tag:blogger.com,1999:blog-3098264341625381422.post7123063850303875906..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: President Obama Vs. the Stock Market IImike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3098264341625381422.post-5166113911169557222012-02-16T15:38:20.313-08:002012-02-16T15:38:20.313-08:00Don't you feel like a complete moron now? You ...Don't you feel like a complete moron now? You should.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-46634213287582426772009-02-22T06:05:00.000-08:002009-02-22T06:05:00.000-08:00How Can There Be any Doubt About Why The Market Co...How Can There Be any Doubt About Why The Market Continues To Sink?<BR/><BR/>Read the following Investor's Business Daily Editorial<BR/><BR/>http://www.ibdeditorials.com/IBDArticles.aspx?id=320027936229029<BR/><BR/>Hypothetically, if Obama had withdrawn from the Presidential race in May 2008, and either Hillary or McCain had won, we would not be where we're at today. <BR/><BR/>The mortgage "crisis" was a problem that could have been solved if Senators (Dodd, Schumer) and Rep.Barney Frank, had not made statements in early September that created an avalanche. <BR/><BR/>From May 2008 onward, businesses recognized that the American way of life was, with the implementation of Obama and a Democrat-lock on Congress, about to come to an end. <BR/><BR/>Higher taxes, higher costs of doing business, vilification of anyone grossing over $250k and redistribution of wealth was imminent. Job creation was backburnered. <BR/><BR/>I believe the Feds and State governments know far more about how bad it is than they're revealing. Income tax withholding is a telling indicator, and as more people are no longer employed, the monthly withholding revenue is dropping significantly. Yet today's Washington Post describes Obama's imminent budget proposal which is bed-rocked on increasing taxes on higher-income people. <BR/><BR/>This past week, NY Mayor Bloomberg implicitly objected to the NY State Gov't plan to increase income taxes on those earning $250k or more. Bloomberg noted that 1% (40k) of taxpayers in NYC pay 50% of the taxes; 52% don't pay any taxes, and 30% get a credit. 17% of NY taxpayers paid the remaining 50% of NYC taxes).<BR/>It has been suggested that if just 10,000 of the high-paying taxpayers moved out of NYC, NYC would die!<BR/>They ought to be being treated like royalty; instead, they're trashed and maligned. Those 40,000 New York upper-income taxpayers are the ones who Obama views as the enemy targets. These are the people on whom Obama and Congress want to put a $400k pay cap.<BR/><BR/>It's going to get a lot worse, and I don't expect it to get better in the next 20 years (it took America 20 years and a War to recover from Roosevelt's wrong economic policies).<BR/><BR/>An entire generation of potential investors have been soured on stocks as an investment, and there's concern among many regarding the safety of banking institutions.pkhttps://www.blogger.com/profile/14103065995206384705noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-40815371763857588792009-02-21T22:33:00.000-08:002009-02-21T22:33:00.000-08:00You conclude that the "market" rejected the stimul...You conclude that the "market" rejected the stimulus because it tanked even further in recent days, as the stimulus was passed and signed. But I think the primary reason it went even further down is something else that happened over the last few days-- it has become clearer and clearer that we are going to have to do a partial nationalization of the banks. Obama and Geithner are saying "no, no, no" to this, but the banks shareholders realize that is just politcal-speak, as a growing number of reputable economists and experts are coming to the conclusion that it will have to be done, at least on a partial and temporary basis (and it probably will be called something else). And the shareholders realize they would be wiped out if that happens--so hence the further fall of the DOW.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-91919270977173467552009-02-21T10:46:00.000-08:002009-02-21T10:46:00.000-08:00Doomsday advice: if the economy collapsed (op, did...Doomsday advice: if the economy collapsed (op, did I say that?) and you couldn’t buy toilet paper what would you do? Get a bathroom bidet sprayer from www.bathroomsprayers.com and you won’t have to worry about it. The water will still be running long after the toilet paper stops reaching the store shelves and in the mean time you’ll be saving money that you can use to stock up on canned soup.Davidhttps://www.blogger.com/profile/06596298487715187790noreply@blogger.com