Gah! 12 63.16%

Gnish! 6 31.58%

Gnash! 6 31.58%

Gni! 12 63.16%

Barack Obama has just been elected president, and I'm curious to know what your thoughts are on how his first 100 days in office will play out. If I remember how the poll options work here, I can get this thing to expire after his first 100 days and be automatically bumped back to the front page for our reading enjoyment. So post anything you think may happen, and to help things move along here are some questions that we can measure our predictions with.

What levels with the Dow Jones and other stock markets be at?

Will there be changes with the Iraq troop levels? What do you expect those to be?

What changes will there be in the price of gasoline where you live?

Are there any kinds of bills you think will be passed?


If you have other thoughts, post them if you like. If I am wrong about the polling options then I'll have to rely on my memory to bump this thing. If that's the case then I'd appreciate you all reminding me if I forget.

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I think most if not all of those are impossible to give specific answers for. Who knows. A lot can change between now and January.

There is only one given, which is that gas prices are going to swoop back upwards.

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[16:22] <CA_> a Depression hits
[16:22] <CA_> America is hit by 5 seperate major terrorist attacks
[16:23] <CA_> and the white race is enslaved

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When do I get my free healthcare?

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I don't think there will be any change in the dow jones, troop levels, or the price of gas. Bills passed, I would say an energy bill for sure. Hopefully efca and something for education (different than nclb). I don't know enough about politics to estimate how much can be done in 100 days, I recall fdr having a big plan for his first 100 days but I don't remember much about it.

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Should be an interesting first 100 days. Part of it will depend on how the congress make-up will be. I abstined from watching the overall election coverage tonight, figured it would be broadcasted tomorrow morning when all the election results will be confirmed.

It will continue to have ups and downs - probably swinging 300 to 400 points either way daily/weekly until the swearing in day. Then depending on what type of intial legislation the congress inacts and the president asks for the market could go either way. At the end of the initial period I would predict that the market is at least up from when he first started.

Not in the first 100 days, Obama has stated it will take a certain period of time to complete a withdraw of troops from Iraq, I would image he will attempt to stick to that time table, This depends more on what the Iraqi government does before the end of December then what Obama will do in his initial 100 days.

This has more of a dependency on the supply and demand equation then what Obama does or doesn't due. With consumer confidence down, consumption is also down. As Koga stated most likely it will go up because of the simple fact that we will be in winter and the cost of fuel oil will also impact the overall cost of gasoline.

Several of the bills will be in line with what his campaign promises were, I also expect to see a bill for a tax increase for income above 60K graduated along the lines of 1 to 3 percent from 60K to 100K, 3 to 5 for 100k to 150 K, part of this increase will be the FICA cap will be removed. the 150K to 250k will probable see a 5 to 7% increase in tax rates, above 250K about a 10% increase.

I hope I am wrong about this, but with Obama's stated plan, and the current debt, a tax increase is coming at the Federal level for wage earners above 60K. I think Obama will attempt to limit these increases initially but the budget requirements and his stated campaign plans will required some time of increase in government revenues that will require this increase.

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anarchy

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I bet a brigade or two will have left Iraq, or that the troop withdrawal will have been set in motion but troop levels will not yet have been reduced.

Other than that I'm not sure.

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Heck with that, when will I get my 'Obama bucks'? He promised us money and that PS3 isn't going to buy itself.

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I will redistribute my wealth to you and buy you one to show you rich people how it's done.

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*sigh*

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A politician promised you...when are you going to learn?

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But where should those Obama bucks go? To the poor...

Or invested in Wall Street

Only Mary Poppins knows for sure...

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I predict... not much difference from today.


100 days, that's barely enough time to eat a big plate of spaghetti.

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Obama's win tanked the market more than any other presidential election in history. We saw a 500 point plunge after election day and an additional ~350 point drop the day after that (in fairness O-Day +2 has two more hours of trading left but it doesn't look good). The financial markets clearly did not buy into Obama's centrist hype and the recent job & retail sales reports only hurt matters. Money people are obviously treating Emperor O as for what he really is, the most liberal member of Congress ever to be elected as President.

Although in fairness to the Chosen One this recession has just begun and the market's skittish behavior is to be expected. That credit crisis monster hiding underneath the bed is bigger and meaner than any recession we've faced since the Depression.

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liar! i had 3 big plates last night!

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Or maybe Wall Street is worried he might not be quite so generous with those jolly bail-out terms as President Bush wants to be?

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Or maybe investors and banks were doing their best to keep confidence up until election day, to try to vainly minimize the implications of the economy on the decision voters made?

Conspiracy theories can go two ways. :D

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I was listening to Faux News (Yes, I do it for the lol's) and their business editor (can't remember the name... Cavuto?) said that the stocks also rose far more on election day compared to all preceding election days and hence the drop averaged out at roughly the same as all recent elections. Stocks falling after election day is routine.

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