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  • 7/31/2019 CNN POLL 75 of Financial Experts Say Romney Victory Would Impro

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    by WYNTON HALL (/COLUMNISTS/WYNTON-HALL) 14 Jul 2012 POST A COMMENT

    A recent CNNMoney survey (http://money.cnn.com

    /2012/07/11/investing/stocks-fiscal-cliff-election/index.htm?iid=Lead) found that 75% of money managers and investment strategists believe a Mitt

    Romney victory would lift U.S. markets. The survey also foundthat "many are also hoping for the GOP to gain control of both theHouse and the Senate."Leading up to the November elections, 80 percent of those surveyed agreed that the stock market will remain volatile and possibly get worse.

    John Praveen, managing director and chief investment strategist for PrudentialInternational Investments Advisers says investors are not sanguine about lawmakers'

    ability to keep America from driving off the fiscal cliff:

    "In case investors are not sufficiently convinced that policy makers and politicians areup to the task of handling the fiscal cliff in a reasonably effective manner, financialmarkets are likely to again fall sharply, similar to the plunge around the debt ceilingdebacle in 2011."

    Chase Investment Counsel President Peter Tuz was more direct:

    "At this point, I think markets would appreciate a clear Republican mandate. Thatprovides the best chance for continued low tax rates. If investors see the likelihood of an Obama victory, coupled with Democrats retaining control of the Senate, they will

    CNN POLL: 75% OFFINANCIAL EXPERTS SAYROMNEY VICTORY WOULDIMPROVE MARKETS

    MOST POPULAR

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    BREITBART VIDEOPICKS

    97

    POLL: 75% Of Financial Experts Say Romney Victory Would Imp... http://www.breitbart.com/Big-Government/2012/07/14/CNN-POLL-75-...

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    react by taking advantage of the low tax rates that still exist, so a sell-off in markets would be a distinct possibility."

    The sputtering U.S. economic recovery, the European debt crisis, the slowing of growth inChina, the need to cut government spending, and the looming expiration of the Bush taxcuts were cited as troubling economic signs for America's financial future.

    REAL-TIME UPDATING IS paused. (Resume)

    Showing 80 of 97 comments

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    0and 12 others liked this.

    ADD NEW COMMENT

    A LIKE REPLY 1 hour ago 1 Like F

    What a surprise a President who loves America would be better for the economy than a President who hatesAmerica.

    ICANSEECLEARLYNOW

    A LIKE REPLY 1 hour ago 1 Like F

    That must have really burned them up when the poll numbers came out.

    ANOTHERDAY

    A LIKE REPLY 1 hour ago in reply to anotherday 1 Like F

    who are the 25% that think things will be better under Oblamer? I wouldn't want them investing for me

    BOB SWEENEY

    A LIKE REPLY 2 hours ago F

    If 75% of so called financial experts say a Romney win would improve financial markets why then would WallStreet still contribute huge sums of money to the Obama campaign ???????

    ANDYD

    A LIKE REPLY 1 hour ago in reply to AndyD F

    They play both sides...not too hard to figure out

    BOB SWEENEY

    A LIKE REPLY 3 hours ago F

    If one looks at the utter incompetence of the banksters one would have to believe that this survey is a positiveindicator for an Obama market and a negative one for a Romney market. Considering the doubling of themarket under Obama, the former is more likely the case.

    FGBOUMAN

    A LIKE REPLY 6 hours ago 4 Likes F

    The possibility of four more years of uncharted fiscal direction with Obama or, a chance to pull this country outof decline. I know who I am voting for.

    BATCOUNTRY

    SEND A TIP

    POLL: 75% Of Financial Experts Say Romney Victory Would Imp... http://www.breitbart.com/Big-Government/2012/07/14/CNN-POLL-75-...

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    A LIKE REPLY 10 hours ago 3 Likes F

    CNN POLL: 75% OF FINANCIAL EXPERTS SAY ROMNEY VICTORY WOULD IMPROVE MARKETS

    Ok, let's get real and put this particular poll into the correct perspective and context.

