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Topic: Obama Wants More Investors' Money, but How Will He Get It? |
Obama Wants More Investors' Money, but How Will He Get It?
The Street, by Philip van Doorn
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Original Article
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Posted By:NorthernDog, 11/8/2012 6:28:16 PM
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| NEW YORK -- In the aftermath of the election, one thing that investors can count on is that President Obama wants more of their money. Judging from the initial market reaction -- with the Dow Jones Industrial Average down over 270 points to 12,973.37, the S&P 500 (SPX.X) down nearly 29 points to 1,399.70 and the NASDAQ Composite down nearly 67 points to 2,945.42 in afternoon trading -- investors are less than thrilled with the result. Financial names have been hit even harder, with the KBW Bank Index (I:BKX) dropping nearly 4% to 47.78 Wednesday afternoon.
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Reply 1 - Posted by:
KTWO, 11/8/2012 6:45:57 PM (No. 9000717)
Pretty simple actually. He ignores Congress and by executive order seizes all 401ks.
To keep them in a good mood he might exempt the 401Ks of union members and government employees. But that is a mere detail and easily handled.)
Suppose you administer a 401K. Would you obey?
Would obeying even matter? You would find it hard to work when DOJ agents have seized your computers.
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Reply 2 - Posted by:
Rabidrabbit1, 11/8/2012 6:48:59 PM (No. 9000723)
I put all my money in guaranteed interest on the Friday before the election. Something didn't smell right.
I think I'll leave it there for awhile.
But, even that isn't safe. I'm also investing in various metals; silver, gold, brass, lead, etc.
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Reply 3 - Posted by:
Coy860, 11/8/2012 7:00:44 PM (No. 9000750)
Easy, for starters, he will make it illegal to own gold. It's not like it hasn't been done before.
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Reply 4 - Posted by:
STLstudent, 11/8/2012 7:06:04 PM (No. 9000761)
Investors and business owners will (and should) rebel against the welfare masses who demand the fruit of their work and risk. Shut down your business.
Who is John Galt?
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Reply 5 - Posted by:
Rabidrabbit1, 11/8/2012 7:07:50 PM (No. 9000766)
I am John Galt.
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Reply 6 - Posted by:
Duckboy, 11/8/2012 7:15:27 PM (No. 9000777)
I started investing in metals and energy right after Obumma won the first election. Brass, lead, primers, and gunpowder.
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Reply 7 - Posted by:
lylacat, 11/8/2012 7:30:02 PM (No. 9000800)
All the people who elected 0bama are NOT investors. They have no savings. They depend on the government for their living. Well, yes, how will 0bama get more investors? I, for one, have taken all my money out of the market and put it in tangible assets. The way 0bama is printing dollars, even a market at 20,000 will be a loser, as the dollars that come out of the market are worthless.
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Reply 8 - Posted by:
Emmajustin, 11/8/2012 7:33:47 PM (No. 9000809)
There would be lots of money in the market if the kenyan idiot boy would resign.
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Reply 9 - Posted by:
Blue-Z-Anna, 11/8/2012 7:36:12 PM (No. 9000813)
He will "Get It" with the same laundering scams that have worked so well so far. The Solyndras of the world were never meant to produce a product. They were and are a fashionable front company where most of the green grant money goes back to Barack. This is just one of the numerous high crimes and misdemeanors that these thugs have perpetrated.
There I go....being a racist hater again.
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Reply 10 - Posted by:
Ida Lil, 11/8/2012 7:56:46 PM (No. 9000860)
The 1980 recession should have proven it's best not to buy gold at highly inflated prices. When 1900 per ounce fall to 900 it's a bust.
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Reply 11 - Posted by:
nina584, 11/8/2012 7:57:50 PM (No. 9000865)
Wait till inflation hits and the government check becomes worthless. Lakeshia and Towan will be at your door step.
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Reply 12 - Posted by:
GW_Rider, 11/8/2012 7:58:36 PM (No. 9000869)
Forget John Galt. Think John Connor.
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Reply 13 - Posted by:
philemon1967, 11/8/2012 8:41:11 PM (No. 9000935)
My prediction is when O' bummer's economy starts tanking, he'll start saying that all these rich white people are racists & committing economic treason. It would be just a matter of time before his 47%'ers start resorting to violence to seize other people's private properties, not unlike another black megalomaniac, Zimbabwe's Robert Mugabe.
Good luck on getting your hands on more Chinese money. The Chicoms may be communists but they are not blind ideologues. They won't be throwing good money after bad. They'll just wait until the US economy has bottomed out and pay just pennies on the dollar for the whole US. A better bargain than the Manhattan purchase.
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Reply 14 - Posted by:
pickle1, 11/8/2012 10:16:19 PM (No. 9001164)
Don't believe anything he has to say.
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Reply 15 - Posted by:
nonsense, 11/8/2012 10:25:20 PM (No. 9001189)
Crossing my fingers that they come for the 401Ks of the white Liberals who voted for the Leftist potus, first. Only fair that they share in the misery the rest of us have experienced for 4 long years with no end in sight.
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Reply 16 - Posted by:
FormerDem, 11/8/2012 10:59:02 PM (No. 9001259)
He is trying to negotiate with the fifty percent of the country that voted against him by abrogating the second amendment, nominating Susan Rice to State, sending Valerie Jarrett for secret talks with Iran, and talking tough to the GOP about taxes. In this way he will gradually win hearts and build political capital he can use to fight poverty, which is his main issue apart from all those others.
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