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Discussion in 'Politics, Elections & Legislation' started by BT-100dc, Nov 7, 2012.

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  1. BT-100dc

    BT-100dc Active Member

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    First day of the new normal; stock market lost 313 points. I have to apologize to all of the red states as I live in Ohio and we dropped the ball. We were hoping for new jobs in the drilling industry (fracking) but we screwed ourselves as the EPA and the environmentalists will control what happens here in Ohio. There are consequences of our poor judgment and who do we blame but ourselves. BT100dc
     
  2. gdbabin

    gdbabin TS Member

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    Last 4 years DJIA up over 70%......
     
  3. BT-100dc

    BT-100dc Active Member

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    We'll see as his anti-business agenda unfolds. As the FED pumps money into the economy it always has some effect on the stock market. We are now entering into the next era of massive spending which basically equates to taxation and it will effect everyones' 401(k). Entitlement spending and Obamacare will lead us to economic disaster. Look at California & Illinois. We now have no hope correcting this economic cancer. Voting has consequences. BT100dc
     
  4. timberfaller

    timberfaller Well-Known Member

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    "Last 4 years DJIA up over 70%......"

    So.

    Inflation has eaten it up and OboCare will finish it off.
     
  5. Rick Barker

    Rick Barker Well-Known Member

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    Don't forget the Keystone pipeline hopes are gone for good now.

    That oil will go straight to China instead of being consumed in the North American hemisphere.

    But hey they will need to provide fuel and plastics for products to sell here.
     
  6. BT-100dc

    BT-100dc Active Member

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    Add another 120 point drop today. The market had some optimism factored in as it was a realistic chance that Obama would be voted out. There was value built into the market with that in mind. Now is the sell off as the capital gains issue may not be resolved and it may be better to take the hit for 2012 versus the unknown of 2013. Volatility of the stock market will be a definite issue to deal with as Obamacare will not be able to be stopped. Also, fears of recession, and when it comes it will be longer and worse than we've experienced and mark my word IT WILL COME. You know if you think about it, Obama really will be inheriting a mess when he's sworn in this coming January. BT100dc
     
  7. Rick Barker

    Rick Barker Well-Known Member

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    Brought to you by the people too good to vote for Romney.
     
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