sound economy based on real productive capacity not depending on the Fed pumping trillions of dollars into our economy.
What happens to the 70% of the average Joe's in the market with IRA's and all those retirement funds when the Fed quits buying and we have to pay real interest rates again? I bet you won't be crowing about the great wizard Obama is then, but by then there could be a Republican in so you can blame him.
It's all good as long you don't have do anything other than Republicans bad, Democrats good.
Let's hear more facts how the only thing that matters is the stock market.
Nemont