Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (50657)	10/7/2008 11:45:28 PM
From: Kenneth E. Phillipps	Read Replies (3) \| Respond to of 224704

Ann, interesting proposal by McCain to have the Government buy up the bad mortgages and renegotiate the terms. What is your reaction?

To: Ann Corrigan who wrote (50657)	10/9/2008 10:16:59 PM
From: Hope Praytochange	4 Recommendations Read Replies (1) \| Respond to of 224704

How destructive to the U.S. economy would a Barack Obama presidency be? . 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. All of these issues and more are explored in Newsmax magazine's special report "Obamanomics — the Coming Tax-and-Spend Nightmare," by Wall Street Journal columnist John Fund. This Newsmax magazine special report gives Americans the first in-depth look at the Democratic presidential candidate's likely strategies — and how they will affect not just the larger economy, but your personal wealth as well. Indeed, Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars. He also wants to do away with the $102,000 FICA payroll tax cap, which means anyone making over $102,000 would pay an additional 7 percent in taxes on earned income. And the loan dividend tax rate George Bush implemented? Under President Obama it will be DOA!