Stocks turn higher on Wall Street, halting slump prompted by fear of political gridlock

There are 1 comment on the Nov 9, 2012, The Washington Post story titled Stocks turn higher on Wall Street, halting slump prompted by fear of political gridlock. In it, The Washington Post reports that:

Stocks turned higher on Wall Street Friday, reversing an early loss. The advance halted two days of declines caused by concern that political wrangling in Washington could push the U.S. economy back into recession.

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“It's Time to Defeat Terrorism ”

Since: May 11


#1 Nov 9, 2012
Obama keeps talking today about taxing the ‘rich’ that make $250,000 to cover the Middle food stamps class and the student loans. The defeat of the GOP has consequences and GOP will not stand up for the ‘rich’. John Boehner already hinted that he will not prevent tax rising on the rich that make more than $250,000. However, this will not bring more revenues because many ‘rich’ guys will try to reduce their income to below the limit to prevent the Obama’s out of control tax. The result is similar to other socialistic regimes around the world where people reduce their effort to minimum because the communist dictator desires to take it for his food stamps and voluntarily disabled and unemployed voters. John Boehner looked very small after the defeat of Romney who lost his conservative base when he was chasing the liberals with stupid offer of jobs to those who do not want to work. Therefore Boehner will not stand up to Obama who wants to ‘punish the rich’ that makes $250,000 for their success. The result is the continuous sinking of America to become socialistic welfare regime for the poor and parasites that will live on Obama’s free checks and food stamps and those who will not pay their student loans rather than take any job available.

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