Fear of Higher Taxes a Cause of Sell-off [View article]
Utter nonsense. The market has been in the tank for months. There are 3 trillion reasons more important than the possibility of a slight increase in capital gains. Budget deficits under Bush, the destruction of American influence abroad and concomitant loss of interest among foreign investors in the US market, restrictions on the inflow of immigrants who have fueled innovation here for decades, the decline in foreign students coming here to add their intellectual capital to our society, the rise in inflation because of Bush's deliberate policy of devaluing our currency, Bush's active encouragement of expanded credit (you don't have to sacrifice for my war, just go shopping)....you can go very far down a very long list before you reach the Bogeyman Obama.
Fear of Higher Taxes a Cause of Sell-off [View article]