It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Valhall
reply to post by ararisq
John Galt was the fictional character in Ayn Rand's novel Atlas Shrugged. He shut the motor down to stop the socialization of society. He stopped the indentured servitude of the producing America by turning off the motor that funded and drove it off.
The looters (corrupt politicians) and the moochers (those on the dole from the government) were left with nothing to fuel their socialized economy anymore.
Originally posted by alternateuniverse
History repeats itself. Nixon, Reagan, Clinton, Bush 43, and now Obama. It's actually an insult to those Presidents to place Obama along side them. Presidents always do worse in their second term. I am not optimistic and Obama will have a chance of appointing 5 Supreme Court Justices during his tenor. Stocks are already falling. Obamacare will be fully implemented. There will be even more horrific surprises coming. I just can't wait. And winning with 10 million less votes than last time does not prove you have a mandate. Good luck Obama.
Stocks opened sharply lower Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe resurfaced.
This is just the beginning. We deserve it.
Stocks Tumble 1% Amid 'Fiscal Cliff,' EU Fears By: JeeYeon Park
CNBC.com Writer
(Reuters) - Barack Obama often gets slammed for his stewardship of the U.S. economy, but for stock investors, he's been one of the best presidents since World War Two.
At 1,400, the S&P 500 on Friday was closing in on a four-year high and was up 74 percent since January 20, 2009, the day Obama took office. Not since Dwight Eisenhower's first term has a president had such a strong run for their first term. That rally might be just enough to get Obama re-elected, making him the first sitting president in the post-war era to win a second term with a jobless rate higher than 7.2 percent. "Even though business and corporate sentiment is not good for Obama because they don't think he's been good for the economy, the fact that the market has done very well under him is a positive," said Ethan Siegal, head of The Washington Exchange, which analyzes politics for institutional investors.in.reuters.com...
Originally posted by camaro68ss
I kind of wanted Obama to win because this economy and the world economy will collapse and I would rather it do so under a socialist/ Marxist president then a capitalistic president. Hopefully everyone will get the picture after the SHTF that redistribution dosent work!
Originally posted by FlyersFan
reply to post by Valhall
EXCELLENT book. Ayn Rand was a little strange with the sex stuff in it ... but the book itself was excellent. The storyline was good and the basic message got through loud and clear. ATLAS WILL SHRUG .
Originally posted by DJW001
Anyone sitting in the Oval Office when the sequestrations begin will be held responsible for the uptick in unemployment that will accompany it.
Because people who have skin in the game understand economics. The country voted for higher taxes – including higher capital gains taxes – and more regulation. And so, the stock market reacted rationally, plummeting 350 points in the first two hours of trading. As of 11:35 am ET, the Dow Jones Industrial Average stood at 12,890, 355 points off its opening number. Meanwhile, thousands of people who had just checked their 401Ks lined up at polling stations to try to take their votes back.
And so, the stock market reacted rationally
Originally posted by TTAA2012
Originally posted by DJW001
Anyone sitting in the Oval Office when the sequestrations begin will be held responsible for the uptick in unemployment that will accompany it.
Watch Obama blame Bush. He's good at that.