    CNN POLL: 75% OF FINANCIAL EXPERTS SAY "A CAN OF ORANGE JUICE" VICTORY WOULD IMPROVEMARKETS

    The same would be said for a Newt, Santorum, Palin, O'Reilly, the Ringling Brothers Barnum Bailey Circus, etc,etc..

    This is how bad Obama has destroyed the US Economy, not to mention our Energy supply, production,acquisition, exploration, etc, as well as the US Constitution, Individual Freedom, Liberty, Equal Justice under theLaw of the US Constitution, the US Military, US Nuclear Deterrent- ie; America's Nuclear Warheads, Weaponsand Delivery Systems, thus our US National Security, not to mention US International relations with our USWestern Allies, and the list goes on and on and on..

    So let's stop with the poll pandering BS..

    REAGANTEAPARTYCONSERVATIVE

    A LIKE REPLY 3 hours ago in reply to ReaganTeaPartyConservative F

    One rarely sees so many errors and falsehoods in a single sentence. Congratulations on that!Perhaps you are trying for the Guiness Book of Records?

    FGBOUMAN

    A LIKE REPLY 12 hours ago F

    The markets will do better....... for a matter of months at most before a national Romneycare kicks in. It's not aquestion at this point: Governor Gary Johnson is the only candidate running who's not Romney and not acommie.

    JAY JEFFERSON

    A LIKE REPLY 3 hours ago in reply to Jay Jefferson 1 Like F

    With supporters like you, Johnson doesn't need opponents. Get rational, guy!

    FGBOUMAN

    A LIKE REPLY 13 hours ago 1 Like F

    Want to lay blaim.. heres the chart of you screwed US.. t here are 64D's and 35R's HMMM thats a two to onescrew job.. whos got your back...

    http://uspolitics.about.com/od...

    Year Congress President Senate (100) House (435) 2009 111th D D - 55*** D - 256 2007 110th R D - 51** D -233 2005 109th R R - 55 R - 232 2003 108th R R - 51 R - 229 2001 107th R D* R - 221 1999 106th D R - 55 R -223 1997 105th D R - 55 R - 228 1995 104th D R - 52 R - 230 1993 103rd D D - 57 D - 258 1991 102nd R D -56 D - 267 1989 101st R D - 55 D - 260 1987 100th R D - 55 D - 258 1985 99th R R - 53 D - 253 1983 98th R R- 54 D - 269 1981 97th R R - 53 D - 242 1979 96th D D - 58 D - 277 1977 95th D D - 61 D - 292 1975 94th R D -60 D -291 1973 93rd R D - 56 D - 242 1971 92nd R D - 54 D - 255 1969 91st R D - 57 D - 243 1967 90th D D -64 D - 247 1965 89th D D - 68 D - 295 1963 88th D D - 66 D - 259 1961 87th D D - 64 D - 263 1959 86th R D -65 D -283 1957 85th R D - 49 D - 232 1955 84th R D - 48 D - 232 1953 83rd R R - 48 D - 221 1951 82nd D D -49 D - 235 1949 81st D D - 54 D - 263 1947 80th D R - 51 R - 246 1945 79th D D - 57 D - 242 Yellow yearsmark Presidential inauguration.

    OUTTHEWINDOW

    A LIKE REPLY 14 hours ago F

    The Dow's improved 33% since Obama took office. In 2011, the Fortune 500 recorded record profits, and theyhave record cash reserves. For the top 5%, incomes have increased almost 400% since 2001. And despitehaving gotten a $1 trillion tax break that we were told "job creators" needed to create jobs, job growth isstagnant, so obviously those tax breaks aren't doing anything in terms of job creation.

    Meanwhile, the bottom 95% of the country has gotten hosed the past 10 years.

    THE_GREEN_DEVIL

    I can tell from this survey that the financial markets are really impressed with Obama's performance.But that doesn't mean you Obama propagandists can't keep trying.

