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lonestar
11-08-2012, 12:59 AM
Now this might have been reported elsewhere but thought it deserved its own thread and since I do not see it on the first full page of WRP posts. here it is..


JeeYeon Park , CNBC

Dow closes below 13,000 for first time since August



Stocks took a sharp nosedive in a post-election selloff Wednesday, with the Dow logging its biggest decline in nearly a year, prompted by concerns over the looming "fiscal cliff" and amid renewed worries over Europe's weak economy.

The Dow closed below 13,000 for the first time since early August, while the S&P 500 finished below 1,400. (Read More: Top Post-Election Market Declines)

“It’s now how quickly we can focus on the ‘fiscal cliff’ and coming up with a resolution—that's certainly the next item on the agenda for the market,” said Art Hogan, managing director of Lazard Capital Markets. "And you still have Europe."

The Dow Jones Industrial Average was down more than 300 points in its biggest one-day drop in almost a year, dragged heavily by Bank of America and JPMorgan.

The S&P 500 and the Nasdaq also finished sharply lower. The CBOE Volatility Index, widely considered the best gauge of fear in the market, jumped near 19.

All key S&P sectors ended firmly in the red, led by energy and financials.

Apple fell more than 3 percent, pushing the tech giant down a jaw-dropping 20 percent from its all-time high of $705.07 in mid-September. The stock is now trading in bear market territory.

Obama was re-elected president Tuesday night, put over the top by the crucial battleground state of Ohio following the most expensive election in U.S. history.

Meanwhile, ratings agency Fitch said Obama needs to move quickly to avoid the "fiscal cliff," adding that failure to address the issue would likely result in a downgrade in 2013. Moody's said it would make a decision following the budget negotiations, though going over the "fiscal cliff" would not immediately trigger a downgrade.

Wall Street had favored Romney and the Republican ticket in part because it preferred their approach of retaining tax cuts, and making spending cuts. The Obama Administration favors raising taxes on the richest Americans, and also increasing capital gains and dividend taxes. (Read More: Fixing 'Fiscal Cliff' Will Mean 'High, Higher' Taxes)

more at

http://www.nbcnews.com/business/dow-closes-below-13-000-first-time-august-1C6891689#__utma=238145375.667376937.1335285469.13 35285469.1352364808.2&__utmb=238145375.1.10.1352364808&__utmc=238145375&__utmx=-&__utmz=238145375.1352364808.2.1.utmcsr=%28direct%2 9|utmccn=%28direct%29|utmcmd=%28none%29&__utmv=238145375.|8=Earned%20By=msnbc|business|sto cks%20%26%20economy=1^12=Landing%20Content=Mixed=1 ^13=Landing%20Hostname=www.msnbc.msn.com=1^30=Visi t%20Type%20to%20Content=Earned%20to%20Mixed=1&__utmk=69304787

lonestar
11-08-2012, 01:04 AM
DJIA 12932.73 -312.95 -2.36%
NASDAQ 2937.29 -74.64 -2.48%
S&P 500 1394.53 -33.86 -2.37%

http://www.msnbc.msn.com/id/3032222/ns/business-stocks_and_economy/

This is a MSNBC report so it has to be a must believe for the far left..

If I'm doing the math correctly total 420+ points off in one day mostly because nobama was reelected..

lonestar
11-08-2012, 01:05 AM
discuss I'm out of here..

Drek
11-08-2012, 04:17 AM
DJIA 12932.73 -312.95 -2.36%
NASDAQ 2937.29 -74.64 -2.48%
S&P 500 1394.53 -33.86 -2.37%

http://www.msnbc.msn.com/id/3032222/ns/business-stocks_and_economy/

This is a MSNBC report so it has to be a must believe for the far left..

If I'm doing the math correctly total 420+ points off in one day mostly because nobama was reelected..

Do you actually pay attention to why things happen or do you just check the GOP talking points and run with it?

FYI, the market actually rallied back a little in late trading and the reason why it went into free fall in the morning was largely due to bank stocks tumbling.

Why would bank stocks, a group Obama has been notoriously nice to by even right wing accusations, tank so hard because he got re-elected?

