Obama & Democrats Likely To Cause A Deeper, Longer Recession
You don't have to look far for evidence that "Latte Drinking Liberal Elitists" have ZERO understanding about economics:
I figure that under Democrats taxes might be a little higher, but this is more than offset by both increased business income and increased returns from the stock market under a the Democrats as compared to the economy under Republicans.(Ron ChusidThe Useful Idiot on the Liberal (ill)Values Blog: Why We Latte Drinking Liberal Elitists Can Vote Democratic.)
It might seem incredible that over the past year, with the looming credit crisis and the bursting housing bubble, a normal functioning human being could really think that raising taxes on the most productive segment of the population is a good idea, but — never underestimate the utter intellectual corruption of an "elitist" hopelessly steeped in liberal ideology.
Investment experts (who's clients, high income earners, already pay the lion's share of federal and state taxes, exactly the type of people Ron Chusid The Useful Idiot can't wait to tax even more) are sounding the alarm:
Peter Schiff, president of Euro Pacific Capital and author of 'The Little Book of Bull Moves in Bear Markets,' fears a big-government Obama administration will lead to an economic collapse on par with the Great Depression.
Schiff, while probably/hopefully alarmist in predicting another depression, is not easily discounted. His book, Crash Proof: How to Profit From the Coming Economic Collapse, accurately predicted the credit crisis in 2006. As Iraq was an opportunity for the Neo Cons, so for the political left, this crisis is the opportunity of a lifetime for their agenda, and Schiff believes the current Democratically controlled government "will seal our fate as a second-rate economic power" for decades to come.
Donald Luskin, Chief Investment Officer with Trend Macrolytics LLC says high income investors have absolutely no faith in Obama's economic platform:
It's reasonable to assume that part of the decline in the stock market over the past 6 weeks has been because the Democrats looked increasingly likely to sweep into power.
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Economy , Taxes , The Passion Of The Left
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