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Thread: Dow tops 30,000 for the first time ever as Biden transition begins, stocks soar

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    Quote Originally Posted by Darth Omar View Post
    All those times the market was up under Trump was because the market liked Trump lol?
    no, his policies did help big corporations and the rich people so heavily invested in the stock market. i admit that. huge income tax cuts, huge corporate tax cuts, huge cuts in regulations that hurt workers and consumers and the environment, but helped the rich get even more profits at their expense. but, still, even at that, even before trump let the pandemic fuck the economy and kill 250,000 Americans, the stock market had only gained about 50% under trump, from around 20,000 when he took office, to about 30,000 when the economy tanked due to the virus. under obama, the dow exploded from about 8,000 to about 20,000, or a gain of 2.5 times. and the deficit spending went down under obama, increased like a mofo when trump gave a couple of trillion to the rich and big corporations....

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    Quote Originally Posted by Hoosier Daddy View Post
    no, his policies did help big corporations and the rich people so heavily invested in the stock market. i admit that. huge income tax cuts, huge corporate tax cuts, huge cuts in regulations that hurt workers and consumers and the environment, but helped the rich get even more profits at their expense. but, still, even at that, even before trump let the pandemic fuck the economy and kill 250,000 Americans, the stock market had only gained about 50% under trump, from around 20,000 when he took office, to about 30,000 when the economy tanked due to the virus. under obama, the dow exploded from about 8,000 to about 20,000, or a gain of 2.5 times. and the deficit spending went down under obama, increased like a mofo when trump gave a couple of trillion to the rich and big corporations....
    The market is going to drop sooner or later. Will it be Biden’s fault when it does lol?

    Trump didn’t ‘let the economy tank’. That was the governor’s doing and it was done under the guidance of Fauci and his buddies. If Biden follows the ‘approved scientists’ and urges governors to lockdown—he will then own the economic consequences.

    We won’t allow you to change the rules in the middle of the game. Though I’m sure the Lap Dog media will. And then you can kiss the good market numbers goodbye.
    Coup has started. First of many steps. Impeachment will follow ultimately~WB attorney Mark Zaid, January 2017

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    Quote Originally Posted by Hoosier Daddy View Post
    no, his policies did help big corporations and the rich people so heavily invested in the stock market. i admit that. huge income tax cuts, huge corporate tax cuts, huge cuts in regulations that hurt workers and consumers
    the evil corporation yuge profits - fit only to tax <-Left's view of economic activity
    economic activity /wealth all breed mo money for everyone

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    Quote Originally Posted by anatta View Post
    the evil corporation yuge profits - fit only to tax <-Left's view of economic activity
    economic activity /wealth all breed mo money for everyone
    try to think- why do the rich need any help? or big corporations? they are doing better than ever!! and the GOP still focuses on helping them get more? does not make any sense at all.

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    Quote Originally Posted by Hoosier Daddy View Post
    like all normal americans, the rich folks and big investors who control the stock market are just happy and relieved a clueless incompetent mentally impaired conman like trump is not in charge, and not anywhere near the red button, even if they might have to pay a little higher taxes under biden.
    They want stability. We got anything but with #LOSER45. Investors are also very happy with Janet Yellen's appointment to Treasury. Plus the vaccine news. Plus the transition news.
    "Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain

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    Quote Originally Posted by Hoosier Daddy View Post
    try to think- why do the rich need any help? or big corporations? they are doing better than ever!! and the GOP still focuses on helping them get more? does not make any sense at all.
    We have to admit though that the (R)s and their propaganda machines Fox, Limbaugh, Beck, Breitbart, etc. have done an outstanding job of convincing their marks that "trickle down economics" is a really, really great idea. None of the defenders of that failed economic ploy here will ever benefit from it. Just like none of them (or us) benefited from anything the Toadstool administration did.
    "Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain

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    Quote Originally Posted by ThatOwlWoman View Post
    We have to admit though that the (R)s and their propaganda machines Fox, Limbaugh, Beck, Breitbart, etc. have done an outstanding job of convincing their marks that "trickle down economics" is a really, really great idea. None of the defenders of that failed economic ploy here will ever benefit from it. Just like none of them (or us) benefited from anything the Toadstool administration did.
    for some reason, i can't get pictures i post to be big enough, but click on this pic, it explains the whole goofy ass reaganomic "trickle down" theory perfectly-

    reaganomics.jpg

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    Quote Originally Posted by Darth Omar View Post
    The market is going to drop sooner or later. Will it be Biden’s fault when it does lol?

    Trump didn’t ‘let the economy tank’. That was the governor’s doing and it was done under the guidance of Fauci and his buddies. If Biden follows the ‘approved scientists’ and urges governors to lockdown—he will then own the economic consequences.

