The stock markets aren't happy with the election results.

[blazerboy30]

Just in:

There are so many problems with wall street . . . surprising people think the market is somehow an indication of what the public thinks of the president

Yeah, just like it is surprising that people think the market is an indication of earnings reports?

 

[3RA1N1AC]

a bunch of thieves, with nobody to stop them

i dont blame them really, who doesnt want to steal trillions of dollars and get away with it?

 

[julius]

I'm confused, I thought the stock markets weren't happy

 

[DaLincolnJones]

Friedrich Nietzsche

He is famous for saying "God is dead". Then he died, and rumor has it, God said "nitchie is dead"





All things are subject to interpretation whichever interpretation prevails at a given time is a function of power and not truth.
Friedrich Nietzsche


Read more at http://www.brainyquote.com/quotes/authors/f/friedrich_nietzsche.html#MwmIRzq79uUATd85.99

 

[3RA1N1AC]

if you didnt know how to spell his name, it is in your post a couple times

 

[STOMP]

something bad happens...
"it's Obama's fault"

something good happens...
"this is happening despite Obama's disastrous policies"

nothing out of the ordinary happens...
"Obama is a big jerk face"

Found it. It was 13,245. It's gone down approx. 675 points since then.

Wonderful.

less then two weeks later it's up to 13,009. Like sands through the hourglass, so are the Days of our GOP soap operas

STOMP

 

[jlprk]

Gas prices have dropped greatly since the election. This is a strong indicator that right-wing Texas oilmen are pleased with the election results.

 

[maxiep]

Gas prices have dropped greatly since the election. This is a strong indicator that right-wing Texas oilmen are pleased with the election results.

Or, there's a lessening of demand due to a softening economy as well as a seasonal downward adjustment. But don't you worry, I'm sure everything will be fine. Aren't we lucky we can spend our way to prosperity? Yay Obamanomics!

 

[Denny Crane]

Yeah. Instead of people driving their car on a family trip, they're living in their car and can't afford gas.

 

[jlprk]

If only Republicans had been as worried about deficits while they had control, they wouldn't have to criticize Democrats so much now for not being able to bail them out.

 

[Denny Crane]

Republicans did worry about deficits when they had control.

"Compromise" means spending whatever democrats demand we spend.

 

[jlprk]

Since I started noticing this issue under Johnson, it's always been the same. When we have a Democratic president, the mass media worries about the deficit. Articles are planted in a continuous rain of handwringing. When we have a Republican president, the mass media doesn't cover the issue. On the rare occasions it's mentioned, we're told that other stats are more important, like deficit as % of GDP.

Clinton bailed out 12 years of irresponsibility, so Republicans thought they could get away with it again for 8 years. But this time they embedded the spending and tax breaks so deeply that in a war environment, Obama is unable to reverse their big spending reputation as Clinton did, when he saved Reagan and Bush from being goats in the history books.

 

[Denny Crane]

Democrats controlled both house and senate during JFK, LBJ, Nixon, Ford, Carter, the first two years of Clinton, the last two years of W.

In short, Republicans controlled both houses for 12 of the past 50 years and the senate for 6 additional. We had 3 balanced budgets with them controlling both houses.

So much for you theory.

 

[BrianFromWA]

why was Obama unable to do so? He had control of the house and senate, enough so that he could ram ObamaCare through without it being read. How could he not have pushed a budget through, big spending or not?

It's hard for me to reconcile that Obama wanted to do what Clinton did, but was unable to. In a time that military spending (including War on Terror spending) stagnated (08: 683B, 09: 660B, 10: 663B, 11: 681B, 12: 672B, 13: 680B) the budget went from 2.9T in 2008 to a stimulus-aided 3.5T in 2009, but then went to 3.7T, 3.8T, 3.8T. How can you say that the administration (or the legislative branch) want to cut spending at all?

 

[barfo]

why was Obama unable to do so? He had control of the house and senate, enough so that he could ram ObamaCare through without it being read. How could he not have pushed a budget through, big spending or not?

It's hard for me to reconcile that Obama wanted to do what Clinton did, but was unable to. In a time that military spending (including War on Terror spending) stagnated (08: 683B, 09: 660B, 10: 663B, 11: 681B, 12: 672B, 13: 680B) the budget went from 2.9T in 2008 to a stimulus-aided 3.5T in 2009, but then went to 3.7T, 3.8T, 3.8T. How can you say that the administration (or the legislative branch) want to cut spending at all?

