How to create a Depression. . .“while the Federal Reserve is predicting that unemployment from our current recession will remain high through at least 2011, President Obama plans to raise taxes on small businesses, corporations, and all Americans who invest in the stock market.” Morning Bell, Feb. 23.
That should make the markets respond--by going down even more. Thus the Obama Depression.
Investor's Business Daily reported in mid-October on the causes of a 6 week slide in the stock market:
- • The imminent election of "the most anti-capitalist politician ever nominated by a major party."
• The possibility of "a filibuster-proof Congress led by politicians who are almost as liberal."
• A "media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises." And things haven't improved.Link