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Moderator
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IP:
Quote:
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Originally Posted by TeamOne
ok fine Mim....
the main reason your argument holds no value is that most Americans think that Obama will do a better job at handling the economy (and now the financial crisis), so why would the possibility of him being elected be the catalyst? It would make more sense if people thought McCain was being elected because that's the person less Americans trust with their money and the economy. I know you think that personally Obama's economis plan is bullshit, but the important thing to note is we're talking about the American People, and they disagree with you.
Also, the main catalyst of this crisis and aftermath of the bailout has everything to do with public perception of the situation as much as the "actual cause". What I mean is that if experts all over the place saying "we might be in an economic crisis soon", "the economy is about to fall", etc, that will cause the collapse more than Anything, because when people dont know much about a situation they are more easily persuaded using heuristic cues. Meaning if they see an "expert", Senator, or News Anchor tell them the economy is about to suffer or "this bailout plan sucks", they will be more likely to believe them and act upon it, since most people didnt even really Know what the bailout plan meant and didnt really know Why the economy was failing in the first place.
Shit, Big companies have gone out of Business because of RUMORS that they were about to downsize and/or go bankrupt, rumors that had no value, but people jumped shit anyways..... but with the economy all it takes is for people to think that the economy to fail for it to Actually fail.
btw, McCain will cause a huger national deficit then Obama will... they both will increase it, but McCain's policies will send us farther south... look it up
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The main reason that argument holds no value is because you're presenting the wrong statistic. The fact about 60-65% of Americans think Obama will do better with the economy doesn't address what I said. The statistic that you need, though unfortunately it's unattainable, is the percentage of money that's invested in the stock market that's controlled by Obama supporters. That would tell us something. I know it's unattainable because every second that the market is open that percentage will change. The proportion of Americans who think Obama will do better with the economy is bordering irrelevant because it doesn't tell us anything about the reason for the decrease in the stock market. The ONLY good thing that's come out of this gigantic drop in the stock market (right now the DOW is down 458 to 8,120) is that if Obama gets elected he can't raise taxes. I'm not suggesting or implying that the sole reason the market has dropped is the speculation about who the next president is going to be, but IN MY OPINION, it is a factor.
I agree with you in your next paragraph and I apologize if my first post was misleading. Obviously the stock market has not decreased as much as it has for one sole reason. I think part of it, as you mentioned, has to do with people pretty much saying, "You should be scared." Understandably, that will make people scared. In that sense I think you're right.
And I don't doubt that McCain will increase the national deficit, but right now I'm not worried about national debt. The crisis we're in now has nothing to do with how much national debt we have. The bailout wouldn't have been passed if national debt was a factor, as all it did was substantially increase it. |