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<blockquote data-quote="Jones" data-source="post: 498507" data-attributes="member: 4805"><p>I've never doubted the fundamentals of the US economy. I bought stocks all the way through the Bush administration and you can bet yer ass that I'm buying now. It's practically a fire sale as far I'm concerned, the same stocks that I was willing to pay full price for 18 months ago are now selling for 50% off. I'm dumping every penny I can into the market. </p><p></p><p>I think Bush's problem was that he came off as someone who didn't know what was going on, rather than someone who was on top of the situation and in a position to reassure people that everything was going to be ok. I think it was around the same time that he expressed surprise that gas was pushing 5$ a gallon, and there was a perception forming that he was kind of out of it on the economic front. Perception matters a lot. I didn't see Obama's photo op so I really can't comment, except to say that I don't think that our government really has much control over the economy, it's more cyclical than anything. The best our elected officials can do is to look busy and hope things improve during their tenure so they can take credit for it.</p></blockquote><p></p>
[QUOTE="Jones, post: 498507, member: 4805"] I've never doubted the fundamentals of the US economy. I bought stocks all the way through the Bush administration and you can bet yer ass that I'm buying now. It's practically a fire sale as far I'm concerned, the same stocks that I was willing to pay full price for 18 months ago are now selling for 50% off. I'm dumping every penny I can into the market. I think Bush's problem was that he came off as someone who didn't know what was going on, rather than someone who was on top of the situation and in a position to reassure people that everything was going to be ok. I think it was around the same time that he expressed surprise that gas was pushing 5$ a gallon, and there was a perception forming that he was kind of out of it on the economic front. Perception matters a lot. I didn't see Obama's photo op so I really can't comment, except to say that I don't think that our government really has much control over the economy, it's more cyclical than anything. The best our elected officials can do is to look busy and hope things improve during their tenure so they can take credit for it. [/QUOTE]
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