Bet51987 wrote:Dakatsu wrote:The dude isn't even President yet, I can see charging the current or past president for problems, but how can you charge a future president?
If you hate the person, you can make things up.
Bee
Not made up. You tend to not to understand how Obama's rhetoric affects things. I suspect most of you have forgotten Obama's plan on increasing the capital gains tax. So to anticipate this, stock holders understand they better sell now at a lower tax rate than to wait until Obama takes power and institutes his spread the wealth plan and takes more out of stock holders potential earnings.
So directly as a result of Alfred E Obama's complete lack of knowledge as to how the economy is driven, we are now in the 2nd week of a declining stock market.
For those of you with the equivelent of a 3rd grade education in economics, the value of stocks determines the value of a company. The less percieved value a company has, the less it can borrow to see it thru harder times. Without the capital to meet payroll and expenses, companies then lay off people. If there are only a few companies involved not so much happens. When it happens to large numbers of companies, then recession occurs.
I suspect if Obama really wants to help the economy, he would make a statement that capital gains taxes will be lowered to help improve the stock market. Instead, just like my Jackson MI analogy, Obama, Reid and Pelosi will still try to push their socialist agenda without understand the cause and effect, and thus deepen our recession.
We are now in the 2nd week of Obama's win and the stock market is still going down. Time for Obama and friends to "Change" their socialist views and start telling investors that higher taxes are not on the way. Forget to know who drives the economy will cost us dearly. But then, a good socialist wants more poor people so he has more voters dependent on him and thus easier to control.