General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf the stock market crashes before the election, Romney
will surely win the Presidency; so, what can the Obama admin, and perhaps Bernanke, do to prevent the stock market from crashing?
And before some of you say that a crash won't happen before the election so why worry, many astute market observers say it could, including THOM HARTMANN.
PoliticAverse
(26,366 posts)scheming daemons
(25,487 posts)Thom Hartmann, as he often is, is wrong.
Capt. Obvious
(9,002 posts)dmallind
(10,437 posts)Let's say it drops to 10000 - an extremely unlikely case.
Romney: The Dow lost more than 3000 in the last year under Obama! He's incompetent!
Obama: When I took over it was 7949. That's a 25% increase in under 4 years. How well did the last Republican president do?
Romney: Ermm......
Romney's handlers would cut his mic if he were stupid enough to raise the Dow as a metric for this election under any even vaguely probable scenario.
Safetykitten
(5,162 posts)The economy will do a cliff dive somehere in September or October. What will be floated out there will be a barrage of bailout ads by Romey that will say that we bailed out the banks one time, and Obama wants to do it again. Also his economic policies will be attacked for bringing us full circle to another 2007.
Not saying it's true, not saying it's correct, but people will believe it. Lots of people.
DCKit
(18,541 posts)and they'll back off.
They got a free pass ONCE, they won't get it again.
cbdo2007
(9,213 posts)The only reason anyone is saying there will be are those who want Romney to win and are putting fear into people. Any intelligent market watcher knows this.
summerschild
(725 posts)to hurt the economy and defeat Obama. I believe they also intend to use it as a chip to prevent the expiration of Bush tax cuts.
Sabotage is too kind a word. Treason is more appropriate, IMHO.
I just grabbed a quick Google reference, but everybody remembers this from our last go-round:
http://www.huffingtonpost.com/2011/07/25/debt-ceiling-stock-market_n_908351.html
U.S. stock market futures shuddered Monday, and Asian and European stocks dropped, as federal policymakers still had not come to an agreement to raise the nation's debt ceiling and avoid default. Investors shunned risky assets and moved money toward safety. The tremors, though relatively muted for now, suggest that anxiety about the ongoing stalemate in Washington has crept into markets worldwide, dampening economic prospects as the reliability of the world's most rock-solid credit has been called into doubt.
rusty fender
(3,428 posts)the Repukes would like the stock market to crash, and that they'll do everything to make that happen, but what can a Prez do to prevent it from happening? I know and everyone here on DU knows that Obama would not be to blame for a crash, but the media, Repukes and whoever is left will blame him and it will cost him the election.
Behind the scenes bailouts before a bank is about to fall? Is this something that can be done without Congress' approval?