THE NC Herd Fan
Hall of Famer
Posts: 16,168
Joined: Oct 2003
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I Root For: Marshall
Location: Charlotte
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Obama bad for business, bad for the stock market...
Looks like Barry's out of control spending is going to mean he breaks more campaign promises. Not straight talking hope and change Barry?!?
If he has any plan to balance the budget based on what he wants to spend, he's going to have to raise taxes on everyone, the rich, the poor, business, everyone!!! If Barry were to implement an individual tax rate of 100% on individual incomes above $500,000 he wouldn't come close to balancing the budget. So what's next VAT, Gasoline tax, other? Raise corporate taxes reducing profits for shareholders and Kill the stock market? Investment bankers are saying concern over Stimulus II and higher corporate tax rates will push the market below 8,000 maybe below 7,000.
High how will the tax rate on individuals be? He said he would let the Bush tax cuts expire, meaning the top rate goes to 39%. His buddies in congress want to add a surcharge on incomes above $200k JUST to pay for healthcare and that would do nothing for deficit reduction.
I am convinced NOW more that ever that Barry Obama is the Least qualified man to ever be POTUS. What is worse, he has a band of incompetent advisors running the country in the ground.
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07-10-2009 09:20 AM |
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DrTorch
Proved mach and GTS to be liars
Posts: 35,887
Joined: Jun 2002
Reputation: 201
I Root For: ASU, BGSU
Location:
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RE: Obama bad for business, bad for the stock market...
(07-10-2009 09:20 AM)THE NC Herd Fan Wrote: Looks like Barry's out of control spending is going to mean he breaks more campaign promises. Not straight talking hope and change Barry?!?
If he has any plan to balance the budget based on what he wants to spend, he's going to have to raise taxes on everyone, the rich, the poor, business, everyone!!! If Barry were to implement an individual tax rate of 100% on individual incomes above $500,000 he wouldn't come close to balancing the budget. So what's next VAT, Gasoline tax, other? Raise corporate taxes reducing profits for shareholders and Kill the stock market? Investment bankers are saying concern over Stimulus II and higher corporate tax rates will push the market below 8,000 maybe below 7,000.
High how will the tax rate on individuals be? He said he would let the Bush tax cuts expire, meaning the top rate goes to 39%. His buddies in congress want to add a surcharge on incomes above $200k JUST to pay for healthcare and that would do nothing for deficit reduction.
I am convinced NOW more that ever that Barry Obama is the Least qualified man to ever be POTUS. What is worse, he has a band of incompetent advisors running the country in the ground.
THey're not incompotent. They're traditional Afrikaan dictators. It's Khadafi or Amin. They want to rule over a bunch of ignorant, in-fighting, primitive tribes.
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07-10-2009 09:30 AM |
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