Think Obama will announce a major tax hike this week to cut the deficit in

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caligirl

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half (after he just quadrupled it)? Obama will announce a giant tax hike this week...will that accelerate the market's freefall?
It is in the news... announcement expected Tuesday.
 
Wait till the next budget.

There may be another bank bailout, and another auto bailout too.

The tax hikes will be many and subtle. More people will bounce in to AMT, and odd variety of fees will be imposed, social security and investments will be taxed, etc etc.
 
What in the hell is this guy thinking? I am beginning to think he is trying to make the market collapse. ???????
 
Maybe, but, I think he is going to do a Jimmy Carter maneuver. I think he is just going to print as much as he thinks we need.
This will simply make the money that we have worthless, or nearly so.
This will help home owners with big mortgages, but will screw the banks. The payments will stay the same, but, wages will go up. Of course, the price of food will REALLY go up.
I think this will be the year of a lot of starvation in 3rd world countries, especially Haiti, Zimbabwe, North Korea, and South Africa.
 
It seems that is what he is going to do. It is inscrutable other than maybe his advisors believe that that deficit is having a more negative effect on the stock market or the capital markets than unemployment.
 
He has already stated that after the Bush tax cuts expire in 2010, the taxes will go up.
 
Why not? the decline of the market is part of the plan. oblama and the democrats are focuses on taking the market down, the lower the better for them. They don't have to worry about winning an election for a while so now they can do what the really want to do. And they're not gonna risk another election if they can help it, so this time they're gonna do it right. With the worldwide economic slowdown and the democrat-created housing crisis here in the US, the timing is perfect to devastate the American economy and make nearly all Americans dependant on the government, on democrats, so they can remain in power forever and the liberals can control us all to create their idea of utopia, which can never exist. We're all screwed to hell.
 
Nope. Why would he announce a tax hike when he just gave a bunch of tax cuts??
 
how can anyone know for sure when the man himself doesn't know? Besides, he has to ask Pelosi first
 
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