I guess obama was telling the truth, his work isnt done yet

Economy needs correcting due to everyone bitchin. Greed bad and Campbell's soup good. Enjoy a hot bowl before the shit hits the fan.

Expected 10% loss in stock market by early next year due to obama request for dividend tax rate of 25% rather than current 15% cap. By the middle of this month the sell offs will be crazy. -300 is just a start.

Economy is already feeling the effect of the stoppage of Republican robocalls and carpetbombing the US postal system and the media airwaves.

I always love these posts about the impending doom that is about to hit the market because of Obama. Wasn't it just a few weeks ago were were told about the extreme sell-off that was going to happen on a Monday?

I'm sure there will be a lot of opportunistic selling by people who absolutely need to get their profits in before capital gains rates go up. But those people have flawed investment strategies anyway.

Besides, the stock market is not the end-all and be-all of our economy, and there is arguably a significant amount of inflationary pressure caused by an overheated stock market. It would be nice for a slow, managed readjustment of the market, but sometimes we get it in sudden bursts. Oh well.

Bubbles tend to burst Wrote:
-------------------------------------------------------
> I'm sure there will be a lot of opportunistic
> selling by people who absolutely need to get their
> profits in before capital gains rates go up. But
> those people have flawed investment strategies
> anyway.


Not true. At 15% tax its worth the risk, the higher the tax the lower the potential gain. Raising the tax rate on it will just make a lot of people say its no longer worth risking the money

econ 101 Wrote:
-------------------------------------------------------
> Not true. At 15% tax its worth the risk, the
> higher the tax the lower the potential gain.
> Raising the tax rate on it will just make a lot of
> people say its no longer worth risking the money

And the alternative would be?

econ 101 Wrote:
-------------------------------------------------------
> Bubbles tend to burst Wrote:
> --------------------------------------------------
> -----
> > I'm sure there will be a lot of opportunistic
> > selling by people who absolutely need to get
> their
> > profits in before capital gains rates go up.
> But
> > those people have flawed investment strategies
> > anyway.
>
>
> Not true. At 15% tax its worth the risk, the
> higher the tax the lower the potential gain.
> Raising the tax rate on it will just make a lot of
> people say its no longer worth risking the money


That makes absolutely no sense. So you're saying that all money will be taken out of the market because it is no longer feasible to invest in companies?

Good lord, you watch too much Fox News. That is the most ridiculous idea ever.

The people who believe it is no longer worth risking the money most likely have less than a million in the market, and yes, for them it could make or break their profitability, in the short term.

However, the market adjusts to all the information available to it. Go look at the entire DJIA chart going back to 1950. It always trends up, and always will. That is the basis of the markets, when you get right down to it.

Coming soon: Dow regains 300 points.

Chill the fuck out.

--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.

Taking my ball and going home Wrote:
-------------------------------------------------------
> econ 101 Wrote:
> --------------------------------------------------
> -----
> > Bubbles tend to burst Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > I'm sure there will be a lot of opportunistic
> > > selling by people who absolutely need to get
> > their
> > > profits in before capital gains rates go up.
> > But
> > > those people have flawed investment
> strategies
> > > anyway.
> >
> >
> > Not true. At 15% tax its worth the risk, the
> > higher the tax the lower the potential gain.
> > Raising the tax rate on it will just make a lot
> of
> > people say its no longer worth risking the
> money
>
>
> That makes absolutely no sense. So you're saying
> that all money will be taken out of the market
> because it is no longer feasible to invest in
> companies?
>
> Good lord, you watch too much Fox News. That is
> the most ridiculous idea ever.
>
> The people who believe it is no longer worth
> risking the money most likely have less than a
> million in the market, and yes, for them it could
> make or break their profitability, in the short
> term.
>
> However, the market adjusts to all the information
> available to it. Go look at the entire DJIA chart
> going back to 1950. It always trends up, and
> always will. That is the basis of the markets,
> when you get right down to it.


No, it doesn't always go up. For most 'boomers' with money in the market now who started invessting in the 80s-90s, they've been through three large drops and they're down about 30% in real dollar terms. The Dow and S&P indices still haven't recovered to where we were prior to the crash. NASDAQ is still a long way down from where it was prior to the previous .com crash.

