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Biden a Kick-Down Trump a Great Depression

Exquisitor

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Biden a Kick-Down Trump a Great Depression:

If Biden wins the House and Senate.

Otherwise, the tax cut doesn't expire until 2025.

Republicans owned the oval office for 1929.

Reagan started this deficit spending.

GWB proved it.

So, go ahead America, make my day, make Putin's, make the World's.
 

bongsaway

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Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?
 

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We need a kick-down, because of what the Republicans did to us to ruin Obama and take power.

*They took a surplus and booming economy, cut taxes and said, "We're going to borrow it." Handed over an economic crisis and then said, "No more borrowing, no raising revenue, no more stimulus, "Failed Stimulus!" No education, no minimum wage, any in a timely manner, how are you going to pay for Obamacare? Repeal Obamacare and have them nothing. Let's cut taxes for the rich again so we can crash and they can choke up and have it impossible. Let's cheat for our SCOTUS. Shut down the Government. Trump's economy. (a rev-ed up piston breaking its shaft) Impeach Trump. Bankrupt the Country. Slap Ten-Trillion and only give Obama $250."
 

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Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?

The lending bubble was just starting to form before the coronavirus hit so it would take another term to fructify and we could see case same as Bush or into the Democrat or know what to do nothing Reprobate.
 

Aunt Antifa

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Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?

THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.
 

bongsaway

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THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.

Something the right refuses to recognize. They are concerned with their little bits they have in their 401's and ignore the fact that ninety percent of the stocks are owned by ten percent of the people. The markets are not the economy but try telling that to the right.
 

bongsaway

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People are investing instead of spending.

Not hardly. Do you really believe the average investor has enough money in the stock market to move the markets at all? It's institutional traders who move the markets by trading hundreds of thousands of shares at a time, not ten shares here and there.

If you are 'investing' in the stock markets I suggest you have at least a twenty year goal in mind. Also most people who invest in the stock markets make over a hundred grand a year which excludes most folks.
 

Felis Leo

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People are investing instead of spending.

Certainly those who can afford to invest (even if just a small amount) should do so, for their own future. Even a small investment in a Roth IRA or 401k whose growth compounds over twenty to thirty years can build up a solid nest egg for their retirement.
 

Felis Leo

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Not hardly. Do you really believe the average investor has enough money in the stock market to move the markets at all? It's institutional traders who move the markets by trading hundreds of thousands of shares at a time, not ten shares here and there.

If you are 'investing' in the stock markets I suggest you have at least a twenty year goal in mind. Also most people who invest in the stock markets make over a hundred grand a year which excludes most folks.

Not necessarily, bongsaway. Technically if you are making less than 100k either gross or take-home and you either do an IRA or 401k, you are almost certainly invested in the stock market. Unless of course you are one of those folks who does a "self-directed IRA" and uses it to buy gold, commodities and land. Even state pensions like the California Public Employees Retirement System is invested in the stock market.
 

Aunt Antifa

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Something the right refuses to recognize. They are concerned with their little bits they have in their 401's and ignore the fact that ninety percent of the stocks are owned by ten percent of the people. The markets are not the economy but try telling that to the right.

Most of “the right” making this argument are dudes who think working 70 hours a week for their 2 door garage underwater mortgage payments will one day have a seat at the fancy table.

They’re never gonna have a seat at the fancy table.
 

Tbird19482

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THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.

Some people do not realize that what is more then likely holding the market up is when Trump gave the rich and corps. that big tax cut instead of putting that money back in to their businesses and growing them by putting people back to work they bought back a lot of their outstanding stock driving the price up
so what is keeping the market up there is hard working Americans tax dollars
Have a nice day
 

bongsaway

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Not necessarily, bongsaway. Technically if you are making less than 100k either gross or take-home and you either do an IRA or 401k, you are almost certainly invested in the stock market. Unless of course you are one of those folks who does a "self-directed IRA" and uses it to buy gold, commodities and land. Even state pensions like the California Public Employees Retirement System is invested in the stock market.

If you are making less than a hundred grand, say fifty grand a year and have a wife a house and two kids. How much do you think the average person can afford to invest each year and then multiply that by thirty. My guess, it doesn't come close to a million dollars.
 

bongsaway

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Most of “the right” making this argument are dudes who think working 70 hours a week for their 2 door garage underwater mortgage payments will one day have a seat at the fancy table.

They’re never gonna have a seat at the fancy table.

As long as they think they will, they will continue to support the gop.
 

Felis Leo

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Most of “the right” making this argument are dudes who think working 70 hours a week for their 2 door garage underwater mortgage payments will one day have a seat at the fancy table.

They’re never gonna have a seat at the fancy table.

Well, you would need to define the "fancy table."

If you are making a middling income (less than 100k for your household) where you are able to meet your basic living expenses, still have enough left over to save for emergencies and invest in a home and either in an IRA (or your employer's-offered 401(k), 403(b) or 457) then there is little reason why you cannot grow rich. Most millionaires in the United States are not inheritors of wealth or even high-income earners. They just tend to be frugal, careful savers and investors who rein in their spending.

