Re: Stock Market Reacts Negatively to Obama's re-election

The Dow Jones Industrial Average is down 8% since the election and there is no sign of the drop ending currently.

Huzzah for destroying the economy!

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
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Re: Stock Market Reacts Negatively to Obama's re-election

Obama's powers are endless. Simply by being, he can destroy the stock market, abort fetuses, cause food price hikes, explode oil refineries, and overwhelming global support.

Brother Simon, Keeper of Ages, Defender of Faith.
~ ☭ Fokker

Re: Stock Market Reacts Negatively to Obama's re-election

Well he is the President afterall.

Re: Stock Market Reacts Negatively to Obama's re-election

Yes, Simon, having a leader who is pushing for higher taxes has no impact on markets. Good point.

[I wish I could obey forum rules]

Re: Stock Market Reacts Negatively to Obama's re-election

That's the thing though, he isn't pushing for higher taxes. Don't you watch the news?

Re: Stock Market Reacts Negatively to Obama's re-election

It's also gone up over 4,000 points since he took office in 2009, so his effect on the stock market is still quite a ways in the black.

"See and Let Yourself Be Seen" - Robin Trower, Little Bit of Sympathy

"Do What Thou Wilt" - Aleister Crowley, Liber al Legis
**************************************************************
"The desperation in peoples eyes for a job to support themselves and/or their family... is palatable." -Einstein, http://www.imperialconflict.com/forum/v … ?id=157429 (post #18)

Re: Stock Market Reacts Negatively to Obama's re-election

That's the thing though, he isn't pushing for higher taxes. Don't you watch the news?

O.o I believe I saw in some recent headline that Obama wants to increase taxes on the rich.

Brother Simon, Keeper of Ages, Defender of Faith.
~ ☭ Fokker

Re: Stock Market Reacts Negatively to Obama's re-election

Particularly considering that the budget negotiations right now are both spending cuts and revenue increases.  Unless, that is, you're saying the Democrat's "revenue generation" plan is to sell advertising space on the White House front lawn...

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The Great Eye is watching you... when there's nothing good on TV...

Re: Stock Market Reacts Negatively to Obama's re-election

I hope you're not saying raising taxes on the wealthy and lowering them for middle class families and small businesses is a tax increase. Because then I'll be very angry at you.

Re: Stock Market Reacts Negatively to Obama's re-election

Lol. Well okay let's be a little more specific then: Obama wants to increase taxes for the wealthy.

Brother Simon, Keeper of Ages, Defender of Faith.
~ ☭ Fokker

Re: Stock Market Reacts Negatively to Obama's re-election

ALL Tax brackets will see an increase with the sunset of the Bush tax cuts.
Also Obamacare imposes a 3.4% tax on home sales earning $100,000 or more.
Also the payroll tax cut is going away.

Obama. Is Out. To Raise. Taxes.

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: Stock Market Reacts Negatively to Obama's re-election

Obama's understanding of "rich" is upper middle class. To call professionals rich is pure evil.

Re: Stock Market Reacts Negatively to Obama's re-election

flint would probably post links about Romney and then sing songs to us.

Brother Simon, Keeper of Ages, Defender of Faith.
~ ☭ Fokker

Re: Stock Market Reacts Negatively to Obama's re-election

They won't if congress republicans pull their head out of their butts Yell. That remains to be seen though.

Re: Stock Market Reacts Negatively to Obama's re-election

whatever you do don't pull troops out of europe!

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Re: Stock Market Reacts Negatively to Obama's re-election

whatever you do don't pull troops out of europe!

my sarcasm radar isn't functioning. Are you being serious?

Brother Simon, Keeper of Ages, Defender of Faith.
~ ☭ Fokker

Re: Stock Market Reacts Negatively to Obama's re-election

> Genesis wrote:

> They won't if congress republicans pull their head out of their butts Yell. That remains to be seen though.<<



yeah but the word on the street is they find their butts very comfortable

and their weekly radio address was suspiciously muffled

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: Stock Market Reacts Negatively to Obama's re-election

tongue

Re: Stock Market Reacts Negatively to Obama's re-election

Our troops should stay in Europe. That way we can rapidly respond to an election resulting in a communist takeover of a European government.

Re: Stock Market Reacts Negatively to Obama's re-election

Communists? Shouldn't we worry more about neo-nazis in the Hellenic Republic?