Yes, people do at some point decide that it's just not worth the risk and pull their money back. Look at how much money has been pulled from stock funds in the last few years. About $60 billion this year to date and $45 billion last year. The fastest growing asset class are fixed income investments and, between perceived higher risk and potentially higher taxes on top, people are happy sitting in cash and other low-risk investments to the point of actually losing money sitting in treasuries. Lots of people have taken their ball and gone home already.

Capital gains rates affect more than the tax rate for individuals. An increase in the rate directly increases the cost of capital in capital markets since investors simply factor that cost into the overall risk equation and the cost gets passed on.

Cap gains and dividend taxes already are slated to go up in 2013 for those making over 200K/250K to 23.8% and 43.4% as a result of Obamacare, along with a higher threshold for medical deductions from 7% to 10% and higher payroll taxes which hit self-employed particularly hard since we pay both sides.

Taking my ball and going home Wrote:
-------------------------------------------------------

> That makes absolutely no sense. So you're saying
> that all money will be taken out of the market
> because it is no longer feasible to invest in
> companies?

The big money will move back into safe havens like muni bonds, the blue chips will not appeal to them. The average American who has a 401k doesnt have that option unless they move into treasury bonds which pay next to nothing so the 401k does not grow as needed. If they put future investments into funds which mirror the S & P 500 it dooms them to failure over the next ten years.

You can believe that BS about over time the DOW will give you a 10% return but those are based on fifty year averages. Unless you want to keep working for fifty years you better have a plan B.

Some companies beat the street today.

Sturm Ruger & Company Inc
(NYSE: RGR)

47.68 + $3.04 or +6.81%

Yeah, and house prices will always go up too.

lol

The next gun show at Dulles Nov 16 - 18 will be a vendors dream. Can't wait to see the gouging that goes on. Better bring cash at least you have some bargaining power.

on the plus side Wrote:
-------------------------------------------------------
> The next gun show at Dulles Nov 16 - 18 will be a
> vendors dream. Can't wait to see the gouging that
> goes on. Better bring cash at least you have some
> bargaining power.


I've always had good luck getting what I need online and getting them shipped to my local gun shop for me to pick up. Why waste time haggling?

bye bye 401k Wrote:
-------------------------------------------------------
> I guess obama was telling the truth, his work isnt
> done yet


Market up almost 100% since he took over. Now go pray to your Carl Rove poster chanting make it go away, make it go away, .....

Hey Stupid Wrote:
-------------------------------------------------------
> bye bye 401k Wrote:
> --------------------------------------------------
> -----
> > I guess obama was telling the truth, his work
> isnt
> > done yet
>
>
> Market up almost 100% since he took over. Now go
> pray to your Carl Rove poster chanting make it go
> away, make it go away, .....


Only in the minds of idiots like you who believe campaign bullshit.

And it's still down from where it was prior to.

Not that the President has a whole hell of a lot to do with it anyway.

The economy needs a correction. Obama ran up the market to 12,000 from 6000. Plus Greece has problems that are due.

Most are also restructuring portfolio's away from defense spending.

Obamas promise to punish the rich is more than just feel good rhetoric. He means it and started by promising his first act would be to tax dividends at 25% up from 15%. The revenue collected from this 10% increase will have no effect on the Federal debt when the debt stands at 16 trillion dollars. It will cause people to move their 401k's into bond funds and treasurys where they were earn very little but better than losing.

Once in those funds little wealth will be generated and the balance will hardly go up causing people to stay in the work place longer. Thus freezing up the job market for the just graduated from college crowd.

I'd say after the election it's normal for business to slow down, but we bounce back with the holiday spending. Plus some of these stocks like apple and Facebook were way over priced. But once again I say the holidays will even bring those 2 up some. Oil was $85, that will bring people out to wear out there cars and need new ones. Nows the time when you can get the best deals on the things you always wanted.

300 points is only about 2.4% decline. Be realistic, this wasn't a crash, nor was it even a sell off.

