Has Obama's economic policy finally shifted our economy into high gear?

[telcoman]

Could be with the Dow up 380 points today?

http://www.nytimes.com/

http://www.nytimes.com/2009/03...=1&hp

Telcoman

[Cold_Zero]

NASDAQ +90 points S&P 500 +43 pointsDAX +195 pointsCAC +144 pointsFTSE +173 points

Sounds like Vikram Pandit may have shifted the markets into high gear. But the economy as a whole? Can not be measured by a one day spike in the markets.

When my company's stock hits $40/share, I will consider the economy to be in high gear.

[dusred]

Do you know how to tell when the economy is plummeting? When Obama's mouth is moving.

Has his mouth been shut today?

[telcoman]

NASDAQ +90 points S&P 500 +43 pointsDAX +195 pointsCAC +144 pointsFTSE +173 points

Sounds like Vikram Pandit may have shifted the markets into high gear. But the economy as a whole? Can not be measured by a one day spike in the markets.

When my company's stock hits $40/share, I will consider the economy to be in high gear.

Gold and all gold related stocks were sharply down today

[smockers83]

No, the economy is not in high gear.

Previously, the market has had its high swings and lows, sometimes both in one day with variance of up to 1000 points.

The stock market is very volatile still and has been oversold due to uncertainty in Washington, D.C. With some certainty showing in the economy, the stock market will have some high upswings in the near future, but these will become tamer as time goes on and the economy as a whole begins to recover.

This is not the doing of the Obama administration's economic policy.

[telcoman]

Do you know how to tell when the economy is plummeting? When Obama's mouth is moving.

Has his mouth been shut today?

He is very busy working and straightening out the mess from GWB

Well O'Reilly opened his mouth last night bad mouthing one of my favorite web sites.Whenever O'Reilly complains about the NY Times, DailyKos, MSNBC it is time to turn him off and check out all his complaints.

http://www.dailykos.com/storyo...06168

Obama with assistance from many others is finally going to fix the healthcare system.

The employer based system just does not work.

Telcoman

[smockers83]

It has been noted that every time Obama speaks about the economy, the stock market dives.

Obama's plan for health care is not going to fix the problem with health care. All his plan does is just change the way people get paid, it doesn't fundamentally change it. As a government throws money at a health care system, or any industry for that matter, it deteriorates. This has been seen in every country that has instituted a public health system.

The problem with health care is the demand for it is more than what can be supplied. Fix that and we fix a lot of things with health care. This will bring costs down, which is the main barrier to the market for most people. It's not because the system is necessarily inefficient (every system, market, and business is inefficient) that makes it expensive, just the supply of care is outweighed by the demand.

Somehow the government needs to figure out how to increase the doctors and nurses in this country. They have to open up more slots in med schools, get more doctors attracted to teaching instead of practicing (income issue for them), allow foreigners easier access to the health care job market, etc. This is the issue at the core of the health system, in my belief, and once that issue is taken care of, costs can come down significantly, allowing more people access.

The main reason the employer-based system exists is to leverage the buying power of businesses in order to bring down costs to its employees. One can still go out and buy health insurance on their own. The question is, can they afford it, which brings us back to the core issue.

[dusred]

He is very busy working and straightening out the mess from GWB

Telcoman

Are you a broken record? Seriously.

[HashiriyaS14]

Sounds like Vikram Pandit may have shifted the markets into high gear. But the economy as a whole?

^^What he said.

Just as the conservatives cannot viably claim that Obama's decisions have either not worked or deepened the recession (due to the short span of time that has passed), liberals cannot credibly claim that Obama has somehow "worked magic" that caused Citigroup to post a good quarter.

Hell, he wasn't even in office for the first 20 days of the quarter, lol.

I think he's doing a good job, and I think events will play out in such a way so as to make his good work apparent, but NOT YET.

[Urabus GodofTraction]

http://www.dailykos.com/storyo...06168

Obama with assistance from many others is finally going to fix the healthcare system.

The employer based system just does not work.

Telcoman

Hell yeah daily kos!

Oh wait. Quack website, quack theories. The idiot the wrote that article needs to get his dumb a** a Health Savings Account.

