Dick Morris: As Clinton win becomes "more likely," "there's going to be a stock market crash"
During the October 1 edition of Fox News' Hannity & Colmes, Fox News contributor and nationally syndicated columnist Dick Morris said of Sen. Hillary Rodham Clinton (D-NY): "You know, one of the things that I think needs to be said about Hillary Clinton -- and I want to say it now -- is that if she is elected president, one of the first things she's going to do is either double the capital gains tax, so it's 30 percent, not 15, or repeal it entirely so it's ordinary income taxed at 40, because that will be the new rate." Morris continued: "As her election gets closer, as it becomes more likely she's going to win, there's going to be a stock market crash. And when she wins, it's going to be Black Wednesday, because what's going to happen is that Americans will want to sell their stocks so they can get 15 percent tax, not 30 percent tax."
From the October 1 edition of Fox News' Hannity & Colmes:
ALAN COLMES (co-host): I want to get back to this mocking Hillary for her laugh, ridiculing her for that. Either she's a dour, cold, and calculating -- with the phrase you used -- or you're going to ridicule her for laughing. So this is a no-win situation for her. Let me just finish, and then I'll give you a chance to respond. Newt Gingrich coming on the show in a few minutes will say, "You've got to fight this battle ideologically. If you're going to go after Clinton on personal issues, you're going to lose."
MORRIS: Yeah, I think that's absolutely right. You know, one of the things that I think needs to be said about Hillary Clinton -- and I want to say it now -- is that if she is elected president, one of the first things she's going to do is either double the capital gains tax, so it's 30 percent, not 15, or repeal it entirely so it's ordinary income taxed at 40, because that will be the new rate.
As her election gets closer, as it becomes more likely she's going to win, there's going to be a stock market crash. And when she wins, it's going to be Black Wednesday, because what's going to happen is that Americans will want to sell their stocks so they can get 15 percent tax, not 30 percent tax.
COLMES: All right, so you're predicting a stock market crash based on what Hillary's going to do. Now, it's fair to debate capital gains. That's a fair debate. But you want to make the issue about a calculated laugh and make that and ridicule her for that, that's not going to help Republicans win.
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Has Hillary actually laid out her intentions with regard to capital gains? I'm a little disappointed that MMFA didn't include any contradictory statements from Hillary herself, as they have done before. Is there something missing here?
I'm with you Pete, what is her stated position on this issue? Will she raise the taxes on capital gains? Has she emphatically said either way?
Maybe she will let everyone know at her leisure. Or whenever the hell she wants to let them know? But now that Dick said what would happen, why tell anyone? Just believe him.
If Hillary wins and the stock market doesn't crash, do we get to hang Dick Morris by his short n' curlies?
When do these dipsticks get to be held accountable for their absurd predictions?
Any ballplayer with a batting average like Malkin's, Morris', O'Reilly's, Krauthammer's, Kristol's, et al would have been benched or sent back to the minors long ago. And yet we conTINue to see their pinched little faces and huge foreheads on TV night after night (usually on Fox).
I thought the Republicans were the "party of personal responsibility"...
Given her previous statements about "taking things away for the common good," taking profits away from evil corporations, and the like, I won't be too surprisd to see the stock market act warily to a Hillary presidency. There is no bias here, MMFA. Any capitalist entity (or a collection of entities) has good reason to be scared of a big-government socialist (AKA "Progressive.")
strandelgy enough - there was very little on line about this except for this column from US News and opinions from a top political analyst at the stanford group:
"She tops most Democratic primary polls, she has outraised every other presidential candidate, and she's even the top choice in the online betting markets to be our next commander in chief. So if you're a political junkie, you can't help but wonder, "What would a Hillary Clinton presidency look like?"
Indeed, Greg Valliere, top political analyst at the Stanford Group, a Washington, D.C.-based institutional research firm for Wall Street's big-money crowd, has pondered just that question. And here is a bit of what the supersavvy Valliere and his team have come up with–a year and a half before Election Day 2008:
Taxes. "The individual rate structure enacted under President George W. Bush, with a 35 percent cap, would be under great jeopardy." Valliere thinks the top rate will be raised to just under 40 percent. The 15 percent top rate on capital gains and dividends might get bumped up a bit, but he thinks that a President Edwards or Obama would push them higher. Interestingly, he speculates that the budget deficit could be close to zero in the fiscal year that starts on Oct. 1, 2007."
full article at http://www.usnews.com/blogs/capital-commerce/2007/4/4/what-president-hillary-clinton-might-mean-for.html
nothing to pertinent there. Funny how questions about religion have come up at basically every debate, but nothing about capital gains taxes that I could find. Hmmmmmmmm.
