Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If Obama's elected,stock market will rise 1000 pts, if McCain's elected, it drops 2000 pts, because it's more Bushnomics. Obama brings hope of a rejuvinated America, McCain brings the dismay of another four Bush-like years.
Way wrong, Obama is anti-business.. he wants to tax small business. One population McCain is doing better with are business people. Obama's tax on small business, and fining businesses that don't provide health insurance is going to kill incentive and job creation in business.
he wants to tax ALL BUSINESS and anyone who TRADES. he is bad for the economy. bad obama, bad!
he wants to tax ALL BUSINESS and anyone who TRADES. he is bad for the economy. bad obama, bad!
Oh, so businesses don't already pay taxes? What country do you live in? No, he just wants to eliminate the millions in extra tax breaks that the multi-billion dollar companies get to outsource jobs.
Hello Kramercat. I need to set you straight. America enjoyed a very good economy for most of President Bush's 8 years in office. In fact, considering the severe and long-lasting meltdown that could have occured after 9/11, the economy recovered quickly, and all economic indicators were positive. The good economy was one of the reasons Bush won in '04 so handily.
But capitalist economies tend to be cyclical in nature, and so we have recently, in the past year or so, been faced with a declining economy, in terms of growth, job losses, home sales,etc. It's starting to show signs of a rebound now, and the lower gas prices are helping somewhat also.
I also want to point out that it was Democratic policies in congress for the past 10 years that triggered the downfall. Make no mistake about it, their ill-considered plan to put low income or welfare recipients in their own homes by requiring goverment-backed lending institutions like Fannie Mae and Freddie Mac to give sub-prime loans to those who really could not afford to pay them back, and without requiring them to put any money down. When interest rates went up, these people just walked away from their loans and homes, leaving the banks with mounting bad debt.
Meanwhile, greedy investors on Wall Street had piggybacked off these govt. backed loans because they were guaranteed, and speculated on worthless credit that didn't actually exist. Obama and other lawmakers got kickbacks from Freddie and Fannie, and when Congress, led by the Repubs, asked the House Finance Committee chaired by Dem Barney Frank to investigate Fannie and Freddie that was presided over by African-American Franklin Raines, they were met with hostility. They began accusing Republicans of racism (what a surprise!) and compared their criticism of Raines to a lynching. They still haven't been held accountable, and if Obama gets in, it's doubtful they'll be made to answer for the problems they've caused.
So in future, please don't start anymore untruthful threads. Instead, check with me first.
'America enjoyed a very good economy for most of President Bush's 8 years in office.'
That's really funny, and completely false. Bush added 6.5 trillion to the debt, money that helped the wealthy, but for more than doubling the debt, the GDP went down, so America gained absolutely nothing from all of his spending, actually lost. For the millions losing their homes and jobs, Bush has failed miserably, unless his real plan was to further the plutocracy, hmmm.
If Obama's elected,stock market will rise 1000 pts, if McCain's elected, it drops 2000 pts, because it's more Bushnomics. Obama brings hope of a rejuvinated America, McCain brings the dismay of another four Bush-like years.
OMG, just the opposite would be more likely. Wall Street does not like Obama.
If Obama's elected,stock market will rise 1000 pts, if McCain's elected, it drops 2000 pts, because it's more Bushnomics. Obama brings hope of a rejuvinated America, McCain brings the dismay of another four Bush-like years.
Are you forgetting about the five YEARS of unprecedented economic growth under Bush? A cyclical, though large, downturn and suddenly everyone has short term memory loss. I will put up $1000 and give you 5-1 odds that we will not see the DOW hit 14,000 again under Obama, provided he even wins.
Congress has much more influence over economics than the President does anyway, and if you notice, it tanked while the Dems controlled Congress. I do not fault them completely by any means, as there is plenty of blame on both sides, and the nature of a cyclic economy to boot. I believe a large gain will not happen in part because business, rightfully as prior evidence suggests, does not trust them.
Location: Prescott Valley,az summer/east valley Az winter
2,061 posts, read 4,134,946 times
Reputation: 8190
Quote:
Originally Posted by njchick
Way wrong, Obama is anti-business.. he wants to tax small business. One population McCain is doing better with are business people. Obama's tax on small business, and fining businesses that don't provide health insurance is going to kill incentive and job creation in business.
I have owned a construction business for 40 years~ current annual sales over $4 million per year! I will take Obamas tax breaks thank you! Will do much better under Obama than with the GOP and McCants supposed tax breaks! Borrow and spend will do in the US of A.
I don't think you understand economics and that the stock market loves capitalism, not socialism. If Obama is elected the stock market will tank.
Oh, on the contrary, the stock market I've seen in the last year seems to love socialism.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
