General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSeriously. This is the headline. It isn't the Onion.
Romney Presidency Will Boost Economy 'Without Actually Doing Anything,' Mitt Romney Sayshttp://www.huffingtonpost.com/2012/09/17/mitt-romney-leaked-video_n_1891664.html?ref=topbar
But the video also proves that, in addition to perhaps not being the world's smoothest politician, Romney may not be the world's greatest stock-market prognosticator.
In the video, he tells potential donors that the stock market is going to rocket higher once it realizes he's going to win the election. From Mother Jones' transcript of the video:
"They'll probably be looking at what the polls are saying. If it looks like I'm going to win, the markets will be happy. If it looks like the president's going to win, the markets should not be terribly happy."
That's funny, because the polls have been saying pretty much constantly, and moreso lately, that Romney is going to lose. And not only are the polls saying that, but prediction markets are saying the same thing. Wall Street traders, meanwhile, are betting on companies that would thrive under a Democratic president.
Jessy169
(602 posts)Looks like he's working on the chimp smirk that the last Republican president made popular.
bhikkhu
(10,716 posts)...note if you read the article, they were predicting 11 million new jobs over the next 4 years just based on "standard" conditions. That's where the GOP got their big promise of creating jobs - and their plan to actually do nothing.
Anyone who's followed the numbers for any length of time would take a CBO prediction with a grain of salt; they make predictions based on simple formulas, projecting selected rates of growth forward. Very seldom have they actually been correct, and very seldom do the conditions forming the background of their assumption remain unchanged.
nc4bo
(17,651 posts)Romney is delusional, once again it's all about him.
Bernardo de La Paz
(49,001 posts)Marie Marie
(9,999 posts)vomit up his own bullshit.
PA Democrat
(13,225 posts)No wonder he has no concrete plans. He thinks he is a walking miracle.
lunatica
(53,410 posts)The photo made me think of that. He looks like he's talking in belch.
justiceischeap
(14,040 posts)Often, if Wall Street is backing a candidate for President, it seems to me, they start to have greater confidence in the market and the market does better. I recall when it looked like President Obama was going to win, the market started doing better. Since RMoney is so tied in with Wall Street and probably had some guarantees from his buddies there, he was right in saying that, if elected, the market would do better just because he was elected. It has to do with confidence in the potential POTUS and how he'll turn the market around and what I suspect as gaming the industry a bit too.