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Why does Wall Street love the Dems?
Posted on 10/13/20 at 8:57 pm
Posted on 10/13/20 at 8:57 pm
quote:
Sources tell FOX Business’ Charlie Gasparino that firms and banks are giving almost twice as much to Biden than to Trump.
quote:Fox Business
After the last presidential debate, where Trump's bullying performance was criticized by both Democrats and Republicans, former Goldman Sachs CEO Lloyd Blankfein tweeted: “So far the stock market doesn’t seem too upset at the prospect of Biden winning, despite Trump’s more market friendly policies. Perhaps folks think their stocks and 401(k)s will do better with higher taxes and increased regulation than with nastiness and scorched earth.”
This post was edited on 10/13/20 at 9:01 pm
16
Posted on 10/13/20 at 8:58 pm to TigerVespamon
C..H..I..N..A..
Posted on 10/13/20 at 8:59 pm to TigerVespamon
Corporate welfare.
And with the exception of the Bushes, better chance of a lucrative war.
And with the exception of the Bushes, better chance of a lucrative war.
Posted on 10/13/20 at 8:59 pm to TigerVespamon
Easy.
Dems in power generally means more Federal spending and lending
Federal spending and lending good for market.
Although MAGA is wanting another $1.8T of stimulus so...
Dems in power generally means more Federal spending and lending
Federal spending and lending good for market.
Although MAGA is wanting another $1.8T of stimulus so...
This post was edited on 10/13/20 at 9:02 pm
Posted on 10/13/20 at 9:00 pm to TigerVespamon
Dems drive the military industrial complex.
War is good for business.
War is good for business.
Posted on 10/13/20 at 9:00 pm to TigerVespamon
quote:
Perhaps folks think their stocks and 401(k)s will do better with higher taxes and increased regulation than with nastiness and scorched earth.”
That piece of shite just insulted all of us.
In addition to China, it is also the plain old "I got mine, frick you" philosophy.
Posted on 10/13/20 at 9:02 pm to TigerVespamon
It's all about China. Companies could care less about China's human rights violations and if they keep pressing the "diversity and inclusion" button while paying off the right activists the left will stop kicking and screaming.
Posted on 10/13/20 at 9:05 pm to OchoDedos
quote:
C..H..I..N..A..
AKA Globalism. It’s like the Swamp power brokers back in the 90’s all bought in to selling off the US industrial/manufacturing base to China in the name of corporate profits. Some gullible politicians also had some pipe dream that China would swing ideologically to a more western economic and political model but they were fools. Any semi intelligent man on the streets back in the 90’s could have told you where this idiotic China policy would end up and how it would be detrimental to US superiority.
Posted on 10/13/20 at 9:06 pm to TigerVespamon
Wall Street thrives on volatility.
Big corporations thrive on overbearing government working hand in hand with them to screw the middle class.
Biden has promised to raise middle class taxes and crush upper middle class entrepreneurs, buoying the investor class against competition. They also know he would kill economic protectionism and open American capital to global investment without consequence.
Big corporations thrive on overbearing government working hand in hand with them to screw the middle class.
Biden has promised to raise middle class taxes and crush upper middle class entrepreneurs, buoying the investor class against competition. They also know he would kill economic protectionism and open American capital to global investment without consequence.
Posted on 10/13/20 at 9:09 pm to Muthsera
quote:
Biden has promised to raise middle class taxes and crush upper middle class entrepreneurs, buoying the investor class against competition. They also know he would kill economic protectionism and open American capital to global investment without consequence.
So basically back to allowing China to dominate the US economically in the name of short term profits.
Posted on 10/13/20 at 9:10 pm to OchoDedos
Companies typically derive a majority of their profits from foreign markets, hence Wall Streets love of Democrats.
Posted on 10/13/20 at 9:10 pm to TigerVespamon
I started a thread on this a few days ago. While I get the ideas that have been put forth in this thread, it’s still somewhat surprising to me considering Dems are the party of Pocahontas, Bernie, and Occupy. There is a big segment of Dems who blindly hate banks and corporations. But I guess those Dems aren’t the ones pulling the strings.
Posted on 10/13/20 at 9:15 pm to TakingStock
quote:
Companies typically derive a majority of their profits from foreign markets, hence Wall Streets love of Democrats.
It’s also why the Wall Street types and technocrats are generally ok with a liberal immigration policy which includes illegal immigrants.....pretty much open borders.
Posted on 10/13/20 at 9:16 pm to TigerVespamon
Upward shift of power and regulation. Would you rather lobby Washington to get what you need or 10,000 parish presidents and mayors?? It’s a no brainer. Consolidate power and money upward, dribble federal funds downward and create addict local governments and then get whatever you want. I mean look at Latoya today in BR begging, BEGGING for money. So sad.
Posted on 10/13/20 at 9:16 pm to TigerVespamon
Democrats like added regulation across all industries. Those regulations tend to be derived with the help of the biggest players in those industries. In the end, the large players are the only ones that can afford to comply with new regulation and they mitigate the new expenses by adding market share when smaller competitors go out of business.
Posted on 10/13/20 at 9:17 pm to gthog61
quote:People who have 401(k)s know better. Higher taxes on businesses combined with the out of control COVID related spending will kill the gains of the last four years in peoples retirement plans.
That piece of shite just insulted all of us.
quote:
it is also the plain old "I got mine, frick you" philosophy.
Posted on 10/13/20 at 9:18 pm to TigerVespamon
Corporate welfare and regulatory capture.
Posted on 10/13/20 at 9:26 pm to TigerVespamon
Wall Street could not care less which party wins the executive branch. They want to know the policy. When that's known then investments can be created to produce a profit. But, ultimately the market hates uncertainty, I've been in the biz since 1999 and I've seen them do it, These guys are freakin smart and money can be made regardless.
Posted on 10/13/20 at 9:31 pm to TigerVespamon
Which party is all in for "World police"?
M.I.C.
I'll trust Ike on this one.
M.I.C.
I'll trust Ike on this one.
Posted on 10/13/20 at 9:34 pm to goatmilker
quote:
Biden has promised to raise middle class taxes and crush upper middle class entrepreneurs, buoying the investor class against competition
Didn't see that in his tax plan proposal. I'm genuinely interested in this. Could you post a link, since it would challenge his claim that he wouldn't raise taxes for anyone making under $400,000.
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