A vicious cycle. Economy gets worse, Obama gathers momentum, higher taxes likely, economy get worse.............. http://www.bloomberg.com/apps/news?pid=20601087&sid=aph.ToGKnv.A&refer=home
Thank God. I'm tired of the budget deficit and the declining purchasing power of the dollar. Historically both the economy and the market have done better under Democratic presidents.
I wonder if people are tired of Liberal Republicans who love to spend spend spend,grow grow grow the government and provide welfare for the Yacht crowd.
Short-fest. Obama is now widening his lead (see link). Go short 1 minute after he puts his hand on the Koran and gets sworn in. Tax increases in a slowdown should cause the market to steadily trend lower. http://online.wsj.com/article/SB122332442918808789.html
If Obama raises taxes within the first two years of his presidency after this 4th quarter and 1st qtr of 09, he'll have bigger balls than any prez in recent memory. I do think he'll raise taxes as soon as he pulls the majority of troops out of Iraq. And the tax rates for upper income brackets and reassignment of dividend/capital gains rates are a slam dunk.
I believe that it was the "punish the republican" vote that gave the congress back to the dems. Guess that one backfired. Or did it? Time will tell.