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Discussion Starter #1
As the presidential elections approached in 2008, a financial panic set off by the failure of investment bank Lehman Brothers drove an already diving economy into catastrophe. The candidacy of then-Senator Obama got a big boost as investing legends like Warren Buffet backed the newcomer and anti-incumbent sentiment soared.

Now, the scene has changed dramatically. Corporate profits are booming again but President Obama's popularity is sinking fast. The list of financial and business titans claiming that Democratic policies are impeding the economic recovery and hurting US competitiveness, meanwhile, gets longer by the day.

Of course, much of the business sector has always harped about government interference. But now even high profile investors and executives who were once ardent supporters of President Obama are changing their tune. Investors should take note of the fast-defecting business community, since the upcoming Congressional elections could have a major impact on markets in the intermediate term.

Big Players Turn Away

Famously acerbic hedge fund manager Daniel Loeb, manager of the $3.4 billion Third Point Partners, became the most recent Wall Street heavy weight to turn on the Obama administration. In a letter to his firm's investors, Loeb blasted government interference in the economy.

Loeb lambasted the case against investment bank Goldman Sachs (GS) as a witch-hunt and said his firm had to exit investments in educational companies because of the risks posed by a politically charged atmosphere surrounding student lending.

Loeb's accusations are especially stunning since the hedge fund titan was among the biggest backers of the Obama administration just two years ago. But he has some esteemed company in the hedge world when it comes to newfound disillusionment with Obama.

Reports recently surfaced that Steve Cohen, head of the giant SAC Capital, held meetings at his house with that included other industry heavyweights strategizing about how the Republicans could win the midterm elections.

Cohen's move may mirror the shifting allegiances at his firm. SAC employees gave 71% of their donations to Democratic candidates during the 2008 election cycle, according to the Center for Responsive Politics. But employees had now given 93% of their contributions to Republicans as of August 1, as the midterm elections approached.

Angry CEOs

The growing discontent on Wall Street seems to echo that coming from business executives earlier in the summer. Once seen as an Obama ally and a key player in shaping things like energy policy, GE (GE) CEO Jeffrey Immelt lashed out at the President earlier this summer and accused the administration of creating a sour economic climate.

Much like Loeb, some high-profile corporate executives see the Democratic agenda as meddling too much in how business is run and creating more uncertainty at a time when plenty uncertainty already exists.

"The most important thing the current administration can do is remove the number of variables out there," Paul Ottellini, head of semiconductor juggernaut Intel (INTC) recently said. "There are so many things where business leaders can't predict what's going to happen."

Investors would be wise to put their partisan biases aside and observe the major shifts. It is telling that so much of the criticism seems to be coming from onetime supporters rather than ideologues who perpetually have an axe to grind.

And a reduction in policy uncertainty – either through a toned down Democratic agenda, or significant Democratic losses that lower the chances of implementation – could serve as a major driver for the markets in the coming months.
 

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Good article. The dems complain loudly saying the pubs are the party of no, however, maybe now they are seeing that they in actuality were. When it came to cross partisanship for the health care bill, everything the pubs tried to offer was met with a resounding 'NO'.

Now that is coming back to haunt them. There may be enough new seats gained to defund this whole campain, if not derail it, in November. 70% of the American public doesn't want it. It's going to be an interesting coming 3 months.

Imagine, 80-90% turnout. That's unprecedented.
 

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Discussion Starter #3
At least now... they can call us "proponents of big business"... and have and iota truth in their charges... now. ;)
 

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As the presidential elections approached in 2008, a financial panic set off by the failure of investment bank Lehman Brothers drove an already diving economy into catastrophe. The candidacy of then-Senator Obama got a big boost as investing legends like Warren Buffet backed the newcomer and anti-incumbent sentiment soared.

Now, the scene has changed dramatically. Corporate profits are booming again but President Obama's popularity is sinking fast. The list of financial and business titans claiming that Democratic policies are impeding the economic recovery and hurting US competitiveness, meanwhile, gets longer by the day.