    GRUMPYANK

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    6 hours ago in reply to The_Green_Devil 2 Likes F A LIKE REPLY

    A LIKE REPLY 3 hours ago in reply to grumpyank F

    Have a problem with facts, do you?

    FGBOUMAN

    A LIKE REPLY 4 hours ago in reply to grumpyank F

    But what about the numbers? Obama's being portrayed as being bad for business, yetbusiness is recording record numbers.

    The real angle is that business wants all regulations removed so they can legally steal moremoney. The Kochs want the EPA disbanded so they don't have to spend so much moneycleaning up their pollutants. Wall St wants the minimal regulations put in place after the crashof 2008 so that they can again be free to gamble and put the American taxpayer back on thehook when these gambles fail.

    So this isn't about improving the market. The market's doing just fine. This is about wanting toremove what pitiful protections for the American people remain and if they are, we're the oneswho are going to suffer.

    THE_GREEN_DEVIL

    A LIKE REPLY 33 minutes ago in reply to The_Green_Devil F

    You talk about the 'evil' Kochs but did you ever check out George Soros? He is atraitor to his own race and he helped the Nazi's during WW2, he has an agenda that'sUn-American and will benefit him the most. He is the ultimate hypocrite

    BOB SWEENEY

    A LIKE REPLY 1 hour ago in reply to The_Green_Devil 1 Like F

    The stock market is inflated with printed money from the Fed it's another bubble.Private business are hurting and not hiring, just drive around MOST towns and youwill see all the business that have failed or are failing, consumer spending is tanking

    BOB SWEENEY

    A LIKE REPLY 3 hours ago in reply to The_Green_Devil F

    Amen to that!

    FGBOUMAN

    A LIKE REPLY 12 hours ago in reply to The_Green_Devil 4 Likes F

    The DOW is being held up by the Fed so the bubble is false and very precarious.

    TXSOUTHERNGRACE

    A LIKE REPLY 4 hours ago in reply to txsoutherngrace F

    No, the Dow is not being held up by the Fed. The Fed has nothing to do with the Dow. Thebond market, yes, but not the stock market.

    But I do agree- the Dow is always false. More often than not, it's based on how investors feelabout a business, rather than sound financial numbers. If we wanted truthful numbers, therewould be a law that no stock could trade at a price that exceeds a 20/1 PE ratio. That shouldbe the true measure of the economy- something based on concrete numbers, rather than onthe whims of a bunch of greedy sociopaths.

    THE_GREEN_DEVIL

    A LIKE REPLY 3 hours ago in reply to The_Green_Devil 1 Like F

    The 0% interest rate is a key support (as are quantitative easings) for the Dowbecause the lemmings in the financial sector think everyone else thinks that they are.Reality is beginning to intrude but won't have much effect until it has a lot.

    FGBOUMAN

    Romney may well improve the stock market - but the stock market isn't the economy. If it were, our houses

    FGBOUMAN

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    A LIKE REPLY 15 hours ago F

    would have recovered their values and unemployment would be down to three percent... Remember, underObama, the stock market has nearly doubled... and frankly I don't see any way that Romney can top thatperformance, or even come close.

    A LIKE REPLY 6 hours ago in reply to fgbouman 3 Likes F

    So tell us, o wise one, how Obama is improving the economy. Try doing it without going to MediaMatters for talking points.

    GRUMPYANK

    A LIKE REPLY 9 hours ago in reply to fgbouman F

    Barry has gone easy on the Banksters - no time in the slammer for them... nor real reform like GlassSteagall reintroduced. Barry talks a good show but doesn't deliver. Mitt has car elevators and Dressagehorses to which I can relate and I like the trim of his powerboats and jet skis.

    CRAIGPURCELL

    A LIKE REPLY 2 hours ago in reply to craigpurcell F

    One of his errors is going easy on the banksters, no doubt about that. But not only them, alsoall lying mortgage brokers who sweet ta lked financially illiterate people into taking out loansthey could never pay back.

    The fact that Romney has built on his family wealth and connections and become very wealthydoesn't come close to Obama's progress from an absentee father, broken family, poverty, foodstamps to becoming a multi-millionaire and president of the United States.

