KILL THE WISE ONE
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Fri Aug-05-11 01:24 AM
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As I see it, the Tea Party Tax just taxed major US corporations and stockholders |
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Edited on Fri Aug-05-11 01:26 AM by KILL THE WISE ONE
Way more then the Democrats ever proposed.
As I believe in Keynesian Economics I pulled all my meager 401k funds from the stock market last Friday. Apparently so did a large group of other people this week.
The Debt Ceiling outcome makes it imposable to the Government to encourage growth in demand. In this environment growth of cannot be maintained. So stock prices must fall.
I read a lot of history and it looks to me like 1937 is being repeated.
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krispos42
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Fri Aug-05-11 01:29 AM
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1. $800,000,000,000 of stock value wiped out yesterday. |
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Doubtless, this is Obama's fault.
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Capn Sunshine
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Fri Aug-05-11 02:06 AM
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Still way lower than the percentage most Americans pay
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Turbineguy
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Fri Aug-05-11 05:12 AM
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3. Teabaggers introduce tax on holdings. |
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Tue Apr 30th 2024, 05:17 AM
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