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Why Obama's Bullish on Stocks

March 3, 2009 RSS Feed Print

It seems pretty unusual for a president to weigh in on Americans' investing decisions. But today--a day when the S&P touched down below 700 for the first time since 1996--Obama said we should all consider investing in the stock market. Via ABC News:

"What you're now seeing is...profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it."

Obama's smart investor move: Not focusing on the "day-to-day gyrations" of the market. He compared the Dow's wild swings to daily tracking polls in the political world.

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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

Why Obama's Bullish on Stocks

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