Is the world economy crashing because the world fears Obama will be President?
Proper Gentleman asked:
I had to ask myself this morning. And I have been considering voting for him. How much of a role in the economic downturn does this play? Haters will be reported.
Its fascinating how quickly people that think one way or the other will turn ugly if it helps them justify their opinion and argument…not that it makes it right. I am not listening to anyone, I am asking myself an honest and objective question. Re-read my question, I am considering voting for him. THINK before you go off on someone.
I had to ask myself this morning. And I have been considering voting for him. How much of a role in the economic downturn does this play? Haters will be reported.
Its fascinating how quickly people that think one way or the other will turn ugly if it helps them justify their opinion and argument…not that it makes it right. I am not listening to anyone, I am asking myself an honest and objective question. Re-read my question, I am considering voting for him. THINK before you go off on someone.
No this has been in the making for years….again ignorance.
No, the economy is screwed because of deregulation which McCain has always supported.
No it’s been crashing long before Obama started running for President it really started getting bad about the last 2-3 years slowly…
No he is not the pres.
No, it is because Bush has been at the helm for 8 years. The empty policies are catching up with us.
I’m glad you will report haters. Thank you.
The Stock Market experts and economic experts prefer McCain. Obama’s plans will place a heavier burden on an already burdened market. By the way, you are going to hear that Bush caused this. He did not.
NO IT IS BECAUSE
OF REPUBLICAN
GREED AND SPECULATION
ON WALL STREET .
PUT THE BLAME WHERE IT TRULY
BELONGS.
P.S.
SORRY -IT IS BECAUSE OF REPUBLICAN
DEREGULATION
WHICH HAS ALLOWED GREED AND SPECULATION AS
WELL AS GOUGING..
MY CAP KEY GETS STUCK -I AM NOT SHOUTING
The world doesn’t fear Obama as Pres. They would love to see that! It can only help them. It’s us who it will hurt.
no, it’s crashing because of GOP deregulation.
No, Greed and incompetence has won out. It’s time to throw all of the politicians out of office, revamp our financial system and for the people to take more control of their lives. We need to start with these crooks:
(R) Chris Cox; Chair–Securities and Exchange Commission (SEC)
(R) Henry Paulson; Secretary of the Treasury
(D) Barney Frank; Chair–House Finance Committee
(D) Chris Dodd; Chair–Senate Banking Committee
(D) Chuck Schumer; Heads Joint Economic Committee
(D) Richard Syron; CEO–Freddie Mac.
(D) Frank Raines; CEO–Fanny Mae
(D) Kerry Killinger; CEO–Washington Mutual
(D) Maurice Greenberg; CEO–AIG
(D) Richard Fuld Jr. CEO–Leman Brother
No. Most of the world wants Obama to be president.
I think you know why the economy is in trouble.
haters? look at your question. you are automatically hating on obama. and no the economy is not crashing because they fear obama. if you ha vent noticed nobody is president yet, so nobody has anything to fear for a few months. the economy crashing and obama has nothing to do with each other.
that is what i have been hearing. we all know that obama is going to raise taxes its the liberal way and it always has been going back many many many years. Since we have all learned that obama is the most liberal in the senate this should be on folks mind.
Yes , plain and simple .
No, no, no….this is far bigger than Obama. It’s been building for years, and finally is breaking loose.
None, please quit listening to Karl Rove and Fixed Spews Skewed News.
No–they are simply afraid of the American economy. Most other countries want Obama to win. Obama’s polls go up after the market does poorly, not the other way around.
No, why would you think like that? What did Obama to this entire world for them to think if Obama becomes President the economy is going to crash? For now he’s just a senator from Illinois who is running for President of the United States. If he wins, he’s going to be the President of the United States, not any other country. He can’t rule the whole world though his opinions may count.
No, actually the reports I’ve seen seem to indicate the rest of the world FAVORS Obama as American president.
This mess has nothing to do with our current eleciton. It has to do with the lack of governmental oversight over corporate American over the past many years. This sort of thing doesn’t happen overnight. It’s been coming for a long time, and if you’ve been listening, they’ve started this talk of recession since well befroe Obama even announced his candidacy.
no, but it will be worsen if he becomes President.. more job loss, more job cuts because of higher tax for the rich..
I truly believe it. I was talking with a co-worker who has a son going to a top business school and the professor of his economic class told the students that Obama’s economic policies will cause the economy to spiral downward. The professor said it will be so bad for the US economy. I believe the thought of Obama becoming the President of the most powerful country in the world is causing the crashing of the world economy.
