After Previously Blaming Obama For Slumping Markets, Boehner Now Downplays Surging Dow

After Previously Blaming Obama For Slumping Markets, Boehner Now Downplays Surging Dow
http://thinkprogress.org/2009/10/14/boehner-markets-obama/

Today on Wall Street, the Dow Jones Industrial Average climbed above 10,000 for the first time this year as “U.S. stocks approached their highest levels since Lehman Brothers Holdings Inc.’s bankruptcy sent the global economy into a tailspin.” In fact, the index is up 13 percent since the start of the year.

When asked about the surging markets, House Minority Leader John Boehner grumbled at the news. “(You're) certainly not talking to the American people,” if you’re placing any significance on the 10,000 mark, Boehner contended:


“The American people understand that unemployment is almost at 10 percent, they understand that they might be next so there are concerns about the economy,” Boehner said.

Boehner said the stock market’s rebound is a reaction to the extreme shock from earlier this year, but it says little more than that.

“At the end of the day, the American people aren’t looking at the stock market in terms of putting food on the table,” Boehner said. “They want jobs, and they want them now.”

But Boehner hasn’t always been so dismissive of the stock market’s significance. In search of an attack line on the newly-inaugurated President Obama back in March, the GOP leader thought that the dismal numbers coming from Wall Street represented the public’s dissatisfaction with Obama’s policies:

“The president certainly remains popular, but his policies are becoming less and less popular,” Boehner said, citing the continuing slide in the financial markets. “Certainly the stock market hasn’t acted very well” since Obama’s inauguration.

As the markets continue to falter, Republicans are becoming more confident in their criticisms of the president — some have already taken to using the phrase “the Obama economy.”

But Boehner has also used the markets to tout the leadership of the Republican Party. At a rally just before the GOP got its “thumpin’” in the 2006 mid-term elections, then Majority Leader Boehner argued that his party would best handle the economy reportedly by “point to a hot stock market.”

The obstructionist game is very tiring. Grayson was absolutely right on this one.

truth or whats good for the country be damned. It wouldn't have done for me to be where we are today, politically wise, 30 years ago cause I'd a been getting skint up pretty regularly for telling the ditto heads I know how stupid they are.

does die they won't be able to tell which is the shit and which is the body cause they both will look the same.

to see what the F they are babbling about and what lies. If they had good ideas and some intelligent suggestions that would be one thing, might even help, but these Rs today are absolute morons and could give a care about most of the country. They are in it for greed, power, money and their egos. And to push their insane agendas. Often I think they are just out to destroy the country and make what money they can in the process.

The stock market is completely irrational. It over reacts on good news and over reacts on bad news.

is off our back when it comes right down to it.

not easy. If you're a regular American, you exist just for the really wealthy to make money off of you, that's how it works! Each year more and more Americans become serfs. The system of today is rigged against you.

the DJI is "surging" because the dollar is plummeting.

Check out what the DJI looks like when priced in, say, euros or yen.


And please, don't turn into one of those peckerheads who celebrates every time an index hits a round number, you'll give me bad flashbacks of Bush cheerleaders.

try to put Republicans at an advantage with Middle Class.

The GOP is using every opportunity to jump on Jobs.

When will our side smarten up and point out that the GWB
taxcuts for the Rich did not create new jobs. Jobs were
being lost when Obama came to office. Jobs had been lost
for years in some states(OHIO). Up until last election
for years in OHIO we had Republican Rule. Where are all
the jobs Republican Policies are supposed to grow???

You know that old tale the GOP stresses. Cut Taxes and
you bring in more Revenues. GWB did two different taxcuts
Treasury lost monies. There goes that Myth down the drain.

If taxcuts and deregulation of Business is the answer, what
in the H happened the last 8 years.

Or, can our party not say this because our Conservative Democrats
would get upset. (Do they believe this drivel???)

If he wants to talk about job losses, let him look at Bush's miserable record over 8 years.

Markets down? Blame Obama. Markets up? Downplay Obama...

Never know which way he's going to fly.

It's an old game.

They seethe every time something good is reported.

That may tell you that peeing on the 10k parade isn't the wisest political strategy.

Accepting evidence when it is in your favor, rejecting the same evidence when it isn't.