I’m sure by now regular readers are well aware that Texas Congressman Ron Paul is serving out his 12th -- and final -- term in the House of Representatives and will soon retire from public life. Somewhat unexpectedly, however, during his humble and moving final speech on the House floor a few days ago, I was surprised to hear him speak, among other things, about his “failure” to rein in the size and scope of government during his long and distinguished political career. To some extent this is undoubtedly true -- after all, the United States is headed straight...
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The economy was getting better until the Republicans took over the House of Representatives in January of 2011 and spooked the markets with their budget games. Stock market performance for Obama's first two years versus this Republican-controlled Congress. -------------DJIA---NASDAQ------S&P500 01/20/09----7,949-----1,441---------805 01/20/11---11,823-----2,764-------1,280 01/20/12---12,514-----2,737-------1,298 First two years of Obama. DJIA +49%, NASDAQ +91%, S&P500 +60%. Please take a look at the poor performance of the stock market under this Republican-controlled Congress. DJIA +5%, NASDAQ -1%, S&P500 +1%. As a retired investor, I think the Republicans suck.
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