Less than a 3% drop, get real Wrote:
-------------------------------------------------------
> 300 points is only about 2.4% decline. Be
> realistic, this wasn't a crash, nor was it even a
> sell off.

I would expect it to recover shortly - maybe even this week.

Big Guys with Big Bucks like to play.

Olde Farte, II Wrote:
-------------------------------------------------------
> Less than a 3% drop, get real Wrote:
> --------------------------------------------------
> -----
> > 300 points is only about 2.4% decline. Be
> > realistic, this wasn't a crash, nor was it even
> a
> > sell off.
>
> I would expect it to recover shortly - maybe even
> this week.
>
> Big Guys with Big Bucks like to play.


Yep. Right-wing fanboys are just looking for anything negative to attribute to Obama winning the election, to justify their little tantrums. (see the 4 million/400 plane tickets to Europe thread).

While looking for the big fail, they forgot (or weren't told) that there are investors who pay so little attention to politics compared to all the other points of information that they use for determining when and what to buy or sell.

Computer trading software probably doesn't have a subroutine for butthurt over Obama winning to factor in it's buying and selling algorithms.

I wonder do you really think rich people got rich by giving their wealth to the government? The IRS code isnt twelve phone books thick for nothing. Its all about exemptions, credits and deductions. While Obamas logic of we will make the rich pay for being successful sounds good to the poor and stupid it simply doesnt work. If you had a flat tax it might but that will never happen.

Henry Block Wrote:
-------------------------------------------------------
> I wonder do you really think rich people got rich
> by giving their wealth to the government? The IRS
> code isnt twelve phone books thick for nothing.
> Its all about exemptions, credits and deductions.
> While Obamas logic of we will make the rich pay
> for being successful sounds good to the poor and
> stupid it simply doesnt work. If you had a flat
> tax it might but that will never happen.


Okay, so then what's the problem? Why are you whining?

Apparently we have nothing to worry about if Obama raises the taxes on the wealthy because they won't pay those higher taxes, anyway.

Case closed. Problem solved.

Thanks for making the case against your former argument with the latter argument.

The forced austerity gradually works its way to the countries that export to Europe. The ECB said the recession had reached Germany. It's already evident throughout Europe, Japan, and China, and will come here.

It's a nice scam that the banks are running over there. They pretend to bail out the debtor countries but the debt keeps rising. Not only are the economies in Greece, Spain, and others in severe depression, but the phony bailouts are merely loans to pay off earlier loans and then some.

Lester Wrote:
-------------------------------------------------------
> The forced austerity gradually works its way to
> the countries that export to Europe. The ECB said
> the recession had reached Germany. It's already
> evident throughout Europe, Japan, and China, and
> will come here.
>
> It's a nice scam that the banks are running over
> there. They pretend to bail out the debtor
> countries but the debt keeps rising. Not only are
> the economies in Greece, Spain, and others in
> severe depression, but the phony bailouts are
> merely loans to pay off earlier loans and then
> some.


Most of what is going on in Europe is part of the long-term European Union central bank/central government plans going back to the end of World War II.

Once the lesser nations are on their knees, it will be much easier for the EU federalists to consolidate power and finalize the European Union as a central government.

They're trying to force those governments into asset sales with lucrative fees and loans for the investment banks.

Lester Wrote:
-------------------------------------------------------
> The forced austerity gradually works its way to
> the countries that export to Europe. The ECB said
> the recession had reached Germany. It's already
> evident throughout Europe, Japan, and China, and
> will come here.
>
> It's a nice scam that the banks are running over
> there. They pretend to bail out the debtor
> countries but the debt keeps rising. Not only are
> the economies in Greece, Spain, and others in
> severe depression, but the phony bailouts are
> merely loans to pay off earlier loans and then
> some.


What is it about they are broke that people don't understand? lol

It's not just the banks, the governments and central money authorities are just as guilty. They've just set up a circle of imaginary money flow that makes things look OK on paper for the time being in the hope that real economic activity will pick up quickly enough to cover their asses. The central banks pump cheap money to the banks, the banks lend more money to the governments, the governments provide support back to the banks, and around the circle again. And we're effectively playing the same game.

