Friday, October 24, 2008

Fear of an Obama win is the cause of the market turmoil

Mr. Market is not amused at the blatant lies, the goobldygook rhetoric on the economy, and the lack of comprehension from Barack Obama when it comes to economic considerations.

Excerpts:

"Is it really more plausible to suggest no effect whatsoever from a possible once-a-generation, political sea change, especially one that moves away from the winning economic formula of the past 25 years ? Not even a smidgen of worry? C'mon, now."

"
Hey, even potential Obama Treasury secretary Jamie Dimon thinks raising taxes right now is a goofy idea."

"
Look for Democrat proposals for a 'millionaire's surtax' on top of the higher rates from repeal of the Bush tax cuts in 2009."

"
Maybe investors fear that with perhaps a trillion-dollar budget gap ahead, revenue-hungry Dems will raise taxes further than Team Obama is suggesting—right into the teeth of a weak economy."

Nah, that sort of thing isn't happening, is it?


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