She can't even make up her mind about Iraq or Iran.
Taxes? Don't ask, don't tell is probably her motto.
But she does want to give every kid born in the USA $5000. ::eye roll::
Hey Jeter, look on the bright side. With black wednesday came lots of jumpers. Maybe your party's ranks will thin out a few of those mad right wingers that hijacked your party! ;)
Both sides need a purge.
considering that 90% of the current investigations are about republicans, I'd say some ex-lax is in order.
Hey Jeter, look on the bright side. With black wednesday came lots of jumpers. Maybe your party's ranks will thin out a few of those mad right wingers that hijacked your party! ;)
LOL
Bad doggy Snoopy ;-)
And at the current rate of (Illegal) immigration, that bill would a utter failure in a matter of years.
Well it looks as though Morris may not be far off. Clinton is apparently in favor of letting Bush's 2001 tax cuts expire in 2010, meaning for investors the cap tax rate would be 20%, and for dividends it would be 30%, or higher.
His "stock market crash" the day after the election may be a little fear-mongering, but his facts may not be.
From what I remember Hillary is for pushing back the Bush tax cuts only on the top earners. I have heard nothing about other tax cuts like capital gains.
SAVE DEMOCRACY, VOTE FOR A DEMOCRAT!!
I figured it out, why Dick hates the Clinton's some much. I mean he is like that "chubby never did well" with an attitude in school, allways with the worst to say about the same person they percieve they have license to mistreat. They find their worth in heckling with the croud, afraid to stand alone.
But, aside from the obvious pathetic bullying mentality that is pervasive in the Republican Punditry, I think Dick's disturbance runs deeper!! I think Dick has a thing for Hillary! Unrequited love, lust rather, and a vile disdain for Bill for having cheated on his object of lust!!
Poor Dick needed to Dick a prostitute instead and was caught with his Dick in his hand!!
Tragic American Putz Love Story from the Republican Punditry! Not exactly a Greek Tragedy, or Made for Hollywood, but pure Beltway Raunch!
Happy Thoughts;
Dan Grady
P.S. : Pete, Hillary has stated that along with his husband believe the original taxation they put in place with the Republican Senate in 1998 would be the levels needed to restore the deficit, and eventually Medicare & Social Security Trust Funds to their proper benefit levels. Had the 2001 surpluses been used for Medicare & Soc. Sec. and the deficit that both would have been restored by 2006!
"along with his husband" HER HUSBAND!
Hillary needs all the money she can get for her social programs, programs that have failed in the past and will fail in the future. At one time this country had a 94% tax bracket, it's her dream to bring those days back.
She, like most liberals, consider anyone with an investment portfolio to be the enemy. A 60% capital gains rate wouldn't surprise anyone. The Kennedy's have billions invested outside the US, I don't have billions but I do what the Kennedy's do.
Hannity just came on the radio, now I can finally get the truth.
I think there is going to be a new show on FOX, called the "Fear Factor" staring Dick Morris. Now he is an economic brain?
I think "Fear Factory" would be more fitting.
ZING!
Good one.
High-five...
"Fear Factory: your source for manufactured controversy"
She will also increase the phoney effects of golbal warming. Cause earthquakes, famine, ethnic cleansing, high stool. delayed borgorigmous, shortness of pants and vishnu.
Don't forget there will also be a terrorist attack if we elect Hillary like Osama Bin Laden wants us to.
And lost socks.
The Clintons are totally responsible for all lost socks.
This is a new one. Got to give the Cons credit for their paranoia about Sen. Clinton. I heard that the sky would also fall and that Dick Morris would admit he tells the truth.
Here we go again. The myth that, if billionaires have to pay taxes on their investments, they'll just stick their money in a jar and bury it in the back yard. How in hell did the nation survive before George W. Bush's tax cuts? I'd say it was a miracle, but Pat Robertson assures me that God turned his back on the U.S. back in 1963.
I can predict the future...
Everything economically good that happens during Hillary's term will be because "she inherited a rebounding economy from Bush".
