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How destructive to the U.S. economy would a Barack Obama presidency be?
Beneath Obama's flowery rhetoric lies a dangerous economic plan that will wreak havoc on the American economy.
Obama plans to return to the failed policies of high taxation coupled with an expansion of government spending.
Worse, Obama says he is absolutely committed to almost doubling the capital gains rate — something he will easily accomplish with a Democrat Congress.
In the coming months — when investors realize that Obama will raise the cap gains rate — there could be a stampede of asset sales as investors rush to take their profits now to avoid Obama's doubling of the tax rates next year.
10 Answers
- lonewolfe38652Lv 61 decade agoFavorite Answer
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not"
Thomas Jefferson
- Anonymous4 years ago
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- Free At LastLv 71 decade ago
That's funny. The leading economic indicators are UP for the third consecutive month. Bet Newsmax didn't tell you that did they?
- 1 decade ago
How destructive to the U.S. economy would a Barack Obama presidency be
Would be?
Would be?
Are you familiar with the world IS? I know Bill Clinton didn't know that word, but ......
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- Brother GLv 61 decade ago
IT is a catastrophe, we all will be paying higher energy taxes on cap and trade, and all of us will be on the single payer government welfare health care. Wait 6 months to see your govt approved doctor.
- Anonymous1 decade ago
"Thank you for pressing the Self-Destruct button"
- Anonymous1 decade ago
So I take it that Under Bush Life was just grand for You . But not for millions of Americans .
So do you have anything but constant criticism >what - No Solutions ? Nothing New Here .
- Anonymous1 decade ago
newsmax = fox a bunch of spin and lies