    To put it another way, Romney started on third base and made it to home plate. Obama wasn'teven in the stadium or on the team and also made it to home plate.

    If you are in Romney's condition, by all means support him. If you haven't made it to at leastthird base by now, you are better off voting for someone who understands what it takes to getahead in America.

    FGBOUMAN

    A LIKE REPLY 17 hours ago 6 Likes F

    On Wednesday, November 7th, small business will begin hiring again. The sooner this economic dim wit, andhis dim witted staff are gone the better off America will be.

    10THGROUP

    A LIKE REPLY 2 hours ago in reply to 10thGroup F

    Exactly how will increasing our national debt (which is what Romney is proposing) by furtherreductions in the tax rate and increasing defense spending improve the situation?

    FGBOUMAN

    A LIKE REPLY 1 hour ago in reply to fgbouman 1 Like F

    Cut taxes, cut spending. It's a win-win. There are a few government departments that needeliminated too. Time to pull a few weaklings from the teat.

    PORKBEVR

    A LIKE REPLY 17 hours ago F

    I can't wait to be outsourced.CRAIGPURCELL

    A LIKE REPLY 15 hours ago in reply to craigpurcell 1 Like F

    Then vote for Mitt.

    FGBOUMAN

    A LIKE REPLY 6 hours ago in reply to fgbouman 3 Likes F

    Or vote for the socialist dictator in the White House.

    GRUMPYANK

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    A LIKE REPLY 9 hours ago in reply to fgbouman F

    Will he give me Healthcare after I lose my job to India or China?

    CRAIGPURCELL

    A LIKE REPLY 1 hour ago in reply to craigpurcell F

    Yeah but you or your fellow Americans will have to pay for it, there is no free lunch

    BOB SWEENEY

    A LIKE REPLY 23 hours ago 14 Likes F

    Markets responding positively to a pro-business president? Whoda thunk?ELKABONG

    A LIKE REPLY 15 hours ago in reply to elkabong F

    In March 2009 the Dow was at 6620. Now it is over 12,000 and has broken 13,000. I guess that mustmean that Obama is one heck of a pro-business president. You think Romeny can beat that record?

    FGBOUMAN

    A LIKE REPLY 18 hours ago in reply to elkabong 1 Like F

    We have a pro-business president now. Goldman-Sachs, Immelt, outsourcing, H1B visas, "FreeTrade" suicide, etc.... Hows that working for you?

    360MAN

    A LIKE REPLY 1 hour ago in reply to 360man 1 Like F

    We have crony capitalism, pay to play govt deciding who wins and who loses

    BOB SWEENEY

    A LIKE REPLY 15 hours ago in reply to 360man F

    Exports to China on track for being 3 times of that during the Bush presidency. Stock marketdoubled in value. Taxes at their lowest in thirty years. Seventeen tax reductions for smallbusinesses... All in all, I'd say that it is working pretty darned good. It would be working awhole lot better if the Republicans in Congress would help the economy rather than try todestroy it.

    FGBOUMAN

    A LIKE REPLY 12 hours ago in reply to fgbouman 3 Likes F

    Ask O and Harry why they're sitting on bills.

    TXSOUTHERNGRACE

    A LIKE REPLY 17 hours ago in reply to 360man 4 Likes F

    We have a pro-business president now.

    If you honestly believe that, I'm not even gonna try to persuade you otherwise. Manipulatingthe market through gooberment controls and incentives is not pro-business.

    ELKABONG

    A LIKE REPLY 17 hours ago in reply to elkabong F

    OH YES IT IS. Has been for decades.

    Ironically, the ONLY PRO-GOVERNMENT thing that should happen....that is actuallyprovided for in the Constitution.....that actually paid for government before we had theINCOME TAX it is TARIFFS. Yet in this Alice-in-Wonderland wacko world somehowbusiness interests OPPOSE tariffs......because they have long ago sold out thiscountry and Americans and import their garbage from overseas.

