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	<title>Comments on: Who&#8217;s To Blame For The Ailing Stock Market?</title>
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	<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/</link>
	<description>Like Kryptonite To Stupid</description>
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		<title>By: freD</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140364</link>
		<dc:creator>freD</dc:creator>
		<pubDate>Thu, 05 Mar 2009 21:31:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140364</guid>
		<description>CNN had it&#039;s top 10 Culprits, and Factcheck.org has a pretty good list of reasons.  

I see both lists as containing blind ideologists, sociopaths or enablers of the sociopathic in nature - as in full of &#039;those who live for the moment without any fear of consequence or retribution&#039;.

I know that SaveFarris isn&#039;t taking the day off, but really busy right now working on research that&#039;s gonna knock our socks off.</description>
		<content:encoded><![CDATA[<p>CNN had it&#8217;s top 10 Culprits, and Factcheck.org has a pretty good list of reasons.  </p>
<p>I see both lists as containing blind ideologists, sociopaths or enablers of the sociopathic in nature &#8211; as in full of &#8216;those who live for the moment without any fear of consequence or retribution&#8217;.</p>
<p>I know that SaveFarris isn&#8217;t taking the day off, but really busy right now working on research that&#8217;s gonna knock our socks off.</p>
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		<title>By: I'm a Hick</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140311</link>
		<dc:creator>I'm a Hick</dc:creator>
		<pubDate>Thu, 05 Mar 2009 18:30:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140311</guid>
		<description>The link&#039;s to long to fit here, but the 2/13 edition of TIME has their &#039;25 Persons to Blame.&#039;  It seems fairly even-handed.</description>
		<content:encoded><![CDATA[<p>The link&#8217;s to long to fit here, but the 2/13 edition of TIME has their &#8217;25 Persons to Blame.&#8217;  It seems fairly even-handed.</p>
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		<title>By: Anon</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140310</link>
		<dc:creator>Anon</dc:creator>
		<pubDate>Thu, 05 Mar 2009 18:24:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140310</guid>
		<description>It should be easy enough to regress year-end DJIA on the party in White House and the proportion of Senate and House controlled by Dems (or Reps) with a log as others have suggested to see what&#039;s significant and the percent of variance in DJIA they explain.</description>
		<content:encoded><![CDATA[<p>It should be easy enough to regress year-end DJIA on the party in White House and the proportion of Senate and House controlled by Dems (or Reps) with a log as others have suggested to see what&#8217;s significant and the percent of variance in DJIA they explain.</p>
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		<title>By: freD</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140306</link>
		<dc:creator>freD</dc:creator>
		<pubDate>Thu, 05 Mar 2009 18:04:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140306</guid>
		<description>You’re probably right, Sean D. Martin.  

Today’s R is full of BS.  Their unrestricted (except for morality and military and war against Islam and unions and some other shiny stuff) &quot;freedom and liberty&quot; inadvertently creates cycles of &quot;freedom and liberty&quot; and then ‘slavery and fear’ for most of us. D seems better at trying to limit freedom for the sociopathic and ignorant types who the primary culprits behind such cycles, prefering to try and give the rest of us more consistent &quot;freedom and liberty&quot;.  

Until SaveFarris returns, all he’s proven is that R is all about cherry picking facts, and I’m happy to oblige him.</description>
		<content:encoded><![CDATA[<p>You’re probably right, Sean D. Martin.  </p>
<p>Today’s R is full of BS.  Their unrestricted (except for morality and military and war against Islam and unions and some other shiny stuff) &#8220;freedom and liberty&#8221; inadvertently creates cycles of &#8220;freedom and liberty&#8221; and then ‘slavery and fear’ for most of us. D seems better at trying to limit freedom for the sociopathic and ignorant types who the primary culprits behind such cycles, prefering to try and give the rest of us more consistent &#8220;freedom and liberty&#8221;.  </p>
<p>Until SaveFarris returns, all he’s proven is that R is all about cherry picking facts, and I’m happy to oblige him.</p>
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		<title>By: Sean D. Martin</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140295</link>
		<dc:creator>Sean D. Martin</dc:creator>
		<pubDate>Thu, 05 Mar 2009 17:02:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140295</guid>
		<description>freD: &lt;i&gt;Until SaveFarris walks us through the exact D and R congressional policies (and dates) which caused the DJIA advances and declines, I blame the president. For fairness, I’ll add in a one year POTUS policy slack factor as well, since economies are too big to turn on a dime&lt;/i&gt;

Not sure I can find it again (I&#039;ll post a link if I can.  I think I did once in another thread.) but I saw an analysis of this once covering something like the last 60 years or so.  Economic growth as measured by a number of factors (gov&#039;t spending (including and excluding military), CPI, GDP, tax rates, Dow, etc. for both a president&#039;s term and, as you suggested, a one year lag.