    We won’t allow you to change the rules in the middle of the game. Though I’m sure the Lap Dog media will. And then you can kiss the good market numbers goodbye.
    do you remember when trump decided to go ahead and hold his campaign pep rally in Tulsa, after the pandemic had hit, after Oklahoma was hit hard? and he was expecting 20,000 to show up, had an extra stage built to pander to the "overflow" crowd he expected, and then only 6,000 showed up? whether or not the state or the feds mandate mask use and close down crowded places that are not essential, NOT ENOUGH PEOPLE WILL RISK THEIR LIVES TO SHOW UP IF THEY THINK THEY MIGHT GET SICK OR MAYBE EVEN DIE...duh. the only way to really open up our economy IS TO DEFEAT THE FUCKING VIRUS...get it down to very low infection levels, like about 3%, not 20%, and keep wearing masks and socially distance when possible. and wait for the vaccine and/or a therapeutic cure to do the rest. why freak out about an extra month or so? the virus runs its course in two weeks....if nobody gets a new infection, it pretty much dies out on his own in just two weeks!!

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    Quote Originally Posted by Hoosier Daddy View Post
    for some reason, i can't get pictures i post to be big enough, but click on this pic, it explains the whole goofy ass reaganomic "trickle down" theory perfectly-

    reaganomics.jpg
    Exactly! lol

    If I use the JPP software to post a pic it always comes out tiny like that. If you post from an image-sharing site like Imgur, they come up a more normal size.
    "Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain

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    Quote Originally Posted by Hoosier Daddy View Post
    do you remember when trump decided to go ahead and hold his campaign pep rally in Tulsa, after the pandemic had hit, after Oklahoma was hit hard? and he was expecting 20,000 to show up, had an extra stage built to pander to the "overflow" crowd he expected, and then only 6,000 showed up? whether or not the state or the feds mandate mask use and close down crowded places that are not essential, NOT ENOUGH PEOPLE WILL RISK THEIR LIVES TO SHOW UP IF THEY THINK THEY MIGHT GET SICK OR MAYBE EVEN DIE...duh. the only way to really open up our economy IS TO DEFEAT THE FUCKING VIRUS...get it down to very low infection levels, like about 3%, not 20%, and keep wearing masks and socially distance when possible. and wait for the vaccine and/or a therapeutic cure to do the rest. why freak out about an extra month or so? the virus runs its course in two weeks....if nobody gets a new infection, it pretty much dies out on his own in just two weeks!!
    You are right. Sacrifice a bit now to make the future better for all of us. Thanks for trying to reason with one of them even if it's futile. This is why.

    "Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain

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    Quote Originally Posted by Hoosier Daddy View Post
    do you remember when trump decided to go ahead and hold his campaign pep rally in Tulsa, after the pandemic had hit, after Oklahoma was hit hard? and he was expecting 20,000 to show up, had an extra stage built to pander to the "overflow" crowd he expected, and then only 6,000 showed up? whether or not the state or the feds mandate mask use and close down crowded places that are not essential, NOT ENOUGH PEOPLE WILL RISK THEIR LIVES TO SHOW UP IF THEY THINK THEY MIGHT GET SICK OR MAYBE EVEN DIE...duh. the only way to really open up our economy IS TO DEFEAT THE FUCKING VIRUS...get it down to very low infection levels, like about 3%, not 20%, and keep wearing masks and socially distance when possible. and wait for the vaccine and/or a therapeutic cure to do the rest. why freak out about an extra month or so? the virus runs its course in two weeks....if nobody gets a new infection, it pretty much dies out on his own in just two weeks!!
    Hopefully, we won’t get to test your theory.

    Lockdowns shouldn’t be necessary if the vaccines are all that. Then Biden gets credit for the win and Trump gets all the blame.

    Should work out, perfectly.
    Coup has started. First of many steps. Impeachment will follow ultimately~WB attorney Mark Zaid, January 2017

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    What Percentage of Americans Invest in the Stock Market ...blog.stamfordadvocate.com › lifestyle › 2020/10/08
    Oct 8, 2020 — What Percentage of Americans Invest in the Stock Market? Gallup found that 55% of Americans currently own a stock. The Federal Reserve ...

    Lots of middle income earners are invested in the stock market, not just the wealthy.

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    Quote Originally Posted by Darth Omar View Post
    Hopefully, we won’t get to test your theory.

    Lockdowns shouldn’t be necessary if the vaccines are all that. Then Biden gets credit for the win and Trump gets all the blame.

    Should work out, perfectly.
    i don't really care about the blaming part. i just want it back to normal, as quickly as possible. i miss going to football games, to baseball games, to bars, being around a lot of people having fun. whatever it takes.

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    Quote Originally Posted by Earl View Post
    What Percentage of Americans Invest in the Stock Market ...blog.stamfordadvocate.com › lifestyle › 2020/10/08
    Oct 8, 2020 — What Percentage of Americans Invest in the Stock Market? Gallup found that 55% of Americans currently own a stock. The Federal Reserve ...

    Lots of middle income earners are invested in the stock market, not just the wealthy.
    takes money to make money. let us say you invest a grand. the stock goes up 10% in one year!! wow, you must made a hundred bucks!! big deal!! but let us say you invest 500 grand...you just made 50 grand...that's sizable.

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    Yes, 10% of a small number is smaller than 10% of a larger number.

    Profound!

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