The stock market is going down because people who don’t want to have to pay a higher capital gains tax are pulling their money out now before Obama is elected.
We need to get our money back in our hands and bury it in the back yard, other wise, the tax man (Obama) cometh.
It’s crashing because if the banks in this and other countries had to mark their assets to market right now, most would be insolvent.
Also commodity prices were over-inflated for more than a year, and this hurt the real economy.
Obama has nothing to do with the down fall. If you do a little searching you will see that most people around the world would rather see Obama take the seat of President.
That is true. My brother in law was laid off yesterday in anticipation of Obama being elected.
No, (I will not be voting for Obama)
Obama could have an impact rasing capital gains tax, but this is the equation assuming you want an 8% return to invest.
1-(.08/.85)/(.08/.75)=11% This is the amount they could be pricing in for Obama.
Of course it is. Listen to CEO’s who fear an Obama presidency. The liberals here will tell you that it is only because they are rich, but when a company will get taxed more, initially they will make less profits unless they raise their prices. If they raise their prices, less purchases can result. I may be voting for McCain, but I don’t think that if Obama wins that this will be permanent. I do think fears of an Obama presidency will hurt the market for a while though until either McCain wins or a couple of months of an Obama presidency quells fears.
That could be one of the factors, but it definitely is not the only reason. You have to realize, Obama has been ahead in the polls since practically day one, and everyone knows that neither one of these presidential candidates will be able to fix the economy, so maybe it isn’t just Obama, the problem could be hat americans realize that it doesn’t matter which one of the two wins the election, neither will be able to dig us out of this whole we are in. It will take a long time.
It couldn’t possible have anything to do with the fact that Bush has been throwing our money away like gangbusters for the last eight years right!!! OMG!! Wow, that’s stupid. If anyone is actually sitting around thinking that fear of Obama caused this economy to tank, then I just have no hope for them.
The economy is crashing for many reasons. People are losing jobs by the millions. When they lose those jobs and are unable to get reemployed quickly the 401k money is removed as well. Think of the billions of dollars that is removed from the market every time a company lays off thousands of employees. The companies can not afford to stay open and are either moving away or closing completely leaving no jobs. The mortgage ***** ups and bad loans along with highly inflated interest rates added to that as well. People are cutting back drastically on spending some not out of choice but out of necessity. I do not believe Obama is the solution, but I also do not believe any 1 person or action is the cause. It takes all branches of government to pass a bill. our government has been extremely wasteful and liberal in its allowances. It is natural for everyone to immediately blame someone or something, but in reality it is a combination of things that have done this.
No! Silly.
Again, I urge you to research your questions instead of listening to others.
This economic problem has been in the works for years, we have been plugging the pin holes with chewing gum. ( remember Enron ? ) Now the pin holes have become hand sized and plugging won’t work anymore, we have to rebuild.
It is only scare tactics to say that Obama is responsible. What do you think will happen if McCain is elected, and he continues the chewing gum routine ( Bush policies ) as he has pledged?
the economy is tanking from a failed policy that Greenspan himself came out and said was the issue
since the master of capitalism came out yesterday and said I screwed up, this model cannot work, investors flipped out.
now, it started about 40 years ago and this is a result of really REALLY bad economics…deregulatory free markets with no oversight and assuming the brokers wont get greedy is…well, by any logic, a retarded system…but the republicans demanded this is a brilliant design.
this happened also leading up to the great depression, and FDR got in office, slapped regulations on everything, changed the policys to build a strong middle class, and lead us out of the depression.
Conservatives are moronic and blind greedy people whom use religion to sway the less educated voters to keep them in positions of power so they can continue on lining their own pockets.
the majority of economists worldwide insist that Obama’s plan is the only stable plan..but until January, neither candidate will effect the market. Market time is hour to hour, not month to month.
No, I dont believe that’s the case at all. People in other countries may be afraid I guess but I dont think the crashing of the economy has anything to do with that. Any one I know from a different country actually hopes that Obama will win!
OBAMA 08!
In part, maybe. Obama’s economic plan is to raise taxes on high wage earners, small business (other than mom pop operations) and corporations, in other words, on exactly those who create jobs. To do this at any time is a bad idea, but to do this into the teeth of a recession is pure idiocy. The last time this was done was after the 1929 stock market crash which turned that recession into the Great Depression. We don’t need a replay of that.
