Economy is roaring

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

But what is "anti-business climate" specifically? A feeling? Are you claiming that the stock market is based on feelings? What about the roaring economy?

don't be an idiot. If a socialist is elected, money will be withdrawn by corporations in a huge stock sell off in order to protect themselves from oncoming tax increases. They will pull the money to protect it before it is ripped from their accounts. Companies will be forced to lay off millions of people because they won't be able to pay them. Jobs will again be off loaded to foreign lands and companies wlll send hide their money overseas. The economy will go full recession and depression.

How about we just increase taxes to their 2017 level? According to Trump supporters, the economy was roaring then too. And--bonus-- the deficit was 50% lower.

Geez.....do I have to teach you about EVERYTHING? The market was doing well then too because of the ANTICIPATION of the tax cuts, particularly those involving corporations. Stock markets are a leading indicator. I thought you liberals were so smart; surely you took Econ 101.

Interesting. The stock market was also very strong in 2015, reaching record highs at the time. Why was it so high then? What was it anticipating?

Well it certainly wasn't anticipating a socialist! But even so, the jump in the stock market has been unreal since Trump was elected - up nearly 60%.

Bernie Sanders ran for President in 2016. Why wouldn't a socialist run in 2020 as well?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

But what is "anti-business climate" specifically? A feeling? Are you claiming that the stock market is based on feelings? What about the roaring economy?

don't be an idiot. If a socialist is elected, money will be withdrawn by corporations in a huge stock sell off in order to protect themselves from oncoming tax increases. They will pull the money to protect it before it is ripped from their accounts. Companies will be forced to lay off millions of people because they won't be able to pay them. Jobs will again be off loaded to foreign lands and companies wlll send hide their money overseas. The economy will go full recession and depression.

Absolutely! And the liberals upthread who are denying that emotion plays a role in the stock market are quite ignorant.

The question is timing: By the time Bernie wins his first few primaries, and it looks like he could be the nominee, the market will have already taken a big hit. If he goes on to clinch the nomination, even more of a hit. And if he wins the presidency, G-d help us all. Economic disaster.

But why would the stock market crash? What would Bernie's nomination do to hurt the value of stock so significantly?

Are you asking honestly, or just trying to be argumentative? Bernie's nomination would be frightening to investors because we would be one step closer to the possibility.....shudder.....that he could actually win the presidency. And remember, we won't know if the Senate "flips" until Election Day, either, so there's a slim chance that Bernie, if he won, could actually enact his stock market-killing policies. The first, of course, would be to hike taxes on corporations, but investors would be scared also of strangling regulations, fees on transactions (need to raise money for the giveaway programs), all sorts of things. Trust me: a socialist winning the WH would spell economic disaster.

So the market will crash if there is even a miniscule chance that the Senate flips and Bernie wins? You don't think that, maybe, the probability of this happening is baked into the market from the moment the presidential campaign started
The stock market was also really high in 2014, 2015, 2015 and 2017 and corporate taxes were higher. Why would returning to previous corporate tax rate spell economic disaster?

The stock market wasn't really high then, compared to now. Everything is relative. It's really, REALLY high NOW, because Trump's pro-business policies have been enacted. Are you HOPING to drop back down to the 2014 and 2015 levels by returning to the previous corporate tax rate? But worse.....the shock waves from having a socialist in the WH would cause it to dip below that.

And you're right. The odds of Bernie winning the WH is slim. (The odds of winning the nomination are good, though.) So the question is: do we ride down the stock market with a Bernie nomination and then ride it back up when Trump wins, risking of course the slim outcome that Bernie wins the WH.

[Anonymous]

Anonymous wrote:Are you liberals playing dumb with all these questions? Do you really not understand how Bernie's proposed policies would KILL the stock market, hurt businesses, increase the unemployment rate, and so forth? Socialism in a country with 330 million people, and with a porous border in which illiterate illegal immigrants stream in, is a recipe for failure?

It wouldn't be so bad with Biden. He's somewhat normal. (He just needs to keep his hands off the little girls until Election Day.)

Frankly, I don't think they are playing dumb.

They ARE dumb.

It's scary.

[Anonymous]

"The stock market was the opposite of strong in 2015 and 2016 -- until the very day Trump was elected."

Opposite of strong? Please back up this claim.

