So is Obama planning on rasing taxes?

[Yannis]

I think McCain is the most centrist of the candidates on both sides, and the most skilled at reaching across the isle to get things done. Therefore he is in closest touch with the American people in their totality (not just the NorthEast and California.) Not to mention that he's lightyears ahead of Obama wrt experience, which is crucial given the difficult times we're in.

When we talk about deficit, don't forget the tremendous growth that our economy has experienced over the last several years, despite the wars we've had to fight. That's the bottom line: growth; and if you need a modest deficit to get there, so be it, no problem, we'll handle it. Keep taxes low and the government under control, and the economy will take care of itself.

As we, traders, know, it takes courage to enter a potenbtially risky but profitable trade, and Bush did it, repeatedly. Just look at any objective account of the economy over his presidency and you'll see that he deserves a lot of credit. McCain will not only keep our country safe, but he'll also carry that gutsy economic tradition forward.

 

[ratboy88]

Quote from Jayford:

The vast majority of our spending comes from entitlement programs which are growing out of control.

As I said, Mac is NOT my first choice, but considering the alternatives....

Also, with an over whelming Dem congress, and public sentiment against any new war, the guy won't be able to do much damage.

Every time the guys speaks he talks about fiscal responsibility. He wants to completely eliminate pork for example.

Now lets consider Obama in there doubling Cap gains taxes. Pretty much takes away much of the incentive to hold long term. What do you think would happen to an already wobbly stock market? Can you say 1929? The guy would be a disaster. I personally like the guy, but he'd kill the economy.

i am definitely not an obama supporter. i am for no irs and no income tax. and just recently stiglitz estimated the cost of the iraq war at 3 trillion. wanting to escalate this illegal war will mushroom this amount. mccain couldn't even answer a simple finance question during the debate..... you are putting way too much stock into his empty "fiscal responsibility" gimmick-talk.

 

[AAAintheBeltway]

It is ironic that Obama has made something of a fetish out of claiming he will bring people together, yet he has the single most liberal voting record in the Senate. More liberal than Ted Kennedy, more liberal than Barbara Boxer, more liberal than Russ Feingold, more liberal than Hillary or Schumer. His proposals and his record are pretty much out of the McGovern-era playbook: big government, high taxes, wealth redistribution, protectionism, giving labor bosses a stranglehold on the economy and of course, a white flag foreign policy. Hard to see how he will bring us together and reach out to republicans with such a program.

McCain by contrast has a demonstrated record of working with democrats. In fact, conservatives say he is too ready to compromise and assist them. Whatever, but if that's what voters want, McCain should be their guy.

 

[Yannis]

Quote from ratboy88:

i am definitely not an obama supporter. i am for no irs and no income tax. and just recently stiglitz estimated the cost of the iraq war at 3 trillion. wanting to escalate this illegal war will mushroom this amount. mccain couldn't even answer a simple finance question during the debate..... you are putting way too much stock into his empty "fiscal responsibility" gimmick-talk.

I'm not an Obama supporter either, and oppose war on ethical grounds, but..

This war in no more illegal than any other we've engaged in to defend our country;

The money spent goes largely to American interests (eg, weapons, ammunition, salaries) and that makes it more or less economically neutral;

Judging from McCain's long track record, it would be ludicrous to doubt the man's knowledge and experience wrt governance and economics, especially judging from the company he's forced to keep in this process (Obama and Hillary).

 

[Yannis]

Quote from AAAintheBeltway:

It is ironic that Obama has made something of a fetish out of claiming he will bring people together, ...

Not to forget that Sean Hannity of Fox News (Hannity & Colmes Show) may have a point, when he challenges Obama's church wrt their religious commitment, opennes vis a vis other religions, and fairness to all Americans. Not that he cares what that particular church believes, but he states it as yet another little window in Obama's heart and mind. Hannity's point is something like: "Can someone who freely chose to belong to such a church ever unite the people of this country, like Obama claims?"

 

[ratboy88]

Quote from Yannis:

we've engaged in to defend our country;

The money spent goes largely to American interests (eg, weapons, ammunition, salaries) and that makes it more or less economically neutral;

Judging from McCain's long track record, it would be ludicrous to doubt the man's knowledge and experience wrt governance and economics,...

1. we were never defending our country with the iraq war. all reasons given to invade were lies. it is extremely illegal.

2. the money spent has ballooned the deficit and helped push oil prices sky high. the war industry has raped this country. halliburton and blackwater have made huge profits on blood money.

3. mccain is an idiot regarding the economy. he can't even answer simple questions. he parrots the old standby conservative mantras but has no way of fullfilling them. he truly is an idiot.

 

[ZZZzzzzzzz]

What Obama wants and what Congress does may not be the same.

Most new presidents get a bit of a honeymoon period, and we are likely to see the repubs lose seats in both house and senate based on current polling...so what Obama wants, he may get initially...

Most politicians lie to get elected, and/or make promises they can't or have no intention of keeping.

However, look at what the stock market did after a change from a republican president's control for 12 years to a democrat in 1992...

There are plenty of reasons to be bearish the market, but Obama over McCain really isn't one of them.

Quote from Jayford:

First of all, Obama is THE most liberal senator in the country. Period. This is based on his voting record. Its not just opinion. (Source: National Journal, which is non partisan. Not to be confused with the National Review).

He wants to raise taxes across the board for anyone making decent money, and then he wants to blow it on a whole slew of social programs. With a very democratic Congress behind him, it would get ugly.

The scariest thing he wants to do is the cap gains thing. Planning to almost double them! This alone will crash stocks. It will be a disaster for me as well as I am a futures trader so it will dramatically raise my taxes. Obama is very smart, but he doesn't give a damn about Wall St., and I'm not so sure he knows a whole lot about econ.

Go McCain!

 

[ZZZzzzzzzz]

"I'm a uniter, not a divider."

---G.W. Bush---

I don't think it was Bush's church that caused the divisiveness we currently have...

Quote from Yannis:

Not to forget that Sean Hannity of Fox News (Hannity & Colmes Show) may have a point, when he challenges Obama's church wrt their religious commitment, opennes vis a vis other religions, and fairness to all Americans. Not that he cares what that particular church believes, but he states it as yet another little window in Obama's heart and mind. Hannity's point is something like: "Can someone who freely chose to belong to such a church ever unite the people of this country, like Obama claims?"

 

[Jayford]

Quote from ZZZzzzzzzz:



However, look at what the stock market did after a change from a republican president's control for 12 years to a democrat in 1992...

There are plenty of reasons to be bearish the market, but Obama over McCain really isn't one of them.

It always cracks me up when people give the Clinton administration credit for the booming 90's and balanced budget. This was due to the dotcom boom, period. Clinton just had really lucky timing. The tech boom started just as he entered office, and burst just as he was leaving.

 

[ZZZzzzzzzz]

Clinton lucky timing, Reagan lucky timing, blah, blah, blah.

It happened during their watch, they get the credit or blame, that's the game...

Quote from Jayford:

It always cracks me up when people give the Clinton administration credit for the booming 90's and balanced budget. This was due to the dotcom boom, period. Clinton just had really lucky timing. The tech boom started just as he entered office, and burst just as he was leaving.