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Old 07-03-2008, 01:45 PM
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Charles_Main Charles_Main is offline
Dejected conservative.
 
Join Date: Jun 2008
Location: Michigan, USA
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Recent losses on wall street are just a taste of whats to come

In the month of June, the stock market lost 2.1 trillion dollars in value. Democrats and Liberals will have you believe this is the fault of republican policies.

However if you know how the stock market works, then you know that is a load of BS. The stock market is about speculation on what is to come, It is not about what has already happened.

The market is crashing now, on speculation of our political future. Wall street sees the prospect of a Democrat dominated Congress and White house, and it scares the hell out of investors.

If you want to blame someone for the collapse blame Obama and the Dem Congress. For it is the prospect of Obama raising the Capitol gains tax to 28%, Raising taxes on Dividend, Raising the Social Security Tax, and other moves he wants to make, that will stifle our economy and slow growth.

Americans are looking at he largest single tax increase in history, and that is the cause of the falling Markets, not Bush, or the Republicans.

Mark my words, if we put the Democrats in control of the White house and both houses of Congress. We will all suffer, and our economy will take a hit that will take years to recover from.

Obamas economic policies will be a disaster for this country.

Charles

Last edited by Charles_Main; 07-03-2008 at 01:46 PM.
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