According to CNBC news, president Bush said American market will...

According to CNBC news, president Bush said American market will be a lot worse in 12 months before it can get better. Coincidently, new elected president OBAMA re-state what "BUSH" said plus another 4 years maybe. His solution in his speech before August was to raise more taxes (higher tax on the riches) on business and give it to the health care... This is one of the more concern in USA that leads to big sell off in US equity market. Another point of view is, his policy will be concentrate on self development (ie. dig his own garden and grow his own vegetable etc), eliminate (cut off most of the business) importing goods & services with other countries, China, Russian and other global economy will have to live on their own....