Posted by
RepublicanEvangelist on Tuesday, March 03, 2009 10:03:45 PM
The President compared following the stock market to daily tracking polls in politics. First of all, can't he stop running for President and start being President? Second of all as my new hero Jake Tapper
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/02/AR2009030200656.html pointed out when questioning Gibbs that if daily tracking polls after six weeks showed a consistent movement downward, it would indicate a trend. It would indicate that investors have had time to digest Obama's plan and vote on it by selling off the market consistently. Obama wants to do away with capital gains tax and raise income tax rates for the "wealthy" to nearly 50 percent. When you factor in social security (he is blowing the caps) and increases in taxes in many states like #1 tax state of California, taxes will be over 60 percent. Nevermind that middle class in places like Southern California is 250k a year. Why would someone risk what little capital (money) they have left and buy into the market now? The downside is you lose it all and the upside is you get 40 cents on the dollar? The thing is the Obama doesn't care because the more people lose faith in capitalism, the more they put their faith in government ceding power to Obama and the Democrats. Remember last year when the Democrats floated the idea of people trading in their 401k's in exchange for more social security from the government? Many of us scoffed at the idea. I fear now many Americans would take that deal that may be the second worse trade after Eve taking the apple.
It is important that we slow Obama and the Democrats down as much as possible to keep them from doing too much damage. There are many Southern Democrats who came into power in 2006 and will be up for relection next year. We need to make it clear that they are toast if they sign onto any more socialism. We have a chance to take over the House seat vacated by New York Senator Gillibrand. This is a conservative district. We need to support 527's on our side. It will cost each of us some money but less than if Barack Obama gets all his plans through without opposition. We need to take back House seat by House seat and focus on Senators up for relection in 2010 who may be weak like Dodd CT, Boxer CA, and Reid NV. Some 527s are :
http://www.moveamericaforward.org/index.php/MAF/AdCampaign,
http://www.ourcountrydeservesbetter.com/ and
http://nationalrepublicantrust.com/
If you are wondering why my postings are more sparse these days (or distance between that is) it is because I am using Twitter more. You can follow me on twitter. My name is GOPEVANGELIST.