Stock Markets Exposed

Who else is looking forward to Obama causing the stock market to crash?

He plans to raise the capital-gains tax from 15 percent to as much as 28 percent, which is nearly doubling it. This will cost investers of stock to sell it to prevent getting taxed at what will be the new high rate, once it gets passed. Once the stocks are sold, if no one buys it, the stock market will crash, isn't it awsome? http://www.adjunct.diodon349.com/Attack_on_USA/president_obama_and_the_coming_stock_market_crash.htm

Public Comments

1. o shut up u fruit cake, u don't know what the future holds!
2. Not me, nor am I expecting it. Shrub has driven the dollar to record lows. I don't hear too many neocons raving about thata! I'm sure Obama is smarter than Shrub! Democrats 2008
3. IF Obama gets elected, you can kiss the American way of life good friggin bye forever.
4. don't worry. you won't be buying stocks anytime soon. go to school first.
5. Not only is the stock market gonna crash, but the whole of America is going with it!
6. How could you possibly view that as awesome? Have you thought that through? Do you realize what will happen to your wages and the prices you will pay for good and services under those circumstances?
7. cripes...when bush got in every time that imbecile opened his mouth the stock market would drop 200 points
8. Don't worry.Sometimes you take from this and give to that,but the balance is still there.
9. It doesn't matter! He's a great speech reader! Only that matters
10. I think McCain will be the better man for that considering he had a hand in sending 89,000 jobs to France and admittedly said he knows nothing about the economy
11. THE SECOND GREAT DEPRESSION BROUGHT TO YOU BY BARRACK OBAMA THE IMBECILE add in a 40% dividend tax, inheritance tax, fuel tax, global tax, carbon tax, national real estate tax, and GET THIS he wants to tax retirement accounts (not just the interest, the damn accounts themselves!) 51% top tier? NOWAY will they ever pay that, the rich will go out of the country, underground, offshore anyone left with a job will be the ones stuck with his porkly astronomical taxes
12. They've already got their bad of "Blame Bush" ready for all the bad stuff that happens as a result of this idiot ruining the economy with Marxist controls, giveaways, and other buffoonery.
13. Yes, no one will ever buy stocks if the capital gains taxes go back up. Because no one bought stocks before the tax was lowered. The stock market is now something it was never meant to be: a massive speculative mess. The stock market should be based on taking stakes in companies whose products you believe will sell well, not a Dutch tulip bulb market from the 17th century. Discouraging short-term speculators from buying is a good thing. Sometimes you have to trade short-term problems for long-term solutions, just like when you clean your room in your mom's house, sometimes you have to make it a bit messier before it gets more organized.
14. 1. Interesting that you admit that the impending change in the capital gains tax rate drives immediate rather than long term behavior. Kind of inconsistent with all the Republicans who like to pretend spikes in CGT reciepts after the rate is lowered are indicative of a sustained improvement in the economy rather than a spike in selling. 2. Interesting that you seem to be saying that only people earning over 250k have stocks (since they will be the only ones subjected to the increased rate). Again- not really in line with the typical Republican rhetoric. 3. Interesting to note the general feel that 28% is too high. This is one where you are consistent with other Republicans. Don't remember Republicans considering Reagan an anti-rich tax fiend trying to ruing the economy when he set the maximum CGT rate at ........ you guessed it 28% Republicans all predicted doom and gloom in 1992 when they realized Clinton was going to win. Instead of that doom and gloom we got the longest economic expansion in history, with growing median wages and reducing poverty. Don't you ever get tired of being wrong?
15. it all sounds like you overlooked the Bush eight years?
16. You can not sell stock unless some one buys so you reasoning is not consistent. It will probably have a small effect on stock prices but most people who sell to take advantage of the current low rate will reinvest in the market because their will be no other investment more profitable that is not taxed.Also keep in mind that much of the investment in the stock market is done by tax exempt institutions and through IRA's and 401K plans and the change in the law will not matter to them.
17. As a person who knows about the stock market your post as no merit....just something to call Obama down with...utter nonsense To blame any-ONE person for the stock market crash is not going to serve your cause as it can not happen Unreal the way some people think Ever stop to THINK , and forget to start again
18. this is what he is talking about. Hence, most economists oppose special tax breaks for managers of private equity or hedge funds. Under their own interpretation of current law, these managers do not pay taxes on their compensation. While those of us who get regular paychecks have taxes directly deducted each month, hedge fund managers have gotten into the habit of plowing their $100 million compensation packages back into the their funds without paying any tax whatsoever. When they do eventually pull money out of the hedge fund, they typically claim it as a capital gain and pay tax at just a 15% rate. Proposals before Congress (bills S. 1624 and H.R. 2834) would make fund managers subject to the same tax rules as everyone else. They would have to pay taxes on their income when they earn it, and it would be taxed at the same rate as normal labor income. Under these proposals, fund managers would typically pay a 35% tax rate on the bulk of their compensation.
19. I just really hope that most people that show up to vote in November are clear-thinking, America-loving, hard-working people...and not just a bunch of O-bots.
20. "Once the stocks are sold, if no one buys it, the stock market will crash, isn't it awsome?" Lol! How can you "sell" something without having it "bought" by someone? Your economic theory is dismal.
21. Yeah right! LOL more fear Americans run on it. How we survived as a society is beyond me. However here is Republican economics in a nutshell: Every 6 employees will take a $10,000 per year pay cut and I guarantee if anyone thinks their employer will hire a 7th person at $60,000 per year there is a Bridge in Brooklyn for sale. Miraculously company profits will rise and the 6 with the pay cuts will pay less taxes on reduced income while the boss gets a $50,000 bonus. See a tax cut!!! Also didn't Exxon's CEO get a $30 million bonus? I wouldn't be surprised if he hired a housekeeper and probably an illegal one at that.