October 9, 2008

• Wall Street Isn’t Dumb

  So the Dow plunged again.  What gives?  Haven’t they been informed?  The government is bailing out lenders.  It may even bail out California.  Or Michigan (Didn’t a representative recently go to Ford company on September 16, 2008 to discuss Ford company receiving government loans?  It’s already happening, people.  We are bailing out Michigan.).  Or Delaware.

  So why are people cashing in their shares of the market?  Could it possibly be because they think that capital gains taxes are going to increase under Obama?

  Oh, but no!  Obama promises that he’ll cut capital gains taxes to small businesses.

  What’s wrong with this picture, folks?

  If you can’t answer “Small businesses usually don’t have shares, and therefore don’t have capital gains taxes,” then you just fell for a line of bullshit.  One of many coming out of the mouth of that dipshit.

  And apparently people are falling for it.  Doesn’t *anyone* take economics in high school anymore?

  • 8:12 pm
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