Greece, Spain, et. al., don't really have much choice at this point. They can go out on their own but they'll pay rates which will kill them over time and at some point become prohibitive. They can say fuck it, and go it alone. They can default. None of which are going to fix the problem without some significant pain along the way that will be equal or worse to what they face now. They don't really have much option other than austerity. We're just lucky that we're still kind of a unique case and that most of the rest of world sucks worse than us on a relative basis which has let us get away with it.

Eventually even the Chinese will not loan us money. There will come a point where they know we cannot pay the debt back and then reality will hit. S & P has already given out the warning by lowering the rating but it went right over liberals heads. Its like a teenager with a credit card, they will not stop spending until the card is either taken away or the company refuses to raise the limit.

Ruger was up another $3.00 a share. Who says democrats are not good for business. Looking forward to the gun show next week. I dont have anything on my list to buy but like roaming around seeing just how high prices have gotten.

What's going on in the markets for the past two days has less to do with the U.S. and has everything to do with Europe. Europe fears have been dragging down the world economy for the past 2 years more than anything else.

Edit: forgot the link --

http://www.guardian.co.uk/business/blog/2012/nov/08/eurozone-crisis-live-markets-central-banks



Edited 1 time(s). Last edit at 11/08/2012 03:20PM by Ito.

Of course you say this with Obama in charge. But you blame Bush for the reckless loaning practices of the private mortgage industry. A practice started by Bill Clinton under the community reinvestment act. Didnt matter that a person could not afford a home, they deserved it according to democrats.

Thus people were given loans on homes when they didnt even have a job. Home sales skyrocketed and why not when you could buy a home without a job. Its like selling everyone a car whether they had a job or not. The price of cars would rise due to demand. A few years down the road you are stuck with a bunch of repossessed cars.

This world is headed for a major depression and it cannot be stopped not by Obama nor Romney if he was elected. You cannot spend and keep spending when you do not have the means to pay it back. Obama will of course blame everyone but himself and I will agree with him, everyone is to blame but that includes him as well

you think the Dow really means anything or matters?

quit drinking the kool-aid, the stock market is a republican ploy you dumb fuck.

-thinkbox out.

Ito Wrote:
-------------------------------------------------------
> What's going on in the markets for the past two
> days has less to do with the U.S. and has
> everything to do with Europe. Europe fears have
> been dragging down the world economy for the past
> 2 years more than anything else.
>
> Edit: forgot the link --
>
> http://www.guardian.co.uk/business/blog/2012/nov/0
> 8/eurozone-crisis-live-markets-central-banks

It's been known for awhile that the EU booted the Greece problem past the just completed election at the request of the US (and probably with some other help from Bernanke). It was not known whether they would hold things together past Merkel's election next year. Things can't be solved or kicked down the road without going to the brink to extract the most concessions or being seen to have done so.

@ricky rack

I know you have just looked at the stock market for the first time in a number of months -- or perhaps since you saw a headline about another major drop, but you need to understand that stock markets are global entities.

The market had already built in its prices for either a Romney or an Obama administration. Smart investors are poll readers and I'm sure they knew the re-election was coming for quite some time.

What shakes markets more are things like what is happening in Europe right now. These are events that have a major impact on companies doing business globally.

To put this week's downturn in perspective, take a look at the DJIA chart for this year. The other drop in the spring was also due to European uncertainty... It didn't have anything to do with Romney becoming the future Republican Presidential nominee.
Attachments:

Greece has payments due soon in about a week. It's not known whether this is real or a sham (as it's rumored they're hoarding cash for a potential exit). Going to the brink also has benefits for the insider banks as they can load up on debt right before another bailout installment sends the bonds soaring. So who knows if this time is it. Spain is also rumored to be running out of cash before year end based on calculations of the government's cash burn.

Down another 121 points, but looking at colorful graphs and promises of well Bush did it too makes me feel so much better. Its only money.

king of kook aid Wrote:
-------------------------------------------------------
> Down another 121 points, but looking at colorful
> graphs and promises of well Bush did it too makes
> me feel so much better. Its only money.


