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this is really weird
on the same day that the stock market sets a new record the dow jones
industrial average closing at fifteen
fifty-six fifteen thousand fifty-six that is a conservative group floats the
idea of impeaching president obama because he racked the stock market
is there any credibility left at this point of these attacks
well i mean i guess if what they mean is they want lower
they want a lower market they want a you know
in impoverished diminished uh...
dow jones industrial average yeah i've been
maybe day he did wreck the market the message it was um... cap from capitol
hill daily it's a conservative publication based in baltimore and it
was sent to a bunch of different list serves and one of them took a screen
shot of it and it says gear concerned reader
feeling the very worst the nation's super-rich are unloading their stocks
and at an alarming rate okay let's stop right there
if that's true
then vin the neared doubling of the dow jones industrial average under president
obama must be
that for every dollar in stocks that the richer selling
the poor are buying four dollars and we know that that's not the case because
wealth has not shifted towards the poor middle class has continued to tell shift
towards the rich so
factually we know that the majority of the stock markets in ninety percent
ingane under president obama has gone to the super gun to the super-rich
opposite of what is is in this business newsletter will continue
even more troubling
the wealthiest one percent of americans who typically no the most are the ones
most anxious to sell
let's stop right there
what evidence do we have that the wealthiest one percent of americans know
the most or are the smartest we don't have any evidence of that in fact many
people would argue that it's those controlling or controlling the money of
the wealthiest one percent who actually quote no and really what anyone can know
is is really kind of up in the air bright so we're talking about so what
has for managers
stuff
emily continues you see old bomb adjust allowed thirty new tax increases to
further slowed the economy rack the stock market and make it even harder on
the twelve million americans already looking for work
the bigger question is is of honest latest tax grew up
grounds for impeachment
thirteen tax increases and the stock market has almost doubled now remember
i'm not an advocate who says
the stock market is the indicator of the health of the economy i'm not saying
that
all i'm saying is that
impeaching president obama because here at the stock market is not only
ridiculous because obama doesn't control the stock market but it's factually
untrue because as his very often the case under democratic presidents the
stock market is up ninety percent over the last four years louis bad day to say
impeach obama overt stock market there for one percent are selling all their
stock
uh... then they're getting added some nice chance to change their they have to
like renew businesses reading from a concert jobs if the one-percent are
locking in the ninety percent gains they've seen over the last four years
any second it's gonna start to trickle down with all those jobs they can create
with the new businesses so some contradiction here in the annenberg
general ideals