Thanks. -NP

[Anonymous]

Anonymous wrote:

Anonymous wrote:

But what is "anti-business climate" specifically? A feeling? Are you claiming that the stock market is based on feelings? What about the roaring economy?

don't be an idiot. If a socialist is elected, money will be withdrawn by corporations in a huge stock sell off in order to protect themselves from oncoming tax increases. They will pull the money to protect it before it is ripped from their accounts. Companies will be forced to lay off millions of people because they won't be able to pay them. Jobs will again be off loaded to foreign lands and companies wlll send hide their money overseas. The economy will go full recession and depression.

How about we just increase taxes to their 2017 level? According to Trump supporters, the economy was roaring then too. And--bonus-- the deficit was 50% lower.

We would have to cut spending to 2017 levels. We are spending $550 billion more in 2019 than we were in 2017.

https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

But what is "anti-business climate" specifically? A feeling? Are you claiming that the stock market is based on feelings? What about the roaring economy?

don't be an idiot. If a socialist is elected, money will be withdrawn by corporations in a huge stock sell off in order to protect themselves from oncoming tax increases. They will pull the money to protect it before it is ripped from their accounts. Companies will be forced to lay off millions of people because they won't be able to pay them. Jobs will again be off loaded to foreign lands and companies wlll send hide their money overseas. The economy will go full recession and depression.

How about we just increase taxes to their 2017 level? According to Trump supporters, the economy was roaring then too. And--bonus-- the deficit was 50% lower.

Geez.....do I have to teach you about EVERYTHING? The market was doing well then too because of the ANTICIPATION of the tax cuts, particularly those involving corporations. Stock markets are a leading indicator. I thought you liberals were so smart; surely you took Econ 101.

Interesting. The stock market was also very strong in 2015, reaching record highs at the time. Why was it so high then? What was it anticipating?

Wow.

You're crazy.

The stock market was the opposite of strong in 2015 and 2016 -- until the very day Trump was elected.

You Dems live in Planet Earth?

https://www.cnbc.com/2015/02/20/dow-sets-first-record-close-for-2015-sp-at-high-on-greece-deal.html
https://money.cnn.com/2016/07/12/investing/dow-stock-new-high-record/
https://www.cnbc.com/2016/08/15/us-markets.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

But what is "anti-business climate" specifically? A feeling? Are you claiming that the stock market is based on feelings? What about the roaring economy?

don't be an idiot. If a socialist is elected, money will be withdrawn by corporations in a huge stock sell off in order to protect themselves from oncoming tax increases. They will pull the money to protect it before it is ripped from their accounts. Companies will be forced to lay off millions of people because they won't be able to pay them. Jobs will again be off loaded to foreign lands and companies wlll send hide their money overseas. The economy will go full recession and depression.

How about we just increase taxes to their 2017 level? According to Trump supporters, the economy was roaring then too. And--bonus-- the deficit was 50% lower.

Geez.....do I have to teach you about EVERYTHING? The market was doing well then too because of the ANTICIPATION of the tax cuts, particularly those involving corporations. Stock markets are a leading indicator. I thought you liberals were so smart; surely you took Econ 101.

Interesting. The stock market was also very strong in 2015, reaching record highs at the time. Why was it so high then? What was it anticipating?

Well it certainly wasn't anticipating a socialist! But even so, the jump in the stock market has been unreal since Trump was elected - up nearly 60%.

Bernie Sanders ran for President in 2016. Why wouldn't a socialist run in 2020 as well?

Sanders was NEVER a serious contender in 2016. But the leftists have gotten much worse since then, and there's a good chance he'll get the nomination. It's the general where he'd be wiped out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you liberals playing dumb with all these questions? Do you really not understand how Bernie's proposed policies would KILL the stock market, hurt businesses, increase the unemployment rate, and so forth? Socialism in a country with 330 million people, and with a porous border in which illiterate illegal immigrants stream in, is a recipe for failure?

It wouldn't be so bad with Biden. He's somewhat normal. (He just needs to keep his hands off the little girls until Election Day.)

Frankly, I don't think they are playing dumb.

They ARE dumb.

It's scary.

It is. They would vote for Bernie, not realizing the damage they'd instill on others.

[Anonymous]

Anonymous wrote:"The stock market was the opposite of strong in 2015 and 2016 -- until the very day Trump was elected."

Opposite of strong? Please back up this claim.

Thanks. -NP

OMG.

Look up SP500 in 2015 and 2016 before Election Day.

You know how to do that?

