After the Bailout: Is Obama Depressing the Market? (wages, conservative, Americans)

[Pressing-On]

How many investors, I wonder, buy into the theory of economist Peter Morici, hardly a conservative mouthpiece, who says, "Obama's tax and redistribute policies will not resurrect jobs, wages, or the price of stocks in American retirement accounts. Ordinary Americans who have to earn their livings outside the cosseted confines of Wall Street will be not much better off two years from now. In fact, Obama's policies may make economic conditions worse."

But in 1980, we chose to unleash the free market through lower taxes and less regulation. And the stock market boomed, as did the economy. In 2008, we may as a nation choose the opposite path by raising taxes on business, big and small, and on the financial markets through higher capital gains taxes. Also, regulation seems to be the new black. It's like that Seinfeld episode in which George decides to do everything the opposite. Should be an interesting experiment, America.

After the Bailout: Is Obama Depressing the Market? - Capital Commerce (usnews.com)

[teatime]

I think it is. When an idiot candidate wants to tax the crap out of the people/organizations who create jobs and wealth, our economic outlook would be bleak, indeed, if he was elected. And then social unrest would result when it actually sunk in that the candidate of "hope" can't deliver ANYTHING.