Obama Re-election: Stocks Down, Fiscal Cliff

I kind of wanted Obama to win because this economy and the world economy will collapse and I would rather it do so under a socialist/ Marxist president then a capitalistic president. Hopefully everyone will get the picture after the SHTF that redistribution dosent work!

Originally posted by Valhall
reply to post by ararisq

 

John Galt was the fictional character in Ayn Rand's novel Atlas Shrugged. He shut the motor down to stop the socialization of society. He stopped the indentured servitude of the producing America by turning off the motor that funded and drove it off.

The looters (corrupt politicians) and the moochers (those on the dole from the government) were left with nothing to fuel their socialized economy anymore.

Me thinks you misunderstood the OP.

No explanation was necessary for them. But still nice to have.

Best to you.

reply to post by timetothink


I spoke with a die hard Republican yesterday, the kind that believes marriage is between one woman and one man and that gets sick to his stomach thinking of 2 guys kissing. What him and I agreed on though was that the parties were bickering over the 3% of issues and not solving the 97% of issues we actually agree on and could possibly fix. there is some hope. No matter how extreme people are in their beliefs, Americans usually agree on certain issues. These certain issues are what needs to be tackled.

Originally posted by alternateuniverse
History repeats itself. Nixon, Reagan, Clinton, Bush 43, and now Obama. It's actually an insult to those Presidents to place Obama along side them. Presidents always do worse in their second term. I am not optimistic and Obama will have a chance of appointing 5 Supreme Court Justices during his tenor. Stocks are already falling. Obamacare will be fully implemented. There will be even more horrific surprises coming. I just can't wait. And winning with 10 million less votes than last time does not prove you have a mandate. Good luck Obama.

Stocks opened sharply lower Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe resurfaced.

This is just the beginning. We deserve it.

Stocks Tumble 1% Amid 'Fiscal Cliff,' EU Fears By: JeeYeon Park
CNBC.com Writer

This is just perpetuating ignorance and proving you don't have a clue what you are talking about.

(Reuters) - Barack Obama often gets slammed for his stewardship of the U.S. economy, but for stock investors, he's been one of the best presidents since World War Two.

At 1,400, the S&P 500 on Friday was closing in on a four-year high and was up 74 percent since January 20, 2009, the day Obama took office. Not since Dwight Eisenhower's first term has a president had such a strong run for their first term. That rally might be just enough to get Obama re-elected, making him the first sitting president in the post-war era to win a second term with a jobless rate higher than 7.2 percent. "Even though business and corporate sentiment is not good for Obama because they don't think he's been good for the economy, the fact that the market has done very well under him is a positive," said Ethan Siegal, head of The Washington Exchange, which analyzes politics for institutional investors.in.reuters.com...

Originally posted by camaro68ss
I kind of wanted Obama to win because this economy and the world economy will collapse and I would rather it do so under a socialist/ Marxist president then a capitalistic president. Hopefully everyone will get the picture after the SHTF that redistribution dosent work!

Another brilliant history major spouting out nonsense. "You would rather" as if anyone really is concerned with what "you would rather" do and surprisingly I don't think your false and ridiculous hypothesis has any place in American politics or predictions. Reagan and Bush redistributed tax burdens to middle class and we are still struggling with that. Didn't hear you complaining about collapse while they were redistributing the tax burden from the backs of the wealthiest to the poorest? No complaints about economy collapsing then were there? If the Bush tax cuts are allowed to expire and new middle class cuts implemented the economy will improve significantly.

Originally posted by FlyersFan
reply to post by Valhall

 

EXCELLENT book. Ayn Rand was a little strange with the sex stuff in it ... but the book itself was excellent. The storyline was good and the basic message got through loud and clear. ATLAS WILL SHRUG .

She was an ignorant slut and the book was little more than a communist manifesto.
Glad you liked it though.

reply to post by alternateuniverse




What are you going to say tomorrow when they are up?

You do know the markets have steadily increased under Obama and they are presently in a much better position than when he took office?

Originally posted by ararisq
Who's John Galt?

Too bad, hey?

Originally posted by DJW001
Anyone sitting in the Oval Office when the sequestrations begin will be held responsible for the uptick in unemployment that will accompany it.

Watch Obama blame Bush. He's good at that.

reply to post by navy_vet_stg3


Wow, that sound exactly like the Labour party in the UK. Hate wealth creators yet tax them to the hilt to pay for entitlement programs for the cant be @r53d

Nevermind

For those of you whom criticize other people's understanding of investment and taxes:

Because people who have skin in the game understand economics. The country voted for higher taxes – including higher capital gains taxes – and more regulation. And so, the stock market reacted rationally, plummeting 350 points in the first two hours of trading. As of 11:35 am ET, the Dow Jones Industrial Average stood at 12,890, 355 points off its opening number. Meanwhile, thousands of people who had just checked their 401Ks lined up at polling stations to try to take their votes back.

Obama Wins; Market Tanks by Keith Koffler on November 7, 2012, 11:42 am

*Expect more "profit taking," "stock market correction," & "tanking."*

-Thank You-

reply to post by alternateuniverse

And so, the stock market reacted rationally

There's your problem right there. Was it rational to invest in a company whose business plan consisted of buying an expensive Super Bowl ad featuring a chimpanzee?

Originally posted by TTAA2012

Originally posted by DJW001
Anyone sitting in the Oval Office when the sequestrations begin will be held responsible for the uptick in unemployment that will accompany it.

Watch Obama blame Bush. He's good at that.

He starts with blaming Bush and when that runs out he'll put the blame on Ben Franklin, John Q. Adams, Patrick Henry, George Washington and Thomas Jefferson. After all he couldn't destroy this nation, if they never built it so it's automatically their fault for him f'ing it up.

reply to post by alternateuniverse


blah blah blah..

so a bunch of people bet on a republican win..

and their risky shorts fell short?

you gamble & lose, thats on you..

boo hoo..

the house ( ie the FED) always wins..

and btw

Obama worse than Nixon?

really.. Nixon gave us ..big pharma's war on drugs..

referred to JFK killing implying involvement or at least a knowledge of who did it...

took us off the gold standard..

seriously, its all good

when people get their way..

well America is tired of GOP religious business as usual..

a new day has dawned..

the INTERNET has spread information

it is our generations printing press..

and we are all well aware

and calling B$..

reply to post by reeferman

I didn't gamble on America. I am not a threat to any American. The President is the one in charge of gambling America's hard earned tax dollars.

-Thank You-