Users Online Now: 731 (Who's On?)		Visitors Today: 98,905
Pageviews Today: 348,955	Threads Today: 562	Posts Today: 9,055
07:56 PM

News

Back to Forum

Post New Thread

View Favorites

Sarah Palin Pick Blamed For Clobbering Stock Market

RSS

Anonymous Coward
User ID: 342843
9/4/2008 4:20 PM
Report abusive post

Sarah Palin Pick Blamed For Clobbering Stock Market

Quote

[link to www.clusterstock.com]

Sarah Palin Pick Blamed For Clobbering Stock Market
Corey Lorinsky | Sep 4, 08

Sen. John McCain's newly announced running mate, Sarah Palin, has already taken her fair share of criticism. And now John Tammy, senior economist with H.C. Wainwright Economics, is even blaming her for last Friday's plunge in the stock market:

Alongside last Friday’s announcement that Alaska Governor Sarah Palin would be John McCain’s running mate, the Dow Jones Industrial Average fell 170 points. Stocks have shown weakness ever since.

While there are many factors that move markets, a looming electoral contest between a tax-hiking Democrat versus a nominally pro-growth Republican surely weighs heavily on market psyche. It says here that the markets concluded last week that whatever John McCain’s true economic views, on Friday he handed the election to the anti-growth candidate with his selection of Palin.

Stocks were presumably booing a running-mate choice that will greatly aid Barack Obama’s election in November. Running against a candidate suddenly much less credible thanks to the Palin selection, Obama will now have much less reason to temper the liberal rhetoric that’s put him within striking distance of the White House.

Tammy also goes on to say that McCain's tax-cutting, pro-growth credentials are now severely damaged. If he's willing to nominate Sarah Palin (a person with a thin political resume whom he hardly knows) for political expediency, are all his economic positions similarly flimsy? Remember, he vehemently opposed the Bush tax cuts just 8 years ago and only recently changed his position.

Palin demonstrated in her convention speech last night that she can hold her own, and the dismay at her selection actually says more about McCain than it does about Palin (picking a possible president of the United States after a meeting and a phone call is not suggestive of cautious, careful decision-making). More importantly, the stock market has historically done better under Democratic presidents, so if McCain really has handed the election to Obama, we all have something to look forward to.

Anonymous Coward
User ID: 496051
9/4/2008 4:30 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote
Because of her the DOW has fell 344 points TODAY !!!

Anonymous Coward
User ID: 433183
9/4/2008 4:32 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote
Because of her the DOW has fell 344 points TODAY !!! Quoting: Anonymous Coward 496051 nope its the PPT who is playing here

Anonymous Coward
User ID: 497117
9/4/2008 4:37 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote

Anonymous Coward
User ID: 497227
9/4/2008 4:41 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote
Quoting: Anonymous Coward 497117 I bet if the market went UP a 100 points today, you'd be telling us it was because Wall Street likes her so much.

Brassia Rex
User ID: 373696
9/4/2008 4:44 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote
Because of her the DOW has fell 344 points TODAY !!! Quoting: Anonymous Coward 496051 Yeah, it's all her fault. I want my money back! "I got the blues so bad one time, it put my face in a permanent frown, you know, I'm feeling so much better I could cakewalk into town..." Taj Mahal

Anonymous Coward
User ID: 496051
9/4/2008 5:04 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote

Anonymous Coward
User ID: 497253
9/4/2008 5:06 PM

Re: Sarah Palin Pick Blamed For Clobbering Stock Market	Quote
why not the dailykos has blamed her for the civil war.

Back to Forum

Post New Thread

View Favorites

Vote For Godlike Productions!

Disclaimer:
This website exists for entertainment purposes only. The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for our small staff to manually review each and every one of the more than 5000 posts GodlikeProductions gets on a daily basis. The content of posts
on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of GodlikeProductions. This site may contain adult content and if you feel you might be offended by such content, you should log off immediately.

Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. Users are encouraged to USE DISCERNMENT and do their own follow up research while reading and posting on this website. Godlikeproductions.com reserves the right to make changes to, corrections and/or remove entirely at any time posts made on this website without notice. In addition, Godlikeproductions.com disclaims any and all liability for damages incurred directly or indirectly as a result of a post on this website.

This site is provided "as is" without warranty of any kind, either expressed or implied. You should not assume that this site is error-free or that it will be suitable for the particular purpose which you have in mind when using it. In no event shall Godlikeproductions.com be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.

Some events depicted in certain posting and threads on this website may be fictitious and any similarity to any person living or dead is merely coincidental. Some other articles may be based on actual events but which in certain cases incidents, characters and timelines have been changed for dramatic purposes. Certain characters may be composites, or entirely fictitious.

We do not discriminate against the mentally ill!

Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to civil rights, economics, individual rights, international affairs, liberty, science & technology, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
For more information please visit:
http://www.law.cornell.edu/uscode/17/107.shtml

This Disclaimer is subject to change at anytime.

Mail Webmaster with questions or comments about this site.

Page generated in 0.106s (6 queries)