Yep, down another -0.94% today. I hope we survive this economic collapse.

I know the line, well Bush did it, its all his fault. Its everyones fault except Obama. So stay tuned there is an even bigger sell off coming. People are scared, real or imagined. Nothing sells like fright. You could park your money in bonds but they dont pay shit but better than losing. I recommend gold which will top $2,100 an ounce by end of year.

Obama has made one of his top promises to start more gun control. I also recomend RGR, Sturm Ruger, which has climbed five dollars a share in two days. When Obama actually starts to work on gun control it will jump another ten bucks in a few months.

bye bye 401k Wrote:
-------------------------------------------------------
> I know the line, well Bush did it, its all his
> fault. Its everyones fault except Obama. So stay
> tuned there is an even bigger sell off coming.
> People are scared, real or imagined. Nothing sells
> like fright. You could park your money in bonds
> but they dont pay shit but better than losing. I
> recommend gold which will top $2,100 an ounce by
> end of year.
>
> Obama has made one of his top promises to start
> more gun control. I also recomend RGR, Sturm
> Ruger, which has climbed five dollars a share in
> two days. When Obama actually starts to work on
> gun control it will jump another ten bucks in a
> few months.


Or you could use this opportunity to take advantage of the idiot right wing losers who are selling their shares, and scoop them up at a discount.

Gold isn't going to go over $2,000 for at least another year. Get over it, your information is coming from partisan radio and cable news, and a bunch of preppers on internet forums.

My 401(k) is doing just fine. Maybe you need to reallocate into a bonds fund if you're so scared. But since you are so against government debt, you shouldn't be enabling them by buying their bonds.

bye bye 401k Wrote:
-------------------------------------------------------
> Obama has made one of his top promises to start
> more gun control.

Again? Why bother when he's pissed off all the anti-gun people by doing nothing so far?

I'm going to need a link on this cause I can't find anything on it.

Obama said something about assault weapons during a debate.

I don't know which nor have Googled for it.

He did say it during his debate in October

“But I also share your belief that weapons that were designed for soldiers in war theaters don’t belong on our streets. And so what I’m trying to do is to get a broader conversation about how do we reduce the violence generally. Part of it is seeing if we can get an assault weapons ban reintroduced. But part of it is also looking at other sources of the violence. Because frankly, in my home town of Chicago, there’s an awful lot of violence and they’re not using AK-47s. They’re using cheap hand guns.”

but dont let his own words be accepted as the truth, I dont

econ 101 Wrote:
-------------------------------------------------------
> Bubbles tend to burst Wrote:
> --------------------------------------------------
> -----
> > I'm sure there will be a lot of opportunistic
> > selling by people who absolutely need to get
> their
> > profits in before capital gains rates go up.
> But
> > those people have flawed investment strategies
> > anyway.
>
>
> Not true. At 15% tax its worth the risk, the
> higher the tax the lower the potential gain.
> Raising the tax rate on it will just make a lot of
> people say its no longer worth risking the money


econ 101,

Could you repeat this? ....and maybe use one of those interpreters for the deaf.

Use the girl Mayor TheBigWuss Bloomberg was using. I'm not deaf and even I understood what she was saying.

Ito Wrote:
-------------------------------------------------------
> I always love these posts about the impending doom
> that is about to hit the market because of Obama.
> Wasn't it just a few weeks ago were were told
> about the extreme sell-off that was going to
> happen on a Monday?


Ito, you don't have a pot to piss in, so STFU.

Ito Wrote:
-------------------------------------------------------
> I always love these posts about the impending doom
> that is about to hit the market because of Obama.
> Wasn't it just a few weeks ago were were told
> about the extreme sell-off that was going to
> happen on a Monday?


that was me, it went down 280 on Tuesday. I was off one day.

u cant do better Wrote:
-------------------------------------------------------
> Ito Wrote:
> --------------------------------------------------
> -----
> > I always love these posts about the impending
> doom
> > that is about to hit the market because of
> Obama.
> > Wasn't it just a few weeks ago were were told
> > about the extreme sell-off that was going to
> > happen on a Monday?
>
>
> that was me, it went down 280 on Tuesday. I was
> off one day.

off one day and completely chicken-little. 280 points is not a sell-off. That's less than 3% of the value of the market.

