How destructive to the U.S. economy would a Barack Obama presidency be?
An exclusive Newsmax analysis warns: There could be a very rough time ahead.
https://www.newsmaxstore.com/nm_mag/j... target="_blank">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!
If you are concerned about your wealth and family's financial well-being — and that the American economy remains strong — you must read this special report and share it with friends and family.
"Our constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." John Adams
This is our culture; fight for it. This is our flag; pick it up. This is our country; take it back. Tom Tancredo - 2007 Tom's Military Rules of Engagement: WE WIN!
Winston Churchill - "An appeaser is one who feeds the crocodile hoping it will eat him last."
"Victory will never be found by taking the line of least resistance."
Proud member of the NRA....although I don't even own a pistol or rifle......
The sooner Mecca's ambient temperature is raised to roughly 250,000 degrees fahrenheit, the better.... Insanity: doing the same thing over and over again and expecting different results. Albert Einstein, US (German-born) physicist (1879 - 1955)
What about the Constitution Party? Has anyone looked into that? Chuck Baldwin is runing for President and Ron Paul isn't completely out of the picture yet. Obama and Mccain are bent on destroying our sovreignty. Who says we have to vote for them?
This is our culture; fight for it. This is our flag; pick it up. This is our country; take it back. Tom Tancredo - 2007 Tom's Military Rules of Engagement: WE WIN!
Winston Churchill - "An appeaser is one who feeds the crocodile hoping it will eat him last."
"Victory will never be found by taking the line of least resistance."
Proud member of the NRA....although I don't even own a pistol or rifle......
The sooner Mecca's ambient temperature is raised to roughly 250,000 degrees fahrenheit, the better.... Insanity: doing the same thing over and over again and expecting different results. Albert Einstein, US (German-born) physicist (1879 - 1955)
Plus I believe that if (Oba ham a) becomes President we will be hit by terrorists with emphasis on bankrupting us. They know (Oba ham a) won't do / can't do anything.
"Our constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." John Adams
(CM) theSuperPatriot said: In my opinion, not a chance. Anyway is 40 million even enough?
A third party doesn't need to campaign or do well nationwide. If he wins a key state or two, he can throw the electoral college into a situation where pledged delegates have to change their votes to elect a president. That is unlikely, but much more likely than expecting a 3rd arty candidate to win outright. That will never happen and we all know it whether we want to accept it or not.
"There is only one difference between a bad economist and a good one: The bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen." -- Frederic Bastiat (1801-1850) "In general, Democrats are the only real reason to vote for Republicans." -- Thomas Sowell FeedFwd: a born again coonass trapped in Austin, TX, USA
About the only thing a person can do is thwart people away from BO by passing information on as is given in the Newsmax article and other articles stating his economic intentions.
You can always pretty much convince someone when it comes to their pocketbook--at least try.
You've again hit the BULLSEYE! :) When we get hit......during Obama's socialist administration..what will Mr.Socialist do? Well, let's take a look.
Obama will do the following.
1. Negotiations with Bin Laden (weak!)
2. Consult with the U.N. for tough sanctions. (Even weaker!! Duh!) That will not work. Do what Bush did---ATTACK!!
3. Nothing. Look at the top 2.
Obama and the Liberals will do absolutely nothing. If 9-11 would of occured during Algore's time-if he was prez, we would be doing Islam by now. Thankfully, we got GW Bush. He did the right thing by attacking back.
Sean Hannity, the man who understands what America should stand for.