HUGGY
I Post Because I Care
- Thread starter
- #21
Stocks have historically done better under Democrats than Republicans
"Historically" isn't much of a reason. At best it is a trend.... as we say in the machining world.."a witness mark"..
With all of the anger exprssed at the tea bagger protests one would think the world and being part of the world..the stock market would be tanking.
You are correct. "History" is not a good reason.
The reason why stocks have done well over the past several months is because investors realized that the world was not going to end, stocks were dirt cheap, and the Fed is flooding the financial system with liquidity.
Both the Bush and the Obama administrations deserve credit for saving the financial system, which was on the verge of collapse. But this has to do with actions through the Federal Reserve and the Treasury as opposed to the stimulus. The stimulus helps some but Obama's health proposal hurts, so the two are probably a wash.
Stocks are no longer cheap. In fact, they are probably expensive now, given the fragile state of the economy. That probably means stocks won't do much for the rest of Obama's term, though they may bounce around pretty violently.
As for the Fed, its actions have put a floor under pretty much all asset prices, including stocks and real estate. However, its actions have been massive and will almost certainly have large unintended consequences down the road.
The stimulus helps some but Obama's health proposal hurts
If you mean Baucus's proposal I agree. Being a small business owner, a government option or better yet just lowering the age of medicare would be a benefit. As for paying for it ...Yes ...by all means pay for it. The party is over on the super rich tax relief. They will have to go back to paying accountants to weasle thier way out of paying a fair share.
Woah..I know what you are thinkin..Huggy is no damn republican not kow towin to the rich...Hey believe it or not the rich will be ok with a few %'s more taxes. How do I know this? Cuz they are already rich!