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The Mitt-stakes continue


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:-)

 

 

She definately needs help getting to heaven and I DO NOT think she will get there on her own merit! Well maybe, you think God watches porn? Why take any chances, get it done Mitt! Ann won't mind...

 

Wow... The nasty material is easy pickings... Just joking, all you PC Mitt lovers, don't get your panties in a twist!

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Without a doubt a rising stock market is good for any incumbent president, because there is a wealth effect. However, the amount of people participating in the stock market are nearly at all time lows as volumes have virtually vanished, which suggests that the majority of the money in these markets comes from Professional traders, and that a rising stock market isn't as significant for the electorate as it use to be. But lets not kid ourselves, it is a net positive for the president.

 

Having said that, the stock market is up mainly because of two reasons, one is the federal reserves easy money policies that are helping now, fueled by ultra low interest rates (which I happen to believe at the end of the day it will end up being a net negative) and two, corporations are doing well because a) they cut costs down dramatically and have become more efficient b) most sales growth is/was being driven by overseas growth.

Right, I wasn't making a case for presidents influencing markets, only that markets influence elections. That's why it's hard to have a discussion with so many morons, spend most of your time correcting them.

 

One can argue to what extent, like you did, and I'm not sure how you conclude most of the money is professional traders. Also it can be argued that home values are more important than stocks to voters, and although they've flatlined haven't really recovered all that much.

Edited by Joe_the_6_pack
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