Home › Forums › Financial Markets/Economics › Stock market set to rocket on prospects of Obama Presidency (up 250 points already)
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TheBreeze.
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November 6, 2008 at 11:46 AM #300681November 6, 2008 at 11:56 AM #300257
Aecetia
ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM #300614ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM #300625ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM #300638ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM #300691ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 12:05 PM #300277
CoronitaParticipant[quote=afx114]Wow.. Obama hasn’t even taken his first shit in the White House toilet yet but apparently the world is coming to and end and it’s all his fault. Seems like I’m watching a repeat of last night’s South Park!
Yeah, this crash has nothing to do with the newly released employment reports.. it’s all because of Obama!
Pathetic.[/quote]
Oh please, some of us are just posting the actual numbers he is quoting. I didn’t say everything he is suggesting is *bad*. Some of it is actually decent. Some of it is interesting. Some of it is not so good. Like i said, the higher taxes aren’t really all his doing (more a result of some rules expiring). I think though this was sort of a rebuttal to some of those “let’s tax the rich and get redistribute it to the poor”…Most of you aren’t “poor” and the ones that are looking for this wealth restribution are gonna find out you’re going to part…I’d be curious to see what people say AFTER they get next year’s tax bill.
November 6, 2008 at 12:05 PM #300634CoronitaParticipant[quote=afx114]Wow.. Obama hasn’t even taken his first shit in the White House toilet yet but apparently the world is coming to and end and it’s all his fault. Seems like I’m watching a repeat of last night’s South Park!
Yeah, this crash has nothing to do with the newly released employment reports.. it’s all because of Obama!
Pathetic.[/quote]
Oh please, some of us are just posting the actual numbers he is quoting. I didn’t say everything he is suggesting is *bad*. Some of it is actually decent. Some of it is interesting. Some of it is not so good. Like i said, the higher taxes aren’t really all his doing (more a result of some rules expiring). I think though this was sort of a rebuttal to some of those “let’s tax the rich and get redistribute it to the poor”…Most of you aren’t “poor” and the ones that are looking for this wealth restribution are gonna find out you’re going to part…I’d be curious to see what people say AFTER they get next year’s tax bill.
November 6, 2008 at 12:05 PM #300644CoronitaParticipant[quote=afx114]Wow.. Obama hasn’t even taken his first shit in the White House toilet yet but apparently the world is coming to and end and it’s all his fault. Seems like I’m watching a repeat of last night’s South Park!
Yeah, this crash has nothing to do with the newly released employment reports.. it’s all because of Obama!
Pathetic.[/quote]
Oh please, some of us are just posting the actual numbers he is quoting. I didn’t say everything he is suggesting is *bad*. Some of it is actually decent. Some of it is interesting. Some of it is not so good. Like i said, the higher taxes aren’t really all his doing (more a result of some rules expiring). I think though this was sort of a rebuttal to some of those “let’s tax the rich and get redistribute it to the poor”…Most of you aren’t “poor” and the ones that are looking for this wealth restribution are gonna find out you’re going to part…I’d be curious to see what people say AFTER they get next year’s tax bill.
November 6, 2008 at 12:05 PM #300659CoronitaParticipant[quote=afx114]Wow.. Obama hasn’t even taken his first shit in the White House toilet yet but apparently the world is coming to and end and it’s all his fault. Seems like I’m watching a repeat of last night’s South Park!
Yeah, this crash has nothing to do with the newly released employment reports.. it’s all because of Obama!
Pathetic.[/quote]
Oh please, some of us are just posting the actual numbers he is quoting. I didn’t say everything he is suggesting is *bad*. Some of it is actually decent. Some of it is interesting. Some of it is not so good. Like i said, the higher taxes aren’t really all his doing (more a result of some rules expiring). I think though this was sort of a rebuttal to some of those “let’s tax the rich and get redistribute it to the poor”…Most of you aren’t “poor” and the ones that are looking for this wealth restribution are gonna find out you’re going to part…I’d be curious to see what people say AFTER they get next year’s tax bill.
