The BHO Factor
The BHO Factor
We are looking at the largest stock sell-off after an election in American history!! The market is down right now almost 10% since Election Day. This is tracking to be the worst post-presidential election three-day period since at least 1900, the worst so far. The market was down 6% in November of 1948. We're right now tracking to be much worse than that. However, of course the MSM are not suggesting that Obama has anything to do with this. The stock market still falling, what is it, down now 324; down 486 yesterday. Now, let's connect the dots. On Tuesday we elected a new president. The new president promised to increase corporate taxes, increase capital gains by a third, increase the top marginal tax rate on income, impose a massive new energy tax that would bankrupt the coal industry.
He wants to bankrupt the coal industry. His party is now talking about a government takeover of 401(k)s. Imagine every 401(k) and SEP/Keogh Plan in the country, and the government takes 'em over. They're going to pull 'em out of the stock market. Your investments are in the markets or wherever else you have them. They're going to take your 401(k). The way they're going to "sweeten" this for you is to take your 401(k) back to its August levels before the market decline. They're going to say to you, "We're going to restore the full value of your 401(k)," and you're supposed to say Oh, wow! I love Obama! I love the Democrats."
Right. Then they take your 401(k) away from you after they "restore the value," and they put it in your so-called Social Security fund, which is bankrupt, and they're going to grow it by 3% each year with government bonds, and they're going to adjust that for inflation. Well, whoopee-doo. If we enter a deflationary period, which a lot of people think we might now -- which is not good, by the way. Deflation is bad for producers because they can't sell the things they produce for a profit. It can drive businesses out of business if we go deflationary. Inflation is bad, too. But deflationary is a horribly bad cycle. They're going to take your 401(k), put it in the Social Security trust fund, whatever the hell that is. Whatever they're calling it, going to put it there, guaranteeing you 3% interest a year, and the most that you're going to be able to contribute to it every year is 5%.
It's not whatever you choose adjusted off the top. But then what nobody's talking about is this. It's particularly troubling out there. Massive amounts of investment capital will be taken out of the market and given to the government. Imagine all of the millions, hundreds of millions of dollars -- your 401(k) and everybody else's invested wherever you have it invested -- taken out of those companies, out of those instruments and put in the government. Can you imagine the recessionary pressure of that? The de-capitalization of the markets? One of the things that happens when you buy stock is the companies in which you buy stock use that money for investment and so forth; borrowing, building, whatever. That's going to go, if this happens.
So, in addition to you losing your 401(k) to the government at 3% a year for the rest of your life, adjusted for inflation, all that money comes out of the stock market. Okay. So let me start at the top here, connecting the dots. On Tuesday we elect a new president. The new president promised -- even before the election, by the way, when we had a 4,000-point drop. The president promised to increase corporate taxes, capital gains taxes, the top marginal income tax rate, a massive new energy tax that will bankrupt coal, and his party is talking about a government takeover of 401(k) plans. So on Wednesday the Dow drops about 486 points. It's down 346 points today, but of course, according to the MSM, these two events have nothing to do with each other. It's just a coincidence. The market's down today because of the jobless numbers. That's how the MSM see it. Uhhhhh, we have the largest market plunge after an election in history. & you can Thank your boi... Barack Obama.
He wants to bankrupt the coal industry. His party is now talking about a government takeover of 401(k)s. Imagine every 401(k) and SEP/Keogh Plan in the country, and the government takes 'em over. They're going to pull 'em out of the stock market. Your investments are in the markets or wherever else you have them. They're going to take your 401(k). The way they're going to "sweeten" this for you is to take your 401(k) back to its August levels before the market decline. They're going to say to you, "We're going to restore the full value of your 401(k)," and you're supposed to say Oh, wow! I love Obama! I love the Democrats."
Right. Then they take your 401(k) away from you after they "restore the value," and they put it in your so-called Social Security fund, which is bankrupt, and they're going to grow it by 3% each year with government bonds, and they're going to adjust that for inflation. Well, whoopee-doo. If we enter a deflationary period, which a lot of people think we might now -- which is not good, by the way. Deflation is bad for producers because they can't sell the things they produce for a profit. It can drive businesses out of business if we go deflationary. Inflation is bad, too. But deflationary is a horribly bad cycle. They're going to take your 401(k), put it in the Social Security trust fund, whatever the hell that is. Whatever they're calling it, going to put it there, guaranteeing you 3% interest a year, and the most that you're going to be able to contribute to it every year is 5%.
It's not whatever you choose adjusted off the top. But then what nobody's talking about is this. It's particularly troubling out there. Massive amounts of investment capital will be taken out of the market and given to the government. Imagine all of the millions, hundreds of millions of dollars -- your 401(k) and everybody else's invested wherever you have it invested -- taken out of those companies, out of those instruments and put in the government. Can you imagine the recessionary pressure of that? The de-capitalization of the markets? One of the things that happens when you buy stock is the companies in which you buy stock use that money for investment and so forth; borrowing, building, whatever. That's going to go, if this happens.
So, in addition to you losing your 401(k) to the government at 3% a year for the rest of your life, adjusted for inflation, all that money comes out of the stock market. Okay. So let me start at the top here, connecting the dots. On Tuesday we elect a new president. The new president promised -- even before the election, by the way, when we had a 4,000-point drop. The president promised to increase corporate taxes, capital gains taxes, the top marginal income tax rate, a massive new energy tax that will bankrupt coal, and his party is talking about a government takeover of 401(k) plans. So on Wednesday the Dow drops about 486 points. It's down 346 points today, but of course, according to the MSM, these two events have nothing to do with each other. It's just a coincidence. The market's down today because of the jobless numbers. That's how the MSM see it. Uhhhhh, we have the largest market plunge after an election in history. & you can Thank your boi... Barack Obama.
Last edited by vman on September 20th, 2011, 12:48 am, edited 1 time in total.
I have to say thank you to me ..." for not being stupid enough to go to Penn State."
-
southpaw
- Official BleacherCoach
- Posts: 2906
- Joined: September 5th, 2003, 12:33 pm
- Location: Helixville
Re: The BHO Factor
Great points vman,
I'll take it one step further. IMO this whole 401K takeover is the Dem way of paying for their ambitious socialism agenda. More food stamps, welfare, funding socialism is schools, "green" energy and the BS jobs to go with that bogus gov't subsidized initative. That so called SS trust fund has been raided most recently by Clinton if I'm not mistaken and is empty. With the 401K gone corporation will bankrupt and the gov't will take them over. So we will have a national petroleum company, etc. That's socialism people and this scenario is how it might play out.
I'll take it one step further. IMO this whole 401K takeover is the Dem way of paying for their ambitious socialism agenda. More food stamps, welfare, funding socialism is schools, "green" energy and the BS jobs to go with that bogus gov't subsidized initative. That so called SS trust fund has been raided most recently by Clinton if I'm not mistaken and is empty. With the 401K gone corporation will bankrupt and the gov't will take them over. So we will have a national petroleum company, etc. That's socialism people and this scenario is how it might play out.
"I'm your huckleberry"