Look around. American banks are failing because of a lack of capital. Our biggest financial institutions are selling pieces of their equity — and their souls — to sovereign wealth funds to raise cash. The debt pyramid constructed by Fannie Mae and Freddie Mac is tottering. All because of a lack of invested capital. After all, why should anyone invest in American stocks? The market is dropping, the dollar is weakening, and interest rates are the lowest in the world.
Now Obama pledges to double the capital gains tax. This misguided policy will drive capital off shore and turn a flow into a torrent. The financial problems of American banks will be amplified. McCain should pounce on this issue and correlate the current crisis with Obama’s position on capital gains. It would be a big winner.
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With all the political counters that you provide to the media, newspapers, and your subscribers, it seem that it all falls on deaf ears……except for us who follow your career. Why hasn’t some campaign manager not approached you to be an advisor is beyond my rationale. Should McCain take advantage of Obama’s positions on issues and counter? He should, but McCain can even respond to a simple question as to his position on Viagra and Birth Control pills pretaining to health insurance coverage….and believe that is a moot point considering the state of this nation. I truly believe that McCain has surrounded himself and his campaign with derivates and ideas of the Bush administration…..old guard politicans and advisors, who like himself, are lost in time.
Obama’s image to Americans is “change”, but the more I read your analysis I believe that his change is an “extreme makeover.”
[…] CAPITAL GAINS TAX INCREASE A BIG OBAMA VULNERABILITYNow Obama pledges to double the capital gains tax. This misguided policy will drive capital off shore and turn a flow into a torrent. The financial problems of American banks will be amplified. McCain should pounce on this issue and … […]
[…] this interview, Fox News analyst Dick Morris started making the claim that Obama pledged to double the capital gains tax. This is simply false. A) He pledged nothing. B) He simply gave a ceiling as to […]