Obamonomics Chilling Investors - Lefthandedness
Obamonomics is sending chills up the spine of the investment community. Beneath Obama’s flowery rhetoric lies a dangerous economic plan that will wreak havoc on the American economy, says an analysis in Newsmax magazine. Specifically, it says Obama plans to return to the failed policies of high taxation coupled with an expansion of government spending.Worse, Obama says he is absolutely committed to almost doubling the capital gains rate — something he will easily accomplish with a Democrat Congress. In the coming months — when investors realize that Obama will raise the cap gains rate — there could be a stampede of asset sales as investors rush to take their profits now to avoid Obama’s doubling of the tax rates next year.
One thing is certain whoever is elected President in November half the nation will be despondent, and if this election is like all other since World War II the stock market will decline.
One thing is almost certain the next President of the United States will write with his left hand both Obama and McCain are lefties. So did James A. Garfield; Herbert Hoover; Harry S. Truman; Gerald Ford ; Ronald Reagan; George H.W. Bush, and Bill Clinton. Left handedness has a Latin root for sinister, and at times left handedness was believed to represent deviltry and evil or things sinister or the opposite of dexter associated with right handed or dexterous – skillful.
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