OBAMA OR MCCAIN,which ones helps your portfolio the most?

[morf13]

OBAMA OR MCCAIN,which ones helps your stock portfolio the most?And Why?

Ill start.I have alot of stock in companies that explore,and produce oil,gas,coal,offshore drilling,etc.So for me Mccain is in favor of getting energy from within our country,and would help my stocks the most.,while Obama is strictly in favor of taxing oil companies,and looking only for new fuel sources,while disgarding the oil we have already under our feet

[wolf825]

This is like asking which will hurt you the least...crisco or vaseline...either way it goes we're all screwed..

IMO Obama wil give things a bit of a boost from the start...but it will be short lived until folks see that the change isn't really change but confusion and stalling... While McCain will keep things on the downward crash-and-burn spiral of death that Bush has created...

Bubbles are forming right now...credit..energy...more debt...and they will be popping early next year. Lots of folks are getting thru these gas prices by using credit cards not expecting this to last...charging food...gasoline..living... This is going to bite a lot of people cause things are not going to change back or lighten up anytime soon....


-w

[morf13]

Wolf despite the bleak outlook i still got a kick out of the Crisco or Vaseline comment!

[wisconsinstock1]

Originally Posted by morf13

OBAMA OR MCCAIN,which ones helps your stock portfolio the most?And Why?

Ill start.I have alot of stock in companies that explore,and produce oil,gas,coal,offshore drilling,etc.So for me Mccain is in favor of getting energy from within our country,and would help my stocks the most.,while Obama is strictly in favor of taxing oil companies,and looking only for new fuel sources,while disgarding the oil we have already under our feet

Obama look at what you just wrote. Its about time they start taxing oil companys hard their sitting on billions of dollars and profiting on are hardship. They are puting more money in their oil stocks and selling it for profit they are screwing us out of are mind. The fuel of the future is Algae in bio diesel. It would cut off oil dependecy from overseas and reduce global warming by absorbing carbon. Bush has vetoed more enviromental plans since hes been in office than any other president. If your going to blame anyone on offshore drilling blame Bushs father this would have never happened if we didnt start drilling in the 1990's.
There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by Bush's father in 1990. Bush's brother, Jeb, fiercely opposed offshore drilling when he was governor of Florida. What the president now proposes would rescind his father's decision — but the president took the position that Congress has to act first and then he would follow behind.

[morf13]

Bush was just on tv a few weeks ago,saying that he has adjusted his position based on the needs of the country.Although he was against it in the past,he thinks it should be done now based on the hardship we are having.

Alot of Obama supporters are dogging Mccain saying he will be the next Bush,and that he Flip Flopped on the issue of offshore drilling.He didn't flip flop! A flip flop is,you are for abortion one day,and against it the next,its a belief that you have one way or another. On the other hand changing your stance on drilling,to help people that are suffering at the pumps,is the right thing to do,and a choice he made for the good of all americans.The truth is,if you tax the oil companies,they can simply pass it along to the consumer,or just sell less,so they pay less in taxes,then all of a sudden you have gas shortages! Jimmy Carter,as I said,tried this in the 70's and it was a disaster! If you are old enough to remember sitting in lines on odd/even days trying to get gas,was crazy.Its the wrong way to go!

To call Mccain the next Bush,is crazy! He has ventured across the aisles to the democratic side to get things done,and he has the endorsement of alot of democrats and independents.Joe Liberman,for one,who just was a democratic VP candidate a few years ago.He has alot of support from women supporters that used to support Hilary Clinton.

[wisconsinstock1]

Originally Posted by morf13

Bush was just on tv a few weeks ago,saying that he has adjusted his position based on the needs of the country.Although he was against it in the past,he thinks it should be done now based on the hardship we are having.

Alot of Obama supporters are dogging Mccain saying he will be the next Bush,and that he Flip Flopped on the issue of offshore drilling.He didn't flip flop! A flip flop is,you are for abortion one day,and against it the next,its a belief that you have one way or another. On the other hand changing your stance on drilling,to help people that are suffering at the pumps,is the right thing to do,and a choice he made for the good of all americans.The truth is,if you tax the oil companies,they can simply pass it along to the consumer,or just sell less,so they pay less in taxes,then all of a sudden you have gas shortages! Jimmy Carter,as I said,tried this in the 70's and it was a disaster! If you are old enough to remember sitting in lines on odd/even days trying to get gas,was crazy.Its the wrong way to go!

To call Mccain the next Bush,is crazy! He has ventured across the aisles to the democratic side to get things done,and he has the endorsement of alot of democrats and independents.Joe Liberman,for one,who just was a democratic VP candidate a few years ago.He has alot of support from women supporters that used to support Hilary Clinton.

The 1st Part in Bold
Read closely There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by Bush's father in 1990. Bush the president took the position that Congress has to act first and then he would follow behind. He does not want to rewrite his fathers executive order. Hes waiting for congress to lift their position first showing to the public that if hes in such a hurry to do something rewrite your fathers executive order. That is the one of the reasons congress takes another look at this president.

Read where the moneys going
The study found that for the five big international oil companies - ExxonMobil (XOM, Fortune 500), Royal Dutch Shell (RDSA), BP (BP), Chevron (CVX, Fortune 500) and ConocoPhillips (COP, Fortune 500) - spending on share buybacks went from under $10 billion a year in 2003 to nearly $60 billion a year in 2006.
Spending on developing their existing oil fields, however, went from about $35 to $50 billion, while spending on finding new oil fields went from about $6 billion to $10 billion.
A tax will only help us.

As for Mccain he knows drilling is not going to do anything his quote about it is below.

By Carol J. Williams, Los Angeles Times Staff Writer
7:47 PM PDT, June 26, 2008
MIAMI -- Gov. Arnold Schwarzenegger made a veiled swipe at Republican presidential hopeful John McCain on Thursday when he said at a climate conference here that anyone suggesting offshore oil drilling could bring down gas prices was "blowing smoke."

[cvwxk]

I take it you never took economics in school wiconsinstock
Placing a tax on oil companies will only increase the price of gas. Second, throw some faith into the free market. These higher oil prices just drive innovation. There is a reason why OPEC is trying to get oil prices under control. Lastly, I'm so sick of people bitching and wondering what the government is going to do to lower gas prices. Take action, start riding your bike, take public transportation, buy a smaller car. Only way gas prices will actually go down is either increase in supply or decrease in demand.

[mrweekend]

Obama has stated he will raise the capital gains tax from 15% to 30%. This will drive the average investors away from the market ,IMO.

[morf13]

Originally Posted by mrweekend

Obama has stated he will raise the capital gains tax from 15% to 30%. This will drive the average investors away from the market ,IMO.

And that's not all he will raise! Income tax as well. Mr. Obama is a tax and spend Democrat,pure and simple.And Wisconsin,Bush needs congress to act to overturn the offshore drilling ban,he cant do it by himself.

Wisconsin,PLEASE WATCH THIS VIDEO CLIP,and listen to what Bush had to say!

http://www.youtube.com/watch?v=-i2cvro0QBk

[morf13]

Heres another video from an amateur,who knows what he's talking about,and is saying exactly what i said.He did his homework!

http://www.youtube.com/watch?v=6krvGHAKRdg