Forums / Off Topic / President Obama and the Coming Stock Market Crash

5 years 48 weeks ago, 3:29 PM

samD

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President Obama and the Coming Stock Market Crash

How destructive to the U.S. economy would a Barack Obama presidency be?

An exclusive Newsmax analysis warns: There could be a very rough time ahead.

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.

All of these issues and more are explored in Newsmax magazine's special report "Obamanomics — the Coming Tax-and-Spend Nightmare," by Wall Street Journal columnist John Fund.

This Newsmax magazine special report gives Americans the first in-depth look at the Democratic president's likely strategies — and how they will affect not just the larger economy, but your personal wealth as well.

Indeed, Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars.

He also wants to do away with the $102,000 FICA payroll tax cap, which means anyone making over $102,000 would pay an additional 7 percent in taxes on earned income.

And the loan dividend tax rate George Bush implemented? Under President Obama it will be DOA!

5 years 48 weeks ago, 3:52 PM

undeniable

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Now would be the best time to lower taxes and let our economy grow that way. You wouldn't have to worry about "government bailouts" because we would do it through public economical expantion. Our new President is going to really do a number in us I fear.
He also appointed an outspoken Socialist as the newly created "Global Warming Czar." I'm pretty sure it's getting time to do what the Mormons do. Gather food, ammo, and pray.

"The greatest trick the devil ever pulled was convincing the world he didn't exist." Kevin Spacey: (The Usual Suspects)
5 years 48 weeks ago, 8:09 PM

DEMO

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President Bush had warned us of the housing bubble in 2000. Mcain had warned about the housing urban development act overegulating banks to make bad loans.The media called Mcain and Bush racist whites that hate poor people. I remember this.
We talked about this in grad school in 1999. My instructor had told us about the sub prime mortgages and the effect it will have. The instructor claimed it would take 20 years for the crash but it came sooner.
Now Obama wants to return to failed policies of the 1990's which caused 911, housing crash and the accounting failures of Enron type companies.
I do not know if people are fooled by the media, ignorant of the cause vs effect or are mezmorised by the marketing campaign of Obama.
Obama will close guantonamo, cut the military and CIA.
Each day is another day of 'change' back to pre 911 security.
President Bush did what he had to do. He is being penalised for providing us with security. No Obama wants to go back to trusting people sworn to kill us all.
What will it take for people to understand the job Bush did with the most difficult circumstances in our lifetime? Another attack?
When will the media give Clinton the credit he deserves for the mess Bush dug us out of?

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do
5 years 48 weeks ago, 8:22 PM

GSXRFANN

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People just don't

People just don't understand! Everyone thinks Obama is some sort of big time savior...he is actually just the opposite.
Everyone should prepare, because with everything going on, there could be another civil war!

5 years 48 weeks ago, 9:24 PM

thegatesofzion

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Stock Market Crash?

If you think the stock market crash that recently happened wasn't planned, then look back over the last three or presidential elections and you will see that each contest involved some kind of crisis that the country was going through at the time.

This country is being manipulated by a handful of very powerful people and the real power lies in the hands of these people and not the American public.
Don't take my word for it. Do your own research and see for yourself.

I am not a conspiracy kind of person, however, when you see too many coincidences taking place all at the same time, you have to ask yourself if the American public really knows who's in control, because it certainly isn't us!

Sincerely,

Keith Boynton, Overseer
The Gates of Zion

5 years 48 weeks ago, 9:32 PM

thegatesofzion

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This is another reason why it is so very important for every American to have their own firearm. Granted, you're not going to be able to hold off a military invasion, but you may be able to potentially save your family from an instance where personal property rights and personal freedoms are being threatened by people who attempt to control your life by threatening you and your family just because they've been elected to some government position.

Letting them know that you will protect yourself and your family at all costs may be enough to get them off your back for a while.

However, we all remember what happened at Waco under Janet Reno and the Clinton Administration.

Sincerely,

Keith Boynton, Overseer
The Gates of Zion

5 years 48 weeks ago, 10:00 PM

Anonymous

this is a phrase a very intuitive and wise beyond his years(54)friend of mine uses.he has a studied knowledge of the political monster we call our government but he is also a blue collar american that gets his hands dirty for a living.he has been telling and helping others with a like mind that the best investment in hard times is"shotguns and tuna fish".shotguns will help you keep you tunafish(food).dried goods,ammo and the like are all things that we should all store for the hard times we are yet to face.

5 years 48 weeks ago, 11:22 PM

BluesHarp

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Greasy, that is always

good advice. We should all at least attempt to save up all that we can. The times they are a changin', and not for the better like everyone thinks. This is gonna be the worst period in most of our lives. At least financially. We are going to see the government do some things that are just unprecedented. Many constitutional rights will be lost, never to return. Many rights will be at least diminished to the point that we won't care about them anymore. But it will all happen slowly; a little at a time. We must not turn our eyes away from anything the government is doing, because they will try to slip this stuff past us if we are not paying attention.

Go ahead punk, Make My Day!
5 years 48 weeks ago, 10:45 PM

DEMO

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Good post agree with you. I have thought of this many times. It makes sense. Why would we inhibit our national resources like we do. Why would we give trillions to other nations. Why would the media hate GW when he dealt with problems unlike Clinton who basically raped us.
Why would we lose self interest in our nation

I have pondered so many coincidneces can not be ramndom. Statistically impossible. I never share these thoughts becuase most people would find me nuts...but nothing makes sense sometimes.
We import our labor while we pay people to be on welfare.
The court system too fascinates me. I was prelaw, premed and can not get the same conclusion from legal decisions. I think we have been brainwashed with bullshit in public schools. The left quotes the Jefferson letters as making many intention of the constitutions. Things such as freedom of religion, keeping of firearms. Then you read the Jefferson letters and you realize Jefferson's comments were picked and chose in interpreted. It seems like if we are told something enough times the thought becomes reality.
There are just too many false 'gods' out there. Does anyone think about what this means?
I have friends that swear 911 never happened. It was a implosion. The pentagon was a cruise missle sent by GW. Its brainwashing people until it becomes a false truth. Manipulation for a higher purpose

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do
5 years 48 weeks ago, 11:10 PM

BluesHarp

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Our educational system is not teaching the fundamentals of history, law, constitutionality or morals. They are indoctrinating our children into thinking that it is better to go as a collective rather than to be a free thinking individual with thoughts and beliefs different from everyone else's. This is the liberal form of education. An education that teaches our kids to follow the leader and do not think, just follow. Do as you are told and all will be good. Sounds like the beginnings of communism to me.

Go ahead punk, Make My Day!
5 years 48 weeks ago, 1:00 AM

DEMO

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Bluesharp-

The pillars of communism mirror Obama's campaign. Of course modern marketing practices are very effective and mirror propaganda of communist beginnings. They promise you the world then tell you how good you have it. Its like mind control. So is it marketing or propaganda?
I got a creepy feeling when the school children were singing Obama. Reminded me of indoctrination in Red China. If you have not seen the video- google it. Indoctrination- repeat after me 'gun bad' 'Obama good' homosexual good religion bad........'pledge of allegence bad' 'drugs good"
Goverment dependecy good, individual achievement bad

Another issue is the drug war. Why would a liberal question the drug war? Drugs ruin life, make a slave of people but the liberals condone it. Another way of control?

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do

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