Biotech Values

[vinmantoo]

Superfly,

"I've tried to stay quiet but I can only do it for so long....This President is responsible for job loss UNDER HIS WATCH, and Mr. Bush is responsible for job loss UNDER HIS WATCH. "

Perhaps you should have keep quiet. Yes a problem is people not accepting responsibility for their actions or consequences for their actions. But one must also be careful to identify the policies which led to problem so that one can take appropriate corrective actions. That is the sound and intelligent thing to do. The country was hemorrhaging jobs BEFORE Obama took over, and that is an undeniable fact. Only a complete idiot would expect that to stop the moment Obama took office, or to attribute continuation of job losses in the next few months to his polices.

http://www.tradingeconomics.com/united-states/non-farm-payrolls

Under Bush, the economy lost ~200K/month from May 2008 through Sept 2008.
Job losses increased to ~ 450K/month in October and November 2008,
then losses increased to ~800K/month in Dec 2008 and Jan 2009.

Obama was sworn on January 20th, 2009.

From February through April 2009 job losses remained at ~800K/month.
In May 2009, the economy lost ~700K jobs.
From June through August 2009, the economy lost ~400K/month
From Sept to Nov 2009, the economy lost ~200K/month jobs
From Dec 2009 through Feb, the economy lost ~40K/month

Finally, in April 2010, jobs were finally added, and most months since have been positive. The point is how long does it take before a president's economic polices can impact growth, and under what circumstances the economy in the US and the world war ewhethe guy took over.

My view is that one has to wait 2 years or so before one can begin to assess the impact a president has one economy, however limited. This same BS that Republicans now are trying to do with Obama, saddle him with the horrid Bush economic legacy early in his term, is the same BS Democrats tried to do to Reagan by saddling him with the horrid economy he inherited from Carter.


"I have been a registered Republican for a long time, but what the Republican candidates stand for now is disgraceful and often childish in its simplicity. I voted for the 2nd Bush, once. If one looks over his record, he is one of the worst presidents overall that we have had."

""Sounds like a decent way to sound "middle of the road" to me.""

Thanks, but it isn't posing or appearances. I look at data and performance, as opposed to some ideologue who clings to the party line no matter what the facts show, or the circumstances dictate.