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Old 11-02-2008, 11:52 AM
 
Location: Imaginary Figment
11,449 posts, read 14,466,505 times
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Quote:
Originally Posted by Exit MA Now View Post
There may be some truth to this. Most economists I have listened to say one of the big reasons for the sell off in the market is to get out this year while the capital gains tax rate is low, as they know it will be so high next year. From everything Obama has stated he would like to do, it seems like we are headed for Jimmy Carter days again.
I'd bet the market swings up when he wins.
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Old 11-02-2008, 11:54 AM
 
Location: Cary - A great town for me
945 posts, read 1,972,214 times
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Quote:
Originally Posted by SLCPUNK View Post
I'd bet the market swings up when he wins.

Kinda hard not to go up when you are at the bottom.

They already sold everything off in anticipation of him winning. Read some economists reports.
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Old 11-02-2008, 12:03 PM
 
Location: Le Grand, Ca
858 posts, read 1,501,419 times
Reputation: 233
Obamas tax cuts are not economically feasible. He wants to spends trillions.
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Old 11-02-2008, 12:31 PM
 
27,214 posts, read 46,745,966 times
Reputation: 15667
Why do you call it a gaffe...it is most likely to be true!
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Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

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