Maybe it has something to do with the EU outright stating before trading opened that they expect ZERO growth all next year. Also, that they expect Germany's economic growth to start tailing off.

The big losers yesterday were primary companies like Bank of America and JP Morgan, who are leveraged heavily in European holdings to the tune of TRILLIONS of dollars each. They just got a heads up that those values won't get better for at least a year, when they're already all hanging on the verge of going junk status, and the nation bankrolling what recovery they're seeing is now likely being drug down by it's surroundings and going to run out of disposable income soon.

Couple that with only really just getting into the Sandy trading effect, which is going to cost a lot of major companies tons of infrastructure cost and lost man hours to recover from.

Simple economics man. Our market is too heavily tied to Europe's.

Rohirrim
11-08-2012, 04:24 AM
discuss I'm out of here..

Seems like every day you come in here and tell everybody how superior you are to them and how you're not coming back into this forum ever again. When's that going to start?

cutthemdown
11-08-2012, 04:46 AM
Investors will sell off all yr before they make the deal to avoid sequestrtation. I doubt the market finishes stong this yr but maybe consumer confidence will boost retail sales enough over the holidays. Retail doing well actually really helps the lower and middle because they work a lot in those areas. Investors not happy about Obama winning though why would liberals argue otherwise. He wants to raise tax on things like capitial gains and income. Your stance is that raising it will be good because govt will have more money to invest in the public sector.

ghwk
11-08-2012, 07:08 AM
discuss I'm out of here..

Permanently we all hope.

lonestar
11-08-2012, 08:22 AM
Do you actually pay attention to why things happen or do you just check the GOP talking points and run with it?

FYI, the market actually rallied back a little in late trading and the reason why it went into free fall in the morning was largely due to bank stocks tumbling.

Why would bank stocks, a group Obama has been notoriously nice to by even right wing accusations, tank so hard because he got re-elected?

Maybe it has something to do with the EU outright stating before trading opened that they expect ZERO growth all next year. Also, that they expect Germany's economic growth to start tailing off.

The big losers yesterday were primary companies like Bank of America and JP Morgan, who are leveraged heavily in European holdings to the tune of TRILLIONS of dollars each. They just got a heads up that those values won't get better for at least a year, when they're already all hanging on the verge of going junk status, and the nation bankrolling what recovery they're seeing is now likely being drug down by it's surroundings and going to run out of disposable income soon.

Couple that with only really just getting into the Sandy trading effect, which is going to cost a lot of major companies tons of infrastructure cost and lost man hours to recover from.

Simple economics man. Our market is too heavily tied to Europe's.

First I did not get it from a GOP talking points. Got the idea to check it out after watching the NYC News on abc7 and the CBS station was checking out the weather.

Did a simple google search and it took me to the msnbc and NBC web sites which I quoted. To y'all libs both irrefutable sources.

In neither story did I come to the same conclusion that you obviously must have got from your progressive talking points email this morning.

Did you ever stop to think that the europeean markets are tied to our political cycle.

That the very small rally was smart folks real businessmen were buying values.
That it was not tied to your boi getting elected.

Everything I have seen or read pointed this mini crash to that last fact.

But then you stick your head back in the sand till this time in 2014. I'm sure it will be corrected then, and y'all will all be sad at that point.

Till then see You.

lonestar
11-08-2012, 08:45 AM
Seems like every day you come in here and tell everybody how superior you are to them and how you're not coming back into this forum ever again. When's that going to start?

Just about now.

Oh I see the superior card. Talk about pot calling kettle black that is rich.

Yes IMO I am superior, making about a hundred grand a year off of investments and have almost zero expenses the houses (2) and cars (3) all paid for. So it is just the day to day expenses such as utilities, real estate taxes insurance on my property.

Sitting here in retirement while y'all are either 47% ters* or busting your balls trying to keep your heads above water. So do I feel superior.. You got me.

Tired of coming here to point out the erros of your ways. 90% of the liberals in this area are nothing but talking points reguritatars, cartoon bois or unable to say anything coherent without name calling.