Bottom line: Under Democratic administrations taxes were generally lower, growth was higher, government spending was down.  Just about every measure was &quot;better&quot; under Dem leadership than under Republican.</description>
		<content:encoded><![CDATA[<p>freD: <i>Until SaveFarris walks us through the exact D and R congressional policies (and dates) which caused the DJIA advances and declines, I blame the president. For fairness, I’ll add in a one year POTUS policy slack factor as well, since economies are too big to turn on a dime</i></p>
<p>Not sure I can find it again (I&#8217;ll post a link if I can.  I think I did once in another thread.) but I saw an analysis of this once covering something like the last 60 years or so.  Economic growth as measured by a number of factors (gov&#8217;t spending (including and excluding military), CPI, GDP, tax rates, Dow, etc. for both a president&#8217;s term and, as you suggested, a one year lag.</p>
<p>Bottom line: Under Democratic administrations taxes were generally lower, growth was higher, government spending was down.  Just about every measure was &#8220;better&#8221; under Dem leadership than under Republican.</p>
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		<title>By: Duros62</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140287</link>
		<dc:creator>Duros62</dc:creator>
		<pubDate>Thu, 05 Mar 2009 16:24:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140287</guid>
		<description>Huh. Would&#039;ja look at &lt;a href=&quot;http://stockcharts.com/charts/historical/djia19601980.html&quot; rel=&quot;nofollow&quot;&gt;that?&lt;/a&gt;

DJ lost half it&#039;s value in 1975. I guess that means Gerald Ford was a crappy President, yes?

And I guess it would also mean that most of Carter&#039;s troubles were inherited, yes? By a crappy Republican President.</description>
		<content:encoded><![CDATA[<p>Huh. Would&#8217;ja look at <a href="http://stockcharts.com/charts/historical/djia19601980.html" rel="nofollow">that?</a></p>
<p>DJ lost half it&#8217;s value in 1975. I guess that means Gerald Ford was a crappy President, yes?</p>
<p>And I guess it would also mean that most of Carter&#8217;s troubles were inherited, yes? By a crappy Republican President.</p>
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		<title>By: Duros62</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140285</link>
		<dc:creator>Duros62</dc:creator>
		<pubDate>Thu, 05 Mar 2009 16:19:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140285</guid>
		<description>Just curious: what was the DJIA between 1974 and 1976?</description>
		<content:encoded><![CDATA[<p>Just curious: what was the DJIA between 1974 and 1976?</p>
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		<title>By: Grumpymann</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140265</link>
		<dc:creator>Grumpymann</dc:creator>
		<pubDate>Thu, 05 Mar 2009 14:03:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140265</guid>
		<description>What?</description>
		<content:encoded><![CDATA[<p>What?</p>
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		<title>By: Dennis</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140263</link>
		<dc:creator>Dennis</dc:creator>
		<pubDate>Thu, 05 Mar 2009 13:55:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140263</guid>
		<description>&lt;b&gt;Welcome Back, Carter&lt;/b&gt;

&quot;&lt;i&gt;Ode to Carter Second Term&lt;/i&gt;&quot;


Welcome back, 
Your dreams were your ticket out. 

Welcome back, 
To that same old place that you laughed about. 

Well the names have all changed since you hung around, 
But those dreams have remained and they&#039;re turned around. 

