Dow Closes Above 13,000 for First Time = Bad News?

It'll all be better when a Dem is elected pres.

it doesn't include those who have given up on finding a job

Like the homeless they'll never be found when a Dem is president.

Tlaloc, you are a fool.

So, then, you're saying you aren't going to learn anything?

Go buy some gold as an investment, hide in your cave, and try to save the world from your "some time" in the future prediction of economic collapse.

Where precisely did I predict an economic collapse?

Meanwhile, those evil rich have really soaked me and millions of others who have their retirement funds up huge %'s so far during George Bush's years in office, and will someday be enjoying the comforts of golf and retirement in Florida like millions before us.

Chris, can I call you Chris? Chris, before you go buying that mansion you might want to sit down and figure out how much your retirement fund has grown when you correct for inflation. See 'cause when you do that you're going to be really disappointed, but at least it can be before you have a mortgage riding on it.

Must really suck to be a liberal like you.

There is a certain tedium in watching you people commit the same mistakes over and over again, no matter how many times it is explained to you. I guess it's sheer optimism that makes some of us keep trying to help.

Over half of the US workforce is in a 401K.
They all went to bed tonight with more money.

That depends on how much inflation has outpaced their flat wages, now doesn't it? It also depends on how much the Dow has grown above the nominal.

There is a reason that companies lust for H1B visas (from India, especially); they can't find qualified Americans. Why?

Because our education system has gone to hell. And because you can often treat immigrant workers (yes, even engineers, I work with many) like shit with little or no complaints.

Go buy some gold as an investment, hide in your cave, and try to save the world from your "some time" in the future prediction of economic collapse. You will be an old man before it ever happens but will be screaming your portention of it till the day you die. Meanwhile, those evil rich have really soaked me and millions of others who have their retirement funds up huge %'s so far during George Bush's years in office, and will someday be enjoying the comforts of golf and retirement in Florida like millions before us.

Must really suck to be a liberal like you.

Whining about the Bush economy comes from the same old Bush-haters who want to get paid more to do less.
There is a reason that companies lust for H1B visas (from India, especially); they can't find qualified Americans. Why?

Too much like work for the "self-esteemed" lazy little punks - with no skills (beyond whining)and no initiative.

I know; I used to hire H1B's by the dozen.

All those measures are the same measures that have been used during every president's term, and are not compiled by political appointees, but instead rely on cold, hard facts.

Your first two contentions are essentially corrent, the third is flawed, as you'd know if you read the link I provided.

Our "unemployment rate" is nowhere near a "cold hard fact." It is actually the opposite: a total fabrication. The fact that it doesn't include those who have given up on finding a job is a clear indication of that.

But, yes, the same formulation was used when say Clinton was in office, and it was just as inacurate then.

But I suppose all that money that has been earned in our free and easy-to-access stock market is fake too, huh?

Fake? No. But it is highly concentrated in the hands of the wealthy. Which happens to match what I said above.

Those evil corporations and wealthy people sure have pulled a fast one on all of us, well, I mean at least you liberals.

No, they've pulled the fast on on you by convincing you to vote against your own intertests by voting republican. By convincing you that as they get obscenely more wealthy and you are left in the dust you somehow benefit.

Wow you are so smart to be on the up and up! Congratulations!

Thank you.

All those measures are the same measures that have been used during every president's term, and are not compiled by political appointees, but instead rely on cold, hard facts.

But I suppose all that money that has been earned in our free and easy-to-access stock market is fake too, huh? Those evil corporations and wealthy people sure have pulled a fast one on all of us, well, I mean at least you liberals.

So I guess the American people have been fooled for a long, long time (as far back as Roosevelt? Lincoln? Washington? The King of England?). Wow you are so smart to be on the up and up! Congratulations!

Bush's economic policies are an unmitigated SUCCESS and the market's stunning performance reflects it.

And if you did the suggested reading you now know those opinions were based on fallacies and his economy has actually sucked, unless you happened to be quite wealthy in the first place.

Have you even heard about the $3/4 Trillion the tax cuts (cuts!) produced in higher government revenue?

Again: nope. Haven't heard anything remotely close to that.

pssst- read this:
http://www.washingtonmonthly.com/archives/individual/2006_07/009190.php

Have you seen how low unemployment and inflation is?

You mean the bogus unemployment numbers that don't count people who have given up finding a job? And the inflation numbers that use the incredibly dishonest hedonic adjustments? Those numbers? Yeah, seen em, just can't imagine anyone would actually use them.

pssst read this:
http://www.weedenco.com/welling/Downloads/2006/0804welling022106.pdf

Have you seen the growth in wages

Nope. I've seen plenty of stagnant wages though. In fact I've seena fair amount of reports of negative wages change compared to inflation.

pssst- read this:
http://www.washingtonmonthly.com/archives/individual/2006_05/008898.php
and this:
http://www.washingtonmonthly.com/archives/individual/2006_10/009824.php