Obama is BAD for the US economy

The hall mark of his campaign is recent weeks is his penchant for touting "tax breaks". This is laughable on it's face. Obama has NEVER, in his entire political career, voted to cut ANY tax. He is admittedly committed to rolling back the very real tax reductions under President Bush.
This will result in tax increases for ANYONE who actually pays income tax.

The point is that the Obama tax increases WILL kill off a good number of businesses that have been hanging by a thread. It is simply poor policy to increase taxes at a time when most sole-proprietorships are struggling. It is even poorer policy to do it on a class-warfare basis.
This is exactly what Obama is going to do.

Increase their burden and you have a domino effect that kills these businesses, reduces receipts to the state and federal treasuries, and eliminates the jobs and velocity of capital that these businesses generate.
This is basic economics that Obama is oblivious to.
It doesn't faze him because he is a Socialist who doesn't have the slightest clue about what is required to actually operate a business.

The first thing to happen, for a failing business, will be paying vendors late. This will include the Tax Man as well.
Then they will shift vendors when put on credit hold or COD.
Next will be eliminating health benefits.
Next will be eliminating positions entirely.

You can not love jobs but hate and attack employers.
Unemployed workers can collect unemployment for a time.
Business owners whose businesses have failed can NOT collect any such benefit even though they are the ones who paid for it for everyone of their employees.

Obama may win the election but lose the war.
If Obama\Pelosi et al get their way, an Obama Presidency would be marked by the longest economic contraction in US History and would effectively kill the democrat party.

When the unemployed realize it was their own vote for Obama that caused their unemployment, it will NOT be a pretty picture for congressional democrats.
Obama will end up making Jimmy Carter look like a genius in comparison.

October 24, 2008 Financial Market Panic

There can be little doubt that the market volatility on Friday was due to a great fear of of an Obama Presidency.

It is clear that Obama and his supporters are ignorant of basic economic principles.

The most important of which is that there is no validity to the thought that you can tax your way to prosperity.
This is the cornerstone of Obama's economic policy.

The problem is that there is absolutely ZERO empirical data,
in the entirety of human history, to even postulate this ludicrous thought as a possible solution.

The democrats have tipped their hand and it is a deliberately socialist move. Their move, made public on Friday, to literally CONFISCATE current 401k accounts and essentially absorb them into an IOU system similar to what has been done with Social Security spells the end of this nation if it is allowed to happen. It will complete a sacking of the treasury from which there can be no recovery.It will create a debt that is insurmountable given the penchant for spending inherent in democrat ideology.

Wait until the MoveOn.org types get a wiff of how their freedoms will be curtailed under a possible Obama Presidency.
It will be the most staggering case of buyers remorse in US history.