    360MAN

    Seems you read your history - that makes you an outlier here, and that's

    FGBOUMAN

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    A LIKE 15 hours ago in reply to 360man 1 Like F

    great. However you must realize that tariffs are really a merchantilistanachronism and probably cause more harm than good.

    A LIKE REPLY 20 hours ago in reply to elkabong 1 Like F

    So let's make it happen.

    JACK BEE

    A LIKE REPLY 21 hours ago in reply to elkabong 10 Likes F

    well he!! I don't need CNN telling me the improvemnt would be IMMEDIATE ..a dam tree stump wouldbe better than this chairman ocommie and clowns...no more dem-wits, I can't afford any more of thier"toucie..feelie" CRAP!!!!!!!

    MIKE

    A LIKE REPLY 23 hours ago F

    These are the financial experts that destroyed our economy? These people have no idea what they are talkingabout. Most "markets" should be outlawed just as they are in other countries and HAVE been illegal for muchof our history like credit default swaps.....

    ---------------http://www.cbsnews.com/2100-18...

    As correspondent Steve Kroft first reported last fall, they are

    essentially side bets on the performance of the U.S. mortgage marketsand some of the biggest financial institutions in the world - a form oflegalized gambling that allows you to wager on financial outcomeswithout ever having to actually buy the stocks and bonds and mortgages.

    Itwould have been illegal during most of the 20th century under thegaming laws, but in 2000, Congress gave Wall Street an exemption and ithas turned out to be a very bad idea.

    360MAN

    A LIKE REPLY 1 day ago 1 Like F

    Go figure, banksters want Romney to be President! With their current popularity the world over and the LIBORinvestigation going on that's a real ringing endorsement!

    It never ceases to amaze me how the GOP convinces their working class voters that supporting the financialclass is in their best interest. It must be because they're morons.

    JNBSTRAIGHT

    A LIKE REPLY 15 hours ago in reply to jnbstraight 2 Likes F

    It's one of the great mysteries of our time. Why in the world so many working-class white men want tohelp those who have kept them down is hard to fathom.

    FGBOUMAN

    A LIKE REPLY 6 hours ago in reply to fgbouman 3 Likes F

    The great mystery of history is how so many working men can believe the mythology of thesocialists - particularly when we've had many examples of socialism failing and being

    abandoned. But Obama is living in the past. His supposed new ideas are the old ones thathave failed. And the leftist trolls are equally uninformed, and will keep trying to bolster him up.

    GRUMPYANK

    A LIKE REPLY 21 hours ago in reply to jnbstraight 6 Likes F

    Since Obama acts like a socialist dictator, I doubt many people in the markets would be glad with avictory by him.

    GRUMPYANK

    jnb...such a nice little comrade fello...but in the future to gain full indoctrination status..the "Race thingy"

    MIKE

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    A LIKE REPLY 21 hours ago in reply to jnbstraight 2 Likes F

    ...but nice try..dem-wit!!!!!!!!!!!!

    A LIKE REPLY 22 hours ago in reply to jnbstraight 9 Likes F

    Yeah, lets' hope Obama taxes,stimulates and regulates us into prosperity like he's done for the last 31/2 years.

    BOB SWEENEY

    A LIKE REPLY 1 day ago 9 Likes F

    I'm kinda surprised CNN would conduct a poll like this, because there was no question that the responseswould be heavily in favor of Romney.

    ANNIE66

    A LIKE REPLY 21 hours ago in reply to Annie66 4 Likes F

    Perhaps they're trying to re-establish themselves as legitimate news reporters. They can't recapturethe leftist audience, which is probably watching MSNBC.

    GRUMPYANK

    A LIKE REPLY 1 day ago 15 Likes F

    I believe when Romney is elected, there will be the beginning of the greatest bull market in stocks ever seen.That is one reason among many I will be voting for him.

    SOUTHERNLENS

    A LIKE REPLY 12 hours ago in reply to southernlens 1 Like F

    I agree ..... but we are going to have a strong correction first.

