Anti-Dem Propaganda Watch #17 - "Shock Waves for Stocks If GOP Wins Congress"

[TomCADem]

Here is more corporate media propaganda pushing the narrative that it will all be roses and sunshine if the Republicans take control of Congress. Of course, stock growth was flat under two terms of Bush, but grew during President Obama's two years, but don't let that stop the myth that Republicans are good for the economy.

http://www.bloomberg.com/news/2010-09-20/five-aftershocks-for-stocks-if-gop-wins-congress-john-dorfman.html

A power shift in November favoring Republicans would send shock waves of varying strength through U.S. stock markets. If the GOP regains control of Congress, look for these consequences:

-- Stocks would likely surge for a week or two. Wall Street likes Republicans. And many investors, wary of the large federal deficit, may believe that Congress would try harder to restrain government spending with the GOP in charge of the Senate and House.

-- The stock market might be stronger for the next two years than it otherwise would have been. Stocks historically have performed best when a Democrat occupies the White House and Republicans control Congress, according to Ned Davis Research.

-- Defense stocks would get a boost. Republicans traditionally favor higher military spending than Democrats.

-- Financial stocks might rally. More fiscal restraint, a possible result of a GOP win, would be good for bank stocks in particular.

[DJ13]

1. Congress would try harder to restrain government spending with the GOP in charge

.....because that worked so well between 2001 and 2007.

These fools will say anything to get the GOP back in so they can continue funneling money to corporations.


:banghead:

[sharesunited]

2. U.S. stock markets went into a decline concurrently with the Tea Party protests starting April 15.

As sentiment against Democrats ostensibly became worse over the last six months, the stock market has floundered further, unable to resume its 2009 uptrend.

Concern about austerity freaks seizing control of Congress has been bad for stock prices.

The struggle against deflation is still the uppermost concern of investors.

[Turbineguy]

3. So that's why

the markets did well under Clinton but poorly under Bush. So many polite and imaginative ways of telling us we're stupid. If we would just believe it.

Bank stocks go up? Regulation is most likely the only reason we haven't seen bank runs.

[Atticus]

4. "Wall Street likes Republicans" is pure bullshit. Check this comparison

or do your own research: http://www.associatedcontent.com/article/1574881/stock_market_performance_and_political.html?cat=3

Any way you cut it, Wall Street does MUCH better when we are in power.

Can you say "catapult the propaganda", boys and girls?

[defendandprotect]

5. K&R ---

[BolivarianHero]

6. "Fiscal restraint"

Repukes haven't found a weapon progam, evangelical madrassa, or rich tax cut that they won't fund.