Should Hillary have a Republican successor, everything economically bad that happens after Hillary's term will be because her successor "inherited a dying economy from Hillary".
;-)
Madame Cleo,
The only thing your crystal ball missed is that Hillary will lose the election. ;-)
Nah, you misread that. It's gonna be a clinton/obama ticket, garanteed to drive the rabid right into a collective heart attack.
I think a Limbaugh/O'Reilly ticket would give the Dems a battle. Or would it have to be O'Reilly/Limbaugh? AA, we must all agree that it seems like election day about 13 months from now. And we can all be friends until then and after the election. Except for Dick Morris, he'll still be crying in his beer about not being invited on Dancing with the Stars. No explanation needed.
Two funny replies (so far...) Thanks for the laughs.
Clinton will lose?
To Giuliani?
Yeah, good luck with that.
I've noticed the same phenomenon. Everything bad that happens during a Democratic administration is the fault of that administration...yet, everything good is the result of the previous Republican President's policies. Everything good that happens during the Republican administration is, miraculously, the instant result of that administration's policies.
The greatest illustration of this economic principle is that all of the prosperity during the Clinton years was a delayed reaction to Reagan's policies, enacted 12 years before. However, the recovery that happened during W's term was the instant result of his tax cuts! Isn't it amazing how that works?
I love it!
They're still smarting about it over there at Fox News Channel, that Mrs. Clinton laughed right in their faces, on their own "news channel".
And I see behind this morris guy (surrounding him it seems) is a screen-capture of Mrs. Clinton in the middle of a Guffaw (those Foxes probably sifted through a hundred separate frames, before deciding on the one they thought made Mrs. Clinton look worst).
There's a number of words that come to mind here: vindictive and small-minded, that's what describes Fox's response to being laughed at, on their own "news channel"
Another is magnanimous, which describes what Fox is NOT.
Magnanimous is a strange word, but a cool thing to be: One of the characteristics of magnanimity, is to laugh at your opponent, right in their face LAUGH...
...and the more they squirm and look agitated and sour, under the onslaught of LAUGHTER
...and the more small-minded and vindictive they seem to become, as a result of being LAUGHED at right in their faces...
Then the more you LAUGH.
I love it.
Mrs. Clinton demonstrated magnanimity to a great degree, by her laughter.
Fox now demonstrates just the opposite, by their response.
(Small-mindedness and vindictiveness are the only words that come immediately to mind, as antonyms to magnanimous.)
Face facts... Hillary isn't winning anything.
Why is that a "fact"?
She is a phony.
She voted to build a wall between here and mexico, yet claims recently the bush admin is spreading hate and fear within the immigrant population for failling to get the immigration bill passed. When asked why she voted for the wall, she says for Terrorism reasons. Now come on... That is a tactic of the right.(Lies) She is little to no different then bush.
Wait a second.
I thought Clinton was a far-left socialist, or some kind of pinko commie. At least, that's what we've been hearing from the wingnuts for the last 15 years.
Now she's "no different than bush"?
I'm so confused.
(Actually, I'm being snarky obviously. I've been saying for over 10 years that both Bill AND Hillary Clinton are two of the most conservative Dems in Washington.)
Happy Hillary came clean and admitted she helped started this, MEDIA MATTERS. What was she thinking about?
Rush told you so. Everyone is still waiting for a link. Mr. Edit lies at times....sorry, he omits things .
http://www.youtube.com/watch?v=jbzC6-N9mwM
relevent portion is at 2:20
Relevant?
Really?
I find nothing relevant about that video clip. What's it to ya if Clinton claims to have contributed to MMFA's development?
Doze,
Welcome to the newest right wing talking point. MMFA has got some traction against there two prize pigs and they've turned their guns on this site. The impression will be that MMFA is just another arm of the Clinton machine, which you are well aware of based on your qualifier that she claimed to contribute. I hope she did, I feel it was a more than worthy cause. Keep fightin the good fight.
I doubt we'll see a "crash" as Morris describes it...although I think we would see a negative effect on the markets should she dictate a major change to the capital gains system. She's too smart to be personally responsible for something that would amount to "crash" though, so have no fear.
Oh look, another Hillary prediction from the Amazing Kreskin Morris. He has predicted that Hillary wouldn't run for the senate in 2000, then that she would run and lose. He then wrongly predicted that she would face a "nightmare" challenge from the gaffe-prone Jeanine Piro in 2006. He also dedicated an entire book to how 2008 would be a Hillary versus Condi match. Now he's predicting a stockmarket crash. Learn from the masters like Nostradamus, Dick, and at least learn to dress up your predictions in quatrains and virgilianized syntax; you have more deniability that way.
