Lack of Confidence Impacting the Market
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I don't disagree that additional costs to business are a hindrance to business expansion or the creation of additional jobs. However, in my opinion the Obama tax policies were already priced into the market before election day. His win was not a surprise. I think the markets and the consumer will react positively to our leadership when they are transparent in their dealings with the TARP and when they do as they say they will. Changing course because Mr. Paulson decides to revise his plan eliminates predictability and a stable route needed by investors today. In short, when our leaders come up with a plan they should follow that plan. Instead, today we have launched into "Trickle Down Socialism" that isn't working. We are giving billions of dollars to banks that have proven they don't know how to manage mony and further, that plan to use the new money for M & A activity, not lending. The really curious thing is that we taxpyers through Paulson's decisions are playing favorites in the process and asserting influence inappropriately. For proof, how is it that Moody's rates AIG at Aaaa when we all know thay went broke already because of poor management?
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