Socialist Obama Terrible for Stocks

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Sunday December 08, 2013 · 3:57 AM PST

2013/12/08 · 03:57

For nearly 6 years, experts and pundits have warned how bad Obama would be for the economy, and especially investors and the stock market.

From 2013:
JEFF SAUT: The Stock Market Will Probably Tank After Obama's State Of The Union

That said, this one feels like it will extend towards the State of the Union address slated for February 12th. That address will likely be viewed negatively by the equity markets, which should serve to finally bring about a 5 - 7% correction.

winstongator

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Sunday December 01, 2013 · 4:48 AM PST

2013/12/01 · 04:48

Most Republicans, and probably most people in general, think that unemployed workers provide no value to anyone. Many, including most Republicans, believe that unemployment assistance and welfare are wasteful handouts that encourage people to remain without work.

There is a flip side to examine:
When people decry the actions of the Federal Reserve they mention one particular bad scenario - inflation.
The Federal Reserve has two mandates - stable prices and full employment. Why do many conservatives fixate on stable prices versus full employment?

Poll

36 votes Show Results

What is a bigger danger to our economy

36 votes Vote Now!

What is a bigger danger to our economy

> 7% unemployment

34 votes

3% inflation

2 votes

Balanced Budget for all Years is Incredibly Stupid

winstongator

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Saturday January 19, 2013 · 4:40 AM PST

2013/01/19 · 04:40

Republicans want to cap spending and revenues at percentages of GDP. This is an incredibly stupid and ignorant idea. Why ignorant? Because federal revenues and expenses are highly dependent on the business cycle - one of the hallmarks of capitalism. Times are good, revenues up, expenses down (less people collecting unemployment, people delaying taking social security), times are bad, revenues down, expenses up. This is a simple concept that it appears Republicans have never heard.

winstongator

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Tuesday January 08, 2013 · 3:56 AM PST

2013/01/08 · 03:56

The Ryan Plan, Simpson-Bowles, 'fiscal cliff', they all have something in common. They claim they are solving the 'long-term' budget problems today. This is like a diet. You can do a 5-day detox or fast, and get some short-term results, but that is not going to fix your habits 10 years from now. There is nothing we can do today that can 'fix' our budgets 10 years out, when future Congresses can undo whatever is done today*. All you need to do is witness the budget situation Clinton left Bush, and then what Bush did with it.

winstongator

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Saturday January 05, 2013 · 4:27 AM PST

2013/01/05 · 04:27

I have been waiting 4 years for Barack Obama to raise my taxes. He has twice beaten 'no new taxes' Republicans, with a campaign theme of raising taxes on those making over $250k. My wife and I are both professionals, and we fall into that category. We still supported Obama, and even supported him in his idea that our taxes needed to go up. In a way I felt a party to both the Us (those wanting to raise taxes) and Them (those whose taxes would be raised.) I was not alone. In 2008, exit polls showed that those making over $200k preferred Obama by 6 points. However, as the fiscal cliff debate went on, reports in the media bounced my family out of the Them, back into, and eventually out of Them.

Poll

27 votes Show Results

Whose taxes should be raised?

27 votes Vote Now!

Whose taxes should be raised?

Everyone's

10 votes

No one's

2 votes

Making > $250k

12 votes

Making > $450k

0 votes

Making > $1Mil

2 votes

Somewhere above $1Mil

0 votes

Somewhere below $250k

1 vote

Boring banking - percentage of profits to finance

winstongator

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Saturday May 30, 2009 · 6:11 PM PDT

2009/05/30 · 18:11

The idea that too big a share of corporate profits flowed to finance, and how it influenced financial firms, and their ability to influence the economy as a whole has been talked about a lot. "By the middle of this decade, it accounted for a third of corporate profits." There's a different way we need to look at this.

winstongator

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Monday May 11, 2009 · 9:37 AM PDT

2009/05/11 · 09:37

and people will have a better chance of understanding them. Felix Salmon makes that point today.

Poll

26 votes Show Results

Does seeing budget numbers as per-capita or per-household make them more understandable?

26 votes Vote Now!

Does seeing budget numbers as per-capita or per-household make them more understandable?

yes

22 votes

4 votes

Obama's budget - how big is a trillion?

winstongator

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Tuesday May 05, 2009 · 5:31 PM PDT

2009/05/05 · 17:31

Will Wilkinson opines about the enormity of Obama's budget and how the average American cannot comprehend hos much money $3.5 Trillion is. He doesn't help, because he doesn't want people to comprehend it, he just wants it smaller.

The NYTimes blog Economix similarly notes the difficulty in comprehension of the number trillion, without really helping either.

Poll

32 votes Show Results

How many millions in a trillion

32 votes Vote Now!

How many millions in a trillion

a thousand

2 votes

ten thousand

0 votes

a hundred thousand

6 votes

a million

23 votes

ten million

0 votes

a hundred million

1 vote

a billion

0 votes

Deficit spending, balance sheets and households

winstongator

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Monday April 27, 2009 · 7:53 AM PDT

2009/04/27 · 07:53

Many people decry the stimulus plan as deficit spending adding debt to future generations. They say that households need to tighten their belts in tough times, and why shouldn't the government do the same.

winstongator

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Wednesday April 22, 2009 · 8:58 AM PDT

2009/04/22 · 08:58

I read three blog posts about greed and feel that they all are missing a huge point. Likewise I laughed to hear that Alan Greenspan was shocked at the level of greed on Wall St. Has he ever met anyone who worked on Wall St?

An armed robber is greedy. We don't prosecute him for his greed, but for the robbery. Bernie Madoff was greedy, but his crime was fraud not greed.

For Adam Smith & the invisible hand, there is 'make the pie bigger' greed which you might see at a tech company or in a physician, and there's 'make my piece of the pie bigger, whether the pie gets smaller or not' greed that tends more towards finance and law. It is the government's role to shift effort towards the first and away from the second.

winstongator

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Thursday February 19, 2009 · 10:09 AM PST

2009/02/19 · 10:09

There's been lots written & said about bank nationalization - Krugman Roubini for, Lindsay Graham & Greenspan for keeping the option open, Chuck Schumer against. Greg Mankiw says he's for what I would call nationalization, but doesn't have the stomach (or something else) to call it that.

Poll

32 votes Show Results

Are you afraid of bank 'nationalization'?

32 votes Vote Now!

Are you afraid of bank 'nationalization'?

Yes

6 votes

22 votes

Who cares?

1 vote

I'm moving to Sweden.

3 votes

UAW Job Banks - how much do they cost?

winstongator

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Wednesday November 26, 2008 · 6:37 AM PST

2008/11/26 · 06:37

The second article that came up on a google search for uaw job bank was this:
http://www.detnews.com/...

What do the details in that article tell?

Poll

112 votes Show Results

Which automakers should Congress aid?

112 votes Vote Now!

Which automakers should Congress aid?

All 3: Ford, GM, Chrysler

20 votes

None

59 votes

Big 3 US plus any carmaker with US operations

4 votes

Only the US makers that present reasonable viability plans

29 votes

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Socialist Obama Terrible for Stocks

The value of unemployed workers

Balanced Budget for all Years is Incredibly Stupid

One Budget to Rule Them All

Us vs. Them Taxes

Boring banking - percentage of profits to finance

State budget numbers as per-household

Obama's budget - how big is a trillion?

Deficit spending, balance sheets and households

Is greed necessarily bad - what to do with it.

What would I want to see with bank nationalization

UAW Job Banks - how much do they cost?