    TXSOUTHERNGRACE

    A LIKE REPLY 1 day ago 4 Likes F

    The other 25% are the Obama idiots who want to kill the markets.

    Will they succeed before the e lections?

    KJINAZ

    A LIKE REPLY 1 day ago 11 Likes F

    Leave it to a financial guy to tell us t he obvious, too late and when prediction is as easy as falling off a log withyour hands tied behind your back.

    OREGONTEA

    A LIKE REPLY 1 day ago 19 Likes F

    Even if you don't like Mitt the election is all about getting Obama out of the Oval Office.I'd vote for a sparkplug. If Mitt doesn't live up to expectations we can kick his butt out too in four years.Anybody but Obama.

    CROSSCUT

    A LIKE REPLY 23 hours ago in reply to Crosscut F

    How many times are you going to be a fool?

    http://2.bp.blogspot.com/_oNfV...

    360MAN

    360 ..what's your point or just having a bath-salts moment??? cough it up comrade...declare

    MIKE

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    A LIKE REPLY 21 hours ago in reply to 360man 3 Likes F

    yourself to be an idiot and provide proof...

    A LIKE REPLY 1 day ago 16 Likes F

    Do not need a poll to believe, if Obama the Liar wins the markets will crash. It would be instant collapse andstraight into a Depression worse than 1929.

    GRAMERA

    A LIKE REPLY 14 hours ago in reply to Gramera 1 Like F

    Maybe you could explain why, if Obama is so horrible for business, that the stock market has jumpedfrom 9000 to almost 13000 these past 3 years Obama's been in office? Or maybe you'd like to take astab at how, under this "socialist" anti-business president, the Fortune 500 recorded record profits in2011 and have record cash reserves?

    THE_GREEN_DEVIL

    A LIKE REPLY 2 hours ago in reply to The_Green_Devil F

    got a book deal?

    CRAIGPURCELL

    A LIKE REPLY 1 day ago 22 Likes F

    "A recent CNNMoney survey found that 75% of money managers and investment strategists believe a MittRomney victory would lift U.S. markets."the other 25% purchased their degree from the same place obama did!

    PETEEE363

    A LIKE REPLY 1 day ago in reply to peteee363 11 Likes F

    I was going to post "the other 25% are his bundlers!"

    SISQUINANAMOOK

    A LIKE REPLY 2 hours ago in reply to Sisquinanamook F

    The Casino is open for business!

    CRAIGPURCELL

    A LIKE REPLY 1 day ago 30 Likes F

    Since when did the democrats pen the word 'RICH', as a dirty word??? I have NEVER worked for a poorperson!

    RKMM

    We liberals have NO problem with being rich in fact we aspire to it but we understabd that low taxes onwealthy and corporations can't sutain our sy stem. Reasonable taxation on wealthy and low taxation onthe 50-60% at bottom is the only way to balance the flaws of pure capitalism which eventually leads toa very few people having most of the money and then things collapse because the masses have NOpurchasing power. Money is like a pie, when they say t he wealthy have the biggest share of the pie thatleaves only crumbs for the rest of us. There is a finite amount of money and if you shift it all to a few the

    masses cannot create jobs by buying goods and services which create demand and then new jobs.Corporations now SIT on RECORD amounts of wealth because of low taxes and when things sloweddown they simply downsized to retain their profits while many of us lost jobs, had benefits, 401k's,hours dwindle. The end result will be disastrous if we do not look back to the Great Depression. In theyears leading up to it taxes were lower on wealthy than now and it caused this great shift of wealth weare seeing now. 1929 it all collapsed and FDR took office in Jan 1933 and raised taxes on wealthy fromthe mid 20's to over 90%. Unemployment was 25% and by 1941 it dropped to 9.66% as he createdgovernment jobs to build our great highway system, bridges, etc. The masses regained purchasingpower and the economy grew. It was not until after 1980 that the tax rates dropped dramatically forwealthy and the great wealth shift began anew thanks to the Trickle Down Voodoo (Bush Senior'swords)economics of the B rate actor Reagan and GW's follow up reductions. These two Presidentscaused the debt to skyrocket with military spending and greatly reduced revenues while creating aMUCH larger gap between the rich and the rest of us. This is simple math not socialism. Get a cluepeople. Clinton raised rates up modestly on wealthy and balanced the budget. Do any of you peoplestudy history and the graphs that show the effects of all t hese ideological insane actions.