So please have a ball, y'all can just circle jerk yourselves till the next election. Since this is such a high class political forum and all.

* now the reason I say that normal working people would not have the time to spend on a football forum talking liberal politics if y'all were not on some kind of government hand outs. Or your simply inheierted your miney and do not have to work. The later is unlikely so it must be a third option your doing this from work which means your not doing your work and stealing from your employer.

So yes, I think I can leave because no one will benefit from anything I have to say.

razorwire77
11-08-2012, 08:47 AM
Do you actually pay attention to why things happen or do you just check the GOP talking points and run with it?

FYI, the market actually rallied back a little in late trading and the reason why it went into free fall in the morning was largely due to bank stocks tumbling.

Why would bank stocks, a group Obama has been notoriously nice to by even right wing accusations, tank so hard because he got re-elected?

Maybe it has something to do with the EU outright stating before trading opened that they expect ZERO growth all next year. Also, that they expect Germany's economic growth to start tailing off.

The big losers yesterday were primary companies like Bank of America and JP Morgan, who are leveraged heavily in European holdings to the tune of TRILLIONS of dollars each. They just got a heads up that those values won't get better for at least a year, when they're already all hanging on the verge of going junk status, and the nation bankrolling what recovery they're seeing is now likely being drug down by it's surroundings and going to run out of disposable income soon.

Couple that with only really just getting into the Sandy trading effect, which is going to cost a lot of major companies tons of infrastructure cost and lost man hours to recover from.

Simple economics man. Our market is too heavily tied to Europe's.

That's where you lost him. Ben Bernanke, Timothy Geithner, Alan Krueger, Obama are all super cereal Socialists, Communist, Marxists that are ruining the global economy. They are also poopy heads.

DenverBrit
11-08-2012, 09:07 AM
The so called 'fiscal cliff' has had an effect and that had a lot to do with a stubborn congress and the previous 'downgrade' caused by partisan politics.

The other issues include the perception that Romney would have been better for Wall St.

How about pointing to the market's 60% increase during Obama's first term........ah, never mind.

Meck77
11-08-2012, 09:33 AM
Do you actually pay attention to why things happen or do you just check the GOP talking points and run with it?

FYI, the market actually rallied back a little in late trading and the reason why it went into free fall in the morning was largely due to bank stocks tumbling.

Why would bank stocks, a group Obama has been notoriously nice to by even right wing accusations, tank so hard because he got re-elected?

Maybe it has something to do with the EU outright stating before trading opened that they expect ZERO growth all next year. Also, that they expect Germany's economic growth to start tailing off.

The big losers yesterday were primary companies like Bank of America and JP Morgan, who are leveraged heavily in European holdings to the tune of TRILLIONS of dollars each. They just got a heads up that those values won't get better for at least a year, when they're already all hanging on the verge of going junk status, and the nation bankrolling what recovery they're seeing is now likely being drug down by it's surroundings and going to run out of disposable income soon.

Couple that with only really just getting into the Sandy trading effect, which is going to cost a lot of major companies tons of infrastructure cost and lost man hours to recover from.

Simple economics man. Our market is too heavily tied to Europe's.

The stock market is correcting because Obama won which means higher taxes on stocks next year. Simple economics. I don't mess with stocks anymore but I did short the market as it was painfully obvious what would happen after it reached it's peak not long ago.

Thanks obama. Meck is going to get a new pair of shoes.

You guys want to push for new taxes yet Trillions of net worth will be wiped away from the middle class/401ks etc as the market slides.

I guess the good things is Obama/Fed no longer have excuses for their failing economic policies. When the welfare checks get cut it's going to get real interesting.

DenverBrit, the so called appreciation you speak of is a result of bogus quantitative easing. See Gold.

Rohirrim
11-08-2012, 09:39 AM
Just about now.

Oh I see the superior card. Talk about pot calling kettle black that is rich.

Yes IMO I am superior, making about a hundred grand a year off of investments and have almost zero expenses the houses (2) and cars (3) all paid for. So it is just the day to day expenses such as utilities, real estate taxes insurance on my property.

Sitting here in retirement while y'all are either 47% ters* or busting your balls trying to keep your heads above water. So do I feel superior.. You got me.

