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President Obama Is Why Investors Arenít Buying Stocks: Schoenberger
Yahoo Finance ^ | November 15, 2012 | Jeff Macke

Posted on 11/15/2012 11:07:59 AM PST by John W

"President Obama; that's why people aren't buying stocks," says Todd Schoenberger, managing principal at The BlackBay Group.

1. Companies aren't going to hire with the increased expenses associated with Obamacare

2. People aren't going to have money for discretionary spending when taxes going up for the 1%

3. Small business owners won't expand

4. Higher tax rates for individuals making over $250,000 a year will result in a general lack of ambition.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; jobs; layoffs; obama
Posted because it is such a rarity to see a straight news story that speaks of this.
1 posted on 11/15/2012 11:08:03 AM PST by John W
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To: John W

Don’t forget that His Majesty also said that electric rates will necessarily double. For some companies this could be more expensive than Obamacare.


2 posted on 11/15/2012 11:11:32 AM PST by Inwoodian
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To: John W

Has this story been approved for release by major media?...I think not!


3 posted on 11/15/2012 11:12:05 AM PST by AngelesCrestHighway
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To: John W

And entrepeneurship has basically broken down as those who can are less likely to invest lest they be punished one way or another by the Obama so-called administration.


4 posted on 11/15/2012 11:17:12 AM PST by onedoug
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To: John W

This is just the beginning of the soup hitting the fan...


5 posted on 11/15/2012 11:18:47 AM PST by econjack (Some people are as dumb as soup.)
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To: Inwoodian

The pending election of Obama was a big reason why my wife and I sold off nearly all of our stocks and stock funds back in the spring of 2008 when the Dow was sitting around 12,500-13,000. 4-1/2 years later, and it looks like the Dow may be dropping below this range soon enough.


6 posted on 11/15/2012 11:19:42 AM PST by CatOwner
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To: John W
My average returns through 8 years of Bush was 32% and -5% through 4 of der obamafuhrer.

Yes, it was Bush's fault that I once prospered.

7 posted on 11/15/2012 11:28:23 AM PST by AmusedBystander (The philosophy of the school room in one generation will be the philosophy of government in the next)
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To: John W

CNBC and Bloomberg networks are furiously peddling the fantasy that the stock market crash after the election is solely due to “the fiscal cliff” and that, of course, is the Republican’s fault....the TEA Party Republicans in particular.

Any sane observer knows that the stock market was going up before the election because investors thought Romney would win. The morning after the election, they took out their disappointment on the market, and it’s been in a swoon ever since. But the ObamaBots at the business networks will never admit that.


8 posted on 11/15/2012 11:38:09 AM PST by txrefugee
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To: Inwoodian

“There’s no reason right now to work hard and actually do something with your life, to actually become a huge success,” Schoenberger wails, “because, if you are, you’re the villain and villains are meant for Batman and Spiderman movies, not for America right now.”
Well heck no - why bother. If you are busting your butt working for a living, you’ll get taxed to death so the govt can distribute your hard-earned dollars to the deadbeats and illegal aliens. If you’re a deadbeat or illegal alien, you’re life is grand cuz everyone else is busting their butt taking care of you.


9 posted on 11/15/2012 11:38:59 AM PST by fivecatsandadog (Don't let reality ruin your day.)
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To: txrefugee
The way CNBC is peddling that crap not to blame Obama is beyond the point of ridiculous.
Anyone with any sense knows this is the *Obama Crash*.
The market was looking for a trigger and to give up hope, this was it.
Probably wouldn't have happened with a Romney win, would have been some hope, now there is none.
10 posted on 11/15/2012 11:47:54 AM PST by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: fivecatsandadog
If you are busting your butt working for a living, you’ll get taxed to death so the govt can distribute your hard-earned dollars to the deadbeats and illegal aliens. If you’re a deadbeat or illegal alien, your life is grand cuz everyone else is busting their butt taking care of you.

“The London Company had agreed to provide the means for the launching of the Virginia colony; however, it was stipulated that no wages would be paid. The Company promised that houses would be built for everyone but stipulated that when the crops were harvested they would be divided among the settlers equally. The Company was to receive its share of the profits and after several years the settlers would receive a division of the proceeds and enough land for farming and the building of private dwellings.

Today we would call this scheme ‘voluntary’ communism. However, it did not take long to discover that human nature does not adapt itself to working voluntarily when it is known that all will share equally in the harvest whether they worked or not. Not only is this arrangement an open invitation for the lazy to engage in malingering, but those who actually do the work feel cheated when they see the lazy settlers getting as much as those who performed the labor. Before long this voluntary communism became compulsory communism.” (W. Cleon Skousen, The Majesty of God’s Law It’s Coming to America, Ensign Publishing, Salt Lake City, UT, (1996), p. 341)

Try Liberty: Jamestown Virginia

11 posted on 11/15/2012 11:52:50 AM PST by MissMagnolia ("It is when a people forget God that tyrants forge their chains" - Patrick Henry)
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To: John W

Its worse than Not Buying. People are Selling. and selling.


12 posted on 11/15/2012 11:56:24 AM PST by Gasshog
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To: John W

a cold hard statement of truth and fact.

he is anathema to Capitalism.

he would be happier in EUrope or Venezuela.. or Cuba.


13 posted on 11/15/2012 12:02:40 PM PST by NormsRevenge (Semper Fi)
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To: John W

No kidding. I’ve been selling nearly daily since the election.

And it isn’t about storms, fiscal cliffs, or the latest government report.

It is about 0bama’s DESTROY CAPITALISM agenda.

Stocks are stupid until there is a -50% debacle. Maybe then a person could bottom fish.


14 posted on 11/15/2012 12:03:42 PM PST by Uncle Miltie (0BAMA CHOSE to watch a MUSLIM SNUFF FILM rather than a HEROIC AMERICAN RESCUE FILM)
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To: John W

What about capital gains tax rates doubling next year. Can’t help.


15 posted on 11/15/2012 12:06:42 PM PST by Sybeck1 (When do the vodka rations start?)
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To: John W
President Obama; that's why people aren't buying stocks

Gee whiz, ya think??? Suppose that's why they are selling too???

16 posted on 11/15/2012 12:10:31 PM PST by Hattie
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To: Uncle Miltie
Just before I sold my stock I looked at the ratings recommendations for each one. All the experts were saying buy or accumulate, good stocks. Well they were all going down. Yup I'm out except for one medical stock which is going up because it is very good. I expect it will also be a sell before January 1st. I check it several times a day and will sell it at the first burp.
17 posted on 11/15/2012 12:22:57 PM PST by Cold Heart
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To: Uncle Miltie

Everyone should wise up just as you have and right now! If a people can find a way; they should put their assets out of reach of the thieving Commies until and if things improve. Feeding Obama’s freeloading voter base will only make it grow and assure the Commie Dems power from now on.


18 posted on 11/15/2012 1:11:09 PM PST by Aleya2Fairlie
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To: Aleya2Fairlie

can an AMerican have a Canadian bank account?...can an American buy land in Canada?


19 posted on 11/15/2012 9:44:14 PM PST by cherry
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To: cherry

” can an AMerican have a Canadian bank account?...can an American buy land in Canada?”

Not sure why you ask. At this time in America, you can choose to have your assets progressively taxed out of existance or use them to your own family’s advantage until such time as Socialism makes it illegal for you to have even one dollar more than is considered by our government to be “necessary” for your life. That time will be upon this country sooner than you think.


20 posted on 11/16/2012 6:39:53 PM PST by Aleya2Fairlie
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