Of course, much of the business sector has always harped about government interference. But now even high profile investors and executives who were once ardent supporters of President Obama are changing their tune. Investors should take note of the fast-defecting business community, since the upcoming Congressional elections could have a major impact on markets in the intermediate term.

Big Players Turn Away

Famously acerbic hedge fund manager Daniel Loeb, manager of the $3.4 billion Third Point Partners, became the most recent Wall Street heavy weight to turn on the Obama administration. In a letter to his firm's investors, Loeb blasted government interference in the economy.

Loeb lambasted the case against investment bank Goldman Sachs (GS) as a witch-hunt and said his firm had to exit investments in educational companies because of the risks posed by a politically charged atmosphere surrounding student lending.

Loeb's accusations are especially stunning since the hedge fund titan was among the biggest backers of the Obama administration just two years ago. But he has some esteemed company in the hedge world when it comes to newfound disillusionment with Obama.

Reports recently surfaced that Steve Cohen, head of the giant SAC Capital, held meetings at his house with that included other industry heavyweights strategizing about how the Republicans could win the midterm elections.

Cohen's move may mirror the shifting allegiances at his firm. SAC employees gave 71% of their donations to Democratic candidates during the 2008 election cycle, according to the Center for Responsive Politics. But employees had now given 93% of their contributions to Republicans as of August 1, as the midterm elections approached.

Angry CEOs

The growing discontent on Wall Street seems to echo that coming from business executives earlier in the summer. Once seen as an Obama ally and a key player in shaping things like energy policy, GE (GE) CEO Jeffrey Immelt lashed out at the President earlier this summer and accused the administration of creating a sour economic climate.

Much like Loeb, some high-profile corporate executives see the Democratic agenda as meddling too much in how business is run and creating more uncertainty at a time when plenty uncertainty already exists.

"The most important thing the current administration can do is remove the number of variables out there," Paul Ottellini, head of semiconductor juggernaut Intel (INTC) recently said. "There are so many things where business leaders can't predict what's going to happen."

Investors would be wise to put their partisan biases aside and observe the major shifts. It is telling that so much of the criticism seems to be coming from onetime supporters rather than ideologues who perpetually have an axe to grind.

And a reduction in policy uncertainty – either through a toned down Democratic agenda, or significant Democratic losses that lower the chances of implementation – could serve as a major driver for the markets in the coming months.



Sounds like he's stepping on EXACTLY the right feet that need to be stepped on.:huh:
 

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Discussion Starter #5
Of course it does... to you.
 

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So, the banking and insurance industries go into melt down mode just before the last election, Obama spends large and corporate profits are booming again and it's all Obama's fault?


Fuzzy math here fellas.



I know the HC plan is beyond bad but, Wall Street and the banks were all chicken littles in the fall of 08. They got their no strings attached bailouts from Bernake and Paulson and company.

Their crocodile tears now ridiculous.
 

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As the presidential elections approached in 2008, a financial panic set off by the failure of investment bank Lehman Brothers drove an already diving economy into catastrophe. The candidacy of then-Senator Obama got a big boost as investing legends like Warren Buffet backed the newcomer and anti-incumbent sentiment soared.

Now, the scene has changed dramatically. Corporate profits are booming again but President Obama's popularity is sinking fast. The list of financial and business titans claiming that Democratic policies are impeding the economic recovery and hurting US competitiveness, meanwhile, gets longer by the day.

Of course, much of the business sector has always harped about government interference. But now even high profile investors and executives who were once ardent supporters of President Obama are changing their tune. Investors should take note of the fast-defecting business community, since the upcoming Congressional elections could have a major impact on markets in the intermediate term.

Big Players Turn Away

Famously acerbic hedge fund manager Daniel Loeb, manager of the $3.4 billion Third Point Partners, became the most recent Wall Street heavy weight to turn on the Obama administration. In a letter to his firm's investors, Loeb blasted government interference in the economy.

Loeb lambasted the case against investment bank Goldman Sachs (GS) as a witch-hunt and said his firm had to exit investments in educational companies because of the risks posed by a politically charged atmosphere surrounding student lending.