Tired of coming here to point out the erros of your ways. 90% of the liberals in this area are nothing but talking points reguritatars, cartoon bois or unable to say anything coherent without name calling.

So please have a ball, y'all can just circle jerk yourselves till the next election. Since this is such a high class political forum and all.

* now the reason I say that normal working people would not have the time to spend on a football forum talking liberal politics if y'all were not on some kind of government hand outs. Or your simply inheierted your miney and do not have to work. The later is unlikely so it must be a third option your doing this from work which means your not doing your work and stealing from your employer.

So yes, I think I can leave because no one will benefit from anything I have to say.

Well, like they say, the GOP is full of angry old white men, which I guess is why they are losing elections. Not exactly a "growth industry." ;D

Anyway, you just keep feeding yourself whatever little delusions your hate requires. Whatever keeps you happy. :wave:

Rohirrim
11-08-2012, 09:41 AM
The stock market is correcting because Obama won which means higher taxes on stocks next year. Simple economics. I don't mess with stocks anymore but I did short the market as it was painfully obvious what would happen after it reached it's peak not long ago.

Thanks obama. Meck is going to get a new pair of shoes.

You guys want to push for new taxes yet Trillions of net worth will be wiped away from the middle class/401ks etc as the market slides.

I guess the good things is Obama/Fed no longer have excuses for their failing economic policies. When the welfare checks get cut it's going to get real interesting.

DenverBrit, the so called appreciation you speak of is a result of bogus quantitative easing. See Gold.

I think we should cut federal spending to the bone. We can start with all that welfare going to the red states. Too long have they suckled the federal tit.

L.A. BRONCOS FAN
11-08-2012, 10:05 AM
Permanently we all hope.

We need him to stick around to keep helping Democrats win elections. :~ohyah!:

Meck77
11-08-2012, 10:21 AM
I think we should cut federal spending to the bone.

Couldn't agree more. Can't tell you how many people I know who have stopped looking for a job and gone on food stamps just because they could get them. I'm talking guys that were once making 75k a year now getting food stamps. It's freaking insane.

I think now that Obama got the job again they'll tighten that up and basically give the welfare a big FU. It's coming.

Rohirrim
11-08-2012, 10:31 AM
"It's all about the fiscal cliff," said David Joy, chief market strategist at Ameriprise Financial, AMP -0.46% which oversees $675 billion in assets. "The longer this uncertainty goes on, the more it will weigh on economic activity and investment decision-making. It's just going to have a chilling effect."
http://online.wsj.com/article/todays_markets.html

DenverBrit
11-08-2012, 11:00 AM
The stock market is correcting because Obama won which means higher taxes on stocks next year. Simple economics. I don't mess with stocks anymore but I did short the market as it was painfully obvious what would happen after it reached it's peak not long ago.

Thanks obama. Meck is going to get a new pair of shoes.

You guys want to push for new taxes yet Trillions of net worth will be wiped away from the middle class/401ks etc as the market slides.

I guess the good things is Obama/Fed no longer have excuses for their failing economic policies. When the welfare checks get cut it's going to get real interesting.

DenverBrit, the so called appreciation you speak of is a result of bogus quantitative easing. See Gold.

What 'so called appreciation'?

houghtam
11-08-2012, 11:25 AM
Just about now.

Oh I see the superior card. Talk about pot calling kettle black that is rich.

Yes IMO I am superior, making about a hundred grand a year off of investments and have almost zero expenses the houses (2) and cars (3) all paid for.

This says it all right here.

"Superior" does not equal "have more money".

No wonder you voted Republican.

Paladin
11-08-2012, 11:39 AM
So yes, I think I can leave because no one will benefit from anything I have to say.



Best. Post. Ever.


Don't let the door......

L.A. BRONCOS FAN
11-08-2012, 11:50 AM
^

Lone Nut: All he does is help Dems win elections. Ha!

TonyR
11-08-2012, 12:07 PM
Yes IMO I am superior, making about a hundred grand a year off of investments and have almost zero expenses the houses (2) and cars (3) all paid for. So it is just the day to day expenses such as utilities, real estate taxes insurance on my property.

