Pres. Bush says no recession...

Discussion in 'Wall St. News' started by S2007S, Apr 22, 2008.


  1. The Average McCain voter

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    #21     May 17, 2008
  2. McCain

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    #22     May 17, 2008
  3. Not many realize this.

    McCain is DUMBER than Bush II
     
    #23     May 17, 2008
  4. damn, i'm amazed he knows big words like hydrocarbons
     
    #24     May 17, 2008
  5. negative real rates...

    bullish for commodities
     
    #25     May 17, 2008
  6. CStar

    CStar

    LOL.

    Why no one qualified wants the job as U.S. President is something I've wondered about for the quite some time. The Democrats have terrible Karma for shooting themselves in the feet when it comes to the election process. I see McCain winning by default... the way that Bush pretty much did. It would really be great to have great choices and a race where it is win/win or at least where you vote for a candidate rather than try to keep the other one out.

    I've never liked Bush from the day he coined the term "The War on Terror." There is so much wrong with his thinking on that topic that I can't even go into it without publishing an entire book. I thought his start was good, with his tax plan and I still believe that although he never presents himself as polished, bright, or in-touch with America, he does have good Karma when it comes to getting things his way.

    So, if Bush states there will not be a recession while he is in office, I tend to believe he will be right. Slow growth, sure and I think a recovery to better growth will all depend on how well companies hold up through this housing adjustment. Don't forget, Wall Street showed very good earnings while the housing boom was in place but did not show remarkable gains, because everyone with two nickels to rub together was buying and or flipping houses. Initially, as the housing market peaked, money started to come back in stocks and the Dow finally broke 14,000. But the sharp decline in the housing market, which soon followed, put the bears in charge as we saw a collapse of the money lenders. I think the Fed helped all it could with the money infusion, which of course downed the dollar, but hey, so we get a bit back on trade with that and maybe even with tourism this summer. I disagree with cutting rates, by the way but again, it will allow global companies to display better than reality profit reports as they trade the Euro for the dollar. Anyway, my guess is that Bush will not suffer a recession associated with his lack-luster economic presidency but will dump his US salutary neglect economic policy into the lap of the President, John McCain. My biggest worry about Big bad John is that he will spend 4-years reading the newspaper in the white house "john." and never fix a thing. I hope he does something with his campaign to convince me otherwise because right now, I won't vote for any of these candidates. I mean Obama might be for change, but I don’t want to pay for government health care and I certainly do not want to go back to the days of a 28% capital gains tax.

    Pete
     
    #26     May 18, 2008