Posted on 11/21/2008 6:13:07 AM PST by upchuck
The stock market was down another 400 points or so yesterday. People are wondering where in the world this will end. Retirement funds are being devastated. People are losing jobs. The picture certainly isn't rosy right now, and nobody can really explain why. The media, on the other hand, is certain that there is one recent event that is having no effect whatsoever on this economic slide; and that would be the election of Barack Obama.
OK ... why don't you try to put on an investor hat for a moment here. Let's say you're considering getting back in the stock market. You know that some stocks out there are at historic lows, and they're bound to bounce back ... right? So why don't you just take some money out of your savings or out from under your mattress and plow it back into the market?
Let's see if we can find any reasons why you might hesitate.
We have a president-elect who ...
So .. think about it. We've only scratched the surface here. We could also talk about expanding the family leave act and many other little federal anti-business goodies. Invest now? Why? Doesn't it make more sense to wait until you get a true measure of our new anti-capitalist president?... has promised to raise capital gains taxes, perhaps even double them. So this guy is just waiting for you to jump into the stock market and make some money so he can seize a huge portion of it. Why jump now? Obama has been asked if he plans to go forward with his capital gains tax increase, but he's not saying. Just hold off on your investments for a while until he tips his hand. If he goes the tax increase route you might want to consider trying to move your money offshore to grow until he's out of the picture.
... has promised to sign the so-called "Card Check" bill. Now again, you're smarter than the average voter, and you realize that this unionization-through-intimidation idea is going to have an adverse affect on American business. As soon as the bill is signed union thugs (organizers) will start their petition drives at thousands of businesses across the nation. Large businesses and small businesses. America's largest employer, Wal-Mart, will be one of the first targets. You don't know how far this will spread, but you do know that every business that is unionized will be a poor investment for you. So you wait .. you wait to see what is going to happen with card check.
... has promised to raise income taxes on the largest jobs producing segment of our economy, small businesses. During the campaign you heard him say that he would not raise taxes on 95% of small businesses, but you know that most of the jobs rest with the remaining 5%, and that's where most of the new jobs would be created. The ignorant voters bought his 95% line, but you're not that stupid. You saw through his rhetoric. So, again, why jump into the market now? Wait until we see what Obama is going to do with these tax increases on America's jobs-producing machine.
... has promised more business regulation. Obama is no fan of free enterprise. He loves government. Obama believes America is great because of government. You really think you need to wait before you make your investment moves until you see just what regulatory punishment Obama has in mind for the free market.
Makes sense to me.
My question: Which will find a bottom first, gas prices or the stock market :)
Reminds me of the standard reporting approach to catastrophes since 9-11: "There have been a series of explosions all over town this morning. Dozens are dead. Police say the situation is very confused and we don't know what's going on. The one thing we can say, is that this is not a terrorist attack."
Uh-huh.
My 401(k)............
FWIW ... the commies have already indicated they will try and tax fuel to make it at about the $3.50 per gallon level.
The bottom? You ain't seen nothing ... yet.
By referring to it consistently as the “Obama Crash” in all correspondence and in media, it may begin to sink in. Nothing is as contagious as discontent. Spread it.
Yep...
A picture is worth....
A new Axis of evil is forming against us and the sheeple are celebrating their “victory” over capitalism.
Everybody with eyes senses a lightweight in the lead.
It's going to be a rough few years ahead.
Get used to it.
Due to the stupid ones remarks of taxing everything, my stock has lost over a third of its high so far.
One could say that Obama is a financial terrorist.
(I'm pretty sure he promised that. Or maybe it was curing Male Pattern Baldness?)
Thank you for that encouragement :)
Those 401K’s are becoming 201K’s
That’s so the people will actually cheer when the gubmmint seizes them and renames them “O”K’s which will pay a magnanimous yield of 3% which “O” will “ask” you to share when cashed in.
The the past two years the mainstream media and Liberal domestic terrorists have told the American people how bad the economy is under the hated George Bush. Now that they’ve succeeded in getting their Muslim Messiah elected, they’re trying to convince America that, as of November 4th, the economy is miraculously “good” overnight. Too late, thanks to their devious campaign the economy is in the toilet, now their Messiah will have to play the God they told the sheeple he was. The “change” Liberals promised, in truth, will be massive unemployment and rage throughout the country. Welcome to Socialist America.
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