dow below 10K and gas above $2.35 a gallon

juanbenae · juanbenae's Garage

I am thinking kerry is to blame for this too?

tabs · 10-14-2004, 02:14 PM

If Kerry wins certain sectors of the Stock Market are going to be like Wiley Coyote trying to tread air when he discovers he's over the cliff and all your gona hear is the KABOOM...of the Market hitting the pavement...

Big Ed · 10-14-2004, 10:27 PM

Quote:

Originally posted by tabs
If Kerry wins certain sectors of the Stock Market are going to be like Wiley Coyote trying to tread air when he discovers he's over the cliff and all your gona hear is the KABOOM...of the Market hitting the pavement...

I've heard this postulated a lot lately, stocks/real estate/energy prices/jobs will all tank if Kerry is elected. Is there any history of this happening in the past as described in reaction to a presidential election?

For the record, this is not a sarcastic question, I'm really wondering. And as far as the election choices go, I'm still muddling through whether I prefer candidate dog**** or candidate cat****.

mikester · 10-15-2004, 07:32 AM

It's a very interesting question and well said Big ed.

gaijinda · 10-15-2004, 07:44 AM

I dont think Kerry is to blame, and most thinking people dont think Bush is either.

Hurricanes in the Gulf of Mexico slowing refining operations, the growth of the Chinese and Indian economies adding great demand to the supply of oil.. If you think any President can control these things you have got to go back to Civics 101.

As for the stock market, I think their is some instability before the election, so things should improve regardless who wins.. The same with consumer confidence.

Neilk · 10-15-2004, 08:14 AM

gaijinda,

You forgot the "fear of terrorism factor" which I have read is adding up to $15 a barrel. You can blame that on Bush for creating a mess in Iraq.

In any case, our oil producing "friends" in the middle east are laughing all the way to the bank with oil at $54+ .

ed martin · 10-15-2004, 08:30 AM

I'm sure that Kerry's plan to raise taxes will take care of everything. I mean after all the one thing we need now more than ever is more bureaucracy so every thing will run with the pleasantness and efficiency of your local DMV.

techweenie · techweenie's Garage

I believe it's been shown that anything short of a 'slam dunk' election depresses the stock market a bit. But the market is way, way down from where it should be -- down more than 10% from January 2001. It's only about 1% off of its high for the year. So the best forward-looking indicator says tough times are still with us.

Personally, I think it's the price of oil and the uncertainty that goes with that. All operating costs for all businesses rise with rising energy costs.

techweenie · techweenie's Garage

Quote:

Originally posted by ed martin
I'm sure that Kerry's plan to raise taxes will take care of everything. I mean after all the one thing we need now more than ever is more bureaucracy so every thing will run with the pleasantness and efficiency of your local DMV.

Funny you should say that. GWB has increased the size of government by over 800,000 jobs. He hasn't yet met a spending bill he hasn't supported. He has spent over $900,000,000 more than the government has taken in and he has no plan to cut the rate of deficit spending.

So a Republican administration and Congress once again have created a huge deficit.

Kerry, if elected, would not have same-party domination of the legislative branch and it would be impossible for him to spend at anything approaching the level that GWB has reached.

But hey, those are just facts.

CarreraS2 · 10-15-2004, 08:39 AM

I thought we invaded Iraq for the oil?

When are we going to start taking it?

techweenie · techweenie's Garage

Quote:

Originally posted by SoCal911SC
I thought we invaded Iraq for the oil?

When are we going to start taking it?

Yeah, that's what I thought!

But probably we invaded Iraq to secure territory for the pipeline the oil companies need to pull the stuff out of the Caspian area. Afghanistan was far more strategically important in the short term.

http://www.whatreallyhappened.com/oil.html

turbo6bar · 10-15-2004, 08:49 AM

Quote:

Originally posted by techweenie
Funny you should say that. GWB has increased the size of government by over 800,000 jobs. He hasn't yet met a spending bill he hasn't supported. He has spent over $900,000,000 more than the government has taken in and he has no plan to cut the rate of deficit spending.

