Shocker! Financial Advisers Worried Over A Democrat President

I always like this.

Republicans control the White House and Congress from 2002 to 2006. During that time they break every record for spending, borrowing another $ trillion+ from the Chinese to fund thier uncontrolled spending.

A “Conservative” Republican president never even threatens to veto a single spending bill in that time.

But it’s the Democrats that the financial advisors are worried about!

Cut the crap.

Republicans are as big, or bigger spenders as Democrats ever were, or will be.

The only difference is that, when campaigning, Republicans pretend that they care and pretend they will do something.

In 2008, Republicans will, to a person, be “Shocked, shocked!” to find that the federal government is spending money it is borrowing from the Chinese government to fund pork. Republicans will promise that, when they are elected, ‘all this will stop!”

Of course, should Republicans take back Congress and retain the White House, nothing of the sort will happen, ever.

But every single Conservative will believe it, without exception.

And, if (when) Republicans fail to keep their promises, not one single Conservative will hold one single Republican accountable: They never do on any issue whatsoever, and they never will on spending.

And everyone knows it.

But it’s the Democrats that the financial advisors are worried about!

Well, if you read the thing it’s quite clear that for these guys, the capital gains tax rate is priority one two and three. Which is not surprising, since low capital gains taxes (aside from being nice for investors) lower the cost of realizing gains from stocks and thereby encourage more trading and churn in general, thus increasing opportunities for investment managers to get commissions and fees.
On the budget in general of course you’re right, the Republicans have a black eye for mismanaging it. But they hardly ‘broke all records’ if you look at things in terms of percentage of GDP.

This has to be the strongest economy in history to withstand the last year of fear from the ‘do nothing congress’. Add a do nothing, but slimey, democrat president and I won’t blame industry if they move everything overseas. That’s the only chance they will have to survive. My mail for the past few month has contained my investments, precious metals that I can hold in my hand and sell at a profit when everything else fails. Industry nor the country can withstand another four year round of ‘double books’ book keepers and criminal CEO/CFO’s like those of the 90’s. Another era of Worldcon/Ken Lay sleepovers at the white house should get some Clintons or Obama’s (chicago mafia) hanged for their trouble.

America wonders about the economy but America should wonder about defending the Constitution

Barrack Obama’s book called “Audacity of Hope” in the third chapter titled the Constitution is revealing. Of course it has the standard text book commentaries on the wonders of Democracy, the elements of the Constitution, and it’s founders, are tied up here, too loose and not as positive or siding with an open mind. Many of his characterization of the theme in organized constructive government is depressing, negative and leaves out the high value of sharing our founding fathers had is considered hypocrisy, and likely tied to what even he commits to imply, America is not ready for a black president.

Obama, highlights the genius of the Constitution, and specifically the thirtieth, fourteenth, and fiftieth amendments passed as a Union finally perfected. A very amazing statement that does not support harmony and unity Obama makes claim in his “Audacity of Hope” in the beginning Prologue.

In the third chapter page 97 last paragraph he starts with inspiration and ends with doubt, he says,

“How can I, an American with the blood of Africa coursing through my veins, choose sides in such a dispute? I can’t, I love America too much, am too invested in what this country has become, too committed to its institutions, its beauty, and even its ugliness, to focus entirely on the circumstances of its birth. But neither can I brush aside the magnitude of the injustice done, or erase the ghosts of generations past, or ignore the open wound, the aching spirit, that ails this country still”.

Very well said to cast away the founding circumstance of freedom and liberty from tyranny, casting away the birth of Americas Constitution? An incredible thing to say all while giving love and praise for beauty and ugliness. The biggest uncertainty is the very last statement suggested by Obama. But what are the Ghosts of past generations, or the open wounds, what is that acing spirit that ails the country. And, please, Senator Obama, if you don’t know what they are how do you expect to unite and change the country or the world ?

For in the beginning of Obama’s Prologue He said: “ That’s the topic of this book: how we might begin the process of changing our politics and our civic life. This isn’t to say that I know exactly how to do it. I don’t. Although I discuss in each chapter a number of our most pressing policy challenges, and suggest in broad strokes the path I believe we should follow, my treatment of the issues is often partial and incomplete. I offer no unifying theory of American government, nor do these pages provide a manifesto for action, complete with chats and graphs, timetables, and ten-point plans”.

From the Prologue to the third chapter is a monumental contradiction of ideals and personal thoughts Obama presents. A grand surprise for someone that taught the Constitution at the University of Chicago for ten years. A very sad surprise. Obama admits in the very start He doesn’t know how he would do anything. But clearly in his campaign speeches offers change you can believe in. Very extraordinary. So what are the Ghosts of past generations? What do does Obama mean about not to focus entirely on the circumstances of Americas birth?

Philadelphia Steve- please with you vast knowledge, explain Michigan to us. The State is in a one State depression because of Tax increases, with more in sight. The Automobile Industry cannot survive both taxes and forced Unionization for much longer. You want to see a recession or a depression continue to run this industry down that path.

Re: “Philadelphia Steve- please with you vast knowledge, explain Michigan to us. The State is in a one State depression because of Tax increases, with more in sight. The Automobile Industry cannot survive both taxes and forced Unionization for much longer. You want to see a recession or a depression continue to run this industry down that path.”

Michigan is suffering because incompetent auto industry executives did not keep up with auto requirements, and Michigan’s industries went overseas.

North Carolina experience this to a lesser degreee when its textile industry went overseas in search of cheap labor.

And that has always been the Conservative solutions to everything: Those who work in idnustrial companies have to get by with lower incomes.

China and india are now entering the financial services industries. When tose same “Financial Advisors” who express such glee at reduced middle class incomes start seeing their own jobs go overseas in search of $5/hour labor, we’ll see how “free market” they are.

Re: “This has to be the strongest economy in history to withstand the last year of fear from the ‘do nothing congress’. ”

It might not have been a “do nothing” Congress had Republicans, in lockstep obedience to the White House, not set a fillibuster record by blocking everything that came forward.

But then, Conservatives are not allowed to hold Republicans accountable. They never did when Republicans controlled Congress and violated almost every principle Conservatives ever extolled (other than, of course, near complete obedience of George W. Bush).

Nothing worries financial advisers more than the prospect of a Democrat’s being elected president in November, according to a quarterly poll by Brinker Capital Inc.

Judging from recent discussion on CNBC–and these folks put profits ahead of politics–nothing worries them more at the moment than the possibility that House Republicans are going to block an increase in the debt limit. Opinions concerning the consequences for the markets in particular and the recovery in general range from very bad to disastrous. If you’re a big player with a lot of cash on hand and nerves of steel, maybe you can look at this as another golden buying opportunity. Everybody else had better duck and cover.

The irony, according to one CNBC guest whose name I cannot recall at the moment, is that the whole thing could come back hard on Republicans from two angles:

First and most obvious, Republicans would likely be saddled with the blame. Failure to raise the debt ceiling would look like the proximate cause of an almost immediate economic nose dive. The case would argue for itself.

Second, if the there’s no increased debt ceiling and not enough to pay the bills, the Executive Branch–that is, the White House–is suddenly in charge of determining which bills do get paid and which don’t. President Obama might decide that social programs are of greater importance than all the various programs Republicans like to spend money on. Republicans might find their personal farm subsidies coming up short, for example. Oil industry subsides might take a big hit. Obama might simply go down his opponents’ list of favorites, much as was done in the Ryan budget proposals, except with immediate results, and Republicans themselves would have made that possible.

(An old thread, I just realized. Odd, with 2012 approaching, how current it seemed. Not sure what caused it to surface again. I wasn’t looking through older posts or anything.)