Why Obama's Bullish on Stocks

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If I read and heard the legislation right, it is October that we need to worry about. This of course will be the time when the new taxes go into effect. Small business along with all major industries in America will be in for a rude awakening!
So much for charitable giving to higher institutions of learning or any other humanitarian giving. Oh and lets not forget that the US will be taxing money made in other countries. If I am not mistaken this will make us an oddity when compared to other nations. First the nation that the company is in taxes the business and then they get taxed again when they bring it home to US soil. Other nations refund the companies for the foreign taxes. Not this legislation. Socialism at work again. Thanks Barry Soetoro!! (aka Barack Hussein Obama)

Jeff of WI 3:04AM March 04, 2009

After all, according to the greatest economist of the 20th century, Chauncey Gardner, "There will be growth in the spring."

GARY51 of CA 2:21AM March 04, 2009

If you think its nuts now, wait until June 1. Just take some time and read the news on this page and the other news websites online about what the administrations, Federal and State have in mind for uplifting the economy. Oh, bye the way, have any of you gotten your 13 bucks yet from Uncle..bye the time you get it, it won't buy you a burger but it might help you pay one of the new taxes coming up...
Are we all this stupid to just let them do it and sit and watch the house burn down?

Tom in San Diego of CA 10:01PM March 03, 2009

And Larry of CA is right. Every time Obama opens his mouth or unveils a new scheme, I lose money. His inexperience and lack of knowledge about economic matters is hurting us.

Phil of OH 7:08PM March 03, 2009

And Larry of CA is right. Every time Obama opens his mouth or unveils a new scheme, I lose money. His inexperience and lack of knowledge about economic matters is hurting us.

Phil of OH 7:07PM March 03, 2009

Katy,
What you're not pointing out is his much the market has tanked since he assumed office. I heard this morning that something like $3 TRILLION in wealth has been wiped out in the market so far during his short tenure.
Of course, he is not soley to blame, but middle class investors like myself (and others) have little confidence is his ability to rectify the economy. In fact, he's making it worse with his reckless, rushed, & monumental spending.
Sadly, Obama's unreassuring comments today show that he cares little about those with IRAs, 401-Ks and 529s in the stock market.

Phil of OH 6:52PM March 03, 2009

Mr. President how about worrying about getting this economy back on track and becoming business friendly and stop giving investment advice.
Every time you speak I lose money, stick with night basketball and leave the investing to the people that know something about it.
Remember you wanted this job

Larry of CA 6:32PM March 03, 2009

But you can buy twice as many Dow 30 shares for your money than just 16 months ago.
If you were a buyer in October, 2007, when all looked well, you got taken. Are we supposed to wistfully look back on that as a "good" thing?
What's happening is that the Republican mantra of "In Corporations We Trust" just got busted bigtime and world wide.

Muser of NM 5:51PM March 03, 2009

The statements he made were qualified enough to be safe, "potentially good deal", "long-term perspective", the missing "starting to get to the point".
They aren't there yet, so lets hope all of the retirement funds are being very careful about which stock they invest in.
He sounds like a politician, being very careful about what they say.

winzy of IL 4:56PM March 03, 2009