Happy Obama's second term!
consider the source, lying prevaricating cnbc
Gee! . . . who knew?
The comments made by liberals underneath this article are frightening. They are so ignorant! The guy who thinks returning to Clinto-era tax rates will reduce the deficit is a joke. You could tax all wealthy people at 100% of their income and it would just fund the government for a few days.
People just don’t go into the cattle cars willingly anymore, do they?
Dumped mine, made some dough in spite of taxes and was chastised by my Obamabot broker.
Elections do indeed have consequences!
I have a friend who is a brilliant investment banker. She liquidated all of her stocks, added security to her home, and bought a gun. Gun sales in the US have gone through the roof after elections. We can no longer trust anything or anyone in terms of government, media, or the financial markets. Brace yourselves friends.
My stock is currently at 50% of basis price. No point in selling. Defense stocks will have to make a huge recovery for any kind of capital gains hit.
I primarily sell to businesses. In the past week EVERY business owner I have spoken to (a couple of dozen) has shared their plan for the next four years. The main points seem to be:
1) Generate only enough profit to survive. Since any great increase in profit will be highly taxed, why bother?
2) Hire no one. If you must hire someone, hire a family member or close friend.
3) Fire as many employees as you can to keep in line with objective number one.
4) Purchase only the equipment needed to keep objective #1 in play.
5) Go through your customer list and greatly increase your prices for high maintenance clients.
6) Hope it gets bad enough that we never elect a Democrat President again for generations, but not so bad that you lose your company.