I think he's doing a good job, and I think events will play out in such a way so as to make his good work apparent, but NOT YET.

When he was first elected, I wanted him to succeed, just for the good of America.

Now, if America has to suffer to learn it's lesson, so be it. Our economic freedom is under attack, and when it falls, our other freedoms are next. Failure of this administrations ideals is essential.

[ishkabibble]

Could be with the Dow up 380 points today?

No, it will drop as much and more before too long.

[liquid_cool]

Obama with assistance from many others is finally going to fix the healthcare system.

The employer based system just does not work.

Telcoman

the issue with cost over runs in the health care industry as a whole is the government over regulating the industry and telling inshurance companys and hospitals what to and who to and how much..in reality..we all ready have government run healthcare...when we get government hands out of the system and add Competition to insurance companys by removing mandates and regulations..then we will see a price war to compeate for your business..every time the government touches something..they break it...medicare..SSI..car insurance...Gasoline..ect..the list is huge..ohh..bank loans..lol..housing..ohh they were the tops there hu..and you trust them to "FIX" somthing as large as helthcare...lol..this is laughable

[themadscientist]

I find it interesting when people say. "don't rush to judge, he has only been in office*insert days*" when he is being criticized. The slightest potenial good news and they rush to praise "the one". Both sides of the coin look rediculous and transparent to me.

Anything Barry does today will not bear fruit until months down the road at the earliest, the economy doesn't flip like a Ford Explorer.

I expect Obamalamadingdong to fail miserably but I hope I am wrong. I don't think I will rush to judge or praise him any time soon.

[liquid_cool]

I expect Obamalamadingdong to fail miserably but I hope I am wrong. I don't think I will rush to judge or praise him any time soon.

i spit all over my screen when i read the obamalamadingdong!..omg thats funny.

[themadscientist]

I wish I could claim it, I think Greg came up with that one.

[smockers83]

the issue with cost over runs in the health care industry as a whole is the government over regulating the industry and telling inshurance companys and hospitals what to and who to and how much..in reality..we all ready have government run healthcare...when we get government hands out of the system and add Competition to insurance companys by removing mandates and regulations..then we will see a price war to compeate for your business..every time the government touches something..they break it...medicare..SSI..car insurance...Gasoline..ect..the list is huge..ohh..bank loans..lol..housing..ohh they were the tops there hu..and you trust them to "FIX" somthing as large as helthcare...lol..this is laughable

Not necessarily. The problem with health insurance today is that it is used to pay everything in regards to health care. This is a car forum, so let me ask you guys this:

Do you guys use your car insurance to get oil changes and other regular services?

Your answer should be no. Why should health insurance be any different? Insurance is to be used to protect from catastrophic losses. So in other words, that long hospital stay or the $20,000 surgery, not for a checkup.

The other thing with the health care system and the people's attitude about it, is that it doesn't do enough preventative stuff. We change our car's fluids as preventative maintenance to prolong the life of our vehicles. Why don't we take the same attitude towards our own health because much of the major health issues people have could have been prevented some odd number of years ago.

Also, HSAs could and should be the next best thing in health care starting with my generation (those of us that are in or around our 20s) and healthy people in their 30s and 40s. These are starting to become a popular alternative to traditional insurance and reduce the cost of health insurance dramatically, making it more affordable. Ironically for many people, these were the makings of our previous president.

[marlin29311]

Could be with the Dow up 380 points today?

http://www.nytimes.com/

http://www.nytimes.com/2009/03...=1&hp

Telcoman

Do you realize the DOW is at the lowest point in 2 decades?

[Urabus GodofTraction]

Also, HSAs could and should be the next best thing in health care starting with my generation (those of us that are in or around our 20s) and healthy people in their 30s and 40s. These are starting to become a popular alternative to traditional insurance and reduce the cost of health insurance dramatically, making it more affordable. Ironically for many people, these were the makings of our previous president.

BAM!

Never heard the car insurance bit before. Good way of going about explaining it.

[marlin29311]

Your answer should be no. Why should health insurance be any different? Insurance is to be used to protect from catastrophic losses. So in other words, that long hospital stay or the $20,000 surgery, not for a checkup.

