Comments on: Thoughts About Obama’s First Day On The Job http://www.paulhobson.com/wordpress/2008/11/thoughts-about-obamas-first-day-on-the-job/ My Thoughts About God, Government, Geeks, Games, and Goofy. Wed, 08 Feb 2012 16:18:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Paul http://www.paulhobson.com/wordpress/2008/11/thoughts-about-obamas-first-day-on-the-job/comment-page-1/#comment-1253 Paul Sun, 09 Nov 2008 18:46:03 +0000 http://www.paulhobson.com/wordpress/?p=389#comment-1253 Hey Austin, Thanks for the comment. I do get that Obama is currently the President Elect. The stock market however shifts on day to day perceptions and perspectives of what the economy is doing now as well as "best guess" predictions of what it could be doing in the near future. With Obama wanting to raise taxes on businesses, my fear is that businesses won't stand for lowered profits, but rather cut research, raise prices to the consumers (you and me) and lay people off, which cuts even more money from income taxes. The reason the stocked market tanked even more with the election of Obama, seems to be due to businesses worried about how his tax plan will effect their profit so they are starting to pull out of the market. It will be very interesting to see what happens... As for the problems we're facing now, that is due directly to the criminal abuse of Fanny and Freddy (on the part of both parties) and the government have to make money up to cover these up. But that's a whole other topic... Hey Austin,

Thanks for the comment.

I do get that Obama is currently the President Elect. The stock market however shifts on day to day perceptions and perspectives of what the economy is doing now as well as “best guess” predictions of what it could be doing in the near future. With Obama wanting to raise taxes on businesses, my fear is that businesses won’t stand for lowered profits, but rather cut research, raise prices to the consumers (you and me) and lay people off, which cuts even more money from income taxes.

The reason the stocked market tanked even more with the election of Obama, seems to be due to businesses worried about how his tax plan will effect their profit so they are starting to pull out of the market.

It will be very interesting to see what happens…

As for the problems we’re facing now, that is due directly to the criminal abuse of Fanny and Freddy (on the part of both parties) and the government have to make money up to cover these up. But that’s a whole other topic…

]]> By: Austin http://www.paulhobson.com/wordpress/2008/11/thoughts-about-obamas-first-day-on-the-job/comment-page-1/#comment-1252 Austin Sun, 09 Nov 2008 18:06:02 +0000 http://www.paulhobson.com/wordpress/?p=389#comment-1252 You understand he's the President-Elect and not the current President of the United States right? Obama doesn't start the job until Jan. 29th. The problems we are facing in our economy are a direct result of Republican foreign and economic policies unfortunately. The majority of Americans understood this and now we have a Democrat in the White House. You understand he’s the President-Elect and not the current President of the United States right? Obama doesn’t start the job until Jan. 29th. The problems we are facing in our economy are a direct result of Republican foreign and economic policies unfortunately. The majority of Americans understood this and now we have a Democrat in the White House.

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