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So, Obamanites, are you ready to put your money where your mouth is? If you really think Obama knows what he’s talking about and that the stimulus is going to work, why not get back into the market?
President Obama told Americans to take a look at investing in the stock market this afternoon, a remarkable utterance for an American president, especially as the Dow Jones Industrial Average proceeds on its course Southward.
“What you’re now seeing is … profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” the president said on a day that trading continued to hover under 7,000.
The president predicted that Americans’ consumer confidence would improve as they see the stimulus bill “taking root.”
Blessedly my husband doesn’t put his faith in the power of the federal government to get it right, we’ve been out of the market since before this all happened and don’t intend to return anytime soon.
What’s really amazing to me is that this guy is about to raise the capital gain rate, raise the tax rate on “the wealthy,” take away their mortgage deductions and he’s raising the corporate tax rate which means smaller dividends, why in the world should they take the risk? Doesn’t seem worth it to me but you guys believe in him, so you have no reason to doubt his plan will work, right, Obamanties? I bet you can find some real bargains. What’s GM at? How about Citibank?