for all of us in finance, be VERY scared of an obama presidency. his economic plan will destroy this country's economy and send us back to the 1970's, or even worse.
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Bush had the honor and destroyed our economy and sent our housing market into a deep depression like in the 1920s and 1930s
This is an expected post reaction to see these criticism after Obama was coalesced by two hundred thousands people in Germany,Obama looked very presidential and even more than Bush.
Obama will inherit $500 billon in deficit largely thanks to Bush's economic policies.
Yeah, we're real jealous of how presidential he looked. What a fun ride this campaign is! Our economy's at stake and you're turning this into a college football game, you fucking tool. But what do I care? Go ahead and tax it all away until there's nothing left. Make sure you give a big chunk of it to great healthcare causes, like the fats who can't afford to get a triple bypass.
http://www.drmarkklein.blogspot.com/
So wait... how did Bush do this? I'll give you that it happened while he was president, but I'm not sure there is even a correlation and certainly no reason for causal statements.
I mean, fuck. What about all the people who live beyond their means buying houses they can't afford? The fact is there are a lot of people who don't know shit about managing their personal finances... why should we give those idiots more money to blow on trivial shit?
typical knee-jerk liberal reaction. do you really think that punishing the most successful by instituting the biggest tax increase in U.S. history is the solution to our economic woes?
take Clinton for example, he increased taxes, and we experienced the longest boom in US history with $4,000bn budget surplus.
Clinton's 1993 tax increase is NOTHING compared to what obama is proposing. that year, clinton raised the top marginal tax rate from 36 to 39.6 percent and left it alone for everyone else. he did not raise capital gains rate, dividend, medicare, or social security taxes. under Obama's plan, the top overall rate will be over 60%, the highest it will be since the late 70's.
every of body is who is finance right now is scared because of the layoffs and jobs security.
Obama will increase taxes only on 5% of the nation, the rest will not, as matter of face, 95% of Americans will get tax credits
I think much of the Clintonian economy came from Greenspan's monetary policy combined with pure good timing with Clintons ascension to the presidency. The surplus we ran in those years prove the taxes were too high- surplus=the government is taking more money than it needs from the people. Money that is better used in the hands of the constituency.
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
^^
Oh and is you look at Obama's policies on gas and the economy they look similar to Carter's. Windfall profit taxes and gas caps- those worked in 1970 so why not now! (sic) Come on increasing the top tax bracket only is retarded. It makes the big producers scale down their profits so they get into a lower tax bracket... in some cases you can make more in a lower tax bracket than in a higher! And the CEO's etc. can always salary themselves low until taxes decrease and get deferred comp.
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
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It took Carter to get Regan. I think the Obama presidency is win-win. If he totally fucks the country, then the Dems will lose control. If for some reason things get better, even if they aren't to his credit, then at least things are better.
fuck, this is all chicago's fault
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