The stock market took a nose dive when Obummer won the election. Are you on the layoff list?
7 Answers to "The stock market took a nose dive when Obummer won the election. Are you on the layoff list?"
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Of course not. The stock market will rebound. It only heads south for long periods when we have a republican president. Check your history.
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There's no history that can be attributed to this idiot unless you look into north korea.
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Disagreed, much as I would like to nod. Too many other factors involved, plus that economic cycles tend to be longer that four years. As @historiansfallacy says, Presidents are more often controlled by the economy rather than the other way around -- even Calvin Coolidge and Franklin D. Roosevelt, both regularly blamed for their involvement in the last really big economic train wreck.Like (1)
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From all I see the dive is actually not a dive, but a return to reality. An election will cause hype and movement, which is what, was seen up to the election, it was not a true reflection of the economy but a created temporary surge. After the election is over things return to what they really are. The reality is the world is in an economic crisis. North America, USA and Canada are doing better than most around the world. Go have a look at how people are doing in Italy and Russia for example.
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Don't forget Greece and Spain. Arbitrary and aggressive cutbacks -- "austerity" in the current buzz, another good word captured and misused -- shut down productivity and send investors running scared. As @Literaturegirl says, it's a global economy ... disagreeing that all or only Americans think it only happens to them, I read that some Europeans feel the same way.
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Boeing closed factories in California. Hostess closed factories is several states. The national shut down is just beginning. Ten thousand other companies are looking at the new Obamacare taxes, Income tax increases, etc., that are all starting in 2013 and planning to shut down right after the holiday season. This will make Roosevelt's Great Depression look like full employment.
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Nothing to do with the impending "fiscal cliff" created by Congressional resistance to compromise, of course. Not surprising that the top 1% panicked when We The People voted for hope instead of fear, for change instead of feeding more corporate welfare to the top. Don't forget that We, the majority of citizens, also voted out two Senate troglodytes who were standing in the way of agreeing on a way forward ... and We voted in Elizabeth Warren, and We voted in Bob Casey, and We voted in Tulsi. That's how representative democracy works -- could be that next cycle, those among We The People who want to roll the country's clock back and recapture the past will be in the majority -- but this time, We voted in slightly more people who are pushing ahead into the gray and uncertain fog of tomorrow. You can take comfort, if you like, in the knowledge that We also voted to keep the legislative House that holds the purse strings of the Nation's wallet in control of the "austerity is good" Representatives that We re-elected, the ones who have taken as their banner an act of civil disobedience against big business in the Past that probably caused a wave of layoffs on the Boston waterfront, just as the so-called "fiscal cliff" created to satisfy will do if they reject compromise ... We -- We -- are all Americans. We should respect the mixing bowl of representatives We Elected, according to our Law. Especially the President of the United States of America, Barack Obama.
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Obama bailed out big business. then he acts like he's against it.
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It's called compromise. Some of us are unhappy with the Gitmo compromise, also -- speaking as a Veteran for Peace, here. But my main point is that We. We. Are. Americans. My second point is that the titans of Wall Street are scared that the sausage machine of Compromise has jammed, and that Congress will not act to fix the compromise laws that created the "fiscal cliff".
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Two Words:
Hostess TwinkiesLike (1)
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Twinkies, preserved forever! Just don't ever eat them, or the Ho-hos ...
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There are going to be a lot of people who were delirious when Hussein won that are going to get a horrible wake up call one of these days. But then it will be too late.
A big thanks are due to all the Useful Idiots out there.Like (1)
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The same has been said after every electionLike (1)
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Perhaps, but this was about the last chance we had to save our country from those who think they are owed a living from their government. Hussesin promotes this mindset and encourages class warfare and envy. Once we get beyond 49% producers of wealth and 51% deadbeats we are screwed. They will keep on voting for whomever promises to keep the goodies coming.
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Best Answer (Chosen by Voting):
Posted by musicbook Nov 21st, 2012 at 7:59AM
Before you get all right-wing Nazi on us, the stock market took an even bigger nose dive when Bush became president.
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Reply by mjt550 Nov 21st, 2012 at 8:06AM
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Reply by Iobject Nov 21st, 2012 at 8:09AM
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