Raving Conservative

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Thursday, October 19, 2006

Benchmark

The DOW closed over 12,000 points today for the first time in history.

Let’s examine why this really matters, shall we?

I recall years of Democrats whining that the economy was a mess because the stock market had not broken its previous high mark under the Clinton administration, which was before the market went into decline, surprise surprise, during the Clinton administration. They blamed it all on President Bush of course. And they claimed that President Bush’s fiscal policies were a disaster and the nation needed a Democrat to run the country so we could recover fiscally.

We re-elected President Bush, giving him the time necessary to see the fruits of his fiscal labors come about while he was still serving and no one else could claim credit for his success. And he is, in fact, a fiscal success. Unemployment is low, the markets are strong, income is up, home ownership is up, and the economy is growing at a swifter pace than our population. Put simply, President Bush appears to have made all the right fiscal moves, with the support of the Republicans and almost uniform opposition from the Democrats in Congress.

Wait a minute . . . Could it be that conservatives were right and liberals were wrong, again?

WHAT A SHOCKER! (Is my sarcasm obvious enough for you?)

Put simply, we would not be where we are if the Democrats had their way. Remember that it was the Democrats who opposed every last bit of fiscal legislation that resulted in our very strong economy. Now that I have put that in your mind I want to remind who is blathering on about Iraq being a failure before we are even finished there with the war. And now I want to remind you that it was Democrats who both started, and lost the Vietnam war. It was also Democrats who refused to let the US and our allies win the Korean war, resulting in the North Korean menace we have today.

Democrats have sucked at war since World War Two ended. Democrats have sucked at economics since JFK died. And Democrats have sucked at civil rights since Bobby Kennedy died. They do not deserve to run our country and any clear thinking American who is honest with himself can see this fact to be true.

5 Comments:

  • And the Democrats still continue to call the economy a mess despite this too. When you confront them with the hard evidence it makes em pretty uncomfortable though. They basically just qoute the defisite, as if that's ever really mattered. Honestly, since when has America's economy gone done becuase of debt. It's actually the other way around. Liberals don't get it.

    By Blogger Robert M., at 9:33 AM  

  • In what universe does the Dow Jones Industrial Average have anything to do with the lot of most wage-earning Americans?

    Most working Americans who own stock own it in the form of some sort of corporate pension. (Perhaps you haven't been paying attention to what's been going on with those?)

    Increased profits coupled with stagnant wages are the path to a Third-World economy. Period. Saying things are better because stock prices are up is a red herring.

    You've got a stock bubble being financed by this massive government spending -- that's colossal debt being financed by you -- and you're all proud because some corporate executives and trust-fund babies, and the upper-middles who managed to have some money left to invest, are making a profit off of it.

    I mean, really, come on.

    By Blogger catastrophile, at 12:41 PM  

  • "In what universe does the Dow Jones Industrial Average have anything to do with the lot of most wage-earning Americans?"

    In this one, at least when there is a Democrat occupying the oval office. This one indicator has been pointed to over and over again as a sign of a strong economy in the 90's when Bill Clinton was in office.

    However, for additional proof of economic strength I offer the following:

    Home ownership is at an all time high.

    The average wage per household is up since 2000.

    Unemployment has been reduced to levels where employers are once again competing for workers and not the other way around.

    The consumer confidence index has skyrocketed since 2000.

    The bankruptcy rate has fallen dramatically since 2000.

    Of course, the media and Democrats only care about these indicators indicators when the Democrats have one of thier own they can atempt to assign credit to.

    Also, do not forget that the boom years of the 90's started before Clinton was ever elected, and gained momentum when the Republicans took over Congress that same year. And do not forget that the recession started while Clinton was still in office, AFTER he and some similarly minded individuals decided to tax the heck out the boom years.

    By Blogger Daniel Levesque, at 7:22 AM  

  • Once again, I love how "the Democrats do it" is used in place of an argument. I suppose if I were a supporter of Clinton, that might mean something to me.

    And then you cite home "ownership" numbers. Cheap money means cheap mortgages. Unfortunately, cheap mortgages mean debt. Debt is the defining characteristic of this "boom" -- heavy deficit spending boosting profits, tons of credit flying around, which has fueled the speculative real-estate market boom . . . and this is all money that we don't have.

    You can play with numbers all you want -- consumer confidence? That's an empirical economic yardstick now? -- but the fact remains that the average worker's wages buy less now than they did before. Wages have not paced production, and unemployment numbers don't account for people who have to work longer hours to support themselves, or have given up altogether.

    "The bankruptcy rate has fallen dramatically since 2000."

    Well, duh. They've made it much harder to declare bankruptcy, remember?

    Don't be too hard on the Dems, Daniel. You better hope one wins in 2008, or you'll have nobody to scapegoat when this house of cards collapses under the weight of reality.

    By Blogger catastrophile, at 10:13 AM  

  • Catastrophile,

    Actually, when people are short on money they don;t buy insurance. They use the money they might have spent on insurance on other things . . . like food, shelter, clothing, and other neccessities. Insurance, except where required by law is just a luxury that people buy to protect their assets from a potetial future event or loss.

    By Blogger Daniel Levesque, at 7:35 AM  

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