2007-07-12 09:49:57 · 24 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
no its not a party issue except when a Republican is in office the media has to point out poverty but if there was a democrat in the office it would be front page news glorifying them
2007-07-12 09:54:08 · update #1
haha you know i was just pointing it out go to cnn.com moveon.org.... sorry i brought it up
2007-07-12 10:02:38 · update #2
Because it's good news.
2007-07-12 09:52:04 · answer #1 · answered by Matt 5 · 3⤊ 5⤋
Okay, three words. Private Equity Firms. Two more words: Venture Capitalists. These people are individuals who are buying up stocks in a private way and then manipulating the market so they can make more money. They are not usually subject to the SEC rules or have limited subjection to SEC rules.
Asset Backed Securities.
Leveraged Buyouts.
Look up these terms and these corporations. Find out who owns them, who the financeers are, whether or not they are governed by the rules of insider trading and/or the laws of the USA. Can the U.S. laws be enforced against them.
You won't like what you find out. I didn't --don't and I'm in the process of writing a book. The rammifications of all of this are astounding and will turn the USA into a country of organized crime leaders with the rest of us as their peons. Shades of Al Capone and the Mafia bosses -- only today it's the drug cartels and the human traffickers. I doubt anyone would believe the facts so I'll probably write the book as a thriller or adventure.
2007-07-12 16:58:59 · answer #2 · answered by Mindbender 4 · 2⤊ 0⤋
Funny how the stock market has little or nothing to do with the overall economy. Give the rich massive tax cuts and force the working class and poor out of social services and onto stock based retirement packages and, wow, the Dow goes up. As I recall the stock market was doing really well before the crash of '29.
2007-07-12 17:00:27 · answer #3 · answered by socrates 6 · 2⤊ 1⤋
Because the performance of the stock market is, for the most part, unrelated to who's in office. It's cyclical and subject to a variety of factors that are completely out of the control of politicians.
Conservatives are always ready to take credit for the upswings but are strangely silent during the downtrends (and if you look back through the years of this administration, you'll see a few steep declines).
2007-07-12 16:54:59 · answer #4 · answered by John W 3 · 4⤊ 1⤋
Even though we ALL have IRAs and 401Ks invested in the stock market, those on the LEFT wand their SOCIALIST SECURITY paid for by the wealthy (event though the tax has a maximum cap and the wealthy collect from Social Security ACCORDING TO HOW MUCH THEY PUT INTO IT).
They are too stupid to realize they are the ones who will receive benefit from the gains.
THEY want free enterprise to FAIL and the government to take over and create their MARXIST Utopia.
2007-07-12 17:03:36 · answer #5 · answered by Philip H 7 · 1⤊ 1⤋
Leftys choose to not become members of the investor class. The faulty belief is that all profits are made at the expense of others and are therefore evil. They choose instead to let others take the risk and they mandate that they take the reward. Privatize losses, socialize profits.
2007-07-12 17:10:50 · answer #6 · answered by RP McMurphy 4 · 2⤊ 0⤋
You should give links when you mention websites. That way it might be more than a silly neo-con bait question.
I'm sure the brave soldiers fighting Bush's wars are happy their 401k is doing well. War, after all, is good for the economy. The market will probably go gangbusters when we attack Iran.
2007-07-12 17:36:59 · answer #7 · answered by wooper 5 · 0⤊ 1⤋
Liberals are usually more concerned with the working middle-class people. The stock market may be high, but the working-middle class have little if anything to do with the stock market, little lone have any money invested. They dont have the financial freedom to put their money into investments.
Yea, it's great that the rich are getting richer, but it doesnt help the majority of the people in this country much.
2007-07-12 16:53:16 · answer #8 · answered by scikerz 3 · 4⤊ 4⤋
Well ryan, that is not an indication of economic health, it's not worth mentioning. What sites are you reading, I'm interested in having a look myself. Give me websites for left and right chief, thanks.
2007-07-12 16:53:50 · answer #9 · answered by michael s 2 · 3⤊ 0⤋
That is funny. You'd think they could come up with a headline like "Big Bussiness Raping America" or "Super-Rich Reap Huge Stock Proffits at Expense of American Workers!"
2007-07-12 16:52:45 · answer #10 · answered by B.Kevorkian 7 · 3⤊ 4⤋
hey ryan. apparently your question wasn't clear enough! you present a truth to a lib and they start twitching . and scikerz, liberals are out to destroy the middle class and the middle class supports the stock market, you really can't be that dense!
2007-07-12 17:00:20 · answer #11 · answered by andy c 4 · 1⤊ 2⤋