That's why the only logical choice is Libertarian candidate Badnarik, who proposes cutting spending at all levels.

Something screwy is going on, because gas prices are going north, and I've heard nothing about inflation. Bonds yields are flat, indicating there is no run-away inflation. I guess that's why I'm not an economist.

SteveStromberg · 10-15-2004, 08:51 AM

Neither China or India have the storage and pipelines like we have here.
They need to buy more gas than they need because of their lack of efficient distribution.
They use trucks to move the fuel not pipelines.

Also Jimmy Carter good buddy Chavez is screwing up production in Venezuela no doubt to cause higher fuel prices in an attemp to keep GW from getting reelected.

gaijinda · 10-15-2004, 08:51 AM

Quote:

Originally posted by Neilk
gaijinda,

You forgot the "fear of terrorism factor" which I have read is adding up to $15 a barrel. You can blame that on Bush for creating a mess in Iraq.

In any case, our oil producing "friends" in the middle east are laughing all the way to the bank with oil at $54+ .

Dont believe everything you read Neilk. And dont expect the Saudis to be any better "friends" than the French and Germans. We freed their asses, and protected them for the next 60 years, and we get bubkus from them!

Oil, is the same as wheat or crushed stone. Supply and demand. Over time, that is how the price works out. The growth of the Indian and Chinese economies has done more than anything else to raise the price of energy. Dont wait for the liberal media to tell you this, as it is not a negative on Bush.

And as for the price of oil, it is cheaper (adjusted for inflation) than in 1981. As I remember - the economy under Reagan started to do pretty well, soon after that..

SteveStromberg · 10-15-2004, 08:53 AM

Libertarians want open borders that would turn the USA in to a Third world country in about two weeks.

speeder · 10-15-2004, 08:56 AM

Quote:

Originally posted by Neilk
gaijinda,

You forgot the "fear of terrorism factor" which I have read is adding up to $15 a barrel. You can blame that on Bush for creating a mess in Iraq.

In any case, our oil producing "friends" in the middle east are laughing all the way to the bank with oil at $54+ .

You get an "A" for the day. Anyone who doesn't understand this is a dolt, or dishonest. The hurricane factors are insignificant compared to the instability in Iraq, (the heart of the Middle East oil pumping region) caused by Bush, period. And the real run-up would not have occured if they had managed the occupation in even a half-assed competetent way, it's because Iraq is now the most dangerous place on planet earth.

The current cost of fuel is a MUCH bigger threat to our way of life than all of the terrorism in the world combined. It is ironic, (but not really), that we have caused the current situation in Iraq. And it was, and is, craven incompetence and hubris that did it, the morons thought that it would be "a cakewalk", (Cheney's words), and that the flowing oil would pay for the entire operation.

Oh well, at least people in the oil business in Texas and Saudi Arabia are having one hell of a year.

The increased cost of fuel, (diesel @ $2.50 and rising daily), will cause rampant inflation very soon. Either that or every business and individual on earth is going to just have to get by on less and pay more in energy costs, like now.

mikester · 10-15-2004, 08:57 AM

The price of energy is an extremely important factor in our economy and it seems to me that the government is not protecting our interests very well.

Oil prices are high and that's bad for us.

SteveStromberg · 10-15-2004, 08:58 AM

whatreallyhappened.com <---Commie Prorpoganda News
TW do you check out your info sources?

SteveStromberg · 10-15-2004, 08:59 AM

Time to Start Drilling in ANWAR.

turbo6bar · 10-15-2004, 09:00 AM

Quote:

Originally posted by SteveStromberg
Libertarians want open borders that would turn the USA in to a Third world country in about two weeks.

Bush and Kerry will tax and spend, so the US will become a third world country anyway. 2 weeks or 15 years. Does it really matter?