Posted on 10/13/2008 11:07:26 AM PDT by phoenix07
I have been watching Obama's speech on his recovery plan for the country. It is grimly amusing to note that the market dipped back below 9000 at least twice as he has been speaking. Of course, the plan includes huge amounts of government spending. All kinds of empty promises. BLEAH!
Unlike Hussein’s Obamedia, I believe the problems with the stock market are happening because investors are terrified that the manchild will be going into the Oval Office soon.
I am not an expert on economy, but wouldnt encouraging people to withdraw their 401’s penalty free have a devastating effect on the markets?
Yep-I think drops in the stock market are correlated to Obama’s position in the polls. The better he does in the polls, the further the market drops.
I caught part of the speech and noticed the flags behind him. At least one had a big O in the center - is that a state flag? Or is it another creation of the Obama campaign....
I agree. In fact, I heard that Investor’s Business Daily was speculating that part of the crash was pricing in an Obama victory......
Steve Forbes on Fox this morning said the economy will come back by next spring “depending on what the next president does.” That’s the scary part.
It would have a devastating effect on people’s SAVINGS.....which, of course, is the Markets....what we need is TAX FREE withdrawals at times NOT mandated by law.
That would be about right, I think. A Marxist in the White House plus more in Congress would kill whatever was left of this lousy economy.
Since this is a vanity, and I don’t want to start another vanity....but, I have need of some help from freepers.....I’m preparing to start sending daily emails to family and they have to be pithy and succinct.....
Here’s my thought.....title it: Are you SMARTER than a 7th Grader.....
Body of Email.....
Are you smarter than a 7th Grader? Test Question 1…..
If a company has 6 employees and their average annual gross pay is $45,000 annually…..what is the chance they will get TAXED under Obama’s plan????
ANSWER: 6 x 45,000 = $270,000….which is over $250,000 and, that’s only PART of what a CEO has to make in sales/receipts in order to be in business. (Remember, there are gross sales, and net sales, but, who knows what Obama is talking about…..seen anyone in the media ask him?)
Anyway, the $270,000 is over $250,000….so according to Obama that RICH company CEO deserves to be taxed MORE, RIGHT? What about the cost of the materials he has to buy to produce/sell their products? Oopps….that means they have to have sales receipts WAY above, $270,000, say, another $200,000……oh, oh…..the tax man cometh…..this CEO is really RICH if he can afford to pay $470,000 for salaries and goods through his GROSS sales receipts – he hasn’t made any money, yet, however, for himself.
And, don’t forget…..taxes are a cost of doing business and are passed on in the cost of products YOU pay for….or in the lack of salary you will receive.
Get your brains on folks….it’s going to be a rough ride.
Maybe, but maybe not. Chances are, idiots wouldn’t use it to pay down debt. Rather, they’d go out and spend, spend spend. Short run would be ok on market, long run, devastating......personal debt vs. income is one of the major hitches in the economy just now.
Amen and amen. Couldn’t have said it better! Well done!
Just curious, how did the USSR Stock Exchange do under Stalin, Khrushchev, Andropov, Gorbachev, etc.?
Aren't payrolls tax deductible?
Was there even one in existence?
Well, yes, however, under Obama’s plan we do NOT KNOW!!!
Was there even one in existence?
--and that's about as far as anyone can see because there's just too much going on in the markets.
The important thing is that we not try and say we know for sure why things do what they do. I can say I'll start buying as McCain's chances improve, but what we don't need is more capitalism-bashing if we think prices are conflicting with our ideology. Nothing good can come from the likes of Rush and his 'screw-the-markets' rant, or our admin's CEO-bashing.
I wouldn’t be surprised if the market closed down... Lots of room this morning for manipulation in order that the bag holders could sell higher than last week...;) - anti’s wife
Nope.
When the state owns everything, investors are the serfs that do all the work with all rewards going to the "common good for redistribution by an all-knowing, all-caring, government while the upper class throws parties in their dachas. The rich get richer and there is no threat to their power save rebellion.
When people are free, they take care of themselves. The rich get richer but their power is limited by the freedom of the individual.
Because of all that....
The Russian Trading System Stock Exchange or RTS started in 1995.
Moscow Stock Exchange started in 1996 or 1997.
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