Remember, I showed you the numbers for the real black monday? That was a sell-off.

he said it not me Wrote:
-------------------------------------------------------
> He did say it during his debate in October
>
> “But I also share your belief that weapons that
> were designed for soldiers in war theaters don’t
> belong on our streets. And so what I’m trying to
> do is to get a broader conversation about how do
> we reduce the violence generally. Part of it is
> seeing if we can get an assault weapons ban
> reintroduced. But part of it is also looking at
> other sources of the violence. Because frankly, in
> my home town of Chicago, there’s an awful lot of
> violence and they’re not using AK-47s. They’re
> using cheap hand guns.”
>
> but dont let his own words be accepted as the
> truth, I dont


Saying someting in response to a question during a debate DOES NOT EQUAL "one of his top promises"

If he were to issue a policy statement where he said this, yeah that would be a top promise. He simply said, in response to a question about violence on American streets, that one way to address the problem would be to look into re-instituting the assault weapons ban.

"seeing if we can get an assault weapons ban reintroduced" is not much of a promise. If I told you I would see about giving you $10,000, would you go out and spend $10,000 on credit before ever touching a dime of my money? Because, you know, I promised?

Everybody with an IQ over 100 (which less than 10% of black people have...) knew that Romney would do a better job of running the economy than Obama would.

Fuck. Even most Obama voters knew that. But they don't care. Obama shares their degenerate [lack of] values so they voted for him.

We're now heading for $20 trillion in debt. And how are we going to somehow magically figure out a way to pay for it? Why by taxing the evaaaaal rich people, by abolishing every branch of the U.S. military besides the Coast Guard and adding massive amounts of new spending like "free" health care for the poor, stupid and lazy, free college education for everyone, government jobs for all, lowered retirement age, more vacation time, more food stamps, public housing and other welfare spending, more Green projects and brand new space age national infrastructure in the 3rd largest country in the world...

Nevermind that higher taxes on the rich will only result in about $70 billion new annual revenue and that America doesn't have a superpower to rely on for security like our socialist allies do. No logic is allowed in this discussion. Logic is racist.

Smoke weed all day while attending gay marriages. That's how I roll.

Remember, I showed you the numbers for the real black monday? That was a sell-off.

Thats just racist.

Yucky24. Wrote:
-------------------------------------------------------
> Everybody with an IQ over 100 (which less than 10%
> of black people have...) knew that Romney would do
> a better job of running the economy than Obama
> would.


Could you please provide a link to your source that shows that everyone with an IQ over 100 knew Romney would do a better job of running the economy than Obama would.

Because I personally know some rather well qualified people who know the exact opposite, and they manage high-net-worth portfolios. They study this stuff daily and do their research.


>
> Fuck. Even most Obama voters knew that. But they
> don't care. Obama shares their degenerate [lack
> of] values so they voted for him.
>

Yes. Every single person who voted for Obama did not care about the fact that Romney is better qualified to oversee the dismantling of a business for its assets and loading it up with debt.


> We're now heading for $20 trillion in debt. And
> how are we going to somehow magically figure out a
> way to pay for it? Why by taxing the evaaaaal rich
> people, by abolishing every branch of the U.S.
> military besides the Coast Guard and adding
> massive amounts of new spending like "free" health
> care for the poor, stupid and lazy, free college
> education for everyone, government jobs for all,
> lowered retirement age, more vacation time, more
> food stamps, public housing and other welfare
> spending, more Green projects and brand new space
> age national infrastructure in the 3rd largest
> country in the world...

Yep. Army, Navy, Marines, Air Force -- all gone. No more.

Yes We Can!
>
> Nevermind that higher taxes on the rich will only
> result in about $70 billion new annual revenue and
> that America doesn't have a superpower to rely on
> for security like our socialist allies do. No
> logic is allowed in this discussion. Logic is
> racist.
>

Yes we do. We have China. Remember that aircraft carrier that had your panties all in a wad a while back? They'll protect us while we become all socialistic and stuff.

