On Wednesday, November 7, 2012 3:10:31 PM UTC-8, MarkA wrote:
> On Wed, 07 Nov 2012 07:38:03 -0800, Joe Bruno wrote:
>
>
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> > --it Begins Already: "Wall Street Sharply Lower After Obama Wins"
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> >
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> > Reuters
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> > "Stocks fell on Wednesday in the wake of Barack Obama's reelection as
>
> > president....."
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>
>
> Hmmm. On Obama's watch, the market has climbed from a low of 6,600 to
>
> it's current level of over 13,000. Yep, Obama has been a disaster for the
>
> Dow, hasn't it? I suppose that if the GOP had been in control, the Dow
>
> would be over 20,000 by now, eh?
Actually, if you had read the Constitution, you'd know that the President has
no control or authority over the stock market or the economy.NONE.
The market is reacting to Obama's promises to raise taxes, impose new regulations on business and force employers under penalty of fines, to
buy government health insurance.