1) The proverbial Wall Street capitalists believe that, with new federal income tax rates, the removal of FICA ceilings, increases in capital gains rates, decreases in deductions, and simultaneous tax raises, not only will Obama remove incentives for innovation and productivity, but that he does not seem to care about—or perhaps appreciate—the consequences?

On the spending side, investors see too many subsidies and entitlements that may Europeanize the populace and erode incentives, while creating so much debt that in the next decade, should interest rates rise, the federal budget will be consumed with servicing borrowing and entitlement obligations. A redistributive economy in which government ensures an equality of result is Wall Street’s worst nightmare. Debt can only be paid back by floating more foreign debt, issuing more US bonds at home, raising taxes, or printing money—all bad options in the mind of the investor.

3) Too many are beginning to think Obama is, well, a naïf—and hence dangerous. He chest-thumps speeches Geithner cannot deliver. He says we are near the Great Depression—but then, after the stimulus package passes, suddenly hypes future growth rates to suggest that we will be out a recession, soon after all? Add in all the talk of high-tax, Al-Gorist cap-in-trade, wind and solar, socialized medicine in the midst of a financial crisis, and at best Obama comes across as confused and herky-jerky, and at worse, clueless on the economy—as if a Chicago organizer is organizing a multi-trillion-dollar economy. Talking about ‘gyrations’ and confusion about profits and earnings, and offering ad hoc advice about investing do not restore authority.

`4) Given the amount of debt the US is incurring (and the decades needed to pay it off), given the loose talk about the ‘rich’, and given the rumors about nationalization, investors are unsure whether the United States will remain a safe haven for investment, or even offer a climate for profit-making, since it would either be taxed to the point of seizure, or its beneficiaries would be culturally and socially demonized. Ultimately perhaps some will accept that as the price of doing business in a socialist US, but for now it creates doubt. This is not a defense of Wall Street (a year ago Richard Fuld and Robert Rubin were our Zeuses on Olympus who strutted like gods), simply a warning that we are going from excess to stasis, and the cure will be as bad as or worse than the disease.

IMO, this man is the most thoughtful thinker in the world today:

http://pajamasmedia.com/victordavishanson/

Calvin: one can’t change the facts can they?
obamaBot: what history book are you reading?
When I placed this question in another place on YA, my stalker "badboyinheat" reported me… only been reported by one person – 8 times! so read while you can!!
actually, I have 2 stalkers who love to report others to YA … "bob" is on duty when "badboyinheat" is sleeping LOL

Obama:
Will cut taxes but when it expires, average US family will pay ,500 more in taxes. (CNN and MSNBC never makes it known)

The Child Tax Credit will decrease from ,000 to 0 a child

Income tax rates would rise around 3%-4.5%

AMT-Exemptions will decrease ,500 per filer

Business tax expenses- Maximum deduction amount will decrease ,000,from 0,000 to ,000

Capital Gains- Rates will rise 10%-20%

Income tax burden-will raise about 5% for many workers

Marriage penalty created

Dividends-rates to increase from 15% to 40%

50% average increased tax rates on lower income houses

He may not raise taxes on average American, but by allowing tax cuts to expire, will raise household expenses on an average family.

MCCAIN:

Wi make the Bush tax-cut permanent. And will add additional tax cuts for middle-class Americans.

Entrepreneurs are at the heart of American innovation, growth and prosperity. Entrepreneurs create the ultimate job security – a new, better opportunity if your current job goes away. Entrepreneurs should not be taxed into submission. John McCain will keep the top tax rate at 35 percent, maintain the 15 percent rates on dividends and capital gains, and phase-out the Alternative Minimum Tax. Small businesses are the heart of job growth; raising taxes on them hurts every workers.

To all those who believe that Obamwill "never" raise taxes but rather will cut taxes- Yes he will cut our taxes but when his tax cut plan has expires, we will pay for higher taxes than we pay now..

HENCE, his plan of cutting taxes is just a POLITICAL STRATEGY and not a real rescur for every American families.

MCCAIN’s tax cut policy is permanent, and perhaps the biggest tax cut in history as Alan Greenspan says.

-from an ECONOMICS student.

I heard that
When this tax shelters expire average US family will pay ,500 more in taxes:

The Child Tax Credit will decrease from ,000 to 0 a child

Income tax rates would rise around 3%-4.5%

AMT-Exemptions will decrease ,500 per filer

Business tax expenses- Maximum deduction amount will decrease ,000,from 0,000 to ,000

Capital Gains- Rates will rise 10%-20%

Income tax burden-will raise about 5% for many workers

Marriage penalty created

Dividends-rates to increase from 15% to 40%

50% average increased tax rates on lower income houses

He may not raise taxes on average American, but by allowing tax cuts to expire, will raise household expenses on an average family.

How many of you realize just how much more in taxes you will have to pay if bush’s tax cuts expire,and no not the wealthy,the working middle class.Barack Obama will make a bad economy even worse if hes elected and lets these tax cuts expire

Just take a look here:

The Child Tax Credit will decrease from ,000 to 0 a child

Income tax rates would rise around 3%-4.5%

AMT-Exemptions will decrease ,500 per filer

Business tax expenses- Maximum deduction amount will decrease ,000,from 0,000 to ,000

Capital Gains- Rates will rise 10%-20%

Income tax burden-will raise about 5% for many workers

Marriage penalty created

Dividends-rates to increase from 15% to 40%

50% average increased tax rates on lower income houses

8.1 million jobs have been created

Average of ,500 more in taxes to average middle class American

Yeah and this will help the economy how??????Stupid liberals
eltoro answer me this you stupid moron,how is a paying more taxes going to influence Americans to spend more money,its only going to make them conserve even more and even increase the rate of foreclosures.A 3rd grader can tell you that this doesn’t make sense!Stop reading Michael Moore’s blogs.