Rich/Corporations Cutting Off Nose to Spite Ugly Face