    DOUBLED75

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    A LIKE REPLY 15 hours ago in reply to rkmm F

    A LIKE REPLY 14 hours ago in reply to DoubleD75 10 Likes F

    Nice Liberal account of history. Facts please: FDR's polices CREATED the Great Depression.First it was a banking collapse caused by FDR in the first place. It was he, and othersstopping the private sector from stopping a run on banks that led to 35 to 40% of the USmoney supply disappearing in Oct - Nov 1930. After Hoover, a progressive in his own rightlifted tax rate on successful individuals and businesses from 25 to 60%, FDR took this to 90,and when that was not enough slapped an "unused profits tax" of 100%. It was curtailinginvestor return that stopped things cold. Who would invest a dollar for nothing fool.

    Unemployment peaked at 25% in 1930, it fell slowly to 16 in 1935, and rose again to 20% in1936. Like today people dropped out of the workforce in droves. That 20% rate of 1936 wouldhave registered at 25 if the workforce has remained the same proportion of population. FDR'spolices for 8 years did nothing to alleviate the depression. At that point voters had enoughand leftists who controlled policy were tossed. More favorable policies for business followed.Unemployment fell from 18% in January 1939 to 11% by Nov 1940. The unused profits taxwas repealed, businesses were allowed to write off capital expenses in a manner that madesense. (FDR had stopped this). WWII stopped consumer spending cold war bonds siphoningsurplus capital. At the end of the war pent up demand and a more pro business congressbegan to impact. This was followed by nearly doubling of family formation, much higher childbirth rate, that in turn triggered a housing demand surge. Add to this introduction of consumerelectronics. This happening while US foreign competition was basically bombed out of thegame for nearly a decade. That my leftist friend is what ended the Great Depression.

    That "B" actor Reagan had an economics degree. The current man in office is reported not tohave completed math 11. His degree is Government with a minor in Ethnic studies, (Basket

    weaving 401) Did you know these facts before going to your "charts" which are probably fromsome nonsensical leftist site, or university study? After Reagan some 23 million jobsappeared pulling the US out of a period of malaise worse than the recent crash.

    Like all Democrats when quoting Clinton's successful economy focus on income tax rate -effectively lying by reason they avoid a larger drop of dividend and capital gains tax rate thanthe Bush cuts of 2003, and welfare reform which Obama undid last Friday. Budget outlookwas also much improved by a large cut of defense spending. Democrats also lie about thegap between rich and poorer in the US between the election of Reagan and Bush leavingoffice. Fact is everyone's incomes increased, more people moved up than down. Fact issince Democrats took control of the House and Senate, then Obama taking the White HouseUS medium household income has dropped by 11 points to 89 cents for every dollar they hadin 2006. What policies created this situation?

    Community Re-Investment Act that created Pressure on banks (threat of IRS regulatory oroutright removal of license) to loan to people with little or no credit.

    Democrat blocking of efforts by regulators to get on top of Fannie Mae and Freddie Mac.GAAP was thrown out the window on the altar of political need to buy votes by underwriting

    bad loans. This in turn led to leverage and credit default swaps we are all too f amiliar with.Bad players seeing an opportunity with the swaps knew too well they could cash in if theybegan to go after the default system.

    Mark to Market changes that forced banks to restate their bottom line daily was introduced bySchumer, Kerry, Dodd, Obama and other Democrats. In combination with removal of theUptick Rule by Paulson and Geithner, this proved particularly useful for people like GeorgeSoros, and mid eastern sovereign wealth funds to manipulate the system and trigger thecrash. Naked short sales hit 1600X the pace of 2007 at the peak when Lehman Brothers wasdestroyed. Notable Democrats in the House and Senate both blocked efforts by regulators tostop "dark market" manipulation in the first place. Bush piled on to this by not mentioning thedanger in public despite constant warnings by f inancial experts of the impending danger.