Loeb's accusations are especially stunning since the hedge fund titan was among the biggest backers of the Obama administration just two years ago. But he has some esteemed company in the hedge world when it comes to newfound disillusionment with Obama.

Reports recently surfaced that Steve Cohen, head of the giant SAC Capital, held meetings at his house with that included other industry heavyweights strategizing about how the Republicans could win the midterm elections.

Cohen's move may mirror the shifting allegiances at his firm. SAC employees gave 71% of their donations to Democratic candidates during the 2008 election cycle, according to the Center for Responsive Politics. But employees had now given 93% of their contributions to Republicans as of August 1, as the midterm elections approached.

Angry CEOs

The growing discontent on Wall Street seems to echo that coming from business executives earlier in the summer. Once seen as an Obama ally and a key player in shaping things like energy policy, GE (GE) CEO Jeffrey Immelt lashed out at the President earlier this summer and accused the administration of creating a sour economic climate.

Much like Loeb, some high-profile corporate executives see the Democratic agenda as meddling too much in how business is run and creating more uncertainty at a time when plenty uncertainty already exists.

"The most important thing the current administration can do is remove the number of variables out there," Paul Ottellini, head of semiconductor juggernaut Intel (INTC) recently said. "There are so many things where business leaders can't predict what's going to happen."

Investors would be wise to put their partisan biases aside and observe the major shifts. It is telling that so much of the criticism seems to be coming from onetime supporters rather than ideologues who perpetually have an axe to grind.

And a reduction in policy uncertainty – either through a toned down Democratic agenda, or significant Democratic losses that lower the chances of implementation – could serve as a major driver for the markets in the coming months.
Do you even have a Corvette...not one related Corvette post...ever? The sad thing is...we all have to tolerate your insufferable, windbag preaching for the rest of, and I hate to break it to you another Obama term...at which point the sky will have not fallen and you, chicken little will still be preaching...drive your imaginary Vette today or just brood on your propaganda sites looking for more tenuous reports of the end of the world that is a Democratic presidency? Why don't you for the love of everything holy take this bs to a Fox or tea party or whatever other I.Q. challenged forum out there where it is welcomed. I would really love to see more chatter on this site about Corvettes and less regurgitated pablum from lemmings like yourself. Maybe next week will be the week that I can come to DC and browse Corvette related information without having to weed out your crap. :down:
 

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Do you even have a Corvette...not one related Corvette post...ever? The sad thing is...we all have to tolerate your insufferable, windbag preaching for the rest of, and I hate to break it to you another Obama term...at which point the sky will have not fallen and you, chicken little will still be preaching...drive your imaginary Vette today or just brood on your propaganda sites looking for more tenuous reports of the end of the world that is a Democratic presidency? Why don't you for the love of everything holy take this bs to a Fox or tea party or whatever other I.Q. challenged forum out there where it is welcomed. I would really love to see more chatter on this site about Corvettes and less regurgitated pablum from lemmings like yourself. Maybe next week will be the week that I can come to DC and browse Corvette related information without having to weed out your crap. :down:
If you don't like it in here, there are many other forums on this site you can post in.
 

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Do you even have a Corvette...not one related Corvette post...ever? The sad thing is...we all have to tolerate your insufferable, windbag preaching for the rest of, and I hate to break it to you another Obama term...at which point the sky will have not fallen and you, chicken little will still be preaching...drive your imaginary Vette today or just brood on your propaganda sites looking for more tenuous reports of the end of the world that is a Democratic presidency? Why don't you for the love of everything holy take this bs to a Fox or tea party or whatever other I.Q. challenged forum out there where it is welcomed. I would really love to see more chatter on this site about Corvettes and less regurgitated pablum from lemmings like yourself. Maybe next week will be the week that I can come to DC and browse Corvette related information without having to weed out your crap. :down:
While no one forces you to read these threads I am more than certain your general windbaggery above pertains to those people on this site who subscribe to the same beliefs you do.
 

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Well about time the ivy league wonders figure out socialism doesnt work.
 

