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Author Topic: Obama Declares War on Investors, Entrepreneurs, Businesses, And More  (Read 4611 times)

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Offline Rebel

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Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« on: February 27, 2009, 05:06:54 PM »


Friday, 27 Feb 2009 | 4:39 PM ET
Posted By: Larry Kudlow
CNBC Anchor

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years. ---MORE---

Yeah, no shit.
« Last Edit: February 27, 2009, 06:06:12 PM by TxRadioguy »
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Offline rich_t

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #1 on: February 27, 2009, 05:08:35 PM »
How bad was the blood letting in the stock market today?
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Offline Mike220

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #2 on: February 27, 2009, 05:09:55 PM »
Quote from: rich_t on February 27, 2009, 05:08:35 PM
How bad was the blood letting in the stock market today?

Down 119.

Edit: To 7062.93.
« Last Edit: February 27, 2009, 05:14:49 PM by Mike220 »
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Offline rich_t

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #3 on: February 27, 2009, 05:17:34 PM »
DJI since Obama was sworn in:

link
« Last Edit: February 27, 2009, 05:24:05 PM by rich_t »
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Offline USA4ME

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #4 on: February 27, 2009, 06:50:09 PM »
The business class and investor class isn't going to go along with Hussein and his stupid plans.  Unless and until he gets us on board, he's sunk.  The country's economy doesn't run on moonbat activists who leech off the system.

.
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Offline Hawkgirl

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #5 on: February 27, 2009, 08:50:49 PM »
Quote from: USA4ME on February 27, 2009, 06:50:09 PM
The business class and investor class isn't going to go along with Hussein and his stupid plans.  Unless and until he gets us on board, he's sunk.  The country's economy doesn't run on moonbat activists who leech off the system.

.

Good point.  WAll Street has historically weighed in on how bad or good the economy is functioning.  What remains to be seen is when or rather if Obama will get this.  I wouldn't be surpised if the wealthy are just holding a large part of their assests in cash waiting to pounce at the right time.  Hopefully, that cash will flow into real estate.
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Offline Bluesuiter-Retired

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #6 on: March 01, 2009, 10:45:50 PM »
Quote from: Hawkgirl on February 27, 2009, 08:50:49 PM
Good point.  WAll Street has historically weighed in on how bad or good the economy is functioning.  What remains to be seen is when or rather if Obama will get this.  I wouldn't be surpised if the wealthy are just holding a large part of their assests in cash waiting to pounce at the right time.  Hopefully, that cash will flow into real estate.

Yep, the stock market is the barameter of the health of the nation's economy.  The fact that the DOW has dropped over 1,000 points since "the messiah" was inaugurated is significant.

"The messiah" and his lemmings are attempting to convince the folks that the continuing decline in the stock market has nothing to do with "the messiah" and his policies.  Nothing could be further from the truth.
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Offline NHSparky

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #7 on: March 02, 2009, 11:16:06 AM »
And collapsing fast.  Can anyone here say, "Dow 5000?"
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Offline Chris_

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #8 on: March 02, 2009, 11:18:38 AM »
Quote from: NHSparky on March 02, 2009, 11:16:06 AM
And collapsing fast.  Can anyone here say, "Dow 5000?"
By tax day, we'll look back on 5000 fondly.
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Offline Lance

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #9 on: March 02, 2009, 06:19:38 PM »
Word. We will be lucky if this economy the market doesn't contract back to 1989 levels. Obamanation would like nothing more. Nothing like a good crisis to implement a socialist agenda.
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Offline NHSparky

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #10 on: March 02, 2009, 08:02:40 PM »
I'd love to give credit where due, but it seems more and more likely that as the markets tank further, people will be more willing to part with their retirement plans, be they 401(k) or whatever, in favor of what Hopey McChangeSnorter proposes to replace them with (read: SS Part Deux).
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Offline rich_t

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #11 on: March 02, 2009, 08:10:12 PM »
Quote from: NHSparky on March 02, 2009, 08:02:40 PM
I'd love to give credit where due, but it seems more and more likely that as the markets tank further, people will be more willing to part with their retirement plans, be they 401(k) or whatever, in favor of what Hopey McChangeSnorter proposes to replace them with (read: SS Part Deux).

I won't be one of them.  I'd rather drop off the grid 1st.
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Offline NHSparky

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #12 on: March 02, 2009, 08:13:04 PM »
Quote from: rich_t on March 02, 2009, 08:10:12 PM
I won't be one of them.  I'd rather drop off the grid 1st.

Hey, I get that.  But let's look at it another way.  You've got two rather large groups of people--1 the group which is facing retirement in the relatively near future (<10 years) where they might not recoup their losses, and 2--younger people who haven't saved jack shit yet anyway.

Think those folks would be an easy sell?
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Offline rich_t

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #13 on: March 02, 2009, 08:17:36 PM »
Quote from: NHSparky on March 02, 2009, 08:13:04 PM
Hey, I get that.  But let's look at it another way.  You've got two rather large groups of people--1 the group which is facing retirement in the relatively near future (<10 years) where they might not recoup their losses, and 2--younger people who haven't saved jack shit yet anyway.

Think those folks would be an easy sell?

Many of the older folks for sure.  My mom is scared shitless right now over the beating her 401k took last year.

Too many of the younger folks don't know shit from shinola  and will unfortunately shallow what they are told is "good" for them.


The next 4 years are really going to suck.
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Offline TheSarge

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #14 on: March 02, 2009, 08:30:10 PM »
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bama Declares War on Investors, Entrepreneurs, Businesses, And More


Marxists hate the free market...it's only natural.
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Offline JohnnyReb

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #15 on: March 03, 2009, 06:59:29 AM »
DOW at 6,750 ?????? Just Obama spreading the wealth around.








So he's spreading it a little thin............it's gonna get thinner.
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Offline Chris_

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Re: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
« Reply #16 on: March 03, 2009, 11:08:57 AM »
Quote from: JohnnyReb on March 03, 2009, 06:59:29 AM
DOW at 6,750 ?????? Just Obama spreading the fertilizer around.

So he's spreading it a little thick............it's gonna get thicker.

Fixt.
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