Posted on 10/08/2008 12:00:34 AM PDT by FocusNexus
The Democrat's rhetoric on taxes and health care is frightening people in the investing classes over what critics call 'wealth redistribution.'
Investors this summer have been placing their bets on an Obama presidency, and for the most part that hasn't been good for the market.
It's just that Obama's rhetoric on taxes and health care is scaring common wealthy people with large capital gains from investments made over the past decade, and a lot of them don't want to wait around to see whether it's just populist fluff that might be set aside once he takes office.
Plus, the Democrats who run Congress know that a weaker economy favors their nominee -- and they are loath to pass banking or trade legislation now to improve the nation's industrial standing over fears that it could backfire and give comfort to the Republicans. And finally, there is a well-founded anxiety that one-party rule in Washington for at least the next two years will bring about the sort of abuse of power that has gotten both parties into trouble over the past few decades.
(Excerpt) Read more at articles.moneycentral.msn.com ...
Wait, so crushing taxes and arbitrary regulatory interference are bad things?
Go figure the markets react negatively to impending socialist poverty...
believe it or not, high taxes are the last thing I worry about with Obama. I’m concerned about total control over the means of production. Like under Hugo Chavez.
The market is a forward looking indicator and it is predicting absolute doom, if Obama gets elected.
If governement does take over production, stocks will be worthless - that is what the market is fearing.
well we also have this major hole in the economy as everyone thought freddie was a risk free investment.
Obama revealed again tonight how much he hates de-regulation of our economic machinery.
His jackboots will bring absolute ruination once they push heavier taxes onto American businesses everywhere.
Obama = Economic Destruction
No offense, but I don’t give a crap what Wall Street wants anymore.
How many people here on FR believe that the 800 Billion dollars is going to go to rich "Wall Street Fat Cats"? It isn't. It never was. It was a loan designed to shore up the stability of the banking system and to protect the customers of the banks.
But the media framed the discussion so well that even conservatives believed it, and now a healthy economy that includes a measure of risk is considered a bad thing, and socialism is what we're all going to get instead.
ONE NEWS NOW.com: "POLICE CHAPLAINS RESIGN OVER ANTI-JESUS PRAYER DECREE" by Chad Groening (ARTICLE SNIPPET: "Virginia Democratic Governor Tim Kaine is standing behind the policy that was initiated by his police superintendent, ordering 17 state police chaplains not to refer to Jesus Christ at public events.") (October 7, 2008, 4:00 am)
Welcome to the New Italy and the New Facista....
His socialist policies will destroy what’s left of the economy. This is just bananas that he is leading in polls. He’s conned people into believing it.
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