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BusiesT casino gambling day -- in Las Vegas Status: Not Logged In; Sign In United States News See other United States News Articles Title: Dow jumps 190 on jobs data, lower oil Source: CNN URL Source: http://money.cnn.com/2011/03/03/mar ... york/index.htm?hpt=T1&iref=BN1 Published: Mar 3, 2011 Author: CNN Post Date: 2011-03-03 16:55:39 by go65 Keywords: None Views: 3678 Comments: 16 NEW YORK (CNNMoney) -- U.S. stocks posted their best day in three months on Thursday as Wall Street rallied behind a strong unemployment claims report along with a modest drop in energy prices. At the preliminary close, the Dow Jones industrial average (INDU) rose 191 points, or 1.6%, to 12,258. The gains were the best for the blue-chip indicator in 2011 and the largest since Dec. 1. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 14. #1. To: go65 (#0) I've said this several times -- the November election was like flipping a light switch. We serve enterprise customers. We went from almost no new business to 30+ unsolicited calls a week. Overnight. The calls are still coming in. If the GOP fails to cut spending and reduce the annual deficit, this will all come crashing down on top of us all. jwpegler  posted on  2011-03-03   19:28:45 ET  Reply   Untrace   Trace   Private Reply   #3. To: jwpegler (#1) (Edited) I've said this several times -- the November election was like flipping a light switch. We serve enterprise customers. We went from almost no new business to 30+ unsolicited calls a week. Overnight. The calls are still coming in. We had our strongest year ever in 2010, but are being really cautious this year. If the GOP gets their cuts it will shave 1-2% off of GDP according to both Moody's and Goldman's research arms. Remember something, a growing economy helps Obama come 2012. A double-dip recession helps the Republicans. The GOP Congress will do all it can to sink the economy between now and next November. go65  posted on  2011-03-03   22:24:16 ET  Reply   Untrace   Trace   Private Reply   #4. To: go65 (#3) (Edited) Goldman's Goldman is a huge part of the problem. They've had their slimy tentacles all over the Clinton, Bush, and Obama administrations and helped caused the financial melt- down. Of course, they didn't have to suffer the consequences because taxpayers bailed them out. Nothing they say should be trusted. On the other hand, for every Goldman there are dozens of economists sounding the alarm bells over the massive and rapidly growing deficit. They are correct. We have to fix this before it is too late. jwpegler  posted on  2011-03-04   10:32:06 ET  Reply   Untrace   Trace   Private Reply   #5. To: jwpegler (#4) (Edited) Nothing they say should be trusted. they are telling "their" customers that GOP budget plans will cut GDP by 1-2%. Mark Zandi at Moody's (and an advisor to McCain/Palin in 2008) is saying the same thing. www.bloomberg.com/video/67237016/ Go look at the UK for a preview of what to expect. They're back in a recession. go65  posted on  2011-03-04   11:19:58 ET  Reply   Untrace   Trace   Private Reply   #6. To: go65 (#5) (Edited) I understand. They are using an old-fashioned Keynesian analysis that has no place in the 21st century. These same dimwits claimed that Obama's "stimulus" would make the economy boom. It didn't. The Keynesians are looking at the problem from the wrong side. We are no longer living in a closed economy. Stimulating demand does not ensure that the benefits will flow to the U.S. We have to stimulate investment in innovation and new productive capacity. jwpegler  posted on  2011-03-04   12:08:25 ET  Reply   Untrace   Trace   Private Reply   #8. To: jwpegler (#6) The Keynesians are looking at the problem from the wrong side. We are no longer living in a closed economy. Stimulating demand does not ensure that the benefits will flow to the U.S. We have to stimulate investment in innovation and new productive capacity. I agree, but government still has to backstop a recession. Look at how quickly germany and China recovered thanks to big government investments and how our own stimulus plan helped turn things around (even though it could have been designed much better). And now, we're seeing first hand that rapid spending cuts means a return to a recession (in the UK). go65  posted on  2011-03-04   12:27:23 ET  Reply   Untrace   Trace   Private Reply   #12. To: go65 (#8) big government investments But not big government transfer payments. Only 2% of Obama's "stimulus" was used for infrastructure. The rest of the money went to temporarily subsidize state bureaucrats. Much of the country's infrastructure is 40+ years old and on the verge of collapse. There is a viaduct in Seattle that's crumbling. It's sitting on a sea wall that's crumbling. The lunatic left that runs Seattle refused for years to do anything about it because they didn't want to upset the nutty environmentalists. The next big earthquake in Seattle is going to kill at of people. Fortunately, the governor finally forced the issue so maybe something will get done. jwpegler  posted on  2011-03-04   12:48:08 ET  Reply   Untrace   Trace   Private Reply   #14. To: jwpegler (#12) But not big government transfer payments. Only 2% of Obama's "stimulus" was used for infrastructure. The rest of the money went to temporarily subsidize state bureaucrats. Hey we got a nice new bridge out of the deal. Too bad during it's construction eight businesses did not survive the disruption. They were little guys though, and totally expendable Rek  posted on  2011-03-04   13:09:06 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 14.         There are no replies to Comment # 14. End Trace Mode for Comment # 14. 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