Day 2 of the markets embracing a “Hope and Change” economy
Markets are still down big. I keep wondering why businesses are feeling pessimistic about the future. . . below are a few of my hunches:
- Democrats wanted to impose the Kennedy Sick Leave Act on companies with more than 15 workers
- Obama campaigned to to increase taxes on all Americans making over $250k $200k $150k $120k per year — including that lyin’ SOB Joe the Plumber who, although he may end up buying a $250k/year company, would end up receiving a tax break! Which would be negated by. .
- Obama’s counterpunch of forcing small businesses making over $250k per year to purchase health insurance for their employees or pay the equivalent amount into a national subsidy fund. There went Joe’s tax break.
- Democrat’s agenda to eliminate the secret ballot in an effort to drastically increase unionization among American workers. Joe the Plumber will need to retain a labor lawyer. There were two leading factors driving the exodus of many American manufacturing jobs overseas–taxes and unionization. Here we have “intellectuals” arguing for even more of it to save American jobs.
- Obama’s plan to institute a cap and trade ‘economy’ that would intentionally force energy prices sky high and force certain types of energy providers to go out of business.
- Democrats pondering the effects of nationalizing your 401k savings, all of which is funded by wages paid by American business..
So yeah, everything should work out just fine, but I’ll keep watching.
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