Morris' psychic abilities are only rivaled by those of William Kristol. I think they're both pretty close to 100% wrong.
Now let me make a prediction.
( *gazing into space, entering trance*)
Dick Morris will appear on Fox in the near future. He will mention a name. I see a name that begins with "C", a name that rhymes with "Flinton".Dick will predict the end of the world, and connect it to this entity.Dick will remain in the closet, and he will never recover from his schoolgirl crush on the one he calls "Bill".
If this doesn't prove accurate, I will admit my powers are worthless.
I consulted last night with noted psychic, Dr. Sam Seder...
He confided to me that he had a very clear vision for tonight's O'Reilly Factor:
It's going to start raining Dog Sh#t from the studio ceiling. It won't stop until O'Reilly clears the stage.
Funny, what I thought of when I clicked the video and heard morris's prediction, was Johnny Carson's "Carnac The Magnificent" routine , not the "Amazing Kreskin".
The seer morris Divines that should we return to a Clinton administration of our Federal Government, there'll be a capital markets holocaust (was there such a thing under Mr. Clinton's administration?)
If I had the time and the inclination, I'd manipulate the image of morris, in the screen-shot above, to show him with a big over-sized turban on his head (ala Carnac The Magnificent), with a peacock's feather crowning it, and a big gawdy glass jewel in it also...
...and he'd be wearing a cape, and Ed McMahon would hand him an envelope, and he'd hold it to his forehead, and with closed eyes Divine the answer to whatever question it was, contained in the sealed envelope (it was a very funny routine; Johnny Carson sure did have some hilarious bits!):
Carnac morris: "Loss of money! Loss of income! Tumbling worth! A great and disasterous fall!"
...would be the answer to the unseen question. And upon opening the envelope, Carnac morris would then read to us what question it is, that he just answered...
Carnac: "What will happen to hacks and whores such as dick morris at Fox, if Sen. Clinton is elected President?"
Are you capable of posting something that doesn't need to be separated into chapters?
They're called "paragraphs", not chapters.
Oh look, another Hillary prediction from the Amazing Kreskin Morris. He has predicted that Hillary wouldn't run for the senate in 2000, then that she would run and lose. He then wrongly predicted that she would face a "nightmare" challenge from the gaffe-prone Jeanine Piro in 2006. He also dedicated an entire book to how 2008 would be a Hillary versus Condi match. Now he's predicting a stockmarket crash. Learn from the masters like Nostradamus, Dick, and at least learn to dress up your predictions in quatrains and Virgilianized syntax; you have more deniability that way.
Sorry for the double post.
It was worth saying twice. Some Limbaughlians may be here. They have trouble understanding anything the first time through.
Maybe Morris can team up with Pat Robertson...??
Can you imagine the psychic power unleashed by this Dynamic Duo of Dingbats?
Well, at least these right wing prognosticators were right about Iraq.
In order to appeal to the widest swath of voters, Hillary has been polished to the point of dullness. It's triangulation all over again. Don't expect many definitive answers from her campaign.
And it's doubtful that as President she'll do much of anything to upset the status quo.
In other words, Morris is wrong. There won't be any big changes, save for the corrosive effects of modern conservatism will hopefully be momentarily neutralized.
Dick Morris: As Clinton win becomes "more likely," "there's going to be a stock market crash"
Funny how the most devastating post-election stock market crash came right after the 2000 presidential election...
After watching Ken Burns' The War, I'm finding this panic about Hillary Clinton deeply amusing...
If you elect her,... THERE WILL BE A COLLAPSE!!! AUUGGGGHHHHH!!! Puh-lease.
I'm glad to see the Fox perspective on things...which is to say that Fox has no perspective at all. Maybe people who watch Fox will finally begin to see that...though that's unlikely.
But wouldn't an increase in the captial gains tax certainly cause some reaction on the stock market? I think so.
Neil Cavuto makes the same prediction before every election. He also never retracts (e.g. after the Fall 2006 elections) and, strangely enough, never divests his stock portfolio. What will actually happen is that people will sell defense and oil stocks and buy environmentally progressive companies instead. Won't that be terrible.