President Obama!
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wkmac
Well-Known Member
Re: Obamanomics
Of course they do. They know now that they will get return on investment from that over 1$ billion they gave to Obama. Same would have been for Romney only he's not in power to take credit for installing what likely would have been the same plan for all intent and purposes. You yourself rightly called it political theater did you not?
Besides, they like it because they can now plan and that more than anything else is what the market was looking for. But toot your horn cause you did win the election, not that it really means anything.
Of course they do. They know now that they will get return on investment from that over 1$ billion they gave to Obama. Same would have been for Romney only he's not in power to take credit for installing what likely would have been the same plan for all intent and purposes. You yourself rightly called it political theater did you not?
Besides, they like it because they can now plan and that more than anything else is what the market was looking for. But toot your horn cause you did win the election, not that it really means anything.
moreluck
golden ticket member
20 New Health Reform Taxes to pull in $500 billion in the next 10 years.....
Americans for Tax Reform : $1 Trillion Obamacare Tax Hike Hitting on Jan. 1
More tax on dividends affects all UPS share holders.
Americans for Tax Reform : $1 Trillion Obamacare Tax Hike Hitting on Jan. 1
More tax on dividends affects all UPS share holders.
moreluck
golden ticket member
moreluck
golden ticket member
moreluck
golden ticket member
Re: Obamanomics
Good to know that he took care of his Hollywood buddies.....
‘Fiscal Cliff’ Deal Also Doles Out Millions for Hollywood, Railroads, Rum Producers - ABC News
Good to know that he took care of his Hollywood buddies.....
‘Fiscal Cliff’ Deal Also Doles Out Millions for Hollywood, Railroads, Rum Producers - ABC News
Re: Obamanomics
Since your knowledge of parliamentary procedure is so astute, maybe you'd like to explain why it is that the Senate has not wasted time on something that the opposition party would never vote for?
Since your knowledge of parliamentary procedure is so astute, maybe you'd like to explain why it is that the Senate has not wasted time on something that the opposition party would never vote for?
moreluck
golden ticket member
Re: Obamanomics
Maybe people who go to Harvard don't understand budgets the way normal people do.
The President submitted a budget and not ONE person in the senate voted for it !!!
Maybe people who go to Harvard don't understand budgets the way normal people do.
Re: Obamanomics
was that on fox news? How is your life different then it was before Obama? If you re no longer a millionaire it is not his fault. If you are no longer it might be because someone is charging per post .Election is over . get out and enjoy life...respectfully
was that on fox news? How is your life different then it was before Obama? If you re no longer a millionaire it is not his fault. If you are no longer it might be because someone is charging per post .Election is over . get out and enjoy life...respectfully
728ups
All Trash No Trailer
Re: Obamanomics
that danged Obamer!!!! As i predicted the Stock Market is SOARING
Stocks skyrocket; Dow gains 2.4% on 'cliff' deal
[h=1]Stocks skyrocket; Dow gains 2.4% on 'cliff' deal[/h]Matt Krantz, USA TODAY5:41p.m. EST January 2, 20130 CommentsShare
(Photo: Spencer Platt, Getty Images)
[h=3]STORY HIGHLIGHTS[/h]
The Dow Jones industrial average rocketed more than 300 points higher and the Standard & Poor's 500 index gained more than 2.5% to 1,462, getting 2013 started off following a better-than-average 13.4% gain in 2012.
It was the best first-day percentage gain by the S&P 500 since the 3.2% opening in 2009. It's also the first time ever that the S&P 500 has gained the first day of the year for five consecutive years.
The Dow's 308-point, 2.4%, gain to 13,412.55 was its best one-day gain since Dec. 20, 2011.
"We can all breathe a sigh of relief that the country is not unnecessarily lurching into recession," says David Joy, strategist at Ameriprise Financial in a letter to clients.
All three major U.S. stock market indexes are now pushing toward setting new bull market highs. The S&P 500 is the closest, falling shy of its Sept. 14, 2012 bull market high by just 0.2%. The Dow is 1.5% below its bull market high.
Stocks around the world also leapt higher. Major indexes in Britain, France and Germany rose more than 2%. Markets in Greece and Spain were up more than 3%. Stocks in Asia also zoomed higher.
Some investors cautioned that the euphoria can't last long. Analysts are torn on what the budget deal means for the economy, and investors remain torn on how the deal will affect stocks long term.
Brian Belski, strategist at BMO Capital Markets, remains bullish and is calling for a 10% return this year.
Russ Koesterich, strategist at BlackRock, is less optimistic. "Investors should be prepared for a bumpier ride in 2013, at least until Washington produces a more definitive, longer-term agreement," he wrote in a note to clients.
The market's big escalation Wednesday, they said, was driven not so much because investors love the budget deal that Republicans and Democrats hammered out, but because they're grateful there was any deal at all.
"Most people think that no deal would have been worse than a bad deal," said Mark Lehmann, president of JMP Securities in San Francisco. He called the current package "not too Draconian."
The bill passed Tuesday night avoids the "cliff," but it only postpones many of the budget issues haunting the U.S.
The deal doesn't include any significant deficit-cutting agreement, meaning the country still doesn't have a long-term game plan for how to rein in government spending. Big cuts to defense and domestic programs, which were slated to kick in with the new year, were delayed for two months and are still overhang the market. And the U.S. is still set to bump up against its borrowing limit, or "debt ceiling," in about two months.
"There's definitely another drama coming down the road," said Lehmann. "That's the March cliff."
Others worry that more political bickering could cause the U.S. to get its debt rating downgraded by the ratings agencies. The stock market plunged in August 2011 after Standard & Poor's rating agency cut the U.S. government's credit rating a notch.
But Wednesday's market performance gave little hint of any dark clouds on the horizon.