Economies will always go through cycles of growth and recession…that’s just how it works. Politicians can do little to improve the situation at any time, however, they can do much to make things a whole lot worse. The current difficulties will sort themselves out over the next 6-18 months if left to do so. But if there are any more reactionary moves, or if taxes are raised (which only kill growth), then those 6-18 months can quickly become 5-10 years or more.
Haters will be reported = unless you agree with me you will be reported.
My answer is No. Its not crashing because of Obama… do you get out much?
This has been going on before Obama even surfaced. Thanks to those big proponents of deregulation: THE REPUBLICANS with George Bush at the helm.
One would think we’d learn from the last 8 years what deregulation and stripping the FDA did:
poison drugs – Vioxx
poison food – massive beef recalls
imported lead tainted toys
poison imported pet food – melamine
poison imported chocolate – melamine
Severe economic meltdown caused by the United States and deregulation.
Ask yourself this about deregulation:
If people did what they were supposed to do, do you think we’d need laws?
The world economy is crashing because we had eight years of a Republican administration that did not know what it was doing . . as little as a week before the ‘crash’ John McCain was saying that our ‘economy’ was strong . . totally out of touch with what was happening.
McCain On ‘Black Monday’: Fundamentals Of Our Economy Are Still Strong
Obama has consistently been on the front line about the economy, long before crash. He has always stated that the election revolved around our economy. He was among the first to note that the expensive war in Iraq was in part responsible for our sinking economy.
The fact that we’re spending $12 billion every month in Iraq means that we can’t engage in the kind of infrastructure improvements that are going to make us more competitive, we can’t deliver on the kinds of health care reforms that Clinton and I are looking for. McCain is willing to have these troops over there for 100 years. The notion that we would sustain that kind of effort and neglect not only making us more secure here at home, more competitive here at home, allow our economy to sink.
Source: 2008 Democratic debate at University of Texas in Austin Feb 21, 2008
Accountability and oversight over the financial markets
The sub-prime lending mess, part of the reason it happened was because we had an administration that does not believe in any kind of oversight. You’ve got to disclose if you’ve got a teaser rate and suddenly their mortgage payments are going to jack up they can’t pay for them. I intend to restore a sense of accountability and regulatory oversight over the financial markets. We have the best financial markets in the world, but only if they are transparent and accountable and people trust them. – Barack Obama 1/15/08
Return to PayGo: compensate for all new spending
We were told by our President that we could fight two wars, increase our military budget by 74%, spend more on education, initiate a prescription drug plan, have tax cuts, all at the same time. We were told by Congress that they could make up for lost revenue by cutting government waste.
The result is the most precarious budget situation we have seen in years. We now have an annual budget deficit of almost $300 billion, not counting more than $180 billion we borrow every year from the Social Security Trust Fund.
It is not the debt that is most troubling. The bulk of the debt is a direct result of the President’s tax cuts, 47.4% of which went to the top 5% income bracket.
We can eliminate tax credits that have outlived their usefulness close loopholes that let corporations get away without paying taxes. We can restore a law that was in place during the Clinton presidency–called Paygo–that prohibits money from leaving the treasury without some way of compensating for the lost revenue. – Barack Obama, Oct 1, 2006
Obama co-sponsored requiring full disclosure about subprime mortgages – Homeownership Preservation and Protection Act Dec 12, 2007
If you are still unclear what Obama believes and is offering to correct some of the failings within the economy of this country that affect the rest of the world . . than read his books.
The world economy isn’t crashing because of Obama . . but he recognized it could happen and has had ideas on how to resolve the issues more than any other candidate for quite some time.
It’s probably a factor depressing U.S. stock prices, but that’s the limit. The uncertainty of the election more than the actual possible candidates may be the larger factor.
The world’s economy is in trouble because of lousy monetary policy by the world’s central banks. This combined with poor lending practices in the U.S.
The ringleaders of this circus were and are Alan Greenspan and Ben Bernake, followed by a rogues gallery including Bush, Clinton, Carter, Franks, Dodd, Raines, numerous bankers here and abroad, millions of people who took out loans they couldn’t hope to repay.
no one is directly responsible. it has been a culmination of events that have lead us to where we are. but neither can say well if i had done this or had not done that the country would be better off. i think the rest of the world would embrace obama as pres. a new young charasmatic leader with veiws that reflect what america should stand for. we want to be respected in the world not feared or tolerated. we need to put forth a good example to the rest of the world. lead by example is what i always say. america has become aggressive and opressive in instilling our values in cultures that do not want wish this. i am voting for obama because things here are crappy and someone who is more in touch will be the better choice for pres.
here is a helpful video