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.... I am more than certain your general windbaggery above pertains to those people on this site who subscribe to the same beliefs you do.
Not really.

I dont care if you and preacher dont have vettes.....:laughing:
 

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Do you even have a Corvette...not one related Corvette post...ever? The sad thing is...we all have to tolerate your insufferable, windbag preaching for the rest of, and I hate to break it to you another Obama term...at which point the sky will have not fallen and you, chicken little will still be preaching...drive your imaginary Vette today or just brood on your propaganda sites looking for more tenuous reports of the end of the world that is a Democratic presidency? Why don't you for the love of everything holy take this bs to a Fox or tea party or whatever other I.Q. challenged forum out there where it is welcomed. I would really love to see more chatter on this site about Corvettes and less regurgitated pablum from lemmings like yourself. Maybe next week will be the week that I can come to DC and browse Corvette related information without having to weed out your crap. :down:

Me thinks the sore spot has been poked! :laughing:

Stay out of the ****ing "NEWS ROOM" if you don't want to see "NEWS RELATED THREADS"!!!! :spanked:

:smack
 

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Discussion Starter #14
Do you even have a Corvette...not one related Corvette post...ever? The sad thing is...we all have to tolerate your insufferable, windbag preaching for the rest of, and I hate to break it to you another Obama term...at which point the sky will have not fallen and you, chicken little will still be preaching...drive your imaginary Vette today or just brood on your propaganda sites looking for more tenuous reports of the end of the world that is a Democratic presidency? Why don't you for the love of everything holy take this bs to a Fox or tea party or whatever other I.Q. challenged forum out there where it is welcomed. I would really love to see more chatter on this site about Corvettes and less regurgitated pablum from lemmings like yourself. Maybe next week will be the week that I can come to DC and browse Corvette related information without having to weed out your crap. :down:

Your inability to defend your far left liberal ideology, through debate, is the real motive behind your constant badgering. It is that same far left liberal ideology, itself -that has caused so much strife and misery in the lives of citizens such as myself. I find you to be a cowardly man for this reason. I have become accustomed to weak men such as yourself -with lessor intelligence, lessor character and void of any working moral compass, attacking those that are stronger in all three categories -for their righteous beliefs and defense of this countries greatness that has been stifled by those of you willing to suck off the teet and the blood and the sweat and the tears... of true Americans. I am here to change all that !

In reality... you are the reason I am here -posting in this section of a Corvette site.

God, Country, Family and Honor. Get used to these words burning your eyes and ears... you are going to be seeing and hearing a lot of it over the next few years -as the country is ripped from your cowardly clutches.
 

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Discussion Starter #15
Do you even have a Corvette...not one related Corvette post...ever? The sad thing is...we all have to tolerate your insufferable, windbag preaching for the rest of, and I hate to break it to you another Obama term...at which point the sky will have not fallen and you, chicken little will still be preaching...drive your imaginary Vette today or just brood on your propaganda sites looking for more tenuous reports of the end of the world that is a Democratic presidency? Why don't you for the love of everything holy take this bs to a Fox or tea party or whatever other I.Q. challenged forum out there where it is welcomed. I would really love to see more chatter on this site about Corvettes and less regurgitated pablum from lemmings like yourself. Maybe next week will be the week that I can come to DC and browse Corvette related information without having to weed out your crap. :down:
Or...

Geeeet the **** outta here with that goofy **** ! You attack me because of my effectiveness... and your inability to muster an intellectual rebuttal. Proof of this is your unwillingness to attack those of your same illogical ideology that I trounce on every day. My nut-sack has a higher IQ then you possess (apparently, this is obvious to everybody but you) ! You come in to the room with water pistols blazing... in the end -that's all it amounts to. As your posts are nothing but rewarmed regurgitation's of every other post you have ever made... with the only change being what Google's generated synonyms offer you.

I've payed my due's to this site. I see the worth in it. You, suck off it's teet... just like in life. You put your hand out in the hopes of an offering... and then complain of what you were given.

 
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