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Published: Friday, Nov. 9 2012 12:00 a.m. MST

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Mountanman
Hayden, ID

Obama supporters think they won a great victory by re-electing Obama but his re-election has actually sealed our fate and killed America's last hope for prosperity. Obama will raise taxes on the "rich" (those people who already pay nearly 80% of all federal income taxes already while 47% get a free ride) and more investors and capitol risk takers will pull back and hunker down in an effort to survive the economic assault. Obama will be amazed to find that there isn't enough money in America to pay for his Obamacare that alone will cost at least $2.4 trillion each year to provide healthcare for millions who think the world owes them free healthcare, free abortions and free birth control. Our national debt will double again,unemployment will skyrocket and double digit inflation will cause the poverty rate to explode and more people than ever will lose their homes and life savings! Our enemies will continue to attack us and Iran will get a nuke and will use it, probably on American soil. Democrats will continue to blame all this on the "rich" not paying their fare share and on GWB!

embarrassed Utahn!
Salt Lake City, UT

Yes, Imagine the real good that Karl Rove could have done?

Kalindra
Salt Lake City, Utah

The stock market is the greatest cause of poverty in the Unites States and, if not done away with entirely, should be much more heavily regulated.

pragmatistferlife
salt lake city, utah

Oh come on Ivan, the stock market started it's decline 30 seconds after the European President announced slow growth in the European market for 2013. It had absolutely nothing to do with the election. Once again, if Republicans don't face reality head on and start developing conservative policies based on reality you're going to be completely marginalized.

Mountainman..you might want to print a copy of your post on this thread for reference in 2016..I certainly will.

one old man
Ogden, UT

Or is the decline in the market a result of severe depression among the 1%?

Bebyebe
UUU, UT

Time to buy!

Roland Kayser
Cottonwood Heights, UT

The stock market has doubled since Obama became president. A 2% drop is nothing in that context.

Mountanman
Hayden, ID

@ Pragmatist. I too am a pragmatist in that I believe theory always follows practice so this will be my last post on this site but I will leave you with this thought as I move on. It won't take until 2016, a year from now is enough. Got your food storage in? Your are going to need it. Don't say you weren't warned!

Counter Intelligence
Salt Lake City, UT

Obama is a national version of Rocky Anderson: By the third year of his second term - even his most ardent supporters will have to come to grips with his true nature - which isn't pretty

Wonder
Provo, UT

Ha Mountanman! Have fun waiting.....and waiting....and waiting...for this disaster you see coming. You remind me of all those religious nuts who predict the end of the world and then have egg on their face when it doesn't happen. Enjoy your time in your bunker.

atl134
Salt Lake City, UT

"Obama will be amazed to find that there isn't enough money in America to pay for his Obamacare that alone will cost at least $2.4 trillion each year to provide healthcare for millions "

You really need to quit lying or being wrong so much.

Emajor
Ogden, UT

This is not a simple cause-and-effect reaction to Obama's re-election, as much as many conservatives would love to think so. Multiple news stories report that worries about the European economy and several other factors were also part of the one-day decline. Did you forget that the DOW Jones recovered to over 13000 during Obama's first term?

Emajor
Ogden, UT

Mountanman,
You and people like you are the primary reason the political conversation is so toxic in this country. You honestly believe that your beliefs are the only valid ones, and that the alternative must be the Apocalypse. That's wrong, it's delusional, and I don't think it is healthy.

I truly hope you and all the other embittered conservatives that are coping so poorly with these election results can find some peace and perspective in the next four years. Honestly, you and the country will get through it. I wasn't sure America would survive 8 years of GW Bush that you cursed us with, but we did. Funny, isn't is? We always think the other side will completely destroy this country, but they never do. If this really is your last post on the Deseret News site, I wish you good luck.

Twin Lights
Louisville, KY

This stuff is all just minor adjustments.

If we don't avoid the "fiscal cliff" we may find that we have much bigger problems on our hands. And please don't bother blaming one side or the other. They are both complicit. If we prove to the markets that we cannot get our house in order, the results will not be pretty (act like Greece, get treated like Greece).

If we manage that successfully, then our next order of business should be figuring out how to be less dependent on China and correcting our trade balance over the long term.

And then we need to figure out how to give ourselves some degree of insulation from Europe. Because if they go down, we don't want to be standing too close.

pragmatistferlife
salt lake city, utah

Sorry to hear that Mountainman..please reconsider. You know those of us who you consider as liberals on this post comment into the headwinds of conservative ideology. Having the wind in your face is not as fun as having it at your back but it's not really all that bad if you really believe that you're headed in the right direction.

one old man
Ogden, UT

Mountainman, I notice you live in the U.S. capitol of Neo-Nazi skinheads.

Will you tell us which group you belong to?

Counter Intelligence
Salt Lake City, UT

It is clear Obama knows nothing about business or the economy - however he knows a lot about class, gender and race warfare - which may have gotten him reelected but it wont fix the economy.

The stock drop is NOT about Europe (which has been in the news for months) - it is about the lack of confidence business has in Obama's redistribution politics.

I am afraid this drop is just the beginning of a long "European" economy typified by high unemployment, government dependence and lack of innovation

Americas per person debt is HIGHER than Greece - no wonder the market is jittery

Fitness Freak
Salt Lake City, UT

Several reasons for the market going down.

Problems in Europe - the "leaders" say they have a plan to solve their (various)countries' financial problems; but the people aren't accepting the solution.

Profit takers. Many stock owners will sell now, then buy later when/if market goes back up. (if it doesn't look to go back up fairly soon they will buy gold/silver)

"Millionaires" - many of them don't really have to reside in this country so they will sell their holdings and move somewhere that they might not be taxed as high.

There is also a growing fear that more and more companies will put as many employees as possible on part-time salary (to avoid Obamacare) which doesn't DIRECTLY affect the stock market except that it will reduce the purchasing power of consumers, which will, in turn, limit sales of products that companies deliver.

How well the market recovers will be DIRECTLY dependent on what happens with the "fiscal cliff" issue that gets talked about so much.

Wonder
Provo, UT

@Counter Intelligence -- If Obama is the cause of every drop in the stock market, then he must also be the cause of every increase, right? Or why one and not the other?

Grover
Salt Lake City, UT

It is truly amazing in the age of the 24/7/365 news cycle that there are still those willing to predict the future at every turn. A six weeks ago we had two professors from the University of Michigan who developed an algorithm that predicted that Mitt Romney would win every battleground State in a landslide victory to become the next President. Too bad nobody remembers their names now so that we could ask what went wrong. Today we have Mountanman of Idaho (but who spells his name like he went to school in Utah) reminding us to lay in supplies because the last days are upon us. Why? Because the majority of voters had the nerve to reject his choice for President.

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