30 Oct
Slippery Slope
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Thursday, October 30th, 2008 at 12:29 pm | 2 views
http://www.usnews.com/blogs/capital-commerce/2008/10/30/why-democrats-will-target-the-investor-class-in-2009/comments/2
It’s going to be much lower than that.
I think everybody caught the $250 – to $200,000 change from speech to speech but not they are saying $150. There needs to be some consistency and accountability with this whole thing for sure! i like the idea to be honest but the illuminati need to be honest and set to we can hear it and follow it, and finally vote for it. It could be a slippery slope but it could also be positive change! i guess we’ll see.
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“There needs to be some consistency and accountability with this whole thing for sure” (Warrior)
This is impossible, because Obama has proven us that he has no consistency and that he doesn’t know what the word ” accountablility” means.
Finally, Joe the Plumber is much more smarter than THE ONE… he saw him coming and he was right.
Gregory, that article that you’ve linked is really good. I am giving a glimpse of it to the readers, to make sure they will read it.
WHY DEMOCRATS WILL TARGET THE INVESTORS CLASS IN 2009
Capital Commerce
By: James Pethokoukis
October 30, 2008
1) Hike Investment Taxes.
Obama wants to raise capital gains taxes even though he has kinda, sorta admitted that it might be bad for the economy and might actually decrease tax revenue to the government….
2) Eliminate 401(k)’s, IRAs, and other retirement plans.
Democrats in the House are now talking openly about the longtime liberal dream of repealing the tax advantages of putting money into a 401(k) plan or other tax-advantaged retirement account….
3) Replace private capital with public capital.
But wouldn’t a weak stock market hurt the economy by making it tougher to raise investment capital and lessen the return on risk? Surely, it would. But Obama is planning…
Read the rest:
http://www.usnews.com/blogs/capital-commerce/2008/10/30/why-democrats-will-target-the-investor-class-in-2009.html
It is truly amazing to me that the electorate think the dems are better than republicans for the economy. Just think of all their hair-brained schemes over the last 50 years. Most of them have been failures and their negligence has now caused the economy to tank. Dems don’t understand economics. They only know if it feels good or sounds good do it.
And now Gov. Bill Richardson, an Obama surrogate, says the figure is $120,000. A family of four living in an expensive city with two parents working just found out they are rich and not getting any of the goodies.
By next month, the figure will be $50,000