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Thread: Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal

  1. #21
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    Re: Market Votes For The Tax Hikes on the Rich -- DOW rises over 300

    Quote Originally Posted by TurtleDude View Post
    more head in the sand action on your part.

    the tax hikes had no real role in why the markets reacted as they did

    it was the deal. and most of your post is just plain stupid as well as oozing the class envy your posts tend to contain
    You wouldn't know class envy if it bit your ass since nothing I posted even came close to class envy. The facts are the market is doing well with Obama being president (I thought the world was going to end according to some right-wingers if Obama was re-elected) and the markets are doing well even with the deal.

    You're just mad that the doom and gloom you conservatives "predicted" from your faulty crystal balls isn't coming to fruition.

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    Re: Market Votes For The Tax Hikes on the Rich -- DOW rises over 300

    Quote Originally Posted by TheNextEra View Post
    You wouldn't know class envy if it bit your ass since nothing I posted even came close to class envy. The facts are the market is doing well with Obama being president (I thought the world was going to end according to some right-wingers if Obama was re-elected) and the markets are doing well even with the deal.

    You're just mad that the doom and gloom you conservatives "predicted" from your faulty crystal balls isn't coming to fruition.
    now you are making stuff up. I don't believe in group identifications, guilt or benefits so why should I get upset over something you claimed someone else said? Obama sucks, you know that, I know that. and his whining about "the rich" not paying their fair share is sort of a litmus test-if you believe that crap I pretty much right you off as being silly (I am not saying you said that)

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    Re: Market Votes For The Tax Hikes on the Rich -- DOW rises over 300

    Quote Originally Posted by TurtleDude View Post
    now you are making stuff up. I don't believe in group identifications, guilt or benefits so why should I get upset over something you claimed someone else said? Obama sucks, you know that, I know that. and his whining about "the rich" not paying their fair share is sort of a litmus test-if you believe that crap I pretty much right you off as being silly (I am not saying you said that)
    I don't believe that the wealthy aren't paying their fair share, but I do agree they are the most capable of paying an increase in taxes. That's just a fact. We can go into the whole right and wrong thing with that, but the fact is they can.

    Where I agree with most of the right on is that REAL spending cuts need to happen out of good faith before raising taxes. The federal government has a huge spending problem and while increased revenue through raised taxes MIGHT decrease a very small portion of the debt, without spending cuts it is like putting a bandaid on a severed hand hoping to stop the bleeding.

    Eventually taxes WILL need to be raised, but I think the government needs to prove itself more responsible before doing so.

    I lost faith that the GOP could be fiscally responsible during the Bush years and the Dems pretty much sealed the deal at the end of the Bush era and beginning of the Obama era with any hope they could. No side currently speaks for me.

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    Re: Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal

    Quote Originally Posted by head of joaquin View Post
    Nothing like the stock market to clarify what people really think about economic policy. The tax increase on the wealthy, along with continued lower taxes on working Americans resulted in a huge 300 point gain today.

    Meanwhile conservatism and its debt and anti-tax fetishes seem increasingly irrelevant to US politics.

    Get all the good news here:

    Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal
    Anyone with half a brain predicted that. Safe haven investments. When dividend & capitol gains taxes are high put your money into safe haven investments, there is no incentive to invest. Once the movement of money stops, I estimate 6 mos. to a year, we will see the amount of daily trades drop off considerably.

    People will then continue to roll over their dividends & gains to avoid the additional taxes taking out the minimal they need/want. Great for the huge mega corps, banks and big business, bad for the economy & small business.

    What will suffer is investment in small business', new untested technologies & high risk investments...among others.

    In other words stagnation. At a time when we actually need investment in small business, new technology etc...they remove all incentive to do so.
    Know the truth and the truth will make you mad, because the truth has no agenda.

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    Re: Market Votes For The Tax Hikes on the Rich -- DOW rises over 300

    Quote Originally Posted by head of joaquin View Post
    Even Wall Street realizes that the rich need to pay more and that the tea party's insane plan to cut expenditures would hurt the economy.

