CNN says Romney's out

[rideit]

Don't we all agree that the President is NOT the determining factor of economic conditions?

[4matic]

I think we're both saying that believing one presidential candidate over the another to be "good for the market" and for sure cut years off your retirement horizon is pure-d-ignorance.

Eliminating cap gains taxes would help equity markets.

[lemon boy]

Eliminating cap gains taxes would help equity markets.

sorry, my bad dude, my sarcasm detector has been on the fritz lately and I thought you were being serious.

[sftc]

It would have been nice if Romney has stayed around a little longer so people could see how fucked up the LDS Church really is. It never really came out that Romney's great-grandparents were full on polygamous Mormons and his dad was born in Mexico. Not that there's anything wrong with that, but the media has been making such a big deal about Obama's father being from Kenya, but you never heard much about Romney's DEEP roots in the LDS Church.

[4matic]

sorry, my bad dude, my sarcasm detector has been on the fritz lately and I thought you were being serious.

I have no political affiliation and haven't voted in twenty years. MY future depends on the sanctity and strength of the financial markets and in that respect Romney would have been the best person.

Please tell me why eliminating cap gains and corporate taxes would be bad for equities?

[mnflyfish]

Supposedly the Gov. Of Minnesota - Pawlenty? - is on the list.

That's been the talk here for the last 6 months. I'd be surprised, he's really a middle of the road guy, more so that McCain. I'd guess the likely choice will be Huckabee or some other "righter" wing guy that can deum up support from the far right.

On another note, with Romney out, there goes all the fun jokes about "Big Love" takes over the white house.

Jay

[13]

No way that McCain puts huckabuck on the ticket. [crosses fingers]

amen. that would suck.

[lemon boy]

Please tell me why eliminating cap gains and corporate taxes would be bad for equities?

I never said it would be bad for equities. You're the one (apparently seriously) saying that eliminating cap gains taxes will be "good" for the markets…and I guess if by good you mean "allow me to take my money out for retirement tax free" (and assuming that the market doesn't fall by 15% b/c LTCGTs are factored into prices) then…sure...maybe but if you're saying that eliminating the cap gains tax would be good for the fundamental health of the equity markets then I thing you've got a whole lot of 'splainin to do Lucy.

Also, can you please explain to me how replacing the cap gains and corp. tax with taxes on individual ordinary income is going to be so great for the equities markets?

I'll give you a hint - If you've bought into the idea that the thing that holds the economy back is merely taxes, then you've bought into a fairy tale.

[laseranimal]

what I find completely amusing/annoying is how fucktards like Hanity/Rush are now siting there and claiming that "they" have their principles and may not support McCain if and when he becomes the nominee.

Last time I checked these were the same asswipes who in 2000 told McCain supporters that their loyalty should be to the party and to its nominee

then they wonder why the moderate/liberal wing of the party doesn't trust them.................

[4matic]

I never said it would be bad for equities. You're the one (apparently seriously) saying that eliminating cap gains taxes will be "good" for the markets…and I guess if by good you mean "allow me to take my money out for retirement tax free" (and assuming that the market doesn't fall by 15% b/c LTCGTs are factored into prices) then…sure...maybe but if you're saying that eliminating the cap gains tax would be good for the fundamental health of the equity markets then I thing you've got a whole lot of 'splainin to do Lucy.

Also, can you please explain to me how replacing the cap gains and corp. tax with taxes on individual ordinary income is going to be so great for the equities markets?

I'll give you a hint - If you've bought into the idea that the thing that holds the economy back is merely taxes, then you've bought into a fairy tale.

I never said anything about ordinary taxes. Don't care.. Raise my tax rate. As long as the market goes up I'm good.

[Steven S. Dallas]

then they wonder why the moderate/liberal wing of the party doesn't trust them

Moderate/Liberal Republicans don't watch Fox News, that's why they're upset. If McCain wins then Fox, Rush, and all those other douchbags take a big step towards irrelevance- one of the more positive aspects of a McCain presidency. Almost makes me hope he wins. Almost.

[lemon boy]

I never said anything about ordinary taxes. Don't care.. Raise my tax rate. As long as the market goes up I'm good.

[Cono Este]

For McCain, it comes down to who he pick for his running mate. He can go right or he can go left. i would imagine that would be the deal breaker for alot of republicans.

[4matic]

Hard to argue with that.

