Depression 2.0

19 Jul 2008 /

Mr. Obama is proposing to raise taxes on capital gains and dividends by a staggering two-thirds, moving the rate up 10 percentage points to 25%, which could curtail investment and business on Wall Street, a backbone of the city’s and state’s economy.

OK, let me get this straight . . . the stock market’s dropping, banks are failing from lack of liquidity, no one wants to invest in American companies, and Obama’s solution is to raise the capital gains tax?!

In the event of an Obama presidency, I will taking a long position in blankets, canned goods and shotgun shells . . .


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