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After Previously Blaming Obama For Slumping Markets, Boehner Now Downplays Surging Dow

- Today on Wall Street, the Dow Jones Industrial Average climbed above 10,000 for the first time this year as “U.S. stocks approached their highest levels since Lehman Brothers Holdings Inc.’s bankruptcy sent the global economy into a tailspin.” In fact, the index is up 13 percent since the start of the year.

When asked about the surging markets, House Minority Leader John Boehner grumbled at the news. “[You're] certainly not talking to the American people,” if you’re placing any significance on the 10,000 mark, Boehner contended:

“The American people understand that unemployment is almost at 10 percent, they understand that they might be next so there are concerns about the economy,” Boehner said. [...]

Boehner said the stock market’s rebound is a reaction to the extreme shock from earlier this year, but it says little more than that.

“At the end of the day, the American people aren’t looking at the stock market in terms of putting food on the table,” Boehner said. “They want jobs, and they want them now.”... Read full article »
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  • +12 raves Maine Guy October 14, 2009 22:40:50 (edited)
    Maine Guy
    John Boehner is a disgrace, a typical bought and paid for corrupt Republican. Boehner is a big business lobbist whore, he's a bum.
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  • susan CHUCK -... October 15, 2009 19:23:18
    susan
    Chuck, most of the jobs didn't just leave the country, they disappeared totally because the Geithner Treasury department decided that the big international banks needed saving, so he gave them TARP money with orders that they were not to fund existing loans. Business loans that were funding projects that created and sustained jobs were simply stopped. That left tons of smaller businesses and smaller banks holding the bag: their accounts receivables were not collectible. That is the point at which the layoffs occurred.
    We are just now getting to the point where the businesses and small banks who are caught by this are undergoing foreclosures and bankruptcies. Until the economy improves to the point that banks are making a number of business and development loans again and businesses are comfortable with an increase in work that does not leave them vulnerable to these losses, they will not be hiring. At that point, we will be able to say the economy is improving.
  • lifelovefreedom October 14, 2009 23:11:14 (edited)
    lifelovefreedom
    Somebody pumped the turkey with some juice somewhere, thats all. It wouldn't surprise me if it was George Soros, the biggest mask wearing ruler in this world.

    The man is so rich and intelligent he spends money in places to keep welcome his overall acceptance and cover his covert agenda. Then empowers that agenda and the safety of his future 'world' with money at the same time. So much money, in the wrong hands is very dangerous. He also knows exactly where to strategically place himself in government and societies, always at the side of the leaders of world economies.

    Maybe its too early for martial law and riots in the cities. Although this could very well be what they will depend on to lower American population during the desecration of the American Nation.

    I guess all I can say imo, is to enjoy the thought that the Dow surge has something to do with the economic state of our nation while you can. It's not going to be there long.
  • +5 raves
    iceman October 14, 2009 23:10:53
    iceman
    If anyone thinks the worst has passed, think again when you pay $10 for bread if you can find it
  • +7 raves
    Texoma October 14, 2009 23:08:42
    Texoma
    I am sure the 6+ million people who have lost their jobs since Hobo took office are just THRILLED that it hit 10,000.

    It could hit 20,000. But without JOBS it doesn't really matter does it?
  • +1 / -1 raves
    CHUCK -... Texoma October 15, 2009 00:37:16
    CHUCK - For public option
    Excuse me they lost those jobs under Bush, not Obama! When he took over we were losing 700,000 jobs a month from Bush!
  • Texoma CHUCK -... October 15, 2009 15:44:57
    Texoma
    Incorrect. The job loses started as Hobo took the nomination and then won the Presidency. The losses were a result of the market being unsure what the democrats would do with the office and congress. Then after Hobo TOOK office and made his plans known, even MORE jobs were lost.

