McCain Stocks Soaring

November 4, 2008 RSS Feed Print
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Not only is the Dow up nearly 300 points, but Pfizer and Merck are up strongly. Both stocks are supposed to suffer from Obamacare. Is the market rallying on the certainty of an Obama win or on hopes of a McCain upset? Me: I just don't see how the certainty of higher taxes, more regulation and more unionization helps stocks. Plus, stocks tend do poorly under unified government.

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I'm still trying to figure out exactly how Bush killed the economy. And i'm looking at this from a macroeconomic viewpoint because um...the large troubles do stem from macroeconomic issues.

First, I'd like to thank Bill Clinton for signing NAFTA with China after he accepted illegal contributions from them. Yes, China. Before Billy Boy left office, the trade deficit with Cihna alone exceeded $400 billion dollars. Michigan and Ohio both suffered miserably fromt the $100 billion trade deficit with Japan so Bill Clinton promised to clean that up. Meanwhile, the same problems existed because Clinton never bothered to lower the barrier to U.S. exports. What in the world is so great about Clinton to begin with? Bush was actually trying to hustle U.S. exports abroad when he ran into antiamerican sentiments. Nice job.

Next, I would also like to thank Bill Clinton for passing the Gramm, Leach and Bliley Act. He also supported the CRO. The derivative market started under Bill Clinton's presidency.

Next comes the dilemma of our relations with the Middle East. Now why are we supporting them if they hate us so? We should be able to drill offshore and in Alaska until alternative fuels become AFFORDABLE and abundant for mass use?

And the coal plants in Ohio and Pennsylvania, is it really necessary to bankrupt these guys to make coal cleaner? Do liberals care that all of these employees will be out of work? Or to pimp out the biofuels? I think Obama got lobbied to do that.

But anyways, the typical "enlightened" Obama supporter I ran into couldn't tell the difference between Indonesia and Japan. the reason why Obama had such a nasty campaign is because they didn't want to address the issues. they did so because they couldn't.

McCain is a little too far left for me, and how Obama got the presidency goes against the grain of common sense.

notanobamasupporter of CA 5:46PM November 06, 2008

sub prime mortgages are NOW Bush's fault?! where were you when Clinton himself STATED it's the fault of the Dems. THEY did this. They refused to rein in Freddie and Fannie. McCain tried to introduce legislation that would control them, he called THIS very issue YEARS ago. The Dems said: won't happen.

McCain is NOT a Bush. He has his own policies and agenda. And if anyone TOOK the time OR cared to find out the truth, they would see that McCain during his (so far) Senate career has voted liberally 54%. That's NOT another Bush presidency. No matter how much you want to spin it.

Regarding helping others get wealthy: IF they want to work hard and save: they TOO can become wealthy. Everyones idea of wealthy is something different. Mine is having enough so that IF I want to help out my elderly parents, or gosh forbid! send my kids to college! I won't suffer too much. But I'm not looking for anyone to 'help me out'. I figured that the American Dream was in place. IF I want it: I'd better be willing to work for it. And save my money.

I have NO desire to help others become wealthy outside of my own family. I will never believe that it is MY job to give MY money over to others so they can have what I have. And I don't expect anyone to give me what they have either. They earned it.

TC of 11:52AM November 06, 2008

Don't believe me? Google it.

of 10:40PM November 05, 2008

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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