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  • The Mitt Romney Stock Surge? The debt binge is here to stay [Edit or Delete]0 comments
    Jun 9, 2011 11:20 AM

    One reason why stocks are rallying is because a recent polls puts Romney slightly ahead of Obama in a hypothetical election. Romney’s policies are believed to be more Wall St friendly than Obama’s, and to a certain extent this is true.

    Another reason why stocks are surging is because the debt binge isn’t going away anytime soon. Here is an excellent article explaining why the US will not default

    Obama's approval rating has now fallen to 48% and the disapproval rate is solidly above 50%. Record mortgage foreclosures, job loss, and constantly rising gas prices are hurting him. 40% of respondents say there will be another great depression. Obama can no long blame Bush mainstreet’s woes.

    The economy is the number one issue and Obama is failing on all counts unless you count a booming stock market and record profits & earnings a success. The later won’t keep him the Whitehouse.IBM reporting blowout numbers ain’t gonna fill up the tank or put food on the table. Making matters worse, he's losing independents, the most important voters of all because they decide the fate of the election.

    Even I admit will Mitt Romney will just be another neocon GW Bush clone. The stock market will love this, especially oil producing nations and debt-holders like China and Russia and companies that outsource. 6.2 million Americans have been out of work for six months or longer and Romney and his ‘business experience’ won’t make much of a dent in that figure. Lower corporate and personal taxes, low interest rates and more debt doesn’t lead to job creation when productivity growth and outsourcing is so rampant.

    If Obama is a one-termer the alternative won't be any better; expecting more deficits, more spending more Iraq war, more pain at the pump and all the same stuff we’ve grown accustomed to over the past ten years.

    Fed policy is designed to enrich multinationals and the rich but small biz left out. Small biz has huuuuge borrowing costs at very uncompetitive rates. That’s why commodities and large cap tech stocks are such a great buys. PCLN NFLX UGA GLD SLV BIDU AAPL some of my favorite long term plays

    This article is gives a concise summery of our dystopian two-tiered economic system:

    Buy the dips and make $ 
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