The Rebel Faction

Beff Pike:

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You're right Kach. I have no idea what I'm talking about, clearly you do. I mean, if I were about to be President that's exactly what I'd do to, without the power to actually do anything - is set myself up for a fall.
The economic recession, and let's stop using the elusive "r-word" phrase instead of calling a spade a spade, is the result of a myriad, nay plethora of attributable variables. Ethics, for instance, or the lack there-of, as cited by Pope Bennedict some almost thirty years ago.

It's feeble to try and slump the blame for being globally unaccountable (this includes more nations then simply the US) on the shoulders of one man who, aside from running a winning Presidental campaign, has not actually done anything.

But you go right ahead and swallow whatever your PHD packing prof's tell you.



Oh, and the "rich" you're talking about, has more to do with what's going on 'at home' then Barak Obama. I honestly hope TRF is still around in two to three years and that you're still a member then so that I can quote this piece of wisdom back to you - see how yummy those words taste then.

Omnae:

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So you and your Ph.D. professors feel that there is no more mortgage crisis? You realize that just because they voted to give 700 billion out, they have not actually given 700 billion out already, yes? But, if they have already cleared up the mortgage crisis with the few billion that has been given out, then perhaps we can use the rest of that 700 billion for something else eh?

Saying there is not more mortgage crisis is wrong and I apologize. What I meant was that it has been priced in by the market, and the mortgage bailout has pretty much resolved the issue for Wall Street. It's not the cause of economic fluctuations we're experiencing now. The cause of them is partially the auto bailout, but primarily Obama's looming reign.

I am sorry but the super rich investors are not scared of the president of the US. Investors have already pulled their companies out of the US because it's cheaper to make their products in third-world countries with less restrictions thus bumping their bottom line and thus their overblown incomes.

The super rich are very scared. He's going to cost them money, so they're pulling out now while they're ahead. And even if they've outsourced their jobs, their stocks are still listed on US stock exchanges. If it's listed on the New York Stock Exchange, it doesn't matter whether a business is located in Chicago or China, it will still affect the US market. If the super rich were staying in the market, the markets wouldn't' be falling. Ma and Pa with their 401ks aren't leaving--investment advisor's are telling them to sit tight--the super rich are.

Investors don't give a shit about a president's rhetoric. They've already raped the public and now the public's growing inability to purchase their items made for pennies on the dollar and the weakening US dollar is showing them that investing in the good ol US greenback is just a stupid business decision.

Saying something is so doesn't make it true. Try evidence, rather than phony scenarios. Investors clearly give a shit. Markets traditionally move after major speeches, as well as after major economic legislation. In addition, they move in anticipation of the pass or fail of economic bills in congress. Barack has announced major legislation and policy changes affecting the economy, and so the economy's moving. The markets moving in reaction is nothing new or special.

Investors don't give a crap about people or their companies inasmuch as it affects their chief love: increasing their profit.

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So they're pulling out while they're ahead.

So of course the smart money is leaving. You can always count on the rich to take care of themselves while the world burns around them. That's what Golden Parachutes are for, didn't ya know?

Because the rich are pulling out the market's falling. You expend so much effort going against my view before describing exactly what is happening and why the market is falling. The smart money's gone, the markets fall.

They can't increase their profits where unemployment is rising. And the US auto industry is going down the toilet is no help. Wall Street is shaky in part (imo) because the automaker CEO's could not convince the government to bail them out like it did with Fanny and Freddie. Apparently the government's stance is that Americans need houses but can buy Hondas. So, when the Automaker's either declare bankruptcy or fold or sell off unprofitable branches and watch those fold, there's going to be alot of people out of jobs and with nobody buying, you better believe the investors are going to go somewhere else.

But do not think it's because of the perceived threat of corporate taxation by a person who is not yet President.

First thing: Why should taxpayers invest money in a failed business model? We shouldn't invest a dime in auto companies unless they restructure.

Secondly, the auto industry problems are minor. They have been trying to believe that America will fall apart if they collapse, but in fact they'll simply file chapter 11, restructure into a new profitable business model, and the American way will go on. There will not be huge layoffs on the scale they imply. Millions will not be unemployed. They are just trying to scale you into believing this. The smart money knows this. They're reacting to something else. Perhaps it's the fact that business is in a load of trouble next year? With higher taxes, more expensive employees (due to the coming mass unionization), more expensive health care, and more material costs (due to other businesses raising prices) businesses next year are going to be off very badly, and the markets will go down further. The smart money's getting out now.