Brother Simon, Keeper of Ages, Defender of Faith.
~ &#9773; Fokker

21 (edited by Justinian I 19-Nov-2012 05:28:20)

Re: Stock Market Reacts Negatively to Obama's re-election

And other extremists too. We all know European countries are threatened by extremism. For example, Sweden's government has been hijacked by radical feminists since 1999.

Re: Stock Market Reacts Negatively to Obama's re-election

"That's the thing though, he isn't pushing for higher taxes. Don't you watch the news?"

Said the most ignorant, illiterate, deaf man on the earth, ever? Do you want me to link you to times he's called for it? I could find you hundreds of links within an hour or two. Hundreds. And you claim 0? He's literally called for higher taxes this week. He's called for higher taxes last week. The only times he hasn't called for higher taxes, he hasn't spoken.

Add to this his claims of desiring deficit reduction and basic math skills, and you can logically conclude with certainty that he wants higher taxes on all, not just high earners. It's absolutely necessary to meet his claimed goals of deficit reduction.

And even if you discount his claims of desiring deficit reduction, there's the accounting certainty that debts will be payed, one way or another. That amounts to, without reducing spending or increasing taxes, printing money. Which is effective taxation.

So, literally, any way you want to look at it, he wants to raise taxes. And, even without using one's brain to understand what I just explained--that he wants to effectively increase taxes, NO MATTER WHAT--there's the simple fact that he's literally said, hundreds of times, he wants to increase taxes. Not complicated. It's not a contentious issue to recount what he's said. Are you high? Seriously, I seek knowledge of what's led you to say such an astoundingly ignorant, factually false statement.

"It's also gone up over 4,000 points since he took office in 2009, so his effect on the stock market is still quite a ways in the black."

This is about the most massive over-generalization ever. Do you understand the effects on the markets when the Fed prints money? Do you understand that even people increasing their worth in dollars lose? Do you understand who gets rich when the Fed hands them money? It's not the American people. Pure dollars invested in the markets are not inherently a sign of economic health or stability when trillions of those dollars are freshly-minuted Fed handouts.

Obama could print more and have the markets rise again tomorrow, but it'd be a bad thing for everyone in America and everyone (other than his cronies) invested in the market.

"I hope you're not saying raising taxes on the wealthy and lowering them for middle class families and small businesses is a tax increase. Because then I'll be very angry at you."

That depends on the metrics of how much he raised them on what levels of income. Duh. I hope you didn't just overgeneralize that... nevermind. You did. Complete nonsense.

You'll be angry at someone for doing real math and evaluating the truth, as opposed to propaganda and class warfare? Enough said.

"They won't if congress republicans pull their head out of their butts Yell. That remains to be seen though."

They will either way--they're demanding to. Plus, they already have. Do you have any idea what you're talking about? Or do you just make stuff up on the presumption that we're stupid and we can't cite sources for all of the increases already enacted during Obama's presidency, with his signature, and his proposals for more increases? Rhetorical question, FYI.

[I wish I could obey forum rules]

Re: Stock Market Reacts Negatively to Obama's re-election

Has no one in this country taken a basic economics course?  We should have raised taxes 8 years ago when Bush was cutting them.... do you know what happens when you increase the government spending and decrease the money going in....deficit!  Conservatives continually talk about decreasing the budget in order to decrease the deficit, and it would to a point, but if we are ever going to begin digging ourselves out of this hole we will need to both increase government revenue and decrease the spending, doing one or the other isn't sufficient.

A lady just came in complaining about how she didn't want to pay her taxes, but she wished that she could get more foodstamps.  If my desk wasn't in the way I would have strangled her.

<KT|Away> I am the Trump of IC

Re: Stock Market Reacts Negatively to Obama's re-election

economic growth leads to higher revenues regardless of rates
the question is whether lower rates can spur economic growth
Reagan showed it could, there was no loss of revenue

the notion of "cost" of a tax rate cut comes from the silly presumption that you can KNOW what degree of profit would be occurring without a tax cut, and then, assign the govt its share.  You can't.
In the 1980s Senator John Kyl asked the Congressional Budget Office to project the 10 year revenue from a proposed 100% tax rate.   I forget what their answer was - but it didn't matter; they showed revenue coming in every year for 10 years.  Kyl did that to show the CBO can't estimate the effect of tax rates on growth.  Nobody can.  Look at Clinton's 10 year budget figures from 2000 and compare with 2010's economy...

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: Stock Market Reacts Negatively to Obama's re-election

Haven't the past few years established that in this climate tax cuts aren't creating an increase in spending great enough to create the revenue needed?

<KT|Away> I am the Trump of IC