Dow Jones tops 17,000 for first time on strong jobs report

[Tender Branson]

Dow tops 17,000 after jobs report beats expectations

The U.S. created 288,000 jobs last month and the unemployment rate fell to 6.1% — beating expectations.

http://blogs.marketwatch.com/thetell/2014/07/03/stock-market-live-blog-dow-17000-possible-after-jobs-report-tops-expectations

[eric82oslo]

This certainly bodes well for Obama's coattails in 2014.

[DC Al Fine]

My portfolio's doing swimmingly. No complaints here.

[Person Man]

So are complaints about Obama's performance baseless? I can understand if people want to give the Republicans a chance but they have held a majority of the local offices.

[King]

So are complaints about Obama's performance baseless?

The Benghazi NSA Index is poor

[Person Man]

So are complaints about Obama's performance baseless?

The Benghazi NSA Index is poor

I guess its time to blame the "'liberal' media" if we lose the senate and approach minor party numbers at the state executive level and the house.

[Indy Texas]

My portfolio's doing swimmingly. No complaints here.

[Oldiesfreak1854]

Derp, Obama is making our economy strong!  Obama is the best president ever!

[Person Man]

Derp, Obama is making our economy strong!  Obama is the best president ever!

But all the hub bub about him crashing the economy by pricing rich people out of business, the biggest issue people had against him, seems to be tripe. Who knows though? Maybe the economy will enter recession before he leaves office.

[Snowstalker Mk. II]

Hooray for the rich getting richer!

[TNF]

Hooray for the rich getting richer!

[Deus Naturae]

Hooray for the rich getting richer!

Even the rich (by which I assume you mean stockholders, though plenty of pension funds hold stocks) are not actually richer (at least not because of this), just like homeowners weren't actually richer when the value of their homes was artificially high during the housing bubble. The Fed has just created another asset bubble by pushing up stock prices via artificially low interest rates and money printing. Asset bubbles don't create real wealth - just an illusion of wealth, which ends when the bubble pops.

[AggregateDemand]

Derp, Obama is making our economy strong!  Obama is the best president ever!

But all the hub bub about him crashing the economy by pricing rich people out of business, the biggest issue people had against him, seems to be tripe. Who knows though? Maybe the economy will enter recession before he leaves office.

Why is it impossible for liberals to understand the nuances between earned income and unearned income; asset-class and upper-income middle class?

Obama is not killing the rich. He's killing the near-rich merchant class and executive class, which makes the plutocrats and corporatists wet themselves with glee.