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Varchild2008 (84.36)

United Sinkhole of Obama-care

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March 05, 2009 – Comments (5) | RELATED TICKERS: CHK , MRK , CAT

Welcome to the United Sinkhole of Obama-care.... Cause we all know how much Obama-Cares about everyone's 401k. 

Don't worry.. folks...The economy will be ship shape after a bunch of people who do not create jobs get an extra $13 on their paychecks starting on "APRIL FOOLS DAY." 

While those who create jobs have to SLASH earnings and lay off people to bring their earnings below $250,000  (otherwise suffer the largest Tax Hike in U.S. History).

With Every Sector in America under assault and threat by Obama-Care...including even Health-Care....America's Economy is going to be booming.... As my Co-Worker vehemently mentioned, "IT IS A GOOD IDEA WE ARE BUYING GOLF CARTS!!!"


BEFORE OBAMA-Care (Jan. 20th)                                   AFTER OBAMA-Care
1) GE:  $12.93                                                                $6.66                                                                  
2)  C:  $2.80                                                                   $1.02                                                                   
3) BAC:  $5.10                                                               $3.17

4) DPS:  $15.96                                                             $12.11

5) MI:  $6.00                                                                  $3.11

6) TCB:  $9.65                                                               $9.10

7)  SHLD:  $43.49                                                          $35.47

8)  CHK:  $13.74                                                            $14.46

9)  EGY:  $6.54                                                             $5.29

10) CAT:  $38.32                                                           $23.49 

11) MRK: $27.89                                                           $22.14


HEY!! LOOK!!!   Cheseapeke's share price went up!!!! WOAW!!!!  Hoot Hoot Hoot Hoot...
Woaw -  BAMA.... Woaw -  BAMA....   Woaw --  BAMA!!! 

 

5 Comments – Post Your Own

#1) On March 05, 2009 at 5:37 PM, TMFBent (99.85) wrote:

Even if you could prove a direct relationship between a president's policies and stock market behavior (You can't.) your data sample could probably stand some improvement. Howsaboud we look at indexes?

Here's Bush's entire record.

Bush and Markets

Here's his last 13-14 months.

bush finishes up

Here's Obama's tenure.

obama and markets

Sj -- no big fan of Obama, but let's be real.

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#2) On March 05, 2009 at 5:50 PM, Stephan100 (< 20) wrote:

"While those who create jobs have to SLASH earnings and lay off people to bring their earnings below $250,000  (otherwise suffer the largest Tax Hike in U.S. History)."

Sorry, that's not how taxes work. A tax increase would only affect any dollars above $250,000. So anyone foolishly decreasing their income to bring it below $250,000 would hurt themselves unnecessarily.

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#3) On March 05, 2009 at 5:51 PM, Varchild2008 (84.36) wrote:

Real?  You actually just went and proved my point using Indexes.

President Bush's last 13-14 months was abyssmal for several reasons of which a large part of it was President Bush abadoning Conservative Free Market Capitalism.

President Obama is a Democrat so he doesn't have to abandon free market capitalism when he never believed in it in the first place.

President Bush's record on Tax Cutting (legitamit tax cutting) created a boom economy to DOW 14,000.

But even after a dozen calls by President Bush to demand reforms in the Financial Sector with Mortgaging and With Fannie and Freddie....all stopped by the Democrats.... The disaster occured in spite of the tax rates.  That coupled with the economy's dire need for a fresh supply of liquidity through lowering the Capital Gains Tax and the Corporate Tax Rate (NEVER HAPPENED).

And since neither happened... Since all we got were BAILOUTS and WELFARE CHECKS and more PORKULUS spending....

We are in freefall.  There is a direct correlation here you refuse to see because you think you can just use BUSH as a whipping boy when his policies were in 180 degree opposition to his 1st term policies of conservatism.

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#4) On March 05, 2009 at 5:51 PM, Varchild2008 (84.36) wrote:

Real?  You actually just went and proved my point using Indexes.

President Bush's last 13-14 months was abyssmal for several reasons of which a large part of it was President Bush abadoning Conservative Free Market Capitalism.

President Obama is a Democrat so he doesn't have to abandon free market capitalism when he never believed in it in the first place.

President Bush's record on Tax Cutting (legitamit tax cutting) created a boom economy to DOW 14,000.

But even after a dozen calls by President Bush to demand reforms in the Financial Sector with Mortgaging and With Fannie and Freddie....all stopped by the Democrats.... The disaster occured in spite of the tax rates.  That coupled with the economy's dire need for a fresh supply of liquidity through lowering the Capital Gains Tax and the Corporate Tax Rate (NEVER HAPPENED).

And since neither happened... Since all we got were BAILOUTS and WELFARE CHECKS and more PORKULUS spending....

We are in freefall.  There is a direct correlation here you refuse to see because you think you can just use BUSH as a whipping boy when his policies were in 180 degree opposition to his 1st term policies of conservatism.

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#5) On March 05, 2009 at 5:56 PM, Varchild2008 (84.36) wrote:

"While those who create jobs have to SLASH earnings and lay off people to bring their earnings below $250,000  (otherwise suffer the largest Tax Hike in U.S. History)."

Sorry, that's not how taxes work. A tax increase would only affect any dollars above $250,000. So anyone foolishly decreasing their income to bring it below $250,000 would hurt themselves unnecessarily."

Actually that is how taxes work. Whatever INCOME your business gets throughout the year is used to determine your tax. 

So if you are in the  $250,000+ quadrant of the progressive tax system... You suffer a 48% monstrosity of Tax Rate (Tax Hike).

However... If you do what you need to do to ensure your income never goes to $250,000 then you avoid that tax rate.

That is exactly what businesses are already doing this year.  They are setting themselves up to try and withstand President Obama's tax hikes.

And you have to also realize Obama is trying to introduce Tax Hikes on top of Tax Hikes through his Environmental policy of CAP and TRADE and several other areas.

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