^ I think you're FOS, but of course there's not way to prove it either way. Tell us what a few of those investments are and how you acquired them. That would be a start.



Tired of coming here to point out the erros of your ways.

LOL This is priceless! You and your buddies have been coming here for months telling us how right you are. The rest of them have all but disappeared since they've been proven so wrong. Home licking their wounds. And I'm sure you're all still immersing yourselves in the same info sources that proved so wrong and out of touch leading up to this election. Denial is a powerful drug!

Cito Pelon
11-08-2012, 01:32 PM
I think a good deal of investor pessimism has to do with the GOP again will try to obstruct the "Grand Bargain". Which is really needed.

Cito Pelon
11-08-2012, 01:35 PM
"It's all about the fiscal cliff," said David Joy, chief market strategist at Ameriprise Financial, AMP -0.46% which oversees $675 billion in assets. "The longer this uncertainty goes on, the more it will weigh on economic activity and investment decision-making. It's just going to have a chilling effect."
http://online.wsj.com/article/todays_markets.html

Yup.

Cito Pelon
11-08-2012, 01:44 PM
I've been listening to the radio, reading the papers, and the GOP power guys, the talking heads, they're saying "We didn't really lose, because our message still hit home here and there".

What I'm worried about is the GOP will try to obstruct anything positive just to "win" sometime down the road.

lonestar
11-08-2012, 03:52 PM
So yes, I think I can leave because no one is smart enough to benefit from anything I have to say.



Best. Post. Ever.


Don't let the door......

Since I really did not say that. And you are unable even quote correctly.

I felt Like it was worth fixing the your fubar.

****ing morons

Garcia Bronco
11-08-2012, 03:54 PM
this just means that it's a good time to buy, but you could have set your watch to this ****. I think Drek has some pretty good analysis on the situation in addition to the outcome of the election.

L.A. BRONCOS FAN
11-08-2012, 04:08 PM
****ing morons

Says the delusional idiot who turned out to be wrong about everything.

https://sphotos-a.xx.fbcdn.net/hphotos-ash3/530713_10151310247371125_293164683_n.jpg

cutthemdown
11-08-2012, 05:01 PM
wow dow down another 100 plus points and almost a full 1%. Hopefully this is just a short sell off and soon it will level off or something. Also s&p down, Nasd down.

They better make a deal on the sequestration and fast. Really dems have no power to do it like they want. Election changed nothing the country still left repub in the house which we all know has a lot of power.

Repubs aren't going to let you raise tax. They will say the 48% popular vote, and them retaining the house, is enough of a message that the country doesn't want higher taxes. Obama won on womens issues and the Latino vote. Neither of which is a mandate for higher taxes.

Obama not in as great of a spot as people think. Economy will tank if he doesn't deal.

cutthemdown
11-08-2012, 05:02 PM
Obama in a way worst spot right now then 4 yrs ago. I feel sorry for him almost because that sequestration is like a chain around his neck with a time bomb on it. He doesn't have time to play hardball with the House. He has to deal and deal fast. No way he gets all the tax raising he wants.

Rohirrim
11-08-2012, 05:21 PM
Says the delusional idiot who turned out to be wrong about everything.

https://sphotos-a.xx.fbcdn.net/hphotos-ash3/530713_10151310247371125_293164683_n.jpg

Good ole Rachel. :thumbs:

DenverBrit
11-08-2012, 05:28 PM
wow dow down another 100 plus points and almost a full 1%. Hopefully this is just a short sell off and soon it will level off or something. Also s&p down, Nasd down.

They better make a deal on the sequestration and fast. Really dems have no power to do it like they want. Election changed nothing the country still left repub in the house which we all know has a lot of power.

Repubs aren't going to let you raise tax. They will say the 48% popular vote, and them retaining the house, is enough of a message that the country doesn't want higher taxes. Obama won on womens issues and the Latino vote. Neither of which is a mandate for higher taxes.

Obama not in as great of a spot as people think. Economy will tank if he doesn't deal.

Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??

The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!

Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.

