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Name:	water_watcher -	Reply
Subject:	Stock Market down 10% since election
Date:	11/15/2012 6:29:19 AM

Since the election the market has been down every day except 2.   It is like a hangover and realizing there may be no recovery.

As predicted ... Obama cares less about the middleclass or any other class ... the results show that ... so unless he gets what he wants then it is screw them.

The more I think about it ... let all the "Bush" tax rates expire ... then lets remind everyone that the GOP put them in place and wanted to keep them for everyone ... but Obama feels returning to the Clinton rates will help the economy.   The economy under Obama is going to tank no matter what.   Maybe the American people will realize there are consequences to elections and voting for the same idiot that lied the previous 4 years does change a thing.

Basically Obama is saying higher taxes will "help" the economy ... so lets have higher taxes for all and we will see.   obviously he feels the government can spend peoples hard earned money better than they can ... I know fish and archie feel that way and hope they are sending more to Washington now .. why wait.

Name:	MartiniMan -	Reply
Subject:	Its only the beginning
Date:	11/15/2012 8:13:47 AM

Investors are making a rational decision because they see the potential for $1.7T in consumer spending going out of the economy and to the government where it will be wasted. I left the markets on November 7th before the collapse. Precious metals and ammunition are the better bets. We are headed toward another, deeper and more damaging recession. TOTUS voters.....you bought it.....you own it. Speaking of TOTUS, did you see his new hairdo? Must be a midlife crisis because all his gray is gone. Probably wanting to spend more time hanging with some generals so he can score chicks and they advised him to get rid of the gray. What a phony.

Name:	roswellric -	Reply
Subject:	Interesting to think about the consequences....
Date:	11/15/2012 10:53:45 AM (updated 11/15/2012 10:54:38 AM)

1. Initially I think we'll have an upward trend in unemployment in the first quarter as millions of small companies trim their payrolls for Obamacare. My accountant says he has been flooded with calls about how to avoid the expenses of the legislation.

2. Then corporate earnings will take a hit say 2nd quarter and the market will sink more. Recession returns.

3. But the real job killer will be a result of significantly rising labor costs giving the incentive for big companies to shift labor intensive work overseas. Might be a good play on Chinese and Asian stocks.

Who know what the tax hikes will bring but it certainly won't stimulate the economy. Tax hikes can't bring interest rates down any further so that's out.

My final prediction is the government will tinker with the tax code some more to incentivize hiring...giving yet more tax breaks to big corporations and the wealthy. Probably the ones with lots of union labor.

ah yes...the opposite and unintended consequences. Maybe we need a nice big war.

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