Posted on 07/11/2009 10:50:35 AM PDT by RichieRich1
Now that 6 months have passed since Obama's "stimulus plan" has passed, I thought it useful to examine the stock market reaction to Obama's plan and compare it to the reaction of President Bush's 2003 stimulus plan.
Bush's plan passed in April 2003 while Obama's passed in February 2009. I chose the S&P 500 Index starting point one month prior to passage because the market typically discounts the information beforehand as the bills work their way through Congress. I chose 6 months-post passage as the ending point because that's all the data we have for Obama's plan so far.
Bush: From March 2003 to October 2003, the S&P 500 went from 835 to 1034 or +23.8%.
Obama: From January 2009 through July 2009, the S&P went from 932 to 879 or -5.2%...
(Excerpt) Read more at bizblogger.blogspot.com ...
Don’t you think it would be more relevant to compare the TARP bill to Obama’s spending bill?
Same BS, similar economic times. 2003 might as well be 100 years ago, seems to me anyway. We were in the middle of a bubble then.
Bush and Obama, AND their Stimulus Packages should be Lined up and given several GOOD SWIFT KICKS!!!
Bush wanted America to succeed, Premier Hussain doesn’t.
Pray for America
So far, federal revenue month to month has been decreasing under Obama.
Treasury Statements
http://fms.treas.gov/mts/backissues.html
But again- that’s when we were under a false bubble. It was all BS earnings anyway, of course taxes were nominally higher. We were making more, and pushing the underlying problems forward to today- where we STILL aren’t dealing with them.
Nonsense. The total economy wasn't being driven by the addition of subprime loans.
Taxes were “nominally higher?” Do you even know what the 2003 tax cuts entailed? Hint: THE ENTIRE FEDERAL INCOME TAX RATES WERE REDUCED.
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