How Obama views the Stock Market

Only the uneducated thinks thats demand for raw materials and oil from China etc and tensions in the middle east have nothing to do with high gas and commodity prices

 

Obama has been cheer leading the Fed's easy money so there is some culpability.

 

We must give credit to Bush for the rise in the stock market. If it wasn't for a 3 billion dollar unfunded Iraq war, tax breaks for the rich, and the complete lack of regulation of the financial industry (just the way the pubs like it) we would have never had the collapse. Without the collapse we wouldn't have had such a good recovery.

 

Iraq was much more then 3 billion .Thanks republicans




http://articles.marketwatch.com/201...nd-afghanistan-veterans-budgetary-assessments



Iraq war ends with a $4 trillion IOU

Veterans’ health care costs to rise sharply over the next 40 years

December 15, 2011|Christopher Hinton, MarketWatch




WASHINGTON (MarketWatch) — The nine-year-old Iraq war came to an official end on Thursday, but paying for it will continue for decades until U.S. taxpayers have shelled out an estimated $4 trillion.

Over a 50-year period, that comes to $80 billion annually.

Although that only represents about 1% of nation’s gross domestic product, it’s more than half of the national budget deficit. It’s also roughly equal to what the U.S. spends on the Department of Justice, Homeland Security and the Environmental Protection Agency combined each year.

Near the start of the war, the U.S. Defense Department estimated it would cost $50 billion to $80 billion. White House economic adviser Lawrence Lindsey was dismissed in 2002 after suggesting the price of invading and occupying Iraq could reach $200 billion.

“The direct costs for the war were about $800 billion, but the indirect costs, the costs you can’t easily see, that payoff will outlast you and me,” said Lawrence Korb, a senior fellow at American Progress, a Washington, D.C. think tank, and a former assistant secretary of defense under Ronald Reagan.

Those costs include interest payments on the billions borrowed to fund the war; the cost of maintaining military bases in Kuwait, Qatar and Bahrain to defend Iraq or reoccupy the country if the Baghdad government unravels; and the expense of using private security contractors to protect U.S. property in the country and to train Iraqi forces.

Caring for veterans, more than 2 million of them, could alone reach $1 trillion, according to Paul Rieckhoff, executive director of the Iraq and Afghanistan Veterans of America, in Congressional testimony in July.

Other experts said that was too conservative and anticipate twice that amount. The advance in medical technology has helped more soldiers survive battlefield injuries, but followup care can often last a lifetime and be costly.

More than 32,000 soldiers were wounded in Iraq, according to the U.S. Department of Defense. Add in Afghanistan and that number jumps to 47,000.

Altogether, the wars in Iraq and Afghanistan could cost the U.S. between $4 trillion and $6 trillion, more than half of which would be due to the fighting in Iraq, said Neta Crawford, a political science professor at Brown University.

Her numbers, which are backed by similar studies at Columbia and Harvard universities, estimate the U.S. has already spent $2 trillion on the wars after including debt interest and the higher cost of veterans’ disabilities.

 

bush spent too much too.

 

So does my wife!

 

Exactly. Let's not forget it was Bush who appointed Bubble Ben in the first place. Mr. Hope and Change put him back in.