Quote:
Originally Posted by Motion
Because there is a perception out there that Obama is this "socialist" who is going to do wallstreet and capitalism in. Ever heard of the tea party?
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Were you listening to Cramer at all or only
tingle up the leg Matthews?
These corporations are not going to move to expand or hire significantly within the USA until Obama is GONE from office. His bureaucracies are handing out thousands of new regulations. Costs under Obamacare will skyrocket. Globally there is contraction in the US and a significant part of Europe.
Just look what Obama's NLRB has been trying to do to Boeing. What major corporation in their right mind would invest in new factories here after that B.S.?! Much easier to build in Mexico, China, or anywhere but the USA.
Most of these Wallstreet mega-corporations are large enough to float above what this POTUS would try to do to them. They are invested in China, India, Brazil, and other areas in emerging markets enough to continue growth and increase manufacturing there, not here in the USA. Here they sit on their cash due to the uncertainty caused by Obama's policies and agenda.
You also cannot accept the numbers of Wallstreet as presented by Matthews at face value. His was a static approach while the market is fluid. The volitity index is a symptom of pathology within the market ratings. Simply put, US real estate is in the toilet, the Euro isn't stable, the US Dollar isn't stable, municiple bonds pay next to nothing currently, and people are investing in one of the only places to get a return, the markets.
If the markets and world economy were as healthy as static numbers like Matthews attempted (but failed) to argue, gold would not continue to hold steady above 1800. The price of gold has doubled per oz. since Obama took office. The price of silver has increased x 3.5. This speaks to the monitization of our debt and devaluation of our US dollar as well as lack of confidence in our currency since Obama has been in office.
Wallstreet is only part of the picture. What Obama is doing to small businesses, small corporations, through his increased regualtion is much more onerous on Mainstreet than Wallstreet.
Figure it out. Obama has been very bad for the US economy. He, as liberals so like to put it, "inherited" a bad situation and then went about making it exponentially worse.
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