The likely reality is that Zero’s realized deficit will be substantially larger than his proposed one. One has to suppose that tax receipts from many millions of newly unemployed will diminish. We will likewise see much lower tax receipts from no longer profitable companies. Capital gains taxes? Who has a gain? Raising spending at this time is risky stupid. Republicans should be preparing to attack Zero’s underestimated deficit. They should raise the spectre of a $2.5 - $2.9 trillion deficit instead of the $1.9 promised. Relying on the untested agitator is a recipe for disaster.
er.... uh .. me. I sold when McCain looked like the front runner for the Republicans. Have been in cash since mid 2008. Pretty much the same scenario that happened when Clinton took office.
Obama is a clown. He'll get nothing done except make the adults in the world pay for a teenage boy driving daddy's car all night after getting drunk.
We're going to have to pick up the mess, but we're still going to be on top of the pile. Unfortunately the pile is going to get deflated, inflated and somehow the property tax dilemma is going to have to be solved. In other words, if your property is now down 30%, is your tax bill adjusted down 30%.
Every single conservative needs to file an adjustment in those states that allow it. Possibly an attorney can file class action law suits in order to starve the beast some more. bwahahahahahaha... this is going to be fun.
My humble opinion on the stock market. Wait for Obama's plan on medical reform and the energy cap and trade policy to come out by the end of this year. That should just about kill the other two industries in our country that make money. Find the companies with the lowest long term debt to cash and see which ones interest you. That goes for banks as well.... Like Wells Fargo, Mellon Bank, JP morgan.....
Of course I could be wrong as the saying goes ,