Who&#039;d have thought they&#039;d lead ya (Who&#039;d have thought they&#039;d lead ya) 
Here where we need ya (Here where we need ya) 

Yeah we tease him a lot cause we&#039;ve hot him on the spot, welcome back, 
Welcome back, welcome back, welcome back.</description>
		<content:encoded><![CDATA[<p><b>Welcome Back, Carter</b></p>
<p>&#8220;<i>Ode to Carter Second Term</i>&#8221;</p>
<p>Welcome back,<br />
Your dreams were your ticket out. </p>
<p>Welcome back,<br />
To that same old place that you laughed about. </p>
<p>Well the names have all changed since you hung around,<br />
But those dreams have remained and they&#8217;re turned around. </p>
<p>Who&#8217;d have thought they&#8217;d lead ya (Who&#8217;d have thought they&#8217;d lead ya)<br />
Here where we need ya (Here where we need ya) </p>
<p>Yeah we tease him a lot cause we&#8217;ve hot him on the spot, welcome back,<br />
Welcome back, welcome back, welcome back.</p>
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		<title>By: Jaim</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140212</link>
		<dc:creator>Jaim</dc:creator>
		<pubDate>Thu, 05 Mar 2009 05:06:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140212</guid>
		<description>joaquin writes &quot;The stock market is the most accurate indicator of economic confidence and economic future.&quot;

I&#039;m going to take a wild guess and say you&#039;ve never taken a college-level econ course.  Because that&#039;s a pretty dumb statement, even by Republican standards.

Unemployment rate is much more telling, along with average salaries.

Not surprisingly, the unemployment rate jumped under Bush II, and wages were stagnant as they have been ever since Clinton was president.

A healthy stock market is fine to have, but it&#039;s more important for lower and middle class working people, rather than trust fund babies, to have good jobs, buy things from stores, and pay taxes.</description>
		<content:encoded><![CDATA[<p>joaquin writes &#8220;The stock market is the most accurate indicator of economic confidence and economic future.&#8221;</p>
<p>I&#8217;m going to take a wild guess and say you&#8217;ve never taken a college-level econ course.  Because that&#8217;s a pretty dumb statement, even by Republican standards.</p>
<p>Unemployment rate is much more telling, along with average salaries.</p>
<p>Not surprisingly, the unemployment rate jumped under Bush II, and wages were stagnant as they have been ever since Clinton was president.</p>
<p>A healthy stock market is fine to have, but it&#8217;s more important for lower and middle class working people, rather than trust fund babies, to have good jobs, buy things from stores, and pay taxes.</p>
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		<title>By: Jaim</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140209</link>
		<dc:creator>Jaim</dc:creator>
		<pubDate>Thu, 05 Mar 2009 04:59:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140209</guid>
		<description>Wow, what a fun game.  I wanna play!

If presidential success if measured by the Dow, then Bush W. was a ginormous failure.

Best president of all time?  Bill Clinton.  Not sure why the wingnuts here hate him so.

That said, feel free to come back in three years and ten months and praise our president for digging us out of a Republican-made mess.  In the meantime, please stop hoping for America to fail.  It&#039;s pretty disgusting behavior (not that I&#039;d expect any better for our resident bed-wetting chickenhawks).</description>
		<content:encoded><![CDATA[<p>Wow, what a fun game.  I wanna play!</p>
<p>If presidential success if measured by the Dow, then Bush W. was a ginormous failure.</p>
<p>Best president of all time?  Bill Clinton.  Not sure why the wingnuts here hate him so.</p>
<p>That said, feel free to come back in three years and ten months and praise our president for digging us out of a Republican-made mess.  In the meantime, please stop hoping for America to fail.  It&#8217;s pretty disgusting behavior (not that I&#8217;d expect any better for our resident bed-wetting chickenhawks).</p>
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		<title>By: fafaroo</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140207</link>
		<dc:creator>fafaroo</dc:creator>
		<pubDate>Thu, 05 Mar 2009 04:46:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140207</guid>
		<description>&lt;i&gt;No it’s not.&lt;/i&gt;

It&#039;s really all one needed to say, isn&#039;t it?</description>
		<content:encoded><![CDATA[<p><i>No it’s not.</i></p>
<p>It&#8217;s really all one needed to say, isn&#8217;t it?</p>
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		<title>By: C.S.Strowbridge</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140205</link>
		<dc:creator>C.S.Strowbridge</dc:creator>
		<pubDate>Thu, 05 Mar 2009 04:39:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140205</guid>
		<description>joaquin says: &quot;Just one slight flaw.
The stock market is the most accurate indicator of economic confidence and economic future.&quot;

