I agree Grateful. In addition, when it became apparent, according to the latest "polls", that Obama is going to be our next president, do you think Wall St. and industry as a whole, freaked out due to the policies opined by Obama such as higher taxes, protectionism, etc, etc???
I do think a big part of the problem is a total lack of confidence in our national leadership. No knows who to trust and there is very little faith (for good reason) in either presidential candidate to make solid economic decisions.
If it were me, I would start by eliminating tax on all dividends and interest, increase the capital loss deductions from a measly $3,000 to $20,000 per year (this has not been increased for years) and cut the corporate income tax rate from 35 to 25% so firms can afford to keep their workers employed rather than start massive rounds of layoffs
quote:
Originally posted by Gus: I agree Grateful. In addition, when it became apparent, according to the latest "polls", that Obama is going to be our next president, do you think Wall St. and industry as a whole, freaked out due to the policies opined by Obama such as higher taxes, protectionism, etc, etc???