[Anonymous]

Anonymous wrote:Are you liberals playing dumb with all these questions? Do you really not understand how Bernie's proposed policies would KILL the stock market, hurt businesses, increase the unemployment rate, and so forth? Socialism in a country with 330 million people, and with a porous border in which illiterate illegal immigrants stream in, is a recipe for failure?

It wouldn't be so bad with Biden. He's somewhat normal. (He just needs to keep his hands off the little girls until Election Day.)

I guess I just don't understand how, in a democracy, one person can have enough power to turn the economy to "roaring" (as you claim Trump has done) or to "failure" (as you claim Bernie will do). I mean historically speaking, the markets aren't moved by elections. The success of the U.S. economy has also historically been independent of the party of the President. You have no data to support your claim. Just alot of feelings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you liberals playing dumb with all these questions? Do you really not understand how Bernie's proposed policies would KILL the stock market, hurt businesses, increase the unemployment rate, and so forth? Socialism in a country with 330 million people, and with a porous border in which illiterate illegal immigrants stream in, is a recipe for failure?

It wouldn't be so bad with Biden. He's somewhat normal. (He just needs to keep his hands off the little girls until Election Day.)

Frankly, I don't think they are playing dumb.

They ARE dumb.

It's scary.

It is. They would vote for Bernie, not realizing the damage they'd instill on others.

What damage can he inflict with a Republican controlled Senate. I keep asking that question and no one has answered.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you liberals playing dumb with all these questions? Do you really not understand how Bernie's proposed policies would KILL the stock market, hurt businesses, increase the unemployment rate, and so forth? Socialism in a country with 330 million people, and with a porous border in which illiterate illegal immigrants stream in, is a recipe for failure?

It wouldn't be so bad with Biden. He's somewhat normal. (He just needs to keep his hands off the little girls until Election Day.)

Frankly, I don't think they are playing dumb.

They ARE dumb.

It's scary.

Oh, good....I found a smart one in this sea of liberals.

So let me ask you: Who would you prefer as the nominee: Biden, who is more likely to beat Trump, but not as horrible if he does; or Bernie, who is very unlikely to beat Trump, but would spell disaster if does. Since I'm in an open primary state, I can vote for one or the other on the Dem ticket.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you liberals playing dumb with all these questions? Do you really not understand how Bernie's proposed policies would KILL the stock market, hurt businesses, increase the unemployment rate, and so forth? Socialism in a country with 330 million people, and with a porous border in which illiterate illegal immigrants stream in, is a recipe for failure?

It wouldn't be so bad with Biden. He's somewhat normal. (He just needs to keep his hands off the little girls until Election Day.)

Frankly, I don't think they are playing dumb.

They ARE dumb.

It's scary.

It is. They would vote for Bernie, not realizing the damage they'd instill on others.

What damage can he inflict with a Republican controlled Senate. I keep asking that question and no one has answered.

You've gotten the answer, but you're throwing out these questions in such rapid-fire that you missed the answer. Go back upthread and you'll find it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In the meantime, I'm a middle earner with a nearly 40% increase in my retirement account this year, and my mother's money has gone up so much that we can afford to keep her in the nice assisted living place for at least another few years. One of my friends lost her job at age 63 (63!!) and, due to the low unemployment rate, was able to find a new job within weeks. Others, earning lower-level wages, have seen increases for the first time in a decade. It's been very good for the bulk of Americans.

Congratulations. You realize that by having ANYTHING in the market, that puts you in the top 25% of the country in terms of wealth, right?

Not true.

Over 50% of adults have direct or indirect holdings of stock. Thirty percent of adults in the lower 50th percentile of income own stock. Many of the adults who don't own are young and are not yet interested in saving for retirement.

https://www.politifact.com/california/statements/2018/sep/18/ro-khanna/what-percentage-americans-own-stocks/

DP - but effectively only the very rich have any significant stake. As the link describes, the comment should have been:
"Most Americans Don’t Have a Real Stake in the Stock Market."

[Anonymous]

Anonymous wrote:

Anonymous wrote:"The stock market was the opposite of strong in 2015 and 2016 -- until the very day Trump was elected."

Opposite of strong? Please back up this claim.

Thanks. -NP

OMG.

Look up SP500 in 2015 and 2016 before Election Day.

You know how to do that?

I do. I know how to see an upward trend over the last decade.

I see many parts of 2015 and 2016 (pre election) are higher than 2014's high point.

Honest question: What am I missing? How does the data indicate 'opposite of strong'?