Elect a Prez, Lose Your Shirt
In the 12 trading days since Obama was elected the Dow has lost over 21%, the NASDAQ has lost 26% and the S&P 500 has lost 25%. This is what happens when you elect someone who in a very bad economy pledges to:
- raise business taxes
- raise capital gains taxes
- raise taxes on the wealthy
- raise protectionist barriers
- implement card check to enable coercive unionization
- spend literally $2 trillion above the already bloated budget