Comments on: Investors Fear The Coming Socialism http://floppingaces.net/2008/10/11/investors-fear-the-coming-socialism/?utm_source=rss&utm_medium=rss&utm_campaign=investors-fear-the-coming-socialism Sat, 11 Feb 2012 04:43:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sanjay http://floppingaces.net/2008/10/11/investors-fear-the-coming-socialism/#comment-133550 sanjay Mon, 24 Nov 2008 15:20:58 +0000 http://www.floppingaces.net/?p=10270#comment-133550 Team Obamanomics, WSJ: <blockquote> "The team is expected to include New York Federal Reserve Bank President Timothy Geithner, who will be nominated as the next Treasury secretary, Mr. [Lawrence] Summers, and incoming budget director Peter Orszag. Jacob Lew, a former White House budget director, is expected to be Mr. Obama's National Economic Council chairman. Jason Furman, who coordinated economic policy for the Obama campaign, is likely to be Mr. Lew's deputy. And Austan Goolsbee, a University of Chicago economist, is expected to be the chairman of Mr. Obama's Council of Economic Advisers. Me: These guys are not Marxists, protectionists, or believers in a return to 90 percent marginal tax rates. They are believers in free trade bolstered by an expanded government safey net for workers, increased government spending on infrastructure (green and transportation) and education to increase growth and reduce income inequality,and higher taxes (though certainly less than a 70 percent top income tax rate) to help fund it all. But will they support a) the nationalization of our banking system or b) a pricey homeowners bailout? My guess is that they will recommend doing, to use the words of Obama, "whatever it takes" to keep us out of a depression. Other than cut taxes on capital or business of higher incomes. </blockquote>

Team Obamanomics, WSJ:

“The team is expected to include New York Federal Reserve Bank President Timothy Geithner, who will be nominated as the next Treasury secretary, Mr. [Lawrence] Summers, and incoming budget director Peter Orszag. Jacob Lew, a former White House budget director, is expected to be Mr. Obama’s National Economic Council chairman. Jason Furman, who coordinated economic policy for the Obama campaign, is likely to be Mr. Lew’s deputy. And Austan Goolsbee, a University of Chicago economist, is expected to be the chairman of Mr. Obama’s Council of Economic Advisers.

Me: These guys are not Marxists, protectionists, or believers in a return to 90 percent marginal tax rates. They are believers in free trade bolstered by an expanded government safey net for workers, increased government spending on infrastructure (green and transportation) and education to increase growth and reduce income inequality,and higher taxes (though certainly less than a 70 percent top income tax rate) to help fund it all. But will they support a) the nationalization of our banking system or b) a pricey homeowners bailout? My guess is that they will recommend doing, to use the words of Obama, “whatever it takes” to keep us out of a depression. Other than cut taxes on capital or business of higher incomes.

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]]> By: Craig http://floppingaces.net/2008/10/11/investors-fear-the-coming-socialism/#comment-120086 Craig Sat, 11 Oct 2008 18:27:43 +0000 http://www.floppingaces.net/?p=10270#comment-120086 Issues & Insights from Investor's Business Daily October 10, 2008 OBAMA'S M.O.: GOVERNMENT BY THUGOCRACY http://www.ibdeditorials.com/IBDArticles.aspx?id=308529428169715

Issues & Insights from Investor’s Business Daily
October 10, 2008

OBAMA’S M.O.: GOVERNMENT BY THUGOCRACY
http://www.ibdeditorials.com/IBDArticles.aspx?id=308529428169715

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]]> By: MM http://floppingaces.net/2008/10/11/investors-fear-the-coming-socialism/#comment-120072 MM Sat, 11 Oct 2008 16:54:58 +0000 http://www.floppingaces.net/?p=10270#comment-120072 I have been saying this for several months on various comment boards and it's funny how the liberals first attack me personally, then bring up some other totally unrelated point and then attack that. Massive sell off??? All I ear is we need change. OK dudes, I hope you have some reserves. If there are the amount of investors, like myself, who are waiting to see who wins the election, and if it's Obama, there is going to be a massive sell off. I don't care what the losses will be, I'm selling all my equities before Jan 20. I still find it hard to believe that this economic moron will be elected. I sadly lay this at McCain's feet-he better get in this idiot's face or we are f***ed

I have been saying this for several months on various comment boards and it’s funny how the liberals first attack me personally, then bring up some other totally unrelated point and then attack that. Massive sell off??? All I ear is we need change. OK dudes, I hope you have some reserves.

If there are the amount of investors, like myself, who are waiting to see who wins the election, and if it’s Obama, there is going to be a massive sell off. I don’t care what the losses will be, I’m selling all my equities before Jan 20.

I still find it hard to believe that this economic moron will be elected. I sadly lay this at McCain’s feet-he better get in this idiot’s face or we are f***ed

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