On Nov 19, 8:56=A0pm, TheLegionsofRome wrote:
> The LOONS say: What about Bush? This is now Obama's baby because the
> market priced the mistakes of Bush into it long ago. The market is in
> crash mode concerned with the economic future of a President Obama.
> Never ever has the market reacted so poorly to the election of a
> president. Obama isn't even president and he is proving to be an
> economic disaster.
You can never be as right as you are now with your analysis on the
economy. In mid-Sept. it was resolute by the pollsters that Obama
would win the general election. With the trepidation of the doubling
of the Capital Gains taxes, added on taxation, and the understanding
that unemployment would rise almost instantaneously following the
election, investors started to cash in now at half the rate that they
would have to pay in an Obama market.
ANY time panics of increase in taxes appear when put forth by an
executive within the government, the speculators go wild. In this case
the president-elect said in no other terms that he was raising taxes,
corporate, market, and Iure you the payroll tax will go as high as
38% - demonstrated since Obama has an all Clinton cabinet at this
time.
If the president-elect would come out and state that he will hold off
on the augment of taxes, capital gains, corporate, and such - you will
see a rebound in the market, which would be a rebound across the
board. He hasn't - and since he hasn't the market is now beingured
that his movement promise of the increase in taxes will come to
culmination.
For those of us who are retired with a secured pension - we're fine.
However, this is what happens when a person is elected based on the
color of his skin and media popularity, opposed to his content and
ideology influences.
For at least the next four years Bush will be blamed for EVERYTHING.
In thirty years when all is looked back upon, there will be a clear
manifestation that Bush did most things right, but the failure of
Obamanites and the rest were the ones who actually caused this down
point in American history. When we are attacked again, and we will be,
these will be the same people who ask "Why do they hate us?=94 opposed
to hit them back hard. When our military is weakened due to budget
cuts proposed by Obama, and layoffs within the arms industry, will
they still blame Bush? Yes they will - but what the hell, they'll have
cars since the Dems will bail them out (auto industry).
Congratulations people - you elected the ruin of a great country!
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