Skip to comments.All main stock indexes close at records ahead of GOP tax bill draft [TRUMP EFFECT]
Posted on 12/15/2017 1:43:58 PM PST by Enchante
All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final version of the tax bill. Stocks have been sensitive to developments from Capitol Hill on the tax bill and any news that is viewed as a step closer to enacting tax cuts tend to buoy market sentiment. The Dow rose 140 points, or 0.6%, to close at 24,648. The S&P 500 climbed 23 points, or 0.9%, to end at 2,675 while the Nasdaq Composite Index gained 80 points, or 1.2%, to close at 6,936.
w i n n i n g
thank you Mr. President
I hate to piss on everyone’s Wheaties, but I still think the chances of final passage are slim to none. McConnell will not be able to secure the votes, nor does he really want to.
Funny, President Reagan was able to pass his Kemp-Roth tax bill with 89 votes in the senate, and over 100 democrats crossed the aisle in the House to make it a lop-sided victory for the American people. It almost makes me look back with fondness for Speaker O’Neill who brokered the agreement with President Reagan over a cordial glass of Irish whiskey at the White House. What the f**k happened ?
The last I heard about 1 1/2 hours ago,that Rubio and even Corker were getting on board to pass it.
Did they cozy up to Rubio’s requests in order
for this to happen?
I believe that the defense of the Clinton’s criminal activity brought a whole new dynamic to our nation.
It was evil, and would stop at nothing to defend more evil.
Since that time they have progressively moved farther and farther from reason, truth, and legality. Morals were something Christians were wrong to support any longer. Why they were the evil ones. There was no longer any right or wrong. (moral relativism)
George Bush set a new lowered acceptable standard on our side, and Obama just sank to the bottom on every moral category.
The Left doesn’t honestly have a grasp of a concept concerning right and wrong. To them there is no right and wrong. Lessons from history are not admissible. Anyone opposing them no matter how bad the policy is, is listened to. They are demonized.
When our president could bring terrorists into the Oval Office as advisors, and nobody would say anything, it was about as bad as it could get.
The Kenyan armed and funded terrorist groups that were sworn to destroy the United States and it’s allies.
We can no longer expect the other side to negotiate in good faith. They no longer respect our morals, right and wrong, the Bible, the rule of law, or the U.S. Constitution. And when I think of the other side, it includes the Republican leadership in Washington, D. C., and in many state leaderships to boot.
Raping women wasn’t considered a bad thing just 25 years ago. Now pinching a butt is an almost executable offense.
There just no rationale to any of it. Don’t expect rational negotiations these days.
It’s all out war, and we’re still skipping going to the polls because our guy is a terrible campaigner.
Yep, that’s more important than opposing late term abortion, getting good judges, ramming through tax cuts or any other solid legislation.
The age of reason is behind us.
We’re in a new dark ages. Folks just don’t have the mental faculties to grasp simple concepts any longer.
I don’t know. I only heard it during a 5 minute radio news blurb at the bottom or top of the hour.
Generally agree, but have NO idea where you this crackpot notion:
“Raping women wasnt considered a bad thing just 25 years ago.”
Rape most DEFINITELY was a big bad ugly deal 25 years ago; it’d get you thrown in the slammer in a hot second. Unless you were in the Middle East, or course, where it STILL isn’t a big deal.
In the election of 1992, women came forward to make credible claims of rape against Bill Clinton.
Those were considered less important than getting a Leftist into the White House.
I recognize your points as being true, but what we do at the top is what the nation is considered to be.
The populace of this nation elected a rapist.
Hillary Clinton called them nuts n sluts, and that was good enough for the electorate.
Politics is not a force for good. Christs crucifixion was a great example of what politics and politicians are all about.
I’m not going to argue with that. I think you made a decen’t point there.
I guess what troubles me, is that we are walking away from the Judeo-Christian ethics our nation was founded on, which prevailed up through and beyond the middle of the 20th Century.
We have reached the point that just about anything goes.
When that’s the case, good can go as easily as anything else.
I think we’re watching good go. It’s being retired as a goal.
What is coming out of Washington, D.C. these days is evil.
We are supposed to operate as a nation of competing ideologies, seeking what’s best for our nation.
What we have now is one ideology that clearly wants to destroy our nation, and another ideology that doesn’t seem to have the slightest clue what is at stake.
We are entering (and it could be argued have already entered some time ago) a time when there is one party and that party is actively destroying our nation.
Trump is no Reagan. He is a decent man but is isolated and allows himself to get into pissing wars with everyone on twitter. The leaders in congress are pathetic weenies. Media has gone overt commie and making a pass is now sexual harrassment. It’s a crap sandwich.
I agree it will tough sledding to get a tax bill through.
what is this LOSERS DAY on FP
“What the f**k happened ?”
Well, it started with Kennedy and amnesty and went downhill from there. Until November 2016.
I’d love a tax cut.
I’m sure Trump would sign one.
Probably, most of the tax bill is excellent.
Therefore, I am sure the Establishment will ensure the bill dies by just enough votes. Some designated “Republican” will “sadly be unable to support the final bill because (fill in the politically correct blank here), and my constituents and conscience cannot allow me to do that.”
The Uniparty has TRILLIONS of dollars riding on the status quo. They cannot accept change to their gravy train, which is stealing from taxpayers and re-routing the money into their pockets. They will do absolutely ANYTHING to ensure the cash continues to flow.
Mark my words. Nothing will pass both houses of congress, and it will be the death of both Republican majorities.
But hey! Bitch McTurtle and Pussy Ryno don’t want and don’t do anything with their majorities anyhow.
I can’t disagree. It may happen but I am not totally convinced. The primary goal we now know because of what we learned this week, was to deny Trump the Presidency and then ‘take him out’ if elected. The government is plum full of that thinking. Almost all of Congress is of the same mind.
Look for a continued ‘freeze out’ for the President, by Congress. Any one of 5 or 6 Senators can play spoiler.
Our mistake, I think, especially with the election this week and Republican turnout is that we always think one election for President or 1 Congressman means the tide has turned. Then we go back to our business. This Swamp draining and rebuilding the culture will take a generation. So, the 18 election is another mountain to climb. If the Swamp gets opened up enough to make some more Congressmen and Senators decide to leave, we might speed the process up just a little.
The communists finished the takeover of the DemocRat party and has deeply infiltrated the GOP.
Great. But my local taxes are going up. Big time. Figure state and local pols will use federal tax relief as an excuse to extort more out of state and local taxpayers. You know what I call that? A Pyrrhic victory.
Now thats funny.
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