Markk wrote:canpakes wrote:I love how often my Republican friends and family always say this, about any Democratic Party candidate. Because, we saw how the economy turned into a dumpster fire for 8 years after Obama was elected, and the stock market didn’t rise above 9000. Not until January 20, 2017, apparently.
I didn't say any candidate, I said Sanders or Warren, The stock market is about folks having confidence in corporations and investing in them. Sanders and Warren will declare war on wall street, and investors will put their money else where.
Obama knew this, and kept low confidence levels at bay.
You act as if either Sanders or Warren - if they were to be elected - could simply wave their hands and make these dire policies instantly appear and be enforced. You know that the system doesn’t work that way, and that it’s not going to happen, because Congress and Courts and Stuff and Reality, and inertia, along with lots and lots of cash in the system that carries influence is what maintains a certain level of status quo.
You’re even admitting that the last Democratic President caused no such chaos. Instead, the market soared during that Administration’s tenure - partly because markets tend to rebound anyway, but the takeaway is that the market’s recovery was consistent and relentless. In contrast, there’s ample evidence that the sort of looser control over markets and business in general, as favored by Republican fiscal policy, may have a better chance of fostering the kinds of bubbles that can end up being problematic.
If you believe that people are going to invest in companies if a candidate gets in that is going to make it much harder for them to make a profit, fine, but I certainly believe otherwise.
OK. Let me know what you’ll be moving your 401k dollars into if Warren or Sanders is elected. ; )