Your shit is messed up and you talk all retarded.

> Smoke weed all day while attending gay marriages.
> That's how I roll.


Sounds like fun. You have an interesting life.

The dow also went up around 4,212 points under Obama 1st Term.. Why does no one talk about that?

StockGuy Wrote:
-------------------------------------------------------
> The dow also went up around 4,212 points under
> Obama 1st Term.. Why does no one talk about that?

Please don't say good things about Obama. People are still hurting over the tragic event that occurred on Tuesday.

Reality Realist Wrote:
-------------------------------------------------------
> Yucky24. Wrote:
> --------------------------------------------------
> -----
> > Everybody with an IQ over 100 (which less than
> 10%
> > of black people have...) knew that Romney would
> do
> > a better job of running the economy than Obama
> > would.
>
>
> Could you please provide a link to your source
> that shows that everyone with an IQ over 100 knew
> Romney would do a better job of running the
> economy than Obama would.
>
> Because I personally know some rather well
> qualified people who know the exact opposite, and
> they manage high-net-worth portfolios. They study
> this stuff daily and do their research.
>
>
> >
> > Fuck. Even most Obama voters knew that. But
> they
> > don't care. Obama shares their degenerate [lack
> > of] values so they voted for him.
> >
>
> Yes. Every single person who voted for Obama did
> not care about the fact that Romney is better
> qualified to oversee the dismantling of a business
> for its assets and loading it up with debt.
>
>
> > We're now heading for $20 trillion in debt. And
> > how are we going to somehow magically figure out
> a
> > way to pay for it? Why by taxing the evaaaaal
> rich
> > people, by abolishing every branch of the U.S.
> > military besides the Coast Guard and adding
> > massive amounts of new spending like "free"
> health
> > care for the poor, stupid and lazy, free
> college
> > education for everyone, government jobs for
> all,
> > lowered retirement age, more vacation time,
> more
> > food stamps, public housing and other welfare
> > spending, more Green projects and brand new
> space
> > age national infrastructure in the 3rd largest
> > country in the world...
>
> Yep. Army, Navy, Marines, Air Force -- all gone.
> No more.
>
> Yes We Can!
> >
> > Nevermind that higher taxes on the rich will
> only
> > result in about $70 billion new annual revenue
> and
> > that America doesn't have a superpower to rely
> on
> > for security like our socialist allies do. No
> > logic is allowed in this discussion. Logic is
> > racist.
> >
>
> Yes we do. We have China. Remember that aircraft
> carrier that had your panties all in a wad a while
> back? They'll protect us while we become all
> socialistic and stuff.
>
> Your shit is messed up and you talk all retarded.
>
> > Smoke weed all day while attending gay
> marriages.
> > That's how I roll.
>
>
> Sounds like fun. You have an interesting life.


70 billion would be a 12% decrease in the deficit with anticipated GDP of 2% (stagnant). PS I still think GDP numbers are far lower than realistic considering we will be the only play in the world economy as most other regions have delayed their economic corrections artificially (see China, see Europe, see Central Africa , Brazil, and Russia).

I am not sure why you would discredit 70 billion in revenue increase at the same time as complaining about 40 billion in reductions to defense spending annualized.

If 70 billion is small, then so is 40 you cant have it both ways champ

uh huh, percentages instead Wrote:
-------------------------------------------------------
>
> 70 billion would be a 12% decrease in the deficit
> with anticipated GDP of 2% (stagnant). PS I still
> think GDP numbers are far lower than realistic
> considering we will be the only play in the world
> economy as most other regions have delayed their
> economic corrections artificially (see China, see
> Europe, see Central Africa , Brazil, and Russia).
>
> I am not sure why you would discredit 70 billion
> in revenue increase at the same time as
> complaining about 40 billion in reductions to
> defense spending annualized.
>
> If 70 billion is small, then so is 40 you cant
> have it both ways champ


There is no rhyme or reason to their gripes. They think government is too big, but their guy created DHS. They think government spends too much money, but their guy created the Medicare Prescription Drugs Benefit Plan (Part D).