The yield on the 10-year Treasury note rose sharply, to 1.84% from 1.75%, as investors dumped safe harbor investments like U.S. government bonds and plowed money into stocks. Prices for oil and key metals, including gold, copper and platinum, were up.
Among stocks making big moves, Zipcar shot up 48%, or nearly $4, to $12.18 after the company said it had agreed to sell itself to Avis. Avis rose $1.02 to $20.84, about 5%.
Zipcar has a business model that's popular with drivers, allowing them to rent cars for just a few hours at a time. The company has struggled to win over investors, however, and its stock plunged nearly 39% in 2012. Avis rose 84% in the same period.
that danged Obamer!!!! As i predicted the Stock Market is SOARING
Stocks skyrocket; Dow gains 2.4% on 'cliff' deal
[h=1]Stocks skyrocket; Dow gains 2.4% on 'cliff' deal[/h]Matt Krantz, USA TODAY5:41p.m. EST January 2, 20130 CommentsShare
(Photo: Spencer Platt, Getty Images)
[h=3]STORY HIGHLIGHTS[/h]
- Stocks open sharply higher after lawmakers avert fiscal cliff
- The deal ends months of fear over automatic spending cuts and tax hikes
- The battle isn't over, though, as debt ceiling needs to be lifted by February
The Dow Jones industrial average rocketed more than 300 points higher and the Standard & Poor's 500 index gained more than 2.5% to 1,462, getting 2013 started off following a better-than-average 13.4% gain in 2012.
It was the best first-day percentage gain by the S&P 500 since the 3.2% opening in 2009. It's also the first time ever that the S&P 500 has gained the first day of the year for five consecutive years.
The Dow's 308-point, 2.4%, gain to 13,412.55 was its best one-day gain since Dec. 20, 2011.
"We can all breathe a sigh of relief that the country is not unnecessarily lurching into recession," says David Joy, strategist at Ameriprise Financial in a letter to clients.
All three major U.S. stock market indexes are now pushing toward setting new bull market highs. The S&P 500 is the closest, falling shy of its Sept. 14, 2012 bull market high by just 0.2%. The Dow is 1.5% below its bull market high.
Stocks around the world also leapt higher. Major indexes in Britain, France and Germany rose more than 2%. Markets in Greece and Spain were up more than 3%. Stocks in Asia also zoomed higher.
Some investors cautioned that the euphoria can't last long. Analysts are torn on what the budget deal means for the economy, and investors remain torn on how the deal will affect stocks long term.
Brian Belski, strategist at BMO Capital Markets, remains bullish and is calling for a 10% return this year.
Russ Koesterich, strategist at BlackRock, is less optimistic. "Investors should be prepared for a bumpier ride in 2013, at least until Washington produces a more definitive, longer-term agreement," he wrote in a note to clients.
The market's big escalation Wednesday, they said, was driven not so much because investors love the budget deal that Republicans and Democrats hammered out, but because they're grateful there was any deal at all.
"Most people think that no deal would have been worse than a bad deal," said Mark Lehmann, president of JMP Securities in San Francisco. He called the current package "not too Draconian."
The bill passed Tuesday night avoids the "cliff," but it only postpones many of the budget issues haunting the U.S.
The deal doesn't include any significant deficit-cutting agreement, meaning the country still doesn't have a long-term game plan for how to rein in government spending. Big cuts to defense and domestic programs, which were slated to kick in with the new year, were delayed for two months and are still overhang the market. And the U.S. is still set to bump up against its borrowing limit, or "debt ceiling," in about two months.
"There's definitely another drama coming down the road," said Lehmann. "That's the March cliff."
Others worry that more political bickering could cause the U.S. to get its debt rating downgraded by the ratings agencies. The stock market plunged in August 2011 after Standard & Poor's rating agency cut the U.S. government's credit rating a notch.
But Wednesday's market performance gave little hint of any dark clouds on the horizon.
The yield on the 10-year Treasury note rose sharply, to 1.84% from 1.75%, as investors dumped safe harbor investments like U.S. government bonds and plowed money into stocks. Prices for oil and key metals, including gold, copper and platinum, were up.
Among stocks making big moves, Zipcar shot up 48%, or nearly $4, to $12.18 after the company said it had agreed to sell itself to Avis. Avis rose $1.02 to $20.84, about 5%.
Zipcar has a business model that's popular with drivers, allowing them to rent cars for just a few hours at a time. The company has struggled to win over investors, however, and its stock plunged nearly 39% in 2012. Avis rose 84% in the same period.
Re: Obamanomics
My prediction is that this kind of fervor is going to be sustained and business leaders of all stripes are going to do everything they can to reign in the Republican House. They will point out what Republicans always point out. Growth is the important thing in bringing down deficits. Any move to once again politicize the debt limit and stymie the growth that seems right around the corner will inflame Wall Street. Republicans and Democrats will split much like they did last night.
My prediction is that this kind of fervor is going to be sustained and business leaders of all stripes are going to do everything they can to reign in the Republican House. They will point out what Republicans always point out. Growth is the important thing in bringing down deficits. Any move to once again politicize the debt limit and stymie the growth that seems right around the corner will inflame Wall Street. Republicans and Democrats will split much like they did last night.
Re: Obamanomics
Nothing to explain. Just replay the republican's words over and over and over.
728ups
All Trash No Trailer
Re: Obamanomics
when the market grows the economy grows. when the economy grows jobs are created.when jobs are created people spend money.when money is spent the stock values go up even further and that makes 728UPs a HAPPY guy!
when the market grows the economy grows. when the economy grows jobs are created.when jobs are created people spend money.when money is spent the stock values go up even further and that makes 728UPs a HAPPY guy!
moreluck
golden ticket member
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