…and the stock market is down.
OBVIOUSLY the markets hate the idea of Republicans having such a gain.
…and the stock market is down.
OBVIOUSLY the markets hate the idea of Republicans having such a gain.
Where are all the “this marks the end of the republican party” threads from two years ago???
Don’t misunderstand me…I lean a little Republican over Democrat…though not much.
What puzzles me is that the Republicans ran on a cut government spending/create jobs/keep taxes low for the wealthy…
…and the market is down.
A bit irritating. If the market was going to be down after such an historic sweep, might as well had the democrats hold strong instead.
1948 is before WWII? By any chance was your history teacher named Bluto?
The market prices things in based on expectations. If they felt that it was likely the GOP would take the Senate as well, and they felt that a GOP House & Senate was better for the economy (two disputable ideas), then yesterday’s results would lead to a falling market.
The market is down by a tiny bit. It’s basically flat right now. And we’ve known for a long time that the Republicans were very likely to win the House but that they weren’t likely to get the Senate, so investors have been trading on that information for weeks or months. The results became official last night but there were not any huge surprises in terms of the overall composition of the government. It wouldn’t make sense to expect a huge response.
Can we assume that businesses will start hiring today? Now that the threat of sudden tax increase are gone?
The current administration has been very good for Wall Street despite the rhetoric. Now when we’re facing probable political gridlock things may not so rosy for the financial industry.
Close. NBC news. Should have known they’d get it wrong.
Also, you’re an asshat.
This is likely. Still, down or flat is still eyebrow raising.
Doesn’t the Fed report today? Maybe better withhold eyebrow raising until this afternoon.
The market is reacting to the Fed’s rumored/floated intention to buy between $500b and $1T of federal debt, to keep rates really low. They’re supposed to announce it today officially, so it’s the old rule: buy on the rumor, sell on the action.
Not in this forum I’m not. Save the insults for the Pit.
Oh yes - it’s amazing just how much money from Wall Street finds its way into the White House these days… and vice versa, when you look at it. Now, it may not be all that great for other people, but the financial industry is… in a long-term domestic partnership with the Democrats, shall we say…
+1
ESPECIALLY if the Reps stop the stimulus related plans. I doubt they will, despite what they’ve said, but if they do, I expect the market to tank.
It looks like Gold is already taking to that idea, btw.
As I stated in another thread, I think that the market could continue to sink - depending on how true to their word the Reps are.
Honestly, I don’t think it would be different with the Reps. I doubt they will stick by their guns if another stimulus is warranted due to a collapse (which may or may not actually happen).
They may not need to (hopefully), so this might be moot.
I wonder if two years from now, Boehner will be seen as taking his responsibilities seriously? About all the GOP has gained is a little easier time obstructing progress, and it was already pretty easy for them. Now that obstruction will have a name explicitly attached to it that the media can’t very well ignore.
Make sure you also reprimand the poster in #4.
You don’t want to be insulted, then don’t insult.
If you do insult…don’t run behind mommies moderator dress.
I did not insult you. I pointed out a mistake you made. Now take your complaints to the appropriate forum if you want to continue.
I’m sure at some point you must have noticed that a great many of us believe the bailouts are counter-productive. We do. They’ve never really worked, and the kind of money that it supposedly requires according to people like Paul Krugman is simply not going to happen. And if such a “real bailout” that Krugman is sure will work ever does faill, it would be a complete fiscal catastrophe which would destroy America’s debt market.
We could look at GM, which should have been left to die. Aside from some gimicky and grossly dishonest “repayments”, we’ve basically blown a huge lot of money for the Democrats to get UAW votes. A company isn’t worth saving. The assets wouldn’t simply vanish.
TARP, which I disliked but tolerated, is at least likely to only cost 50 billion or so instead of the 150 billion it could have.
You should really take a look at the financials for Republican candidates and congressman before making statements like this (look up Roy Blunt as an example on opensecrets.org). Maybe then you could summarize it a bit more truthfully… like “…the financial industry is in a long-term domestic partnership with the government.” It goes waaaaay beyond party.