It really doesn't matter what anyone does to address the deficit or debt, because every effort will just be too small, inconsequential and meaningless in their minds.

They don't realize they are victims of political manipulations. They think they are informed citizens concerned about the fiscal condition of the country. Yet they have no fucking clue about any of it.

They want endless stimulus but not for someone else. Nothing from 2001 to 2008 was cut or allowed to expire.

Corporate welfare = better than working class people that work our service industries and can't afford rent or cost of living

Taking my ball and going home Wrote:
-------------------------------------------------------
> econ 101 Wrote:
> --------------------------------------------------
> -----
> > Bubbles tend to burst Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > I'm sure there will be a lot of opportunistic
> > > selling by people who absolutely need to get
> > their
> > > profits in before capital gains rates go up.
> > But
> > > those people have flawed investment
> strategies
> > > anyway.
> >
> >
> > Not true. At 15% tax its worth the risk, the
> > higher the tax the lower the potential gain.
> > Raising the tax rate on it will just make a lot
> of
> > people say its no longer worth risking the
> money
>
>
> That makes absolutely no sense. So you're saying
> that all money will be taken out of the market
> because it is no longer feasible to invest in
> companies?
>
> Good lord, you watch too much Fox News. That is
> the most ridiculous idea ever.
>
> The people who believe it is no longer worth
> risking the money most likely have less than a
> million in the market, and yes, for them it could
> make or break their profitability, in the short
> term.
>
> However, the market adjusts to all the information
> available to it. Go look at the entire DJIA chart
> going back to 1950. It always trends up, and
> always will. That is the basis of the markets,
> when you get right down to it.

It makes perfect sense to anyone whose not a retard. You take away the potential profit yet leave all the risk and you get less investors, it cant be explained any easier than that.

econ 101 Wrote:
-------------------------------------------------------
>
> It makes perfect sense to anyone whose not a
> retard. You take away the potential profit yet
> leave all the risk and you get less investors, it
> cant be explained any easier than that.

whose not a retard?

Are you one of those morons who corrects people when they say "That house belongs to me and my wife"?

You didn't bid up that stock market. We did that.

Bernanke Wrote:
-------------------------------------------------------
> You didn't bid up that stock market. We did
> that.
>

Go on. Please tell us about how you bid up the housing market, as well.

If you don't think Obama's policies are going to destroy the stock market then your not living in the real world. Without cheap energy you can't have a growing economy, he is killing any hope of adequate and cheap energy with his solar only policies, if you raise taxes on business they will just relocate to south of the border or to some country that don't think you can tax the successful to death to help to provide equality for the lame and lazy.It's never been successful at any time, in any place in the history of mankind, and it won't be successful here. I think the voters just nailed the last nail in the coffin when they reelected Obama. The cliff everyone is afraid of falling off or this January is nothing compared to what he will do in the next 4 years. I am a old man so what he does will have little affect on me, but I really feel sorry for young Americans. Then maybe I don't. I understand that they voted for him at a 4 to o 1 ratio, so maybe they deserve to pay for being stupid.

It sucks that corporate heads grant themselves huge bonuses each year even when companys lose money. In times past a company would share the wealth with all employees when there was a profit not just those at the top. There is not alot that can be done as these are private companies who also throw in stock options and then with insider information sell it knowing the company is awash in red ink, leaving the small investors holding worthless stock.

The divide between rich and poor is growing greater everyday as the middle class disappears. I dont know what is going to happen but it wont be pretty.

The corporate execs have influence with the accounting standards bodies. You almost can't lose money if you're a banker and use any or all of the tricks and loopholes.

pay up and shut up Wrote:
-------------------------------------------------------
> Expected 10% loss in stock market by early next
> year due to obama request for dividend tax rate of
> 25% rather than current 15% cap. By the middle of
> this month the sell offs will be crazy. -300 is
> just a start.


Still wrong morons. Lol, you idiots make me laugh so much.