Home > General Topics > Economics > U.S. Economy impact if President fired?

U.S. Economy impact if President fired?

  1. If a Democratic candicate such as Kerry wins the White House, can we say Bush is fired by the voters? I say yes because the constitution allows Bush for another 4 year IF he had done a good job. The tricky part is that when a U.S. president is fired, how will the shape of the U.S. economy be affected?
     
  2. Why do you ask so many questions?
     
  3. Here is the scoop. Kerry is a Democrat and as such is a "republican with conscience". The house and Senate are both GOP controlled and they are worried about Jackson's breast showing during the superbawl.
    So nothing will change the whole US Gov will still be in the claws of the big multi's and the military and industrial complex hence small business men, middle class, working people will suck the hind tit forever. Welcome to Fuckism ala USA!
    Better get that Daytrading system up quickly before I max out all my cards and my wife looses that job.
    Good dreams folks.
     
  4. Grasshopper, don't worry about the semantics. They matter not.

     
  5. Well....at least if the Dems gain power AND you lose your
    job, they will help pay for your slacker ass :D

    If you keep your job...bend over... because here it comes.
    Someone has to support the slackers, and its called
    the middle class.

    Thank you Dems! NOT!

    peace

    axeman
     
  6. and rather myopic notion of tax hikes are always caused by the democrats. Remember Reagan? He loved to raise taxes..He almost nuked the Russians and killed off a large percentage of the US too.
    Having these insane spending for Iraq and other imperialistic grand visions (i.e.nightmares) will cause tax hikes and it won't matter who is in the whitehouse.
    ...and by the way slackers are nothing compared with the gangsters who steal billions ala haliburton enron etc etc.
    I always say the guy who is a small millionaire should be a democrat and not a republican cause the republicans somehow will shake his hands and campaign contributions time and he will be missing his rolex and a few fingers too.

     
  7. Hmmmm..... I seem to remember Trader Vic using Reagan
    as an example in his book of how cutting taxes caused
    a huge boom in the economy. Unfortunately, then Reagan
    spent it all and MORE.


    The Rebs are spend happy.... and the Dems are socialist
    class warfare assholes who will just take everything I earn
    and give it away.

    Its a lose lose situation.


    peace

    axeman



     
  8. Yep, I have just posted a reference to venerable (since this famous economist is dead recently) J.K. Galbraith's book "Money : whence it came, where it went"
    http://www.amazon.com/exec/obidos/t...=sr_1_28/104-5456782-4337553?v=glance&s=books

    where he says:

    "To see economic policy as a problem of choice between rival ideologies is the greatest error of our time."(p368)

     
  9. See also
    "Fair elections? Not for U.S. companies By Michael Collins, CBS.MarketWatch.com"
    http://www.elitetrader.com/vb/showthread.php?threadid=28038

    The Economics of Innocent Fraud
    by John Kenneth Galbraith (Author)
    http://www.amazon.com/exec/obidos/t...=sr_1_18/104-5456782-4337553?v=glance&s=books

    Kenneth Galbraith has been at the center of the American economy since before the First World War. In this his new book, he offers a distillation of these years in both the public and the private sectors, the academy and the government, and explains where we are and how we got there. Galbraith argues that inherent in our economic system is a continuing divergence between reality and "conventional wisdom," or as he puts it self-serving belief and contrived nonsense, or "fraud." He contends that we observe the current state of the nation in a cloud of myth, believing that stockholders and owners run our corporate world. In reality, it is the management of giant corporations that controls not only the private sector, but also the public sector, too, from politicians, to the Federal Reserve Bank, to the Pentagon.
    In a work filled with provocative ideas that come from his years as an astute observer, Galbraith looks at today's economy and America's military actions in Iraq and sees that the gap between myth and reality has never been wider.

    -------------

    Milton Friedman, who is a Republican Economist, is saying the same thing:

    "You know, people have the image, have the idea, that somehow "we the people" are speaking through the government. That is nonsense."

    Here's his interview at federal reserve of Mineapolis

    http://minneapolisfed.org/pubs/region/92-06/int926.cfm

    Friedman: One unsolved economic problem of the day is how to get rid of the Federal Reserve. The most unresolved problem of the day is precisely the problem that concerned the founders of this nation: how to limit the scope and power of government. Tyranny, restrictions on human freedom, come primarily from governmental institutions that we ourselves set up.

    Abraham Lincoln talked about a government of the people, by the people, for the people. Today, we have a government of the people, by the bureaucrats, for the bureaucrats, including in the bureaucrats the elected members of Congress because that has become a bureaucracy too.

