The last time we heard a tax and spend liberal promise tax cuts, we got the biggest tax increase in history. We were lucky to experience extreme growth in dot com and tech, but the same lies up front to swoon the masses. I don't need a brain, just 20 second sound bites to form my views.
Doesnt he already have all the support he needs from every single television outlet and national and local newspaper in the country. They all got thier heads up his ass. actually it is more like they will have thier heads up anyones ass that isnt republican. EF
Everyone was tired of us going down so we went up? Besides, it makes for much more fanfare when it falters next time, and Obama gets to have his "change" because people are increasingly convinced the world really is messed up after all.
Markets did not care when we had higher taxes during Clinton years. The Chinese govt. lowered the taxes few months ago but the Chinese market stiil went down. If the taxes are 100% then there is no incentive to work hard but even at 50% people will work hard.
The biggest worry is the House and Senate going Democrat if Obama wins. Then the markets will go down forever! OK, just kidding, relax. Actually I'm a firm believer that having Congress and the President from different parties is best. It should mean that neither can create much more government which they both do now despite the Rep.'s mantra of less government. If Obama gets in I think he will be the beneficiary of this selloff, which maybe related to the likely potential of his presidency, in that most likely it will be up and potentially quite a bit during his term. This simply due to where we have dropped to now. I think he is toxic to Capitalism, but sadly so has George Bush been. We have a much larger government since george dropped in and it is really sad how our country is becoming like every other major power throughout history. The Pols take over and make themselves mightier and richer and create more bureacracy to maintain their own power. I believe we are a great country that has done much good for the world, despite their whining. Get out and vote, put an end to the attempt to turn our country into a Socialist, Marxist state, where the pol's run us into the ground with more and more of the government run "private business" ideas.
If Obama wins and the economy does well, the con-servatives will say it is because of Bush tax cuts and the $600 rebate. The markets and economy did very good under Clinton and they think it is because of Reagan. They seem to forget that there was a crash when Reagan was in office and there was another Republicon president after Reagan. The seed for the current trouble was planted by Reagan and how appropriate it came crashing during W's term.
Look for more red tape and expensive regulation for business. One big issue for business are the lower courts http://online.wsj.com/article/SB122515112102674263.html By the mid-1930s, the U.S. economy appeared to be climbing out of the Great Depression. The Dow Jones Industrial Average (DJIA), which had bottomed out at 41 in 1932, was advancing. It increased 73% from the beginning of 1935 through the end of 1936, when it hit 180. The number of unemployed, 13 million in 1933, dropped to 9.5 million in 1935 and 7.6 million in 1936. Then, in 1937, the DJIA plunged 33% in what is often called "a depression within a depression." Joblessness skyrocketed. A principal factor in the meltdown that year was the U.S. Supreme Court's surprise 5-4 decision in early April to uphold the constitutionality of the Wagner Act, which had passed two years earlier. This measure, which is still the basis of our labor relations regime, authorized union officials to seek and obtain the power to act as the "exclusive" (that is, the monopoly) bargaining agent over all the front-line employees, including union nonmembers as well as members, in a unionized workplace. If the mislabeled "Employee Free Choice Act," becomes law, it will likely have a similar effect on the economy as the original Wagner Act, transforming what could have been a recovery into a lengthy, deep recession, or worse. _____________________ More about Obama social court issue...really sad. http://online.wsj.com/article/SB122515067227674187.html
There is a great story going around about Cory the well driller in Texas. A take off on Joe the plumber, and supposedly true. A good rip on Obama and his ACORN crap loan program to people who had no money, no job, no credit history, but could get a loan while a guy with a running business and credit history couldn't get crap. I know, I know, Obama didn't know what was going, just like he doesn't actually know Bill Ayers, even though I believe he wrote an intro in one of Ayers Socialist books and there is tape of his wife intoducing him at some conference. Of course he doesn't know the Rezco guy, even though he played games with the property next door for Obama, etc, etc.. And of course he sat through his Sunday services and never knew what his pastor was talking about. Hell, if not knowing anything about all these people and programs despite working with them and knowing them for years doesn't make you fairly incompetent, then I guess nothing does.