    In other words Obama inherited not a Bush policy led crash, but a significantly Democrat one.

    My analysis places blame at 65 - 35% in favor of Democrats on this one. This is the biggestObama lie of all, aided and abetted by a compliant media.

    GREATNESSLOSTISLEGEND

    A LIKE REPLY 1 day ago in reply to rkmm 6 Likes F

    Rich is not a Dirty Word, But Not Paying Your Fair Share of Taxes, and outsourcing American Jobs t oother Country, make the word "Rich" Look bad in most American Eyes.

    EDDIEXP3

    What's a fair share? Don't you think it's fair to have the people who pay no income tax now

    GRUMPYANK

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    A LIKE REPLY 21 hours ago in reply to eddiexp3 10 Likes F

    pay something? The wealthier taxpayers are already taxed at a higher rate. And whoprovides most of the revenue? It's not the people at the lower end of the income scale.

    And finally, you don't speak for most Americans.

    A LIKE REPLY 1 day ago in reply to eddiexp3 15 Likes F

    The only way to level the playing field is to have EVERYONE, and I mean EVERYONE PAYTAXES! I don't give a flying FRACK who the h*ll you are, we all need to pay taxes. That's partof the reason we're in this mess today. Not EVERYONE is paying their FAIR SHARE!

    RIGHTUNITE

    A LIKE REPLY 6 hours ago in reply to RightUnite 2 Likes F

    Start by eliminating the "tax loophole" that lets 50% pay nothing, and a certainpercentage of those to get a refund, on top of paying nothing.

    JIM SNAPE

    A LIKE REPLY 1 day ago in reply to eddiexp3 4 Likes F

    Neither Party really wants everyone to pay a fair share.Why don't the socialists ever want to socializes taxes? My guess is they would find it harder todivide folks & that interfers with that Lording over others thing.

    KELTIC1

    A LIKE REPLY 1 day ago in reply to eddiexp3 20 Likes F

    You're right. The rich don't pay their fair share. They pay their fair share and the fair shares ofthe entire bottom half of the tax filers in the US.

    "In 2002 the latest year of available data, the top 5 percent of taxpayers paid more thanone-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6percent) of income."

    What does the bottom 50% pay, you ask? You know, those people toiling away in the dustand the dirt to pay for what the rich refuse to?

    "The share of taxes paid by the bottom 50 percent of t axpayers will fall from 4.1 percent to 3.6percent."

    Data for later years can be found here: http://ntu.org/tax-basics/who-...

    And as for offshoring (which Obama is not economically literate enough to know is differentfrom outsourcing) how are those Fisker jobs in Finland paid for with our tax dollars doing? Orthe jobs at a solar plant in Mexico? How Romney spent his own money is his business. HowObama spends tax money is our business. Those who criticize Romney for offshoring hadbetter be prepared to criticize The One as a bigger offshorer by far.

    SISQUINANAMOOK

    A LIKE REPLY 1 day ago in reply to eddiexp3 22 Likes F

    The top 20% already pay 94% of the taxes. How bout some frickin relief from the bottom up.We now have nearly 50% of the population on some kind of Goverment subsidy. The nationcannot withstand more taxes and intitlements. All anyone with half a brain has to to is look a tFrance, Greece etc. They have been down this road already and it isn't pretty now.

    MIKEMIN07

    A LIKE REPLY 22 hours ago in reply to mikemin07 10 Likes F

    Would never happen but let's go back to the country's formation. If you don't ownland, no vote. If you don't pay taxes, no vote.

    ORANGEONE

    A LIKE 21 hours ago in reply to Orangeone 7 Likes F

    no Fed. ID Tax no. ....no vote...

    MIKE

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    A LIKE 21 hours ago in reply to Orangeone 6 Likes F

    The socialist argument is that people making the most money should pay forthose who don't pay anything.

    GRUMPYANK

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