Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
1) He's already shown a willingness to eviscerate international trade by abrogating the current treaty terms of NAFTA.
2) He's willing to jack up the tax rate and the capital gains rate.
3) He's willing to spend money like a pimp with a week to live, just like Bush.
Now, how will somebody who spend more than five minutes in economics class feel good about an Obama presidency? I'm curious.
And yet he will be elected president soon. For the likes of me I can't understand why. You can't raise taxes and capital gains in bad economic times. You will kill the real estate market in the U.S. FDR raised taxes during the depression and it back fired on him. All I can say is that government will be in the hands of the democrats. If they mess up it will be on their shoulders. Some thing tells me we are going relive the Carter years. We will see double digit inflations and high interest rates all over again.
I'm going to be actively trading Tuesday and Wednesday. I'm prepared to take advantage of movements in either direction.
There's still some uncertainty to an election (last I saw, Intrade was at 84/16 Obama/McCain, so better than 5:1, but the uncertainty has lingered a little). The stock market is an odd thing. I think it will react favorably to the removal of the uncertainty.
1) He's already shown a willingness to eviscerate international trade by abrogating the current treaty terms of NAFTA.
2) He's willing to jack up the tax rate and the capital gains rate.
3) He's willing to spend money like a pimp with a week to live, just like Bush.
Now, how will somebody who spend more than five minutes in economics class feel good about an Obama presidency? I'm curious.
All sounds good enough -- as long as he does not spend as stupid as Bush.
WHy do people think that the President can do any of these things? It is Congress and the Senate who causes all the trouble, not the pres. I am more concerned about them than the puppet in the White House.
I think a drop is more likely, Obama's tax policies aren't good for businesses. If Obama's elected I think it's highly likely a total collapse will occurr within a year of his election.
Sure they will, more government programs expanded to help people pay them.
Oh yeah that's right, big brother will take care of everyone, how silly of me to forget.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
