Monday, November 3, 2008

Stocks Pay Price Of Coming Tax Increases

Some Americans are concerned that if Sen. Barack Obama is elected president, his plans for higher taxes on personal income, capital gains, dividends and corporations will damage the economy. It is a little late to be worrying about this. We are already in the midst of the Obama recession.

But to be fair, we should give House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid at least equal billing. Why has the stock market collapsed?

Why wouldn't it?

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