November 6, 2008 at 12:05 PM #300711CoronitaParticipant[quote=afx114]Wow.. Obama hasn’t even taken his first shit in the White House toilet yet but apparently the world is coming to and end and it’s all his fault. Seems like I’m watching a repeat of last night’s South Park!
Yeah, this crash has nothing to do with the newly released employment reports.. it’s all because of Obama!
Pathetic.[/quote]
Oh please, some of us are just posting the actual numbers he is quoting. I didn’t say everything he is suggesting is *bad*. Some of it is actually decent. Some of it is interesting. Some of it is not so good. Like i said, the higher taxes aren’t really all his doing (more a result of some rules expiring). I think though this was sort of a rebuttal to some of those “let’s tax the rich and get redistribute it to the poor”…Most of you aren’t “poor” and the ones that are looking for this wealth restribution are gonna find out you’re going to part…I’d be curious to see what people say AFTER they get next year’s tax bill.
November 6, 2008 at 12:12 PM #300292ucodegen
ParticipantAnd the coup d’ `etat that will destroy the stock market from our brilliant Harvard grad.: taking over the 401 K’s by guaranteeing a roll back to the July level and a 3% a year.
Please reference supporting information for this. It would also create some ‘legal’ problems too..
It’s true the libs hate the idea of American exceptionalism…
No they don’t hate capitalism… they just don’t understand it. But for that fact, neither to the republicans completely understand it. The republicans think it is Laissez-faire, which it isn’t either.
Even his precious media and the rich celebs will turn on him sooner if not later.
This may happen.. if it does, it will push back black ascendancy in the political landscape over 20 years. Obama has to be real careful. The black vote had a lot to do with him being elected, yet if he screws up.. real trouble.
November 6, 2008 at 12:12 PM #300650ParticipantAnd the coup d’ `etat that will destroy the stock market from our brilliant Harvard grad.: taking over the 401 K’s by guaranteeing a roll back to the July level and a 3% a year.
Please reference supporting information for this. It would also create some ‘legal’ problems too..
It’s true the libs hate the idea of American exceptionalism…
No they don’t hate capitalism… they just don’t understand it. But for that fact, neither to the republicans completely understand it. The republicans think it is Laissez-faire, which it isn’t either.
Even his precious media and the rich celebs will turn on him sooner if not later.
This may happen.. if it does, it will push back black ascendancy in the political landscape over 20 years. Obama has to be real careful. The black vote had a lot to do with him being elected, yet if he screws up.. real trouble.
November 6, 2008 at 12:12 PM #300658ParticipantAnd the coup d’ `etat that will destroy the stock market from our brilliant Harvard grad.: taking over the 401 K’s by guaranteeing a roll back to the July level and a 3% a year.
Please reference supporting information for this. It would also create some ‘legal’ problems too..
It’s true the libs hate the idea of American exceptionalism…
No they don’t hate capitalism… they just don’t understand it. But for that fact, neither to the republicans completely understand it. The republicans think it is Laissez-faire, which it isn’t either.
Even his precious media and the rich celebs will turn on him sooner if not later.
This may happen.. if it does, it will push back black ascendancy in the political landscape over 20 years. Obama has to be real careful. The black vote had a lot to do with him being elected, yet if he screws up.. real trouble.
November 6, 2008 at 12:12 PM #300675ParticipantAnd the coup d’ `etat that will destroy the stock market from our brilliant Harvard grad.: taking over the 401 K’s by guaranteeing a roll back to the July level and a 3% a year.
Please reference supporting information for this. It would also create some ‘legal’ problems too..
It’s true the libs hate the idea of American exceptionalism…
No they don’t hate capitalism… they just don’t understand it. But for that fact, neither to the republicans completely understand it. The republicans think it is Laissez-faire, which it isn’t either.
Even his precious media and the rich celebs will turn on him sooner if not later.
This may happen.. if it does, it will push back black ascendancy in the political landscape over 20 years. Obama has to be real careful. The black vote had a lot to do with him being elected, yet if he screws up.. real trouble.
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