    And he has done NOTHING since taking it to revers the trend.
  • +2 raves
    Peace&Love October 14, 2009 23:02:14
    Peace&Love
    He's an official asshat. He knows when the stock market is good and more people are investing in businesses, allowing businesses to hire more and develop faster, creating more jobs, etc, but instead he'd rather put and screw on the asshat and speak in public with it. What a loser.
  • +5 raves
    Winghunter Peace&Love October 14, 2009 23:19:23 (edited)
    Winghunter
    HELLLO! How many businesses hired last month?? OR the month before OR the one before that!? AND how many will hire next month or the next 6 months!? People are losing their jobs at an average rate of nearly 200,000!! The only one hiring is our overbearing government spending money we don't have!

    When you don't have a clue what you're talking about, just shut your mouth so we don't see the flies buzzing around it.
  • +1 raves
    Peace&Love Winghunter October 14, 2009 23:27:52
    Peace&Love
    I don't have a clue? I'm sorry, please tell me when you was expecting businesses to begin hiring again? Don't worry, I'll wait..........
  • +1 raves
    susan Winghunter October 15, 2009 19:13:28
    susan
    Another 514,000 jobs lost last week. The stock market reacts to a very large number of things, including investments by government and foreign inputs in large businesses and international corporations. Much of the climb to 10,000 is related to the falling dollar against other currencies.
  • +11 raves
    Winghunter October 14, 2009 22:54:52 (edited)
    Winghunter
    LOL! BS! No one has EVER spent their way out of debt, you merely dig yourself deeper which is why Socialism is pre-failed...Other People's Money always runs out!

    Roubini: Stocks Have Risen 'Too Fast'
    http://articles.moneycentral....

    But, we all know why the Regressives have to snivel about the truth;

    Veteran Psychiatrist Calls Liberals Mentally Ill
    Publishes extensive study on 'Psychological Causes of Political Madness'
    http://www.worldnetdaily.com/...
  • Shark Winghunter November 08, 2009 22:48:39
    Shark
    Wow, I feel so excited.' I for the first time have been blocked.
    And by Maine Guy, whom I have never talked with.
    There should be a first time award or something for being blocked out of thin air.
    Maine Guy, thank you for including me. I felt so left out until now.
    Kisses to you.
    hahahhahaha
  • +8 raves
    dublin9 October 14, 2009 22:53:05
    dublin9
    Stock Market Dynamics: The Dow is "surging" because our dollar has been so degrated that it is enabling foreigners to purchase America on the cheap. When inflation begins to show its head, the Fed will clamp down, the dollar value will rise and money will reverse its flow. The stock market will begin to fall and we will be stuck with a stagnant economy and inflation. We should be undergoing an 8% jump which is typical for a recession coming to an end. Instead we will have a slow, partial recovery that does not produce jobs.
  • +7 raves
    hook October 14, 2009 22:42:02
    hook
    hay Barry wheres the jobs?
  • +12 raves
    Maine Guy October 14, 2009 22:40:50 (edited)
    Maine Guy
    John Boehner is a disgrace, a typical bought and paid for corrupt Republican. Boehner is a big business lobbist whore, he's a bum.
  • Mick Maine Guy October 15, 2009 00:11:53
    Mick
    So what do call our President, the Pimp!
  • Maine Guy Mick October 15, 2009 00:17:26
    Maine Guy
    A dolt like you probably would.
  • anti-li... Maine Guy October 15, 2009 00:44:35
    anti-liberal
    Pretty much sounds like your party Maine. The democraps are nothing but corrupt.
  • Maine Guy anti-li... October 15, 2009 01:03:10 (edited)
    Maine Guy
    We're fighting for affordable health care to the millions of uninsured and under insured. Were fighting to bring back jobs and give America hope again. For that, you call us "corrupt"? You clowns have no credibility.
  • +1 raves
    John Maine Guy October 15, 2009 03:32:35
    John
    Wow. You know, this made me think: I like Obama, but I wonder if he's learning just how corrupt these folks are. . . . Obama is a reasonable person who appeals to the better angels of human nature, and most of these big business types appeal to peoples' emotions and fears. And they seem to be setting the terms of our national debates.
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