Saturday, August 18, 2012

13,275.20, it's enough to make the Republicans panic

Six weeks in a row the Dow Jones ran up, not down, not sideways, up.   13,275.20 is just a few points off the high before the financial crisis hit midway into the final year of the last Republican white house.

The higher the market gets the more Rmoney and the millionaires sell how bad things are.  Struggling not to gloat in public, they are riding the second biggest wave of new wealth of their lifetimes.  And with this new wealth comes panic.  Panic these new millions of $'s falling in their laps will cost them another 2 percent in taxes if the GOP can't lie and scare their way into power.  They have no intention in paying the same tax rates of restaurant managers, nurses, or construction workers, there is a special tax rate for these demi-gods, and one for the rest of us.

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Since Ryan joined the ticket to shore up the biggot and female control freak vote for the reichwing, Rmoney has gained in the polls, some areas a couple percent, some he lost a percent, a few polls show big swings, but on average the bump has been less than 2%.  The smallest bump of any recent veep pick.  Traditionally they get a bump during and after the convention.  Bump, that means it is not sustainable.  We can expect it will settle back part way, leaving Obama in a tiny little lead overall.  The Las Vegas bookies raised Rmoneys odds of winning from 31% a week ago to 41% now.  Still not a good bet if you ask me.  Time will tell what happens when the hundreds of millions in GOP adds hit the market, or some world shaking event could also swing things sharply either way.

6 comments:

  1. Fringe:

    Good times are bad times for the GOP.

    ReplyDelete
    Replies
    1. Whit;
      Their accountants are wearing out the adding machines as the second fattest bull market craps velvet bags of gold on their door steps.

      Delete
  2. Darrel,
    Damn you! You post some of the best stuff I have ever read!
    I am pleased I got you into blogging...

    Oh, Dad asked about my friend in Kansas who was with me at Hahn - I kept the stories "clean".

    Bests always,

    Ron

    ReplyDelete
    Replies
    1. Ron;
      Thanks for putting a PG13 version on the market.

      Delete
  3. I'm sure Rush and crew have spun this in the Republicans favor

    ReplyDelete
    Replies
    1. Red Mosquito:
      Rush invents a new reality every day. That must be why he has so many listeners, they can leave their old lives and beliefs behind and start new every time the radio powers up.

      Delete

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