obama and the coming stock market crash

Not sure if all this will come true, but no harm in being ready for it if it does....

"Obamanomics — the Coming Tax-and-Spend Nightmare"
by Wall Street Journal columnist John Fund.

How destructive to the U.S. economy would a Barack Obama presidency be? An exclusive Newsmax analysis warns: There could be a very rough time ahead.

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.

Indeed, Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars.

He also wants to do away with the $102,000 FICA payroll tax cap, which means anyone making over $102,000 would pay an additional 7 percent in taxes on earned income. And the loan dividend tax rate George Bush implemented? Under President Obama it will be DOA!

Obama's policies could cost more than $850 billion over four years. The dire repercussions of Obama's minimum wage proposal for small businesses and retail outlets will bankrupt small business.

Obama's Social Security plan is a giant income-redistribution scheme. To pay for this Obama plans to boost some tax rates to 60 percent. Obama's also plans to double America's foreign aid and implement trade policies which would damage U.S. multinationals.