There was that little recession thing that happened. Made cutting spending in the short term not really a great idea.

barfo

 

[Denny Crane]

There was that little recession thing that happened. Made cutting spending in the short term not really a great idea.

barfo

Reagan cut taxes and spending during the recession he inherited from Carter. What followed was nearly 30 years of strong economic growth.

The recession was perhaps more severe, but much shorter and the recovery much stronger.

Then we have the alternative to compare with. Obama. Weak growth, net job loss, shallow recovery, extended recession much longer.

 

[barfo]

Reagan cut taxes and spending during the recession he inherited from Carter. What followed was nearly 30 years of strong economic growth.

The recession was perhaps more severe, but much shorter and the recovery much stronger.

Then we have the alternative to compare with. Obama. Weak growth, net job loss, shallow recovery, extended recession much longer.

Methinks you doth compare apples with oranges.

barfo

 

[Denny Crane]

Methinks you doth compare apples with oranges.

barfo

Methinks you make excuses for failed Obama policies.

You suggest spending during a recession is bad. I showed otherwise.

 

[jlprk]

So much for you theory.

It's not my theory. 326 electoral votes say it's what most Americans believe. It's how it will be recorded in history by the world led by China only one generation from now, when I plan on still being alive to see it.

Brian, Bush structurally embedded some giant programs like the 10-year tax cuts for the rich, dictatorship-style Homeland Security, and the 2 big wars plus permanent little wars that the media hides. He doubled the number of intelligence employees in 8 years, so he doubled intelligence spending (from like $300B to like $600B). These are structurally almost impossible to decrease. Remember that when Carter laid off intelligence, they met and got him defeated. (They learned from the Kennedy aftereffects not to kill him.) In 4 years of emergency presidency patching up what Bush did, the leisure to worry about trifles like reversing what Bush did, to save money, hasn't presented itself to Obama with Republicans pulling their immature 40-vote bloc stunts.

 

[Denny Crane]

More excuses, and a terrible version of history.

 

[barfo]

You suggest spending during a recession is bad. I showed otherwise.

I suggest no such thing.

barfo

 

[jlprk]

More excuses, and a terrible version of history.

And what are your excuses? Since you guys caused this. Voters clearly rejected your insinuation that Obama caused these problems. You aren't still hewing to that line, are you? You do know that you guys caused this mess, don't you? Because if you don't, you are isolated against not just the world, but most American voters, too.

 

[Denny Crane]

I suggest no such thing.

barfo

My bad. You suggest cutting spending during a recession is bad. I showed otherwise.

 

[Denny Crane]

And what are your excuses? Since you guys caused this. Voters clearly rejected your insinuation that Obama caused these problems. You aren't still hewing to that line, are you? You do know that you guys caused this mess, don't you? Because if you don't, you are isolated against not just the world, but most American voters, too.

"We guys?"

My guys haven't been elected en masse. Ron Paul being the notable exception.

I don't think Obama caused the recession. he inherited one, just as Reagan did, just as Clinton did, just as W did. What Obama did was to make the recession deeper, longer, and the recovery "L" shaped instead of "V" shaped.

 

[jlprk]

That's your excuse? You guys better work on it or you're gonna lose a lot of elections.

 

[Denny Crane]

There may not be elections for that much longer.

Warp 10 straight for the sun. The people voted for it.

Tea and circuses for everyone!

 

[magnifier661]

Since the winner of the election; the DOW was 13,245. Now it's 12,917. A drop of 328. If there is that "Fiscal Cliff" and capital gains increases; then expect it to drop BIG. There will be huge "Sell offs" at the end of this year for investors to get their 15% tax on gains.

 

[jlprk]

By destroying the country, you guys are destroying your own wealth.

 

[magnifier661]

By destroying the country, you guys are destroying your own wealth.

Why wouldn't anyone take advantage of a 15% tax hit; rather than a 42% tax hit if you wait another month? Investors will sell off, and that's a guarantee if the gains tax is anywhere over 20%. The same investors will just buy back and take a new strategy after this fiscal cliff. It's just business and the democrats will just have to suck it.

 

[jlprk]

Duh. I'm doing the same with my one lucky coin. I don't have as many hills of gold as you. Should have sold in the Summer.