While hordes of mesmerized, hypnotized Obama-worshippers march like sheep into the polls to vote for their messiah, investors are openly dreading an Obama Presidency.
In fact, many stock market analysts predict a major drop in the markets if Obama wins on Tuesday.
Obama's economic policies are not friendly to investors. He will raise taxes on those who invest in the stock market, particularly in the realm of capital gains.
In addition, the Obama campaign has consistently lowered the threshold of those who can expect to avoid tax increases. First, it was $250,000. Then, suddenly and inexplicably, the candidate stated it was $200,000.
Then, Joe Biden stated on the campaign trail that the threshold is $150,000. But then Obama campaign operative, the bumbling Governor of New Mexico Bill Richardson, stated that only those making under $120,000 would avoid a tax increase.
This sort of thing scares investors and business people to death.
As time has progressed in this campaign, Obama has publicly inched closer and closer to his vote in the Senate to raise taxes on those making just $42,000 per year--a charge which he has falsely denied.
But one thing we do know. For Barack Obama, the definition of 'rich' has gone from $250,000 to $120,000 in just over a month.
Clearly, these people don't know what they're doing when it comes to economic policy and taxes. Those who invest in stocks know it. Thus, we can look for massive losses that will make the past 2 months seem like a bull market if Obama wins on Tuesday.
The market will not be able to sustain more losses in the aftermath of those over the past 2 months, particularly since we have seen signs of hope and recovery in the last week. The election of a man whose policies will bring the gains to a grinding halt and catapult us backward into losses will be more than the economy can handle.
And not even the 700-billion-dollar bailout will save it.
And this means that the beginning of the nation's plunge into the 2nd Great Depression will commence if Obama is announced as the winner.
Monday, November 03, 2008
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