Just living up to lowered expectations.
The adults in the room are anticipating the effects that an Obama administration will have on the general state of economic and financial considerations over the coming months. Someone predicted a stock market DJIA standing at about 5500 as of the day of inauguration, that may be optimistic.
Now would not be the time to be instituting higher tax rates on capital gains or net incomes of any level. Revenues to the US Treasury are going to really crash over the next few months, years maybe, before they get back up to the current levels. This does not bode well for any expansion of schemes for “spreading the wealth around”.
Enforcement of these new government issued orders may be a little hard to carry out.
The “pie” people are gonna be mad...real mad. It is all about them, isn’t it?
Atlas is shrugging in slow motion.
Buy ammo.
Please remember in 2012 to ask yourself “Am I better off today than I was 11-4-2008?”
You think we are behind today, just wait, you will see what behind really looks like.
God help us!!
It’s called Buyers Remorse! We should have a 3 day waiting period after the vote to change your mind like the law allows when you sign a contract to purchase anything while at home which allows the buyer to cancel the contract anytime during the following 3 days. We might have a different president-elect if that was the case.
Wait until the the zero has his press conference tomorrow!
Where can you track the status (never invested in the market)? This is two days in a row post election.
Actually, I'd agree with the author on that point.
It's related to the fact that Obama is a radical socialist who has promised to raise capital gains taxes.
“Pundits who just days ago were saying that U.S. Citizens had more faith in Obama when it related to the economy are now having to hurriedly work up stories reassuring the public that this drop isn’t related to public fear that Obama is not up to the task of managing the current economic problems”
And doing a fine job of it to. It is all because of the jobs reports and such...nothing at all to do with BO. [sic]
Wall street figured out that Obama’s plan to tax the coal industry into bankruptcy demonstrates that he clearly understands the relationship between taxation and commerce and the impact of higher taxes on small business owners. That along with the dems plan to take over 401k retirement money and what else is left? How can anyone make a buck anymore? I mean what industries will thrive? What new technology will create a new wave of success? Anything (other than Hollywood) that makes a buck will be taxed and then taxed again with a targeted “obscene profits tax”.
Congratulations Main Street, or is it MLK Blvd?
Crime is always bad for business.
MSM says it is not the half and half’s fault. It is the tanking economy.
I want to end our long term care insurance too because we can get on Medicaid and we have no heirs. We have decided not to fight socialism but give in and take advantage of govt handouts. (Not sure that I can do this, but I'm telling all my progressive friends that I am.)
B. Huseein O’s fault.
Is Atlas beginning to Shrug? Ping!
has anyone in the media even mentioned this