You can be a the best economy in the world even if you don't produce things; you just have to replace the productivity with services that the producers need.
The market would probably embrace higher taxes, but only if it were to be used to pay off debt. Not to finance more spending. In fact, paying off Govt. debt would probably be the best thing to get a long term market increase.
Telling Wall St. he won't raise taxes on them would be a good start. It won't fix everything, but it won't cause a decrease in already ailing markets. You clearly don't understand the Psyche of the markets.
How the hell am i making it up? It's common knowledge. If Obama says capital gains taxes are going up, the market drops, even before the rates actually go up.
ps: not that it's any of your business, but i earned 23% on my money last year.
Jim Cramer (a die-hard democrat) called Pres. Obama's budget a "radical agenda," adding, "This is the greatest wealth destruction I've seen by a President."
The market reacts to news before it even happens. When Obama says he will spend $1 trillion,and raise taxes he is giving the market bad news. I called this is October, and it's playing out just the way i thought it would.
In addition to Charlie Frye and Ray Willis, free agent C Melvin Fowler will visit the Raiders on Tuesday.
Fowler lost his starting job to Duke Preston in Buffalo last season and won't be re-signed. He'd figure to back up John Wade at center for the Raiders.
http://rotoworld.com/content/playerpages/p...NFL&id=2584