No it&#039;s not.</description>
		<content:encoded><![CDATA[<p>joaquin says: &#8220;Just one slight flaw.<br />
The stock market is the most accurate indicator of economic confidence and economic future.&#8221;</p>
<p>No it&#8217;s not.</p>
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		<title>By: freD</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140187</link>
		<dc:creator>freD</dc:creator>
		<pubDate>Thu, 05 Mar 2009 03:21:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140187</guid>
		<description>I’m can’t find an economic indicator chart that shows a difference between D and R economies.  Growth trend curves seem to remain consistent with either.  But that was then.  The R of now seems to prefer unrestricted boom and bust cycles over the more stable and continuous growth which D prefers.  Which is better?  Here’s America&#039;s own economic expert, SaveFarris, with the answer.  
Uh, Farris?  
Farris?

Farris?  And why&#039;s it spelled with an &quot;a&quot; anyways?

Farris?</description>
		<content:encoded><![CDATA[<p>I’m can’t find an economic indicator chart that shows a difference between D and R economies.  Growth trend curves seem to remain consistent with either.  But that was then.  The R of now seems to prefer unrestricted boom and bust cycles over the more stable and continuous growth which D prefers.  Which is better?  Here’s America&#8217;s own economic expert, SaveFarris, with the answer.<br />
Uh, Farris?<br />
Farris?</p>
<p>Farris?  And why&#8217;s it spelled with an &#8220;a&#8221; anyways?</p>
<p>Farris?</p>
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		<title>By: freD</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140180</link>
		<dc:creator>freD</dc:creator>
		<pubDate>Thu, 05 Mar 2009 02:44:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140180</guid>
		<description>Until SaveFarris walks us through the exact D and R congressional policies (and dates) which caused the DJIA advances and declines, I  blame the president.  For fairness, I’ll add in a one year POTUS policy slack factor as well, since economies are too big to turn on a dime

Clinton
Jan 1994 3978
Jan 2002 9920

Bush
Jan 2002 9920
Jan 2010 6800 (est)</description>
		<content:encoded><![CDATA[<p>Until SaveFarris walks us through the exact D and R congressional policies (and dates) which caused the DJIA advances and declines, I  blame the president.  For fairness, I’ll add in a one year POTUS policy slack factor as well, since economies are too big to turn on a dime</p>
<p>Clinton<br />
Jan 1994 3978<br />
Jan 2002 9920</p>
<p>Bush<br />
Jan 2002 9920<br />
Jan 2010 6800 (est)</p>
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		<title>By: Zython</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140159</link>
		<dc:creator>Zython</dc:creator>
		<pubDate>Thu, 05 Mar 2009 00:38:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140159</guid>
		<description>&lt;i&gt; My $ is in gold and cash.&lt;/i&gt;

Figures you would pick an investment that&#039;s devalued when someone finds a shiny rock, in the ground.

&lt;i&gt;Want a healthy economy? Vote Republicans for Congress.&lt;/i&gt;

I&#039;d rather live in a poor economy than one where homosexuality, abortion, sex outside of marriage, science, and &quot;heresy&quot; are illegal, thank you very much.

And that&#039;s assuming, of course, that correlation = causation.</description>
		<content:encoded><![CDATA[<p><i> My $ is in gold and cash.</i></p>
<p>Figures you would pick an investment that&#8217;s devalued when someone finds a shiny rock, in the ground.</p>
<p><i>Want a healthy economy? Vote Republicans for Congress.</i></p>
<p>I&#8217;d rather live in a poor economy than one where homosexuality, abortion, sex outside of marriage, science, and &#8220;heresy&#8221; are illegal, thank you very much.</p>
<p>And that&#8217;s assuming, of course, that correlation = causation.</p>
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		<title>By: Duros62</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140139</link>
		<dc:creator>Duros62</dc:creator>
		<pubDate>Wed, 04 Mar 2009 22:17:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140139</guid>
		<description>All very well and good, Farris, but I think you and Denny are putting too much faith in a causal relationship between Wall Street and Washington. I&#039;m not at all convinced that the two are linked.</description>
		<content:encoded><![CDATA[<p>All very well and good, Farris, but I think you and Denny are putting too much faith in a causal relationship between Wall Street and Washington. I&#8217;m not at all convinced that the two are linked.</p>
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		<title>By: SaveFarris</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140137</link>
		<dc:creator>SaveFarris</dc:creator>
		<pubDate>Wed, 04 Mar 2009 22:01:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140137</guid>
		<description>freD misses a key data element in his list:

DJIA = 3800 in Jan 1995

Avg. gain with Clinton/Dem Congress: 250 points a year
Avg. gain w/ Clinton/Rep. Congress: 1133 points a year

And just for kicks because you know it&#039;s coming...