Eliminating cap gains and corporate taxes would raise profits for the corporations and encourage investment.

So tell me which candidate would be the best for the market? You have to name one and tell me why.

[PNWbrit]

the sanctity and strength of the financial markets

Sanctity?

What would Jesus short?

[4matic]

What would Jesus short?

I'm certain Jesus was a short term trader..

[summit]

i think the whole idea that you have to energize your base is retarded

capture the middle, capture the whole

[lemon boy]

I never said anything about ordinary taxes. Don't care.. Raise my tax rate. As long as the market goes up I'm good.

To be a little more helpful and a little less sarcastic:

The ideas you're putting forth represent an increibly simplistic view of systems that are amazingly complex and the idea that you could pull lever A and that it will have effect X without effects Y or Z and without moving levers B and C is simply not the way the world works.

Besides, your whole Romney voting premise sucks "long as I get mine, fuck all the rest." Well guess what, that's not how the world works the best and it's not even how the markets work the best.

You've made the mistake of believing that taxes are somehow evil or bad. Take about ten steps back with me, taxes are merely the mechanism by which govt. funds its activities, one kind of tax is not per se better than another and you've made this leap to where it is a specific kind of tax holding the markets back and while I disagree with the premise if you hold to that premise than you're being inconsistent in thinking that raising taxes on individual OI to compensate (go back to step one this will have to happen) will not replace that drag on the economy. So as you can see you've borked the whole thing up. Arguing for all these macro changes to the tax side with no corresponding thought to anything else simply doesn't work. It doesn't have the positive effect you claim AND! it has corresponding negative consequences that you've not bothered to consider. If you sincerely believe that it is the taxes that are holding back the economy in some way then there is only one way to fundamentally reduce them but I'm guessing that you have no idea what that is.

As for candidates and the economy, I don't worry about it much. I think there's some things that they can do that are patently harmful (Bush's policies of borrow and spend and brainless war are prime examples) but very little they can do that would be actively positive for the economy. Stable and competent governance is what's IMO best for the economy. Pretty high hurdle though.

For McCain, it comes down to who he pick for his running mate. He can go right or he can go left. i would imagine that would be the deal breaker for alot of republicans.

I think that deal is broke already for the right half of the party. All that's left now to him is to hang onto the center-left and sheer the right clean off.

[rideit]

I'm certain Jesus was a short term trader..

Jesus would have consulted Ezekiel before borrowing from the MacCabees.

[4matic]

"long as I get mine, fuck all the rest." .

I'm tired and bored of worrying about what is best for everyone. No candidate is going to do squat for a middle age, single, upper middle class white guy like me. The ONLY thing I have going for me is my retirement savings.

And you know what.. I'm not saying that a cut in gain and corp taxes is actually a good thing long term but if it's good enough for a two year party in the market and I can bail out. I'm for it. Pure selfishness.

[PNWbrit]

Jesus would have consulted Ezekiel before borrowing from the MacCabees.

In this market? He'd still have got crucified just like the rest of us.

[lemon boy]

I'm not saying that a cut in gain and corp taxes is actually a good thing long term but if it's good enough for a two year party in the market and I can bail out. I'm for it. Pure selfishness.

What if it isn't even good for that though?

What do you think happens when every investor with LTCGs built into their portfolio decides to cash out while there's no tax?
Even if it does have a 2yr benefit and you take all your money out, how does that help you in the long run? Either you invest it or it doesn't earn money.

Your plan sucks from start to finish.

[Tippster]

I'm not saying that a cut in gain and corp taxes is actually a good thing long term but if it's good enough for a two year party in the market and I can bail out. I'm for it. Pure selfishness.

Where will you put your money - in a mattress?

[Danno]

For those treating McCain as a "moderate" or middle of the road guy, please ignore the media spin and explain to me how he has ever been moderate in his politics. If you can do this without mentioning campaign finance reform (his one maverick issue) or his diatribe against the religious right in 2000 (done to try and save a drowning campaign), I will be duly impressed.

[Odin]

For those treating McCain as a "moderate" or middle of the road guy, please ignore the media spin and explain to me how he has ever been moderate in his politics. If you can do this without mentioning campaign finance reform (his one maverick issue) or his diatribe against the religious right in 2000 (done to try and save a drowning campaign), I will be duly impressed.

When asked if he supports vanilla soft serve or chocolate soft serve at McDowells, he looked at the camera, shook his fist and said..... SWIRL!