What I am hearing in the financial business...

Most have had to delay plans for several reasons, the primary one being that lines of credit have been frozen by the banks and no one is getting loans. Can't blame that on Obama, it happened under Bush's watch.

That has also already began and not just recently with the prudent and the forward looking. I am not wealthy, but do have investments. Over a year ago I looked over the economy and said, "This can't keep up." So, I moved a large majority of my investments into municipal bonds.

I believe you meant unemployment exceed 8%. That may be true, but not because of Obama. Bush has already set the wheels in motion for this to happen.

Production has already slowed and will continue to slow. Again because of the policies of the last 8 years for which we are now paying and will continue to pay for another year or more.

 

That is correct an then the House forced banks that were large and still performing well to take the bail out keeping them under federal jurisdiction. We are in dire straits my friend.

 

All you fawning liberals can shift blame all you like, but the time is coming, likely this election, when you will get exactly what you have been wanting - a D controlled govt!!!

Will you continue to blame "BUSH" for the next ? years as taxes are skyrocketing, unemployment grows, freedoms are chipped (or bulldozed) away, morality becomes a "laughing-stock"?

Don't come crying on the conservative shoulders when society nose-dives into moral oblivion.

Remember you had a chance as a Christian (?) to vote for a more moral America, but you chose the liberal path!

I firmly believe that America is in a crossroad of moral decision with this election, and if America chooses to vote for the liberal's version of morality, God will let us have what "we asked for"; to our detriment.

The economy IS important, but the nation's morality is FAR, FAR more important, and that is being flushed down the toilet.

In fact there are many important issues, but none, NONE, IMHO, exceed the moral depravity that looms if the liberals get total power.

Just my $.02 worth!!!

 

All of this is true, and very little of it has anything to do with Bush or Obama. The exception is the raising of rates on capital gains which will tie up money probably and change the kind of investments the rich make.

But the economy is cyclical ... always has been ... always will be.

If you look at P/E's over the last decade, they have been way to high, and that is not good investing. The housing market was way overpriced due to easy cheap credit. Unemployment has been historically low for the last decade. Even now, by historic standards, unemployment is low, which doesn't help the unemployed, but helps us see the economy in bigger pictures.

The market will recover and it won't have anything to do with Obama or McCain.

Remember, the president has little to do with it. He gets too much credit when it is good and too much blame when it is bad. When we were in a recession during the election of 92 (but later found out it had recovered prior to the vote). We were in a recession in the election of 2000, and we are in one now. The economy does this ... It is self-correcting for the most part.

 

What's their prediction for a McCain Presidency?

 

The House didn't do that. The dept. of the Treasury did that (under Bush).

 

I agree with this thinking and for this reason alone it is enough to vote/hope for a McCain win. Thanks for posting this information!

 

Just curious, not arguing. If this is true, why didn't the Bush tax cuts to business bring about long-term prosperity and great business conditions?

 

Emphasis mine

Which = higher taxes on the currently employed & businesses, which = fewer jobs because of higher taxes and less spendable income for those that are STILL employed, which = still higher taxes to replace that lost by losing salaried employees, which = ------ well you get the idea.

Just how stupid can the general public be? (Don't ask!) This election may answer that question.