Obama Seen as Anti-Business by 77% of U.S. Investors http://www.bloomberg.com/apps/news?pid=20601087&sid=a8UiI1bCRdmY&pos=5
They want a second stimulus this spring, cannot be done with market at current levels and confidence and employment on the rebound. Fed takes away the punch bowl from the markets and the gov will throw it right back in in the form of another stimulus just in time to take hold for elections.
this is no secret to those of us who have been actively trading the markets, liquidity and retial inflow has slowed down to a standstill ever since he came into office. i alrady pointed out this will be very bad for daytraders/scalpers until he leaves office, this could take another 7 years, best to get a job at macd's in the meantime
Most sensible people agree the banks were out of control. The old idea of self regulation by good sense and social awareness is a thing of the past. The 10% of honest bankers have to bear the burden created to control the 90% of greed driven swine. The squeals of Wall St. can be heard clear across the pond !! The problem is their antics have affected the world - not just the Hamptons. Don't feel sorry for them, it will take decades, just for them to spend their past winnings. They will cunningly move the " trough " a bit until the fuss dies down and then it will be banditry as usual. Bonnie and Clyde are alive and well inside the banks
1. Obama is a very pro-business/pro-corporation President. He is losing support among the masses because they want jobs and more money. The Jobs are gone and they are not coming back. There is no money other than what the Fed prints. 2. I have yet to see a credible argument as to why clamping down on Goldman's lying, cheating, and stealing would be bad for retail traders. It might be just the opposite. 3. It is possible the medical bill will get passed via reconciliation because senate rules require only 51 votes to accept the reconciliation bill and make it binding on the rest of the senate. No opportunity for a stalemate if the Democrats decide they want to go that route. That would alienate the Republican's for the remainder of Obama's term and guarantee that nothing more gets done. But how would that be any different from the present situation? Business as usual. 5. We are all doomed by out of control capitalism and "corporations gone wild" in a feeding frenzy at the public trough. (Not to mention politicians inability to control their urge to spend our money without asking.) 6. The U.S. should burn its 200+ year-old obsolete constitution and start over. Since "corporatism" has failed, democracy might be an interesting thing to try next. Unfortunately successful democracies require educated voters to be sustained. So that idea has to be ruled out.