From all the available knowledge about the wealthy in the United States, the vast majority of first-generation millionaires in our country are not particularly "fancy." They just wanted the financial security that comes with wealth for themselves and their families, without the ostentatiousness or glamour.
 

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Not hardly. Do you really believe the average investor has enough money in the stock market to move the markets at all? It's institutional traders who move the markets by trading hundreds of thousands of shares at a time, not ten shares here and there.

If you are 'investing' in the stock markets I suggest you have at least a twenty year goal in mind. Also most people who invest in the stock markets make over a hundred grand a year which excludes most folks.

The average investor, as a collective, can and do move the market. As long as money flows in more than flows out, the market will trend up. Further, "people"(which is what I said) include wealthy as well as average people.
 

The AntiDonald

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Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?

How about the fed infusing as much as 6 trillion into the stock market. It proves they don't care about the little guy. The markets are disconnected from reality now. Sure, there are some happy about their 401Ks and their retirement plans, but still the average American doesn't have $400.00 stashed away for an emergency.

Imaging how far that 6 trillion could have gone toward fighting Covid and helping out Average Americans.
 

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THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.

Exactly.

The market is the super rich, university endowments, 401k funds etc... The universities aren't touching endowments, people generally aren't taking out retirement funds and the rich don't have jobs or at least normal income is just a small sliver of the money they make.

The only way the market goes down is if people sell. But money has to go somewhere. For the vast majority of the money in the stock market, if it's pulled out the market it has to go right back in somewhere else. People aren't taking money out of the market to buy food. The people who need money to buy food don't have money in the market.
 

Aunt Antifa

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Well, you would need to define the "fancy table."

If you are making a middling income (less than 100k for your household) where you are able to meet your basic living expenses, still have enough left over to save for emergencies and invest in a home and either in an IRA (or your employer's-offered 401(k), 403(b) or 457) then there is little reason why you cannot grow rich. Most millionaires in the United States are not inheritors of wealth or even high-income earners. They just tend to be frugal, careful savers and investors who rein in their spending.

From all the available knowledge about the wealthy in the United States, the vast majority of first-generation millionaires in our country are not particularly "fancy." They just wanted the financial security that comes with wealth for themselves and their families, without the ostentatiousness or glamour.

Of the total wealth of the population, Kessler and Masson estimated that 35 percent originated from inheritances or gifts. Among those who had reported receiving an intergenerational transfer (who were about two and a half times richer than the average household), the corresponding proportion was 40 percent.


https://www.bls.gov/osmr/research-papers/2011/pdf/ec110030.pdf

That was just 8 years ago.

And yeah, most millionaires aren’t high income earners because the way you stay a millionaire is declare you earn very little because income taxes are for suckers.
 

Aunt Antifa

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Exactly.

The market is the super rich, university endowments, 401k funds etc... The universities aren't touching endowments, people generally aren't taking out retirement funds and the rich don't have jobs or at least normal income is just a small sliver of the money they make.

The only way the market goes down is if people sell. But money has to go somewhere. For the vast majority of the money in the stock market, if it's pulled out the market it has to go right back in somewhere else. People aren't taking money out of the market to buy food. The people who need money to buy food don't have money in the market.

This is great. Thank you.


Sent from my iPad using Tapatalk
 

Felis Leo

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If you are making less than a hundred grand, say fifty grand a year and have a wife a house and two kids. How much do you think the average person can afford to invest each year and then multiply that by thirty. My guess, it doesn't come close to a million dollars.

Certainly not. Nor would the single mother working minimum wage at McDonalds and relying partially on food stamps to get by. If you are just barely making ends meet paying for rent, groceries and kids clothes, with no wiggle room for saving for emergencies much less investment, then of course you are not going to be able to get ahead in terms of wealth building. Not unless you find ways to increase your income or decrease your expenses.
 

Jay59

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Actually, not close.

The market is the super rich, university endowments, 401k funds etc.
Some of this is good. The super rich and endowments tend to be in more conservative investments, eg bonds and real estate. However, 401(k) is a major player in the markets. That money is mostly middle class retirement savings.

The universities aren't touching endowments, people generally aren't taking out retirement funds and the rich don't have jobs or at least normal income is just a small sliver of the money they make.
Here you drift. institutional investors can and do switch from stocks to bonds. There is much more money in bonds at any given time, much of it in government bonds.

The only way the market goes down is if people sell. But money has to go somewhere.
There is place to go, quickly and easily.

For the vast majority of the money in the stock market, if it's pulled out the market it has to go right back in somewhere else.
This is simply wrong. Most mutual fund must stay in stocks, but other institutional money moves across the street to the bond market.

People aren't taking money out of the market to buy food. The people who need money to buy food don't have money in the market.
They take it out to pay major expenses or for large ticket purchases. A great deal of money moves from the markets to real estate.
 

Tahuyaman

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Biden a Kick-Down Trump a Great Depression:

If Biden wins the House and Senate.

Otherwise, the tax cut doesn't expire until 2025.

Republicans owned the oval office for 1929.

Reagan started this deficit spending.

GWB proved it.

So, go ahead America, make my day, make Putin's, make the World's.

Reagan started deficit spending? You do realize that only the congress controls spending, right?
 
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