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And the market's response to our new leader?
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Tripster Offline
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Post: #21
RE: And the market's response to our new leader?
(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

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Wait a couple of months ..... 03-lmfao 03-lmfao 03-lmfao Ok, I will wait .....

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01-20-2009 04:17 PM
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THE NC Herd Fan Offline
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Post: #22
RE: And the market's response to our new leader?
(01-20-2009 02:39 PM)niuhuskie84 Wrote:  
(01-20-2009 02:33 PM)Rebel Wrote:  
(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

The market responds to current events, the most current being the swearing in of a President who hasn't been as friendly to businesses on the campaign trail.

yea, I guess thats why warren buffet chose to campaign for him. And why Google and Citigroup raised his campaign $40 million dollars. And why the National Federation of Independent Business has supported him

Citigroup well they're busy playing Good bank Bad bank now and spending your tax dollars trying to survive.
01-20-2009 04:21 PM
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Owl 69/70/75 Online
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Post: #23
RE: And the market's response to our new leader?
(01-20-2009 02:39 PM)niuhuskie84 Wrote:  yea, I guess thats why warren buffet chose to campaign for him. And why Google and Citigroup raised his campaign $40 million dollars. And why the National Federation of Independent Business has supported him

Buffet has been a conspicuous democrat for some time. Buffet is out for what's best for Warren Buffet, not necessarily the economy. His big issue is the estate tax. For many years, Berkshire Hathaway grew in part by picking up family businesses for pennies on the dollar when the heirs needed cash to pay their estate and inheritance taxes. Reducing or doing away with the estate tax is bad for Berkshire Hathaway's business. That's where Buffet comes from.

The Google founders are also conspicuous supporters of liberal, even socialist, causes. The whole Wall Street establishment leans democrat as well, although most of the big players traditionally make sure to give large amounts to both sides.

As for NFIB, I'm not able to see any strong indication of support for Obama. They did support Norm Coleman and Ellizabeth Dole, and mostly other republicans, in senate and congressional races last year. So I'm not quite sure where you are getting the idea that they supported Obama.

Conspicuously absent from the 2008 campaign was a strong commitment by Main Street businesses to the republicans. McCain didn't have a grasp of the economy, and Shrub had pretty much screwed them over the last 8 years, so it's understandable. Be interesting to see where they come down in future elections.
01-20-2009 04:44 PM
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DrTorch Offline
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Post: #24
RE: And the market's response to our new leader?
(01-20-2009 04:44 PM)Owl 69/70/75 Wrote:  
(01-20-2009 02:39 PM)niuhuskie84 Wrote:  yea, I guess thats why warren buffet chose to campaign for him. And why Google and Citigroup raised his campaign $40 million dollars. And why the National Federation of Independent Business has supported him

Buffet has been a conspicuous democrat for some time. Buffet is out for what's best for Warren Buffet, not necessarily the economy. His big issue is the estate tax. For many years, Berkshire Hathaway grew in part by picking up family businesses for pennies on the dollar when the heirs needed cash to pay their estate and inheritance taxes. Reducing or doing away with the estate tax is bad for Berkshire Hathaway's business. That's where Buffet comes from.

Excellent point. Besides, folks here chided Buffet for the way he treated his hippie step-granddaughter. Make up your minds, do you love him or hate him?

Quote:The Google founders are also conspicuous supporters of liberal, even socialist, causes. The whole Wall Street establishment leans democrat as well, although most of the big players traditionally make sure to give large amounts to both sides.

Yes, same w/ Yahoo! and Cisco founders (remember Sandy Lerner?), all from Stanford. "Curiously", they used a very free market to obtain their wealth, and don't willingly give up their companies to be run by the state.

My biggest gripe here is that these folks are from the privileged class...they are pretty, smart, and now rich. Yet they pretend to identify w/ the average Joe, and look out for the working class. Meanwhile they support a regulatory/tax environment that hinders small business, and *surprise* competition for themselves!
01-20-2009 05:00 PM
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niuhuskie84 Offline
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Post: #25
RE: And the market's response to our new leader?
(01-20-2009 04:44 PM)Owl 69/70/75 Wrote:  The whole Wall Street establishment leans democrat as well, although most of the big players traditionally make sure to give large amounts to both sides.

That dosent quite jive with Reb's assertion that stocks are tanking due to him being elected...
01-20-2009 05:03 PM
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Jugnaut Offline
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Post: #26
RE: And the market's response to our new leader?
(01-20-2009 05:03 PM)niuhuskie84 Wrote:  
(01-20-2009 04:44 PM)Owl 69/70/75 Wrote:  The whole Wall Street establishment leans democrat as well, although most of the big players traditionally make sure to give large amounts to both sides.

That dosent quite jive with Reb's assertion that stocks are tanking due to him being elected...

Markets Have Record Slide For Obama Inauguration

Maybe it's what he said in his speech that scared people. We now have Mr. Magoo steering the Titanic. Not that W was any better.
01-20-2009 05:10 PM
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Owl 69/70/75 Online
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Post: #27
RE: And the market's response to our new leader?
(01-20-2009 05:03 PM)niuhuskie84 Wrote:  
(01-20-2009 04:44 PM)Owl 69/70/75 Wrote:  The whole Wall Street establishment leans democrat as well, although most of the big players traditionally make sure to give large amounts to both sides.
That dosent quite jive with Reb's assertion that stocks are tanking due to him being elected...

