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Is the recent stock market meltdown caused by fear of Obama?

(The stock market priced in the recession months ago, but hasn’t priced in the Obama depression if he is elected. His higher taxes will cause the loss of millions of jobs, kill businesses. This man doesn’t know anything about growing the economy and Wall Street knows it.)

Answer :

Yes, it could be a big part of it,,people will hide their money now and not invest,, the selling is going on now before capital gains gets raised. I have a house as an investment but if capitol gains goes up I will not sell it just to give my profit to the gov., they all ready take enough..

The Obama supporters just want the rich to be punished but they are the ones who will be. Obama did cause this,, he promoted and won lawsuits making the government give out these loans and setting up the sub-prime fiasco…After the Sub Prime Crisis already started in 2007, Obama said that sub prime mortgages that gave houses to people who couldn’t afford them was a good idea.

He’s believed this since 1995, when Obama and his fellow attorneys charged that Citibank was making too few loans to black applicants and won the case that began the whole thing.

Buycks-Roberson v. Citibank Fed. Sav. Bank

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