Why is this fiscal fact of life so difficult for some to grasp?

chadta
11-08-2012, 05:29 PM
Economy will tank if he doesn't deal.



https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/548977_382213675187896_1193744317_n.jpg

Who needs an economy when you have weed and gay marriage

side note, I think the OP belongs in the 6 biggest overreactions thread

cutthemdown
11-08-2012, 06:42 PM
I think a good deal of investor pessimism has to do with the GOP again will try to obstruct the "Grand Bargain". Which is really needed.

What will Obamas deal be? How can the markets know until he unviels what he is willing to offer repubs to get it done. Repubs already said we will close loopholes to raise revenue, along with spending cuts. So that right there is saying no to raising capital gains, housholds making 250 grand. What will obamas counter offer be?

cutthemdown
11-08-2012, 06:45 PM
Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??

The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!

Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.

Why is this fiscal fact of life so difficult for some to grasp?

Nothing has changed. Repubs will still fight raising taxes. 48% of the country and enough to give them the house said they want that. That is enough to make them fight right there. I haven't seen one thing on Obamas side, or the repub side, that tells me positions have changed. Point out to me where Obama can force a repub house to raise taxes.

cutthemdown
11-08-2012, 06:48 PM
Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??

The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!

Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.

Why is this fiscal fact of life so difficult for some to grasp?

Losing 400 points in 2 days actually pretty bad. Whatever though keep dreaming that you achieved enough power to get the tax raising just like you want it. Repubs are going to fight it. Obama has more to lose then them now. Obama being quiet because IMO he is going to cave on a bunch of what he wants to get a deal on sequestration. He doesnt have to worry about pissing off liberals, while repubs still have a lot to worry about and more reason to fight. IMO Obama instead of playing hardball, will come right and make a deal that isn't his tax raise on 250 grand and up.

DenverBrit
11-08-2012, 07:08 PM
Losing 400 points in 2 days actually pretty bad. Whatever though keep dreaming that you achieved enough power to get the tax raising just like you want it. Repubs are going to fight it. Obama has more to lose then them now. Obama being quiet because IMO he is going to cave on a bunch of what he wants to get a deal on sequestration. He doesnt have to worry about pissing off liberals, while repubs still have a lot to worry about and more reason to fight. IMO Obama instead of playing hardball, will come right and make a deal that isn't his tax raise on 250 grand and up.

What is this supposed to mean? What power did I dream about getting??

This is about fiscal policy, not some dumbass partisan bs.

No recession....especially one this bad, has ever turned around by cuts alone, it needs revenue as well. Romney, wanted to cut more revenue and increase defense spending that would add $7 trillion to the deficit, and he claimed he would balance it with closing unspecified tax loopholes.
That fairy tale was obvious bull**** to everyone but the rubes who thought he had the answer and voted for him.

It's basic economics, but the GOP/Tea Party ignore reality and focus on ideology.

Jetland
11-08-2012, 07:15 PM
Since I really did not say that. And you are unable even quote correctly.

I felt Like it was worth fixing the your fubar.

****ing morons

yes, yes you did say that

TonyR
11-08-2012, 08:11 PM
Nothing has changed.

Yes, something has changed. Obama can't be re-elected in 2016 so the GOP has a little bit less incentive for him to fail, and therefore less incentive to obstruct everything. It's now time for them to start worrying about their own jobs.

BroncoBeavis
11-08-2012, 08:20 PM
What is this supposed to mean? What power did I dream about getting??

This is about fiscal policy, not some dumbass partisan bs.

No recession....especially one this bad, has ever turned around by cuts alone, it needs revenue as well. Romney, wanted to cut more revenue and increase defense spending that would add $7 trillion to the deficit, and he claimed he would balance it with closing unspecified tax loopholes.
That fairy tale was obvious bull**** to everyone but the rubes who thought he had the answer and voted for him.

It's basic economics, but the GOP/Tea Party ignore reality and focus on ideology.

I love how all federal spending is graded as prime Keynesian pump lubing necessary for growth. Except for defense spending. That has no effect obviously because nobody works for the military or military contractors.

