~^ beancounter ~^ wrote:

Beneath Obama's flowery rhetoric lies a dangerous
economic plan that will wreak havoc on the American
economy.

Obama plans to return to the failed policies of high
taxation coupled with an expansion of government spending.
Worse, Obama says he is absolutely committed to almost
doubling the capital gains rate — something he will easily
accomplish with a Democrat Congress.

In the coming months — when investors realize that
Obama will raise the cap gains rate — there could be
a stampede of asset sales as investors rush to take their
profits now to avoid Obama's doubling of the tax rates next year.

"Wreak havoc on the American economy." Good one.

Not that I don't think failed economic policies *could* lead to a
stampede of asset sales, mind you.......

g

After 21 Jan 09, Dow could fall from, oh, 1000 to 500 maybe.

- JR