Forbes acts like this is news. Where have they been hiding?
Similarly pointed out in a rare event in a straight news story earlier today. Someone probably got fired for this.
“President Obama; that’s why people aren’t buying stocks,” says Todd Schoenberger, managing principal at The BlackBay Group.
1. Companies aren’t going to hire with the increased expenses associated with Obamacare
2. People aren’t going to have money for discretionary spending when taxes going up for the 1%
3. Small business owners won’t expand
4. Higher tax rates for individuals making over $250,000 a year will result in a general lack of ambition.