If you believed your own theories you'd say "We can't AFFORD to cut defense spending"

Bacchus
11-08-2012, 08:38 PM
I love watching the stockmarket go down. All the big banks the free money days are over. Now you might have to actually go back and invest in THINGS to make a profit.

Anyway it will drop for a week or so, all the republitards will panic and then it will go back up.

cutthemdown
11-08-2012, 09:00 PM
Yes, something has changed. Obama can't be re-elected in 2016 so the GOP has a little bit less incentive for him to fail, and therefore less incentive to obstruct everything. It's now time for them to start worrying about their own jobs.

You could just as easily say Obama doesn't have to run again, can go against the far left and come right. Much like Clinton did 2nd term to work with the right.

cutthemdown
11-08-2012, 09:04 PM
I love watching the stockmarket go down. All the big banks the free money days are over. Now you might have to actually go back and invest in THINGS to make a profit.

Anyway it will drop for a week or so, all the republitards will panic and then it will go back up.


what has changed to the corp tax structure that will make companies not want to offshore their foreign profits? Clinton talked about changing them, so did Romney, but not a peep from Obama how he plans to get those trillions sitting overseas to America. IMO that all we need to fix to increase revenue.

Drop the rate and make it profitable for companies to bring money home earned in overseas markets. Set the rate really low because they already had to pay tax on the country they did business in. Thats why they dont ever bring those profits home.

DenverBrit
11-08-2012, 09:31 PM
I love how all federal spending is graded as prime Keynesian pump lubing necessary for growth. Except for defense spending. That has no effect obviously because nobody works for the military or military contractors.

If you believed your own theories you'd say "We can't AFFORD to cut defense spending"

Which 'theories' are we talking about??

El Minion
01-19-2013, 01:50 PM
Dow, S&P 500 close at 5-year highs (http://money.cnn.com/2013/01/18/investing/stocks-markets/)

http://i2.cdn.turner.com/money/dam/assets/130118090019-dow-5yr-jan-18-monster.png

After a mostly flat trading day, the Dow and S&P 500 climbed during the last hours of trading Friday to finish the week at their highest levels since December 2007....[continued (http://money.cnn.com/2013/01/18/investing/stocks-markets/)]

DenverBrit
01-19-2013, 03:31 PM
The Dow and S&P have had a stellar recovery. :thumbs:

Let's see if the idiots in the House can avoid ****ing it up by NOT playing politics with the debt ceiling!

Fedaykin
01-19-2013, 03:40 PM
The Dow and S&P have had a stellar recovery. :thumbs:

Let's see if the idiots in the House can avoid ****ing it up by NOT playing politics with the debt ceiling!

BTW, for the trickle downers here: The stock markets recovering the way they have demonstrates undeniably that there is no problem whatsoever with capital (i.e. money in the hands of the "job creators") in the economy.

Anyone with at least half a brain can put that 2+2 together.

mhgaffney
01-19-2013, 04:52 PM
I think we should cut federal spending to the bone. We can start with all that welfare going to the red states. Too long have they suckled the federal tit.

As usual, Ro gives the war machine a pass.

A trillion a year for war without end -- is one of the big reasons for the present crisis. Military spending produces the fewest number of jobs per dollar spent than any other kind of expenditure.

Not to mention the drug trafficking, the remote control murder of marriages and funerals, the corrupt big contractors, and the many other ways this spending has undermined our political system.

MHG

frerottenextelway
02-01-2013, 12:18 PM
Bump

DenverBrit
02-01-2013, 01:10 PM
Bump

A good day to bump. Dow goes over 14000 for the first time since 07.

It looks a little overbought though, we'll probably get a minor correction sometime down the road.

5%-15% is what I am getting from some good sources, but I'm a happy camper for now.

peacepipe
02-01-2013, 01:21 PM
You could just as easily say Obama doesn't have to run again, can go against the far left and come right. Much like Clinton did 2nd term to work with the right.
Clinton didn't have a choice with both houses controled by Republicans.
Obama has better leverage than what Clinton did his 2nd term.

Requiem
02-01-2013, 01:33 PM
I'm up 5 trillion.