Quote:
Originally Posted by WhiplashDug
what about this?
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.
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Ok first of all the president isn't going to do shit. He will make SUGGESTIONS and CONGRESS will actually pass legislation that he will either sign or veto. Now you may suggest that since the dems will likely have majorities in both houses of Congress Obama will get what he wants. Now I can get into a lesson about how the GOP can filibuster in the Senate and prevent legislation from going anywhere, but I don't want to complicate this discussion too much.
And if his policies are bad for the economy in 2010 the Dems will lose badly in the congressional elections and the GOP will gain back control just like the Dems did in 2006 and the Repubs did inn 1994. And if it still bad in 2012 then Obama won't win a 2nd term. Like Carter and daddy Bush. See how everything works nicely?