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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While I don't agree with all of his ideas on the economy there has never been a president that has spent more than Bush yet his tax cuts have brought in less so we have more debt. The last democrat we had in the white house seemed to keep the economy moving along really nicely.
The difference is the democrats want to spend money so the raise taxes to get the money to spend. The republicans want to spend money but they cut taxes and increase debt. Neither is a great plan.