    How do we know that: THE DOW WENT UP 300 POINTS BECAUSE OF OBAMA'S VICTORY OVER THE GOP ON THE FISCAL CLIFF.
    The jump in the DOW is just people moving money around, I wouldnt be getting so excited and calling it a victory for Obama that the DOW jumped Wednesday. There should be a lot of fluctuation in the market over the next week or so, ups and downs....DOW, NASDAQ, S&P, Nikkei 225 etc. will have its ups and downs this week....the DOW is already down 105 pts as of 10 AM today.

    Add to that the market - even tho it was open over the holidays it didnt have a lit of the players playing...some of that was making up for downed time.
    Know the truth and the truth will make you mad, because the truth has no agenda.

  6. #26
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    Re: Market Votes For The Tax Hikes on the Rich -- DOW rises over 300

    Quote Originally Posted by head of joaquin View Post
    Even Wall Street realizes that the rich need to pay more and that the tea party's insane plan to cut expenditures would hurt the economy.

    How do we know that: THE DOW WENT UP 300 POINTS BECAUSE OF OBAMA'S VICTORY OVER THE GOP ON THE FISCAL CLIFF.
    Funny how you have no problem with sacrificing the future of our country for 300 points today on the DOW. This President, Senate, or House will not deal with our deficit or debt problem in the next 4 years. If things continue as you would like, Republicans and in particular Tea Partiers, will lose their seats in the House in 2014. Gov't spending will then increase even more. You have no issue with that either. You continue to speak of this 3% growth in all of your posts. That growth means nothing when the money is blown on wasteful spending. Everytime our economy gets better, the gov't gets bigger. Its a vicious cycle that no one, and especially President Obama and the Democratic party, have any interest in stopping. What's your excuse for supporting this?
    “Mr. Speaker, I once again find myself compelled to vote against the annual budget resolution for a very simple reason: it makes government bigger.” ― Ron Paul
    Timid men prefer the calm of despotism to the tempestuous sea of Liberty. – Thomas Jefferson

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    Re: Market Votes For The Tax Hikes on the Rich -- DOW rises over 300

    Correct me if I'm wrong, but the fiscal cliff was a majority Republican creation. It was an artificial crisis, not a real one. Just like how they almost shut down the federal government two years ago in another manufactured crisis which led to a credit downgrade.

    There is no question that the government is able to meet its debt obligations, and talking about reducing the deficit in the short term is ludicrous. In other words, all of this partisan quackery that we have had to deal with coming out of congress and the white house have been for no real reason.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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    Re: Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal

    Quote Originally Posted by head of joaquin View Post
    Nothing like the stock market to clarify what people really think about economic policy. The tax increase on the wealthy, along with continued lower taxes on working Americans resulted in a huge 300 point gain today.

    Meanwhile conservatism and its debt and anti-tax fetishes seem increasingly irrelevant to US politics.

    Get all the good news here:

    Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal
    But, when the market took a dump after Obama's re-election, they wrre all just a bunch of sore losers. Gotta love Libbo logic.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal

    Quote Originally Posted by head of joaquin View Post
    Nothing like the stock market to clarify what people really think about economic policy. The tax increase on the wealthy, along with continued lower taxes on working Americans resulted in a huge 300 point gain today.

    Meanwhile conservatism and its debt and anti-tax fetishes seem increasingly irrelevant to US politics.

    Get all the good news here:

    Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal
    Everyone knows this is Bush's fault; Obama inherited this from Bush.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Dow Jones Industrial Average Jumps 308 Points After Fiscal Cliff Deal

    Quote Originally Posted by American View Post
    Everyone knows this is Bush's fault; Obama inherited this from Bush.
    He didn't build it. Somebody else (Bush) made that happen.
    “Mr. Speaker, I once again find myself compelled to vote against the annual budget resolution for a very simple reason: it makes government bigger.” ― Ron Paul
    Timid men prefer the calm of despotism to the tempestuous sea of Liberty. – Thomas Jefferson

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