Investors: Obama better for the US economy

[soulflower]

"Betting on Re-Election

Investors in every region are betting on an Obama re- election. Seventy-four percent say he will either certainly or probably win another term, about the same as in January.

Investors in Obama’s America have been rewarded. The U.S. stock market’s benchmark Standard & Poor’s 500 (SPX) Index climbed about 8 percent this year and is up 60 percent since Obama took office.

Respondents are now more willing to credit Obama for improvements in the U.S. economy. Forty-seven percent say he deserves credit, the same portion as says he doesn’t. In January, 43 percent attributed improvement to him against 49 percent who didn’t."



http://www.bloomberg.com/news/2012-0...y-in-poll.html

[Cetshwayo]

Five thousand billion dollars borrowed from our kids futures pumped into the market would elevate it temporarily.

[slapshot]

"Betting on Re-Election

Investors in every region are betting on an Obama re- election. Seventy-four percent say he will either certainly or probably win another term, about the same as in January.

Investors in Obama’s America have been rewarded. The U.S. stock market’s benchmark Standard & Poor’s 500 (SPX) Index climbed about 8 percent this year and is up 60 percent since Obama took office.

Respondents are now more willing to credit Obama for improvements in the U.S. economy. Forty-seven percent say he deserves credit, the same portion as says he doesn’t. In January, 43 percent attributed improvement to him against 49 percent who didn’t."



http://www.bloomberg.com/news/2012-0...y-in-poll.html

OK, now here's a thread that should be discussed.

This poll of investors does seem contrary to what I would have thought? In as much as Mitt has business experience, one would think that investors would have more confidence in his leadership abilities in this area.

[soulflower]

OK, now here's a thread that should be discussed.

This poll of investors does seem contrary to what I would have thought? In as much as Mitt has business experience, one would think that investors would have more confidence in his leadership abilities in this area.

This poll includes investors outside the US. I think the link says that millionaires in the US prefer Romney.
Obviously, the US appears to be a safer long-term bet for investing capital than China and Europe so that probably helps.

In terms of economic growth and Wall St profits, Democrats are usually better for the investment class.

[michiganjoe]

Investors tend to be pretty sophisticated and they understand that Willard's desire to return to the failed and discredited GOP economic policies would be bad for the US economy. He's offering up austerity and you only need to look at Europe to see what it would bring here.

[slapshot]

...and where's the counter from the GOP group?

Quick to counter, or start threads about menaingless social trivia...yet, on issues that actually matter, all I hear are crickets....

Very telling.

[veritas]

Investors tend to be pretty sophisticated and they understand that Willard's desire to return to the failed and discredited GOP economic policies would be bad for the US economy. He's offering up austerity and you only need to look at Europe to see what it would bring here.

Austerity is what European governments are proposing now. It's decades of socialist borrow and spend that have gotten them where they are. Austerity is simply the prescribed medicine. As for Obama, I'd be interested in hearing how he has made the markets go up. The markets were going gung ho under Coolidge and Hoover for awhile, too.

[soulflower]

Austerity is what European governments are proposing now. It's decades of socialist borrow and spend that have gotten them where they are. Austerity is simply the prescribed medicine. As for Obama, I'd be interested in hearing how he has made the markets go up. The markets were going gung ho under Coolidge and Hoover for awhile, too.

What about Ireland and the UK? Conservatives were praising them for jumping head first into austerity two years ago

In the US, the recovery has been slow because governors have been doing austerity at the state level. One could argue that this is proof that the 2009 Stimulus wasn't big enough...

[veritas]

What about Ireland and the UK? Conservatives were praising them for jumping head first into austerity two years ago

In the US, the recovery has been slow because governors have been doing austerity at the state level. One could argue that this is proof that the 2009 Stimulus wasn't big enough...

Yea, except Greece and Spain are the ones teetering on the brink of insolvency. As for the stimulus, it may have needed to be bigger but I find it interesting that many of the same people who applaud the stimulus also derided TARP when Bush was in office. If the big banks had all sunk, we'd be in a depression for decades.

[zenwalk]

At the risk of being obvious, when it comes to financial management both parties leave that to the oligarchy. You will not find a dimes worth of difference between them because there isn't any. JPMorgan's losses prove nothing matters until the too-big-to-fail belief system is shattered.

[veritas]

At the risk of being obvious, when it comes to financial management both parties leave that to the oligarchy. You will not find a dimes worth of difference between them because there isn't any. JPMorgan's losses prove nothing matters until the too-big-to-fail belief system is shattered.

I pretty much agree, although JP's losses are rather insignificant for a $145B company. The problem is that lots of supposedly adept people are trading derivatives and many of them don't even know what they are.

[Cetshwayo]

Investors tend to be pretty sophisticated and they understand that Willard's desire to return to the failed and discredited GOP economic policies would be bad for the US economy. He's offering up austerity and you only need to look at Europe to see what it would bring here.

Just like one can drink themselves sober a country can deficit borrow and spend to prosperity! Four more years! Tax and spend, four more years!

[soulflower]

Yea, except Greece and Spain are the ones teetering on the brink of insolvency. As for the stimulus, it may have needed to be bigger but I find it interesting that many of the same people who applaud the stimulus also derided TARP when Bush was in office. If the big banks had all sunk, we'd be in a depression for decades.

I didn't oppose TARP or the auto bailouts, however, I think we should have bailed out American consumers, not the big banks. The economy may have recovered faster if the government used the TARP money to buy up all the bad loans and get people out of debt sooner. Deleveraging is happening, consumers are getting out of debt, but its not happening fast enough.

[zenwalk]

Deleveraging is happening, consumers are getting out of debt, but its not happening fast enough.

Doesn't matter what Americans do. They did everything they were told to do last time and we got a crash. It's the too-big-to-fail parasites like JP Morgan that prove with their losses that nothing has changed. Dodd-Frank is a chit sandwich and even that is falling apart.

[ivanbalt]

I didn't oppose TARP or the auto bailouts, however, I think we should have bailed out American consumers, not the big banks. The economy may have recovered faster if the government used the TARP money to buy up all the bad loans and get people out of debt sooner. Deleveraging is happening, consumers are getting out of debt, but its not happening fast enough.

Nice thought, but the banks would NEVER let that happen. And if it did, they would have made sure there were serious repercussions.

[Cetshwayo]

If Obama wants to win he should put a dozen scumbag thieving wall st bankers on trial and send them to jail for 100 years. He'd get my vote.

[gonzoliberal]

If Obama wants to win he should put a dozen scumbag thieving wall st bankers on trial and send them to jail for 100 years. He'd get my vote.

This might be the most sensible thing you've ever said on this forum.