Yes, there was a credit crisis (which is separate from the stock market), but government announced effective plans to fix it. So why did the stock market crash afterwards?
There are four big reasons why smart investors are causing a stock bear market crash by dumping all their US stocks before Obama becomes President:
1. If by some chance, despite all the burdens listed below that Barry will place on companies, if you still manage to sell a stock for a profit, Barry will double the tax you pay on capital gains.
Therefore, smart investors who had any profits on stocks sold their stocks as soon as the polls turned in Barry’s favor, preferring to pay a smaller current capital gains tax today instead of Barry’s higher tax tomorrow. Even Kelsey Grammer, Frasier, was on TV saying he sold all his stocks as soon as the polls turned in favor of Obama. Don’t believe me? Look at the polling history. The week that McCain’s post-convention lead evaporated and Obama took the lead, the market crash began.
2. Obama made a deal with labor unions to eliminate secret ballots when voting on whether or not to unionize. Also Barry will make the Union Steward the guy who walks up to you and collects your vote in front of him, so they can destroy your car in the parking lots if you vote against the union. This means all businesses will become unionized, further driving up costs, so you will pay a higher price for everything, yes EVERYTHING, and making it even harder for US companies to compete abroad. SO IMPORTS WILL INCREASE, AND EXPORTS AND JOBS WILL GO DOWN.
3. Obama is going to increase income and other taxes on business and eliminate all the loopholes, increasing companies’ costs and further decreasing companies’ ability to compete abroad.
4. Health care. Obama wants all health coverage to equal the health care that Congress has. Barry is such a stupid doofus that he does not realize that the insurance companies give Congress excellent coverage for very low premiums AS A BRIBE!!!! repeat as a bribe!!!
When the insurance companies have to include all those rich benefits in policies for everybody, the insurance companies will have to increase the premiums to cover the high costs, plus profit, plus commissions, plus the bribes/payoffs to Barry and the Democratic party for giving such a windfall proft to the insurance companies. And I guarantee you that Barry will not call for a windfall profits tax on the insurance companies who got him elected.
This will increase already out of control health costs by 30 percent, putting US companies at an even bigger disadvantage competing with foreign companies who have no health care costs at all, zero, because other countries pay socialized health care nationally, without stupidly putting the burden on employers.
All four of these points add greatly, hugely to the costs of running every business in America, so every business will be forced to increase prices to pay for all of Barry’s added costs. That is called inflation. Barry says he will not increase taxes on moderate income families, but his four points above will make everything you buy cost more. Much more.
And given all of the above, there is no reason to own stocks in American Companies.
Obama killed the stock market.
Obama caused the stock market crash and long term bear market.
Obama will kill the US economy.
Barack will give us Change instead of our 401k’s. Pocket change instead of retirement savings.
I found this one on Obama’s secret executive experience: http://ngoldfarb.wordpress.com