Who else is looking forward to Obama creating a market crash?

Question

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

Answer 1

The economy is gonna tank WHEN Obama Is the president.

But not because of him. Its set up to tank already and its being artificialy propped up. As soon as he gets elected the republican intrests will stop propping it up and the whole economy will go south. Then on the 2012 presidential election they will say "See look what happened when you elect a democrat" And use that as the main reason to elect a republican. Its just another republican scam like everything they do.  Also, Obama is never gonna be able to pass a doubling of the capital gains cuz all the politicians are in the stock market, they wont vote for it. Relax.

Answer 2

1. Presidential candidates have a habit of talking in ignorance before elections and are prone to change their minds.

2. The stock market is in decline at the moment, so a lot less people will be paying capital gains.

3. If he did raise the tax rate, people still have to come to the decision where is the best and most secure place to put their money, and I still believe that the majority of people think that that place is the US stock market.

Consequently, I suggest that the law probably won't come into effect, but if it does, it is unlikely that there will be a crash.

Answer 3

Youre assuming that obama wins the presidency. Unlike him and his terrible wife, I still have faith in America. And I have faith that the majority of us are nauseated at the thought of him and his ideals.