S&P 500 has its highest close in 4 years

[Rocko]

The nation’s benchmark stock index closed at its highest level in nearly four years Friday, marking a milestone in the long, slow climb from recession that could help recalibrate a presidential campaign dominated by the economy.

The S&P 500-stock index closed at 1,365.74, its highest level since June 2008, when the nation was on the brink of the financial collapse that triggered the most severe recession since the Great Depression. The Dow Jones industrial average also topped 13,000 early Friday before closing at 12,982.95. The Dow hasn’t closed above the psychologically signifcant 13,000 level since May 2008, and hit a low of 6,547 on March 9, 2009.

With rising stocks can go political fortunes - The Washington Post

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

 

[rightwinger]

So Wall Street are friends of the left now?

They were never enemies but they did fuck up the economy pretty bad

Since then the evil left has increased oversight to ensure we don't get unchecked speculation like we had before.

 

[CrusaderFrank]

So Wall Street are friends of the left now?

Doublethink, my friend. Doublethink.

Unemployment stimulates the economy

Doublethink

 

[CrusaderFrank]

Yes.

It would clear up our funding problem.

It would add 5% to the GDP Annually and keep us from the inevitable revolution once people realize the system really is broke

Ah, Frankie Boy, the poster child 'Conservative'. Hoping for bad times for us all, then a Civil War. Such wonderful ambitions for his fellow American Citizens.

In August, Obama admitted there were no assets to sell in the "Trust Fund" he had to borrow to pay current obligations.

That's insolvent

That's a bankrupt.

 

[rightwinger]

The nation’s benchmark stock index closed at its highest level in nearly four years Friday, marking a milestone in the long, slow climb from recession that could help recalibrate a presidential campaign dominated by the economy.

The S&P 500-stock index closed at 1,365.74, its highest level since June 2008, when the nation was on the brink of the financial collapse that triggered the most severe recession since the Great Depression. The Dow Jones industrial average also topped 13,000 early Friday before closing at 12,982.95. The Dow hasn’t closed above the psychologically signifcant 13,000 level since May 2008, and hit a low of 6,547 on March 9, 2009.

With rising stocks can go political fortunes - The Washington Post

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that

 

[Old Rocks]

The nation’s benchmark stock index closed at its highest level in nearly four years Friday, marking a milestone in the long, slow climb from recession that could help recalibrate a presidential campaign dominated by the economy.

The S&P 500-stock index closed at 1,365.74, its highest level since June 2008, when the nation was on the brink of the financial collapse that triggered the most severe recession since the Great Depression. The Dow Jones industrial average also topped 13,000 early Friday before closing at 12,982.95. The Dow hasn’t closed above the psychologically signifcant 13,000 level since May 2008, and hit a low of 6,547 on March 9, 2009.

With rising stocks can go political fortunes - The Washington Post

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

LOL. 1950's, one of the greatest expansionary periods in our nations history. What was the tax rates on the wealthy then? Did that keep us from doing one of the greatest infrastructure projects in history, the Interstate Highway System?

You mindless sheep know so little of the real history of this nation that you will buy into any lie that the Obese Junkie and the rest of the rightwingnut noise machine creates.

 

[Ernie S.]

Sorry our Social Security is paying interest to China.

Wh...wut?

Never mind, it's Ernie.

You SS contributions go into the general fund, fool and part of that pays loan interest. A thinking person would see that.

But it's just Old Rocks in the head.

 

[Rocko]

The nation’s benchmark stock index closed at its highest level in nearly four years Friday, marking a milestone in the long, slow climb from recession that could help recalibrate a presidential campaign dominated by the economy.

The S&P 500-stock index closed at 1,365.74, its highest level since June 2008, when the nation was on the brink of the financial collapse that triggered the most severe recession since the Great Depression. The Dow Jones industrial average also topped 13,000 early Friday before closing at 12,982.95. The Dow hasn’t closed above the psychologically signifcant 13,000 level since May 2008, and hit a low of 6,547 on March 9, 2009.

With rising stocks can go political fortunes - The Washington Post

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

 

[CrusaderFrank]

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

They can't think, you expect them to count?

 

[BreezeWood]

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

Only after making over 200K - just stop at 199K and be happy - if you do not want to pay a little extra after that ...

 

[uscitizen]

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

 

[CrusaderFrank]

Democrat Mindless Zombies 2012 "...to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in both of them"

 

[Rocko]

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

 

[uscitizen]

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

Halfing cap gains taxes helped lead to this mess we are in now.
We need responsible long term investing, not day trading and casino style wall street.

Cap gains taxes should be on a sliding scale.
If the gain was from assets held less than 30 days the tax should be 50%.
And sliding down a scale to a low rate when held for more than a year.

 

[rightwinger]

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????

 

[Rocko]

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

Halfing cap gains taxes helped lead to this mess we are in now.
We need responsible long term investing, not day trading and casino style wall street.

Now you're saying lowering capital gains tax got us in this mess???
I'd love for you to explain to me how.

 

[uscitizen]

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????

Because that 40K worker cannot afford to rent congress persons.
aka lobbyists.

 

[Rocko]

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????

investing fuels growth which fuels jobs. You guys want investing too, but you want government to invest with our money. Conservatives believe we have better results when the private sector is doing the investing with thier own money.

 

[paulitician]

Another OWS/Obama-Bot boasting about increased Wall Street profits. Wall Street is good now. Guess they got rebooted. And how convenient, just in time for the Election.

 

[uscitizen]

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??

Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????

investing fuels growth which fuels jobs. You guys want investing too, but you want government to invest with our money. Conservatives believe we have better results when the private sector is doing the investing with thier own money.

Yeah investments fuel job growth in China and such offshore place, not so much here.

Cap gains from offshore ventures should be taxed at 30%.
on shore gains taxed at a lower rate.