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Reply With QuoteShow lots of confidence in the markets. High unemployment, slow growth, higher taxes, yep that's what we need. Good thing he got re-elected. the 47%ers have a bright future.
This is a discussion on Downward: Stocks Crash After Obama Win within the Politics forums, part of the Main Category category; The Dow Jones Industrial Average lost nearly 250 points in the first hour of trading on Wednesday morning, the day ...
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Downward: Stocks Crash After Obama Win The Dow Jones Industrial Average lost nearly 250 points in the first hour of trading on Wednesday morning, the day after President Barack Obama won re-election to a second term in office. News of poor economic forecasts in Europe also drove the steep decline; the European Union is now predicting that it will slide into recession.
European markets had actually greeted the Obama win with a brief rise, before economic reality set in. Growth is too slow in the U.S.--an anemic 2% at best, driven largely by third-quarter defense acquisitions--to take up the slack in the global economy. With the U.S. headed toward a fiscal cliff, and the balance of power in Washington essentially unchanged, with the president promising more tax hikes, markets see little reason for optimism.
Renewed job creation, strong retail performance in the fourth quarter, and a political solution to the long-term debt problems of the U.S. government would all combine to create a sunnier outlook. But for the moment, those goals are uncertain, and the economic outlook on the morning after Obama's triumph looks dim for now.
Show lots of confidence in the markets. High unemployment, slow growth, higher taxes, yep that's what we need. Good thing he got re-elected. the 47%ers have a bright future.
"You can get a lot accomplished if you don't care who gets the credit" - Ronald Reagan
Yeah, is anybody surprised?
Hope and change! Forward. (Off the cliff).
“Self defense is a primary law of nature, which no subsequent law of society can abolish; the immediate gift of the Creator, obliges everyone … to resist the first approaches of tyranny.” -- Elbridge Gerry
So the financiers decided to riot if Romney wasn't elected. And you all thought you'd have to defend yourselves if Obama lost. Problem is, your firearms aren't much good against the wallstreeters robbing your economic future.
Anyone who still has their accumulated wealth in today's markets is a proven economic illiterate. I'm not getting hurt one iota today. Are you nogods?Originally Posted by nogods
Blues
Gun Control: The theory that a woman found dead in an alley, raped and strangled with her own pantyhose, is somehow morally superior to a woman explaining to Police how her attacker got that fatal bullet wound.
As I said earlier thank all the idiots that voted for Obama lama. Can"t wait to hear them start crying.
Keep your powder dry.
Yup, I'm sure that the REAL hurting hasn't even begun yet.
Samuel Colt did more for equality in America than any civil rights activist.
I have a little more work then vacation & deer hunting. Doing my best to forget some of this. Who is going to blame next? Will he say he inherited it from himself?
This most recent drop in the stock market isn't a crash. It's merely the screeching of the tires before impact.
I used to be a government-educated stooge. By the grace of God, I repent. -Robert Burris
And down another 120 points today.
NRA Life Member.
Normal is an illusion. What is normal to the spider is chaos to the fly.
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