Dollar plunges tonight following Obama's TV address on debt (unemployment, economy, election)
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Make them pay a 25% tax on those jets when they buy them. There, no loopholes.
Unfortunately taxes for a "sector" on products never work that way. Flashback to the Carter years and the tax on "luxury" boats. It affected the average American trying to buy a weekend ski or fishing boat. Boat sales plunged, many dealers, distributers, and manufacturers closed. End result: lost jobs and less tax revenue.
Does the far left ever learn from failed tax policies encouraged by class warfare?
I noticed how you conveniently left out Boehner speaking...like to cherrypick the data much? Why didn't you attribute declines in dollar value to what he said?
Intelligent people recognize that the dollar fluctuation was more attributable not to the specifics of what Obama or Boehner said, but rather to the apparent disparity in viewpoints expressed - ie, that they seem to be pretty far apart on a solution. That's what the markets don't like.
But intelligent people also wouldn't expect such insight from your hopelessly partisan posts.
it is bad the Canadian doller is 1.06 cents and you #1 trading partnet is Canada and that means everything we ship down south cost more and you have inflation our doller should be on par with the US doller to benifit both countries and it is a bad sign..the only country that is north american raw goods buying is china and that is bad
I noticed how you conveniently left out Boehner speaking...like to cherrypick the data much? Why didn't you attribute declines in dollar value to what he said?
Intelligent people recognize that the dollar fluctuation was more attributable not to the specifics of what Obama or Boehner said, but rather to the apparent disparity in viewpoints expressed - ie, that they seem to be pretty far apart on a solution. That's what the markets don't like.
But intelligent people also wouldn't expect such insight from your hopelessly partisan posts.
Reading comprehension: markets hate indecision. Was something about that unclear to you? I expect people to actually read the linked articles than for me to type out a summary.
If the market doesn't take a huge dip this week, then even they knew this was nothing more than politics.
If the market went up 5% but the dollar falls 5% it is a wash.
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