    And so undoubtedly the most urgent problem today is how to find some mechanism for restructuring our political system so as to limit the extent to which it can control our individual lives. You know, people have the image, have the idea, that somehow "we the people" are speaking through the government. That is nonsense.
     
  10. Another level-headed liberal. Where do they grow you guys?
     
  11. Yup. We made the USSR spend itself into oblivion. Notice the cold war is gone? Those of us who grew up with that REAL threat are thankful that it is gone.

     
  12. The Russians (mainly the Mafia) are helping the terrorists (despite what you may think and read in the papers) along with N Korea and Ukraine they all sell stuff to the enemies of the USA. Under Communism there were no such threats. The peace dividend that Reagan (I like the guy by the way) promised and intended, was spent by the neo con gangsters following his noble footsteps. If you do
    not see this you live under a rock and believe all the crap the feed you on Fox. I honestly pity you.
     
  13. Thanks for your pitty but I don't need it.

     
  14. I believe the Stock Trader's Almanac may have some sort of statistical reports on the historical tendencies of the markets to react under various political transitions. Indeed, they have a 4-year cycle for publishing almanacs adjusted to which year we are in for the administration.

    As much as I have an opinion about what I'd like for the election outcome, that's not what's most important. I gotta' keep a roof over my family, so I'll do what I have to adapt to changing circumstances whatever they may be.

    If you really have a strong opinion about which way you want the election to go, consider getting involved as a volunteer on the campaign of your choice. It is a great way to get marketing, advertising, & salesmanship experience on someone else's dime. Also, you get massive leverage by amplifying your vote by all the voters you help to switch to your favored candidate.

    Every game has an angle that can be played to your advantage.
     
  15. The history of the federal debt

    http://www.publicdebt.treas.gov/opd/opdhisto4.htm

    over the period of the demise of USSR suggests that the bills for that particular "victory" for the USA are still being paid. I'm not certain my unborn grandchildren will be so "thankful that it is gone"
     
  16. The prudence of allocating the funds necessary to make America safer and to reduce or remove foreign threats can be debated infinitum. I'll end my discussion of this thread with a quote from Albert Einstein;

    "The world is a dangerous place to live, not because of the people who are evil, but because of the people who don't do anything about it." -- A. Einstein

     
  17. I am not sure what to say. Our politicos raved about the reduction in the tax rate for dividends. I have just tried to figure the tax rate on "qualified dividends" and it is ridiculous. It doesn't matter who is in the White House as long as we have millionaires and lawyers in the Congress, the millionaires who want to give away someone else's money and lawyers who want to write laws so that they can go out and make big money interpreting the confounded legislation they have concocted.
     
  18. After the disorderly collapse of the USSR, and the chaos that followed that collapse (i.e. Afghanistan & Bin Laden), you can darn well bet one of the scariest scenarios for US foreign policy would be anything like that happening with China.

    Gradual evolution is much safer than revolution. A power vacuum is far more scary than a foreign power with whom you can deal despite having strong philosophical differences.

    Reagan admonished, "Mr. Gorbachev, tear down this wall!" Can you imagine any US president (Repub. or Dem.) visiting Taiwan and demanding that China stop testing missiles into the Straits of Taiwan? Ain't gonna' happen.
     
  19. Dow 4200 in two years.
     
  20. That is a good argument.

    peace

    axeman


     
  21. Rearranging the letters of 'George Walker Bush' gives:

    "A huge berserk glow"
    "Here walks bug ogre."
    "Erg. Broke huge laws"
    "Geek who grabs rule"
    "Workers lag be huge"
    "Go berserk, we laugh"
    "Slug beer or gawk, eh?"

    As for the Dow 4200....we will get there with a democrat or without.. so why not vote Dem and short the market? You are a trader aren't you?
     
  22. don't necessarily agree.

    but, difference is this: if we hit it with a dem, it's on the way down. if we hit it otherwise, it's a screaming buy.
     
  23. And we can blame it on Bush, just like the repubs blame all current ills on Clinton. :D
     
  24. shall have an immediate decline with "the Shrub" we will prolong the pain by starting more wars and printing money 'til we have trees left. Seriously my model is down either way with a difference in timing, and that is NOT partisan nor unamerican, since I can not do a thing about it I just short the US, dollar, market and long crude, yen etc.
     
  25. It seems to me that it is more important right now for traders to look at the tremendous hight percentage of bull out there right now. It has been proven many times in the past that 90% bulls in the market mark the sign of a correction, at best, and a downward spiral, at worst.
     
  26.  
  27. Yup. We made the USSR spend itself into oblivion. Notice the cold war is gone? Those of us who grew up with that REAL threat are thankful that it is gone.

    Very interesting idea Wally, I've never thought of it before. Is this your invention or an other's?