5 Reasons Wall Street Is Worried

Pajamas Media ^ | March 7 | Victor Davis Hanson

[AJKauf]

1) The proverbial Wall Street capitalists believe that, with new federal income tax rates, the removal of FICA ceilings, increases in capital gains rates, decreases in deductions, and simultaneous tax raises, not only will Obama remove incentives for innovation and productivity, but that he does not seem to care about—or perhaps appreciate—he consequences?

2) On the spending side, investors see too many subsidies and entitlements that may Europeanize the populace and erode incentives, while creating so much debt that in the next decade, should interest rates rise, the federal budget will be consumed with servicing borrowing and entitlement obligations. A redistributive economy in which government ensures an equality of result is Wall Street’s worst nightmare. Debt can only be paid back by floating more foreign debt, issuing more US bonds at home, raising taxes, or printing money—all bad options in the mind of the investor.

3) Too many are beginning to think Obama is, well, a naïf—and hence dangerous. He chest-thumps speeches Geithner cannot deliver. He says we are near the Great Depression—but then, after the stimulus..

[silverleaf]

FICA ceilings are removed?

[Carley]

TAXES TAXES TAXES

= PUNISHING THE WORKERS

=REWARDING THE NON PRODUCERS

[EagleUSA]

Too many are beginning to think Obama is, well, a naïf—and hence dangerous.
::::::::::
To ANYONE that realized who and what he is, and what is agenda is, he is DANGEROUS. He is DISASTEROUS. He is a Marxist with a hate for American prosperity, strength and capitalism. He HATES AMERICA and the achievers in it.

[xcamel]

1) Socialism
2) Socialism
3) Socialism
4) Socialism
5) Socialism

[stylin_geek]

Yeah, beyond a certain point, FICA is not collected. I think the ceiling is around $110,000 but not sure.

President Obama is planning to remove that ceiling.

Which is ridiculous, because people making over $110,000 will never get back from Social Security what they will have paid into it.

Heck, I don’t make near that amount I know I won’t get back from SS near what I’ve paid into it.

[txnativegop]

sucks doesn’t it?

[RayChuang88]

One more reason for tagline.

And I mean it, too. The most corrupt part of the US government is how we allow lobbyists to modify the Internal Revenue Code to support even the most narrow of constituencies and causes unprecedented economic consequences.

[silverleaf]

I know it goes up every year- but total removal is a huge new tax on the upper middle class

A lot more tax on people making a lot less than $250K

OBam and O Biden WHAT A PAIR of LIARs

[Bloody Sam Roberts]

The biggest reason to worry:

After all is said and done, in about another year, the percentage of people in this country who do not pay taxes will have increased from about 30-38% to almost 50% or better.

The tipping point has been reached as the Dems have succeeded in creating a Super Majority voting block and will never be able to be voted out of office. This was their plan all along I fear. We've been had.

[umgud]

I’m watching the markets closely to decide when to jump back in. My worry isn’t whether stocks will ever go back up, it is worrying about picking a stock from a company that might not survive.

[TAdams8591]

"The proverbial Wall Street capitalists believe that, with new federal income tax rates, the removal of FICA ceilings, increases in capital gains rates, decreases in deductions, and simultaneous tax raises, not only will Obama remove incentives for innovation and productivity, but that he does not seem to care about—or perhaps appreciate—he consequences?"

Obama knows nothing about the conditions necessary to fix and grow an economy. But he full well knows how to destroy one. He knows his anti-stimulus package will do exactly that. The destruction of the economy and a free America is his goal. His actions are deliberate and outright treasonous. And people had better wake up and realize it.

[edcoil]

I said this before the election. Yes it was in his plan so his comment the no one under 250,000 would get a tax increase was always a lie.

[null and void]

Heck, I don’t make near that amount I know I won’t get back from SS near what I’ve paid into it.

Trust me, you'll get back every penny you ever put in plus interest.

Right now 0bama feasts on $100/lb Wagu beef.

Soon you'll feast on a $100 Quarter Pounder®...

[edcoil]

Anyone with an ounce of brains was out of the market 2,500 points ago. The problem is those that have 401K that cannot get out. The brokers are making money trading these down and people are losing them - most of the employees where I work have asked to close their 401K and move to IRA’s but they have been rejected due to not meeting the requirements.

[Scanian]

To me and a few other people around here, the danger has to do with him trying to drive down the market so that the government can nationalize the corporations of their choice at cut-rate prices. That theory seems to corrolate well with Zer0’s behavior. Socialism to the max.

[smokingfrog]

Five reasons Wall Street is worried.

1. O
2. B
3. A
4. M
5. A

[scooby321]

Zero's economic Policy = The father of a college co-ed says Dad how come your not voting for Obama? He asked her how her classes were going. She said 4.0 taking the hardest classes and studying every night. Then he asked how her friend was doing? She said , she is the social girl at school never studies, takes the easiest classes and barely able to stay in School academically.

The Dad suggested she should talk to the Dean at School and give her friend some of her grades and class credits.

She said Dad I worked hard for those grades, why would I do that?

He said that is the Obama plan.

[Bobalu]

[genghis]

6-cap and trade
7-nationalize health care
8-trade wars
9-any war-as bad as his domestic policy is his foreign policy is worse.
10-it doesn’t matter to ZerO that the market has tanked 40% since he was elected.
11-giving money to european banks from american coffers.
I don’t think this list is finite.