Posted on 09/27/2006 1:08:41 PM PDT by Recovering_Democrat
So I mentioned to a friend today how nice it was to see the Dow surging, possibly breaking a record high soon. My liberal friend said, "Oh, the Dow has nothing to do with the economy. They are completely opposite."
BWA HA HA HA HA HA HA!
I just kind of chuckled and said, "Whatever!"
S/he insisted on saying, "No really, it doesn't. They're just basically different." I refused to take the bait and get in an argument.
I thought it was funny, but kind of sad: this person has deluded themselves into thinking this surge in the stock market is NOT related to the economy...
But if the Dow had dropped to 5,000, he'd be screaming that it is proof Bush has ruined the economy.
You should take the occasion to educate her on the relationship of stock prices to earnings :)
Short correction; they didn't claim the DOW and the economy were OPPOSITE, but did claim they weren't RELATED.
Step 1: Find smarter friends.
:)
The libs giveth and the libs taketh away!
Maybe you need some new friends.
It's all relative to who is the President to some people.
LOL. Looks like it would have been an easy one to win.
You can bet the same Lib friend considered the record highs of the Dow Jones Industrial Avenue indicative of a strong economy when Bill Clinton was President.
I stopped hanging out with stupid people. They make me too vein popping angry.
On the other hand, it had everything to do with the economy when Clinton was President.
Actually, Rove's weather machine has the "Stock Market Manipulation" option on it. Haliburton started making this option on their weather machines in 2000 after customer surveys indicated the desire for such a feature.
Just tell her she is completely right about them being inversely related, and it Bush is to blame for the terrible economy and the really high DOW and resurgence of new home starts. Then share the joke with people you both know.
I had a lib tell me the dow is not good today because it has not been adjusted for inflation. I love the excuses, He said it should be at 17,000 when adjusted.
thank GOD you didn't get into a debate about lower gas prices.
So what does??? High growth? Low-unemployment? Low interest rates? By any reasonable standard things are good.
You have now discovered one of the basic truths of the world:
LIBERALS DON'T UNDERSTAND ECONOMICS.
It's also why they think ideas like communism, welfare, socialism, highest taxes on the most productive, and Hillarycare are nifty.
It would have been easy to point to the Stock Market crash and subsequent DEPRESSION. Seems pretty easy to relate to that.
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