The Flood Gates Are Open

  • conservativej...

    Posts: 2465

    Nov 08, 2010 2:46 PM GMT
    What a difference one week makes.

    Today is the fourth business day since we changed control in the House of Representaives and weakened Democratic control in the Senate. I have seen a very strong upswing in business activity in these four days.

    In spite of the fact Obama may hate those who drive the material end of our economy, investors and folks who lay capital on the table are responding to what they seee as improved stability with the new Congress.

    What will this do? Bring relief to many seeking employment and possibly strengthen Obama's hand in 2012. It is ironic that it has taken Republicans to give Obama some increased chance to hang in there in 2012. Now if the new House can just maintain the stability.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 08, 2010 9:57 PM GMT
    Have you heard of a psychological phenomenon called Confirmation bias?
  • Posted by a hidden member.
    Log in to view his profile

    Nov 08, 2010 10:18 PM GMT
    conservativejock saidWhat a difference one week makes.

    Today is the fourth business day since we changed control in the House of Representaives and weakened Democratic control in the Senate. I have seen a very strong upswing in business activity in these four days.

    In spite of the fact Obama may hate those who drive the material end of our economy, investors and folks who lay capital on the table are responding to what they seee as improved stability with the new Congress.

    What will this do? Bring relief to many seeking employment and possibly strengthen Obama's hand in 2012. It is ironic that it has taken Republicans to give Obama some increased chance to hang in there in 2012. Now if the new House can just maintain the stability.


    The bolded part of your post is delusional at best. No one has been better for capitalism than Obama. In fact, many progressives stayed home last Tuesday - as did young people - for what they saw as giving away the store to the banks while unemployment soared.

    The markets are responding - as they always do - solely to certainty, basically that nothing will happen since Republicans have on ideas and they will be unable to change what was enacted by the last Congress.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 08, 2010 10:23 PM GMT
    It's funny: Fox 43 (the local Fox station here) has come up with a "Add 1 job" campaign the day after the elections. "To prove how much we believe in this idea, we are adding three jobs at FOX43." They could not have done so all this year. I wonder if they would have even put the campaign up if the Democrats had won the House contrary to predictions.

    http://www.fox43.com/news/features/add-one-job/

    Sometimes I think the "intention to treat" application is totally flawed.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 08, 2010 10:32 PM GMT
    I dont think the business activity is due to the election results as much as the Fed's chairman Berneke announcing the pumping of $600 billion into the economy. Business went wild over that news. If our fine financial institutions didn't just sit on the Tarp money they were given, I doubt the Fed would have to do this. But in the "hysterical" rush that Bush's treasury secretary said this bailout had to be done in, Congress didn't require the banks to do anything with the raxpayer's money after they got it. So it might nit have been hysterical on the tres. sec's part, as a calculated rush so nobody had time to think things thru and make business more responsible. In my opinion, the execs of our financial institutions are no better than the French nobility were. To the guillotines!
  • GQjock

    Posts: 11649

    Nov 09, 2010 1:05 AM GMT
    In spite of the fact Obama may hate those who drive the material end of our economy, investors and folks who lay capital on the table are responding to what they see as improved stability with the new Congress.

    What a ridiculous thing to say

    Obama hates those who drive the material end of our economy?
    In the words of Eliza Doolittle ............... He saved their BLOOMIN' ARSES!!!


    Without him doing what he did our banking system would have crashed
    no if's and's or but's about it
    I Know you must hate that fact but it's a fact

    And..... lol ..... what, Haha ... you lol ... see as "IMPROVED STABILITY"
    a House under republican control
    The same republicans that blocked by filibuster anything and everything they could to the point where they had to be embarrassed to give people their UNEMPLOYMENT CHECKS