If Barack Obama becomes president will the stock market collapse entirely?
(I was just wondering since he said
he was going to close corporate loopholes
(less corporate profits = stock price go down)
Increase Capital Gains Tax = less investments, because they yield less return.
Increase tax on 250k+ income (a lot of traders make 250k+)
So given these 3 factors and the fact that stock market
is very volatile right now, it would seem plausible
that it is going to collapse entirely?)
Answer :
Yes, businesses are scared if Obama gets in and they are already receiving a huge -7% hit in sales, Nancy Pelosi, Reid, and other Dem elites had a special meeting, which once Obama is in office they will pass every liberal extremist bill ever to land on a congressman’s desk.
Democrats will have the House, The Senate, The Executive branch, and soon the Judicial Branch. They will be completely unchecked.
Be prepared for the biggest shift American ideas in history. Proof: The New York Communist party said, “Our time has come,” and this is all because of Obama.
Posted: July 29th, 2010 under US Stock Market.
Tags: Stock market, stock market collapse entirely