Actually I firmly believe that they are moving it around in the markets keeping those numbers inflated and consumer prices artificially high.
This way you see we can b!tc# about high consmer prices but the left can point to the DOW and say "see Obama is a financial genious, the DOW is high so the economy is great!"
Your first sentence I agree with. I noticed it first when Reagan was President. Then I said the “trickle down” money was moving sideways in the markets (as well as gobbling up smaller corps to create mega corps.)
I didn’t see a booming economy under Bush, but not a bad one either, just stagnant. So, when the R’s and Bush wanted and got the direct payment to taxpayer’s stimulus I wondered why. My personal opinion is they knew what was coming and tried to stall it until after the election. I know it sounds like a conspiracy theory, but it does seem to answer WHY the R’s advocated a stimulus to workers instead of just to big business.
After Enron, when nothing at all was done to stop it from happening again, it was obvious that it would. The same crap was a main part of the 08 crash.
Since the crash of the economy we had huge job losses and reductions in pay and demand for almost everything is down or WAY down. That SHOULD be causing deflation. Now the FED is giving free money to Wall Street and the big banks and they are using it to artificially inflate prices of commodities. I think the intent is to prop up corps so that they don’t go under, but making money increasing consumer costs pays better for them.
Now, you gotta think the genius’ in Washington have to know that the commodities markets are being gamed for profit, rather than establishing real world costs as it should. So, why let it go on?
About your last comment. I believe that those in Washington, all of them, think that the economy is the markets and only the markets. If the markets are good, then the economy is good. The one we live in is just a byproduct of the markets, so doesn’t matter. Really, the same with jobs. They only care about jobs to the point of what the markets need to make their economy good.
I have seen every President in my lifetime use high market numbers to gloat, and low ones of the other party to attack. To single out Obama as seemingly different than any other President is rather partisan sounding.