Can't say that I understand how you are connecting those dots. Wall Street could support him and be selling short, for one thing. George Soros got rich betting against the US economy, and is still doing it as far as I know, and he and his MoveOn.org are huge Obama supporters.
01-20-2009 05:13 PM
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BlazerFan11 Offline
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Post: #28
RE: And the market's response to our new leader?
Obama talked in his inauguration speech about how he was going to regulate the hell out of Wall Street, and the market responded, led by the big banks. It's that simple.
01-20-2009 05:17 PM
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Post: #29
RE: And the market's response to our new leader?
I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.
01-20-2009 05:50 PM
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Post: #30
RE: And the market's response to our new leader?
(01-20-2009 05:50 PM)georgia_tech_swagger Wrote:  I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.

That's the scenario I expect.
01-20-2009 05:57 PM
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DrTorch Offline
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Post: #31
RE: And the market's response to our new leader?
(01-20-2009 05:50 PM)georgia_tech_swagger Wrote:  I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.

I agree. I pulled mostly out, and have stayed out so far.
01-20-2009 06:01 PM
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smn1256 Offline
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Post: #32
RE: And the market's response to our new leader?
(01-20-2009 05:17 PM)BlazerFan11 Wrote:  Obama talked in his inauguration speech about how he was going to regulate the hell out of Wall Street, and the market responded, led by the big banks. It's that simple.

He also said he was going to create a lot of jobs - - - I bet that pissed off the people on Welfare, now they'll have to work.
01-20-2009 06:31 PM
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Post: #33
RE: And the market's response to our new leader?
(01-20-2009 05:50 PM)georgia_tech_swagger Wrote:  I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.

Most of the debt accumulated with Bush and failed economic policies.
01-20-2009 06:31 PM
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Post: #34
RE: And the market's response to our new leader?
(01-20-2009 06:31 PM)RockyMtnRamfan Wrote:  
(01-20-2009 05:50 PM)georgia_tech_swagger Wrote:  I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.

Most of the debt accumulated with Bush and failed economic policies.

Who's controlled Congress for the past two years?
01-20-2009 06:33 PM
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Post: #35
RE: And the market's response to our new leader?
(01-20-2009 06:33 PM)Rebel Wrote:  
(01-20-2009 06:31 PM)RockyMtnRamfan Wrote:  
(01-20-2009 05:50 PM)georgia_tech_swagger Wrote:  I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.

Most of the debt accumulated with Bush and failed economic policies.

Who's controlled Congress for the past two years?

33% of the total debt will be blamed on the Dems, the rest will be squarely be put on the Republicans spending spree with Bush (2000-2006). 6 years Bush did not veto one single bill from his rubber-stamp Congress.
(This post was last modified: 01-20-2009 06:36 PM by RockyMtnRamfan.)
01-20-2009 06:35 PM
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SumOfAllFears Offline
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Post: #36
RE: And the market's response to our new leader?
Too bad you don't know that the Democratic Congress holds the Nation's purse strings. But their ALL F"UCKING at fault all 545 of them.
01-20-2009 06:35 PM
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Post: #37
RE: And the market's response to our new leader?
(01-20-2009 06:35 PM)RockyMtnRamfan Wrote:  
(01-20-2009 06:33 PM)Rebel Wrote:  
(01-20-2009 06:31 PM)RockyMtnRamfan Wrote:  
(01-20-2009 05:50 PM)georgia_tech_swagger Wrote:  I've been saying for some time now there will be a sucker's rally .. and during Obama's tenure the bottom will REALLY fall out.

Most of the debt accumulated with Bush and failed economic policies.

Who's controlled Congress for the past two years?

33% of the total debt will be blamed on the Dems, the rest will be squarely be put on the Republicans spending spree with Bush (2000-2006). 6 years Bush did not veto one single bill from his rubber-stamp Congress.

It's not that damn easy.
01-20-2009 06:36 PM
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Post: #38
RE: And the market's response to our new leader?
(01-20-2009 06:35 PM)SumOfAllFears Wrote:  Too bad you don't know that the Democratic Congress holds the Nation's purse strings. But their ALL F"UCKING at fault all 545 of them.

Iraq War (trillions spent) started under Bush and Republicans. Costs far more than anything the Dems have done, including all the bailouts combined.
01-20-2009 06:37 PM
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Post: #39
RE: And the market's response to our new leader?
(01-20-2009 06:37 PM)RockyMtnRamfan Wrote:  
(01-20-2009 06:35 PM)SumOfAllFears Wrote:  Too bad you don't know that the Democratic Congress holds the Nation's purse strings. But their ALL F"UCKING at fault all 545 of them.

Iraq War (trillions spent) started under Bush and Republicans. Costs far more than anything the Dems have done, including all the bailouts combined.

Trillions spent in Iraq?

Yeah, you're gonna have to show me a link to that one.
01-20-2009 06:39 PM
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Tripster Offline
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Post: #40
RE: And the market's response to our new leader?
(01-20-2009 06:31 PM)RockyMtnRamfan Wrote:  Most of the debt accumulated with Bush and failed economic policies.

The Savant Fine Arts Major weighs in to tell us all off .....

WELL Einstein ..... that ASSumption of yours is a Bald Face Lie and is Made Totally Up by you ..... you Nimrod (as opposed to "you Retard").

You see, Bush didn't have "any Economic Policies to Fail" ... he was too busy with the Middle East.

At least I even can admit this truth ....

You learn anything new today in Mussolini Appreciation 101 ???

03-lmfao 03-lmfao 03-lmfao 03-lmfao 03-lmfao

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01-20-2009 06:41 PM
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