Comments on: Maybe the stock market dive IS related to Obama’s election http://www.murdoconline.net/archives/6489.html Just another WordPress weblog Thu, 09 Feb 2012 17:42:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bram http://www.murdoconline.net/archives/6489.html/comment-page-1#comment-337863 Bram Fri, 07 Nov 2008 16:12:07 +0000 http://www.murdoconline.net/?p=6489#comment-337863 Of course the market is down due the election of Obama and the Democrats. The credit crunch nailed the Financial Services sector hard. The rest of the market went down in anticipation of a Democratic victory. We already have the highest or 2nd highest (depending on your state) corporate taxes in the world. Now the incoming President and Congress have promised to raise those taxes even higher as well as raising personal income taxes, capital gains, and dividend taxes. Why invest in an American company? Why even own stock? The Dems are also working on legislation to make moving corporations offshore more costly (the Kennedy’s. Rockefeller, and Heinz’s already have their money safely abroad). People and companies are pulling out while they can. The market isn’t coming back for a long time. Of course the market is down due the election of Obama and the Democrats. The credit crunch nailed the Financial Services sector hard. The rest of the market went down in anticipation of a Democratic victory.

We already have the highest or 2nd highest (depending on your state) corporate taxes in the world. Now the incoming President and Congress have promised to raise those taxes even higher as well as raising personal income taxes, capital gains, and dividend taxes. Why invest in an American company? Why even own stock?

The Dems are also working on legislation to make moving corporations offshore more costly (the Kennedy’s. Rockefeller, and Heinz’s already have their money safely abroad).

People and companies are pulling out while they can. The market isn’t coming back for a long time.

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