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...while the polls are reflecting Obama's steady hand, the markets haven't. In fact, they're getting worse by the day as Obama's lead widens.
Most investors know the devil is in the details - and the details of Obama's economic plans are anything but reassuring.
Overall, his plan includes some of the most lethal tax increases imaginable, including a jump in the capital-gains rate. He'd expand government spending massively, with everything from new public-works projects to increases in foreign aid to a surge in Afghanistan - plus hand out a token $500 welfare check that he calls a tax cut to everyone else.
Originally posted by Gateway
I would argue that the market would also have a difficult time with Mcain at the helm as well, maybe not as much as Obama, but Mcain's policies are hardly Pro-markets either.
Originally posted by Fuzzy Wabbit
I think the market is still revolving around the mess created by the current administration.
Originally posted by Wise Dome
It has nothing to do with Obama policies