DJIA = 8700 in Jan 2003
DJIA = 12500 in Jan 2007

Avg. gain w/ Bush/Dem (and/or tied) Congress: -950 points a year
Avg. gain w/ Bush/Rep. Congress: 950 points a year

Want a healthy economy?  Vote Republicans for Congress.</description>
		<content:encoded><![CDATA[<p>freD misses a key data element in his list:</p>
<p>DJIA = 3800 in Jan 1995</p>
<p>Avg. gain with Clinton/Dem Congress: 250 points a year<br />
Avg. gain w/ Clinton/Rep. Congress: 1133 points a year</p>
<p>And just for kicks because you know it&#8217;s coming&#8230;</p>
<p>DJIA = 8700 in Jan 2003<br />
DJIA = 12500 in Jan 2007</p>
<p>Avg. gain w/ Bush/Dem (and/or tied) Congress: -950 points a year<br />
Avg. gain w/ Bush/Rep. Congress: 950 points a year</p>
<p>Want a healthy economy?  Vote Republicans for Congress.</p>
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		<title>By: ed</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140133</link>
		<dc:creator>ed</dc:creator>
		<pubDate>Wed, 04 Mar 2009 21:49:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140133</guid>
		<description>&lt;i&gt;DJIA = 3300 in Jan 1993
DJIA = 10,600 in Jan 2001&lt;/i&gt;

Any questions, wingnutz? 

By the way, I forget, what the the Wall Street Journal, Republican Senators, and usual suspect Right Wingers tell us would happen to the Dow after the marginal marginal tax increase in 1993?</description>
		<content:encoded><![CDATA[<p><i>DJIA = 3300 in Jan 1993<br />
DJIA = 10,600 in Jan 2001</i></p>
<p>Any questions, wingnutz? </p>
<p>By the way, I forget, what the the Wall Street Journal, Republican Senators, and usual suspect Right Wingers tell us would happen to the Dow after the marginal marginal tax increase in 1993?</p>
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		<title>By: Mister Steve</title>
		<link>http://www.oliverwillis.com/2009/03/04/whos-to-blame-for-the-ailing-stock-market/#comment-140131</link>
		<dc:creator>Mister Steve</dc:creator>
		<pubDate>Wed, 04 Mar 2009 21:44:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=13261#comment-140131</guid>
		<description>Say, while you have your googling fingers on, why not try out &quot;credit default swaps&quot; - you know that $62 trillion elephant in the room that few people understand, and fewer will acknowledge as being a big, big part of our problem.

In other words, it&#039;s not only the stock market or mortgages or new car sales, it&#039;s a perfect storm brought about by years (think Reagan) of deregulation and unsound fiscal policy and deregulation. In other words, our collective greed as a society (and individually, thanks to the likes of Bernie Madoff and Allen Stanford) finally caught up with us.

Hell, I even bought into it, putting the bulk of my retirement money in stock-based 401Ks with no guarantee of payout. What I didn&#039;t do was listen to the mortgage broker when he told me I could qualify for much more house than I wanted to buy. So I&#039;m only partially screwed.</description>
		<content:encoded><![CDATA[<p>Say, while you have your googling fingers on, why not try out &#8220;credit default swaps&#8221; &#8211; you know that $62 trillion elephant in the room that few people understand, and fewer will acknowledge as being a big, big part of our problem.</p>
<p>In other words, it&#8217;s not only the stock market or mortgages or new car sales, it&#8217;s a perfect storm brought about by years (think Reagan) of deregulation and unsound fiscal policy and deregulation. In other words, our collective greed as a society (and individually, thanks to the likes of Bernie Madoff and Allen Stanford) finally caught up with us.</p>
<p>Hell, I even bought into it, putting the bulk of my retirement money in stock-based 401Ks with no guarantee of payout. What I didn&#8217;t do was listen to the mortgage broker when he told me I could qualify for much more house than I wanted to buy. So I&#8217;m only partially screwed.</p>
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