The other thing with the health care system and the people's attitude about it, is that it doesn't do enough preventative stuff. We change our car's fluids as preventative maintenance to prolong the life of our vehicles. Why don't we take the same attitude towards our own health because much of the major health issues people have could have been prevented some odd number of years ago.

You do realize that the vast majority of people don't do the preventative maintenance on their cars right? Some people just don't get it and want the "system" to take care of them so they can be lazy...

I do agree with you about insurance though.

Insurance - coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract. (per the IIA).

Going to the doctor for a quick checkup is preventative and should be covered by you - losing an arm or becoming ill is another story that can be indemified against.

In the grand scheme of things, I dont think it would be that bad to pay $75 a year (the cost of a checkup without insurance in my area) once a year for a checkup is all that bad, and by doing that, it would free up some of the money required in the system, thereby lowering premiums, or possibly lowering deductibles and whatnot on larger losses, such as surgieres or life threatening illnesses.

[smockers83]

You do realize that the vast majority of people don't do the preventative maintenance on their cars right? Some people just don't get it and want the "system" to take care of them so they can be lazy...

Everyone that I know, whether I think they take care of their cars or not, replace their tires and brakes when they need to and also get oil changes (except for maybe one but he's an retard in his own right).

Those would be the core ones in order to prevent a(n) accident/property damage/vehicular homicide/engine failure. Are there other, more extensive ones, sure. But our attitudes towards preventative health care need to start somewhere, so start with the core ones such as high cholesterol, high blood pressure, and high weight.

[HashiriyaS14]

I find it interesting when people say. "don't rush to judge, he has only been in office*insert days*" when he is being criticized. The slightest potenial good news and they rush to praise "the one". Both sides of the coin look rediculous and transparent to me.

Yep.

He can't really be blamed for anything happening in the markets yet, nor can he really be credited.

Give him at least two full quarters (i.e. end of Q3 2009). Then we'll see.

[audtatious]

I wish I could claim it, I think Greg came up with that one.

He came up with Obamallama, I came up with Obamalamadingdong

[audtatious]

Yep.

He can't really be blamed for anything happening in the markets yet, nor can he really be credited.

Give him at least two full quarters (i.e. end of Q3 2009). Then we'll see.

I agree. We still don't know what the overall impact is of the stupid Bush/Pelosi stimulus package yet.

I just like to bring up the "all will be perfect after Obama is elected" viewpoint at times....I can't help myself

[szh]

I find it interesting when people say. "don't rush to judge, he has only been in office*insert days*" when he is being criticized. The slightest potenial good news and they rush to praise "the one". Both sides of the coin look rediculous and transparent to me.

A very good observation. Probably attributable to human nature.

Or to the overdone "gotta do the esteem building" stuff we all now are expected to do for our kids today. . Our child ... err ... President needs the same meaningless kudos, I suppose.

Z

[themadscientist]

I still think as his administration goes on those like myself will be the only ones to treat him fairly. Hard lefties are going to undercut him if he even twitches the wheel towards the center and hard righties will treat him like the lefties treated Bush, harp on bad things, conveniently miss good things.

Obama does not represent what I want but this is not about what I want, it is about the country. If he gets results that help the country I will give him his due credit, if not, well, I will again give him credit.

Being president is a lonely job. It's easy to be partisan in a legislature populated with groups of similar-thinking people. As president, you da man and you really can't lean on anybody. Everybody wants something from you, the congress will take credit for everything that goes right and they will blame you for whatever goes wrong.

[audtatious]

The dow went up because "he who knows best" deemed it to happen.

[telcoman]

Do you realize the DOW is at the lowest point in 2 decades?

What an opportunity for young people to invest.

Buy low, sell high

[szh]

What an opportunity for young people to invest.

Assuming that they have any money.

Buy low, sell high

Trite.

And, the market has not seen the bottom yet, IMHO.

Z

[smockers83]

The DJIA is basically irrelevant at this point as it is not representative of the biggest 30 companies nor are the weights correct for the companies that are still in it (none of them have been delisted).

Stick with the S&P 500. It's a much better indicator as it is much more broad.

The other day the Dow was up double or triple digits, I don't really remember how much, while the other indicies were down double digits. This is because the Dow is out of kilter.