Obama’s Already Having An Impact On The Market

• October 20, 2008

Expect more of this, especially if Obama gets elected:

MIAMI GARDENS — By the end of the year, an NFL source said Sunday, Dolphins co-owner Wayne Huizenga would like to sell all but a small percentage of the team to real estate mogul Stephen M. Ross, who already owns the club and stadium 50-50 with Huizenga. . . .
Huizenga wants to sell Ross another 45 percent of the team by Dec. 30, the source told The Palm Beach Post. Huizenga is believed to be motivated by his belief that Barack Obama will win the presidency and help implement tax policies that would take a bigger chunk of Huizenga’s revenues from a sale.

Sell-offs like this aren’t good for the market, especially with what’s going on in the credit markets, but more of them are going to happen as people try to take profits before Obama jacks up tax rates.
And it won’t just be billionaire owners of sports franchises anyway. Average investors will be doing it too, and the actions of the crowd will have a lot more impact.

Tags: Politics

http://emilyscraziness.blogspot.com/ Emily

I know that hubby and I are planning to buy another gun before the election, just in case Obama wins and manages to make them much more difficult to obtain, or in case prices go up because people expect he will.

I’ve also been considering rolling over my 401k to an IRA through our credit union, and will probably do so within a few months of the new year.
http://ndgoon.blogspot.com/ goon

I know that hubby and I are planning to buy another gun before the election, just in case Obama wins and manages to make them much more difficult to obtain, or in case prices go up because people expect he will.

I’ve also been considering rolling over my 401k to an IRA through our credit union, and will probably do so within a few months of the new year.

I am buying a hand gun as well because I don’t trust NOBAMA with guns…
http://ndgoon.blogspot.com/ goon

The Market is very scared of NOBAMA…
Eneils Bailey

Expect more of this, especially if Obama gets elected:

The stock market will fall to new lows.
The unemployment rate will accelerate to new highs.
Corporations will move more operations off shore.
Dog food will become accepted as gourmet dining.
Gasoline will be more expensive than EVOO.
Yugos will become luxury cars.
If it cost a nickel to go around the world, you would not get outta sight.
Jimmy Carter will become an economic genius.
Bareback Oboommer will channel Lenin, Stalin and Mao into the Oval office.
It will become a Federal hate crime to use Oboomer’s middle name.
Everyone will own a home, or at least, part of yours.
The only news channels on radio or TV will be the BHO channel.
Nancy Peloosi gets another face lift.
Harry Reid gets his first set of balls, compliments of Nancy Peloosi.
The Supreme Court becomes a liberal game show; “Make That Appeal.”
Michelle Oboomer will host a cooking show: “How Welfare Recipients can live off steak and lobster for $325.00 a day.”
James

You can’t tax your way out of a recession!
Eagle Eye

When Dell computers came to Austin Texas while Bush was governor, They received Tax Breaks for creating Thousand’s of Job’s. Then the democrats took over power and took away those incentives. Look into where They moved to. Same thing with Auto makers, Why did they leave Michigan?
JPGR

Emily/Goon: Me too. I have never owned a gun of any kind, but have considered it since my kids moved out. I plan on getting one before the end of the year, Obama is lying about his 2nd amendment goals…all you have to do is look at the way he voted in the state senate. (same goes for abortion)
Paul
http://sayanythingblog.com robport

All Americans should be scared about what Obama will do to their income in general.
WOOFX

Average people’s profits from what?
Selling their houses , their stock?

as people try to take profits

Think losses on the equities and no tax on their homes.

SayAnythingBlog.com

Obama’s Already Having An Impact On The Market

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