Obama and the economy
Markets hate uncertainty. For the most part, businesses and investors flee volatile situations if the value of their investment is threatened.
Both Wall Street and Main Street hate the uncertainty that exists in the USA's future economic/political situation.
Obama's campaign promised to:
1. Increase Taxes on Dividends
2. Increase Capital Gains Taxes
3. Increase Personal Income Taxes
4. Impose Carbon Taxes on all forms of businesses
5. Enact Card-Check
6. Impose new tougher OSHA penalties on manufacturers
With a laundry list like that, what business owner wants to expand his enterprise? What investor wants to put money into public companies that will be impacted by such legislation and executive orders? Frankly, there's few businesses that won't be effected by at least one of the new Obama ideas.
Only Obama can answer the question as to whether he's seriously considering taking the above steps. Each and every one are "economy killers".
Announcing his decision to step away from these disastrous plans will do more to deliver a "Merry Christmas" than even Santa Claus can perform.
Both Wall Street and Main Street hate the uncertainty that exists in the USA's future economic/political situation.
Obama's campaign promised to:
1. Increase Taxes on Dividends
2. Increase Capital Gains Taxes
3. Increase Personal Income Taxes
4. Impose Carbon Taxes on all forms of businesses
5. Enact Card-Check
6. Impose new tougher OSHA penalties on manufacturers
With a laundry list like that, what business owner wants to expand his enterprise? What investor wants to put money into public companies that will be impacted by such legislation and executive orders? Frankly, there's few businesses that won't be effected by at least one of the new Obama ideas.
Only Obama can answer the question as to whether he's seriously considering taking the above steps. Each and every one are "economy killers".
Announcing his decision to step away from these disastrous plans will do more to deliver a "Merry Christmas" than even Santa Claus can perform.
Bob,
If that is what Christmas is going to be like, then looks like we're all getting lumps of coal (taxed for carbon emissions of course) in our stockings.
But you forgot some stuff:
7. bankrupt the coal industry
8. mandatory work place health care
9. federal funding for abortions
10. federal embryonic stem cell research funding
11. federal ban via executive order on drilling anywhere on land or sea
Here's a question for you. If Obama can replace 2 or more Supreme Court judges with liberal activist replacements, while at the same time crashing the economy with is "economic plan", do you think it is possible that he will nationalize certain industries knowing that he will have the blessing of the High Court? Many, I'm thinking of the banking, airline, and utilities industries.
Reply to this
I think very good post. Thanks for sharing it with me! Last Hidden object and Mah Jong for women, nice Download Free Games patches, and new Racing Games, Balls 2!.
Reply to this