Why President Obama will be good for the economy

Wow. You've really been drinking the Kool-Aid. Obama voted for the farm bill which was as heavily laden with earmarks as ever, including the ridiculous sugar subsidies to the Florida billionaires. He's going to raise the level of Soc.Sec. tax to $200k base which is a huge tax on the middle class. Raising capital gains taxes is not going to put more money in consumers' hands. Bizarre comment. The Dems can't control spending, so how is the budget going to get balanced to strengthen the $? Doubt the Reps will be any better, but really what on earth are you talking about here?

Raising capital gains tax? Watch the selling of stocks go higher than a kite when the current 15 percent rate is due to expire.

These fiscally sound policies will strengthen the dollar which will help drop the price of gasoline and food. Obama will also create incentives to encourage investment in alternative energy

Like subsidies for biofuel which is proven worse than gas, increases the price of both fuel and food, get the poor with a twofer there.

Seriously do they filter the articles here? At least I have forewarning against hiring anyone out of Babson College, whatever the hell that is.

One thing about McCain is that his financial advisor is Phil Gramm. Phil Gramm is in the pocket of big banks. He is responsible more than any other person for pushing through a bill that led to derivative speculation with mortgages. Because of his sponsoring the bill that allowed big investment banks to speculate on sub-prime mortgages we are in the mess we are in. The policies of the last eight years have bankrupted the nation. It is estimated that our children could pay back the national debt if they doubled the tax rate for them for their whole lives. The fiscal policies of the people in the White House and Congress are shameful and are aimed to fill the pockets now and put the burden on future generation.

obama, A person who does not respect the American flag. obama, A person that has ties to a religion that wants to change American culture. obama, A person whom was named after one of Americas most dangerous enemies, (saddam hussein) a person that does not deserve the capitalizatin of his name. obama, A person whom was so proud of his middle name to start out, why is it never used now? McCain, A person who has proven himdelf to be a true blue American, he may have some Bush ideas, leave it up to congress to control that, this is a great country and it needs a leader who believes in America.

Raising the capital gains tax will also make sure that no one from the middle class can invest and save and become rich. Thats all these politicians do is keep the poor and middle class where they are. If you invest and save they dont want you to become rich, then you wouldnt need them to take care of you. How about a program that rewards you for saving and investing so you will not be dependent on government programs.

the saddest discourse in politics is not the politics itself but the people who are blinded by it.

More taxes for those who pay a disproportionate share of them already! And damn those investors! We don't need them to put money into companies that supply jobs for our economy. Tax them over and over and over. To hell with those who help keep our economy humming!

Why did you give this fool space? Peter doesn't seem to understand the economice that govern this democracy. With teachers like this--????

BS

Wow! Teaching BUSINESS, of all things at a college.
How did this guy even get a job with his kind of thinking - let alone having "his own business". He does not even know what it is that keeps this economy running! Ever try to get a job from a poor guy????

Neither Democrats nor Republicans can control federal spending. It is time to try the Libertarian approach and starve the governmental beast into submission. Vote for Bob Barr!

I predict a "LANDSLIDE" election for the Democrats in November. The stock market will plunge to 7,500 and the American people will finally wake up and stop buying gasoline and stop paying on their credit cards and bring these corporations to their knees. We need to bring back manufacturing & growing and developing American owned companies so we can all work to pay our bills and have a decent life. I also think it is time to bring back Labor Unions to protect our rights as employees. Let's get rid of all our current elected officials and take our country back before it is too late. We are almost there now!

The thing that kills me is that there is no shortage of oil in this country or around the world for that matter. The US has a 97% reserve capacity. The problem is that since 2001, the 5 leading Oil companies had hostile takeovers of over 2100 independent competitors, leaving no competition, which in turn has lead to "PRICE GAUGING".
The best things "We The People" can do to revolt is to get even with these companies. As far as credit cards are concerned, we should use them, run them up to the limits & then declare bankruptcy so they never get their money back. Don’t stress out if you can’t pay them back. The banks are a huge contributor to the poor economics and downfall of this country. Can you imagine allowing people to get a line of credit without even submitting a pay stub? You can have 40 credit cards and no one cares that this could lead one to being financially over extended in a short period of time. Besides the fact that the banks were able to invent creative financing for mortgages. Can you imagine giving a mortgage to someone at 100% financing, adjustable rate or a stated income loan? That smelled instant disaster and the banks encouraged it because they were making points (upfront profits) on the loans before selling them off to another lender who then in turn got stuck holding the bag when people could not afford to pay.
As far as gasoline is concerned….Stop buying it! Walk, ride your bike or take mass transit. Do not in the future buy a car that requires gasoline. If consumers would just realize that there are alternatives to every product we would be in better shape. And for God’s sake….we need to start developing and retaining American companies so that people would have jobs. We need to bring back manufacturing and labor unions to protect our salaries and work load. The average American is required to work 50 hours a week at the same pay as 40 due to downsizing and no cost of living increase.

The sickos that still think that ANYTHING the Repugnicants did in the last 8 years helped the people of America(other than the top 5% income group)will be explaining to their grandchildren why they are saddled with a 56 Trillion dollar debt, why we did not do like Brazil and make our country run without oil and why 5000 GI's died and 15,000 are without limbs and 40,000 are mentally ill.
Then they can send the bush and cheney families a thank you card.I would send an F You card but they're not on the market yet.They will be.

Peter,

Are you aware that everything that bothers you about the current administration has been accomplished at the hands of a congess controlled by DEMOCRATS?

Are you aware that the Democrat speaker of the house has unarguably committed TREASON?

http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/04/pelosi-perfidy.html

How do you feel about this Obama character giving your country away to the United Nations?

http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/

I think your party's and your candidate's agendas are quite questionable, Peter. But of course, that's just my opinion.

If he's so American why didn't he salute the American Flag when they marched.. everyone else did.. and this church.., he didn't know what they talked about there , he did go there for many many years.. open your eyes...Do you really know this man?

My own perception is that both Obama and McCain will have mixed results in stimulating the economy.

Most studies seem to support that the capital gains tax cuts put more money in the federal treasury not less and contributed to the countries economic growth. Even Obama when questioned about this, and his raising the rates, wavered upon review.

Regarding Iraq, I think that Obama's desire to rapidly withdraw our armed forces and McCains wanting to maintain our operations will turn out to be similar in time frame, for most of four years. Logistics will not allow a rapid draw down of forces.

Lastly, as I read and re-read your post, as a colleague and admirer, I think some objectivity has been lost somewhere.