Economy
Related: About this forumSTOCK MARKET WATCH: Thursday, 22 February 2024
STOCK MARKET WATCH: Thursday, 22 February 2024
Previous SMW:
SMW for 21 February 2024
AT THE CLOSING BELL ON 21 February 2024
Dow Jones 38,612.24 +48.44 (0.13%)
S&P 500 4,981.80 +6.29 (0.13%)
Nasdaq 15,580.87 -49.91 (0.32%)
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Market Conditions During Trading Hours:
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DU Economics Group Contributor Megathreads:
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mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread
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Quote for the Day:
Now, you know how Washington is. It's almost impossible to get anything done unless both parties are willing to put politics aside and work together. So, on this counterterrorism stuff, you're thinking the Republicans must have been cooperating the whole way. Isn't that what you're thinking? If so, I wish I lived in the same fantasy world as you. No, once the Republicans took hold of Congress, they fought Clinton with the same bitterness that the hostile Whig Congress fought President Polk during the storied second half of his first term. I still get angry thinking about that.
Al Franken. Lies And the Lying Liars Who Tell Them: A Fair and Balanced Look at the Right. Dutton / Penguin. © 2003.
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Warpy
(113,131 posts)They weathered the contentions Polk years (like the GOP weathered the contention Clinton years, although it cost them in the short term). What finally caused the collapse was the inability of the southern, pro slavery Whigs to reach any sort of compromise with the abolitionist northern Whigs. The collapse started in 1852, culminating in the disastrous 1856 convention, when the fighting was so fierce they failed to produce a presidential candidate.
Maybe history doesn't exactly repeat, but it certainly stutters a lot and I'm really hoping for a convention Donnybrook this year and for the same reason, a divide between the slave states and the free states.
Political parties that refuse to compromise internally or with the Democrats generally destroy themselves. I just want it in public and preferably televised.