Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011

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Originally Posted by Slingin Sammy 33

Apparently the folks who understand the finance of this country don't like it, the Dow is down from about 9000 on Jan. 6th to below 7300 now. What's changed? Obama has come forward with his proposals for U.S. fiscal policy. Because a majority of Americans bought into Obamamania doesn't mean it's good for the economy.

and yes saden, if the economy turns around due to Obama's policies, I will give credit, however it has never happened historically.

Obama has a win win situation no matter what he does pretty much. Most say the economy will start to come back in the next year so any increase in jobs or anything Obama wins. He took office at almost rock bottom (well I guess it could get worse) so anything he does if the economy starts to come back he will point to them even if his policies did not help one bit. Thats how the game works and unless he really screws things up he sould be guaranteed 8 years in office. I know its early to say that but I believe in our market and while it has taken a hit it will survive. I just don't see how he can loose. So then we will see even more social programs in his second term and I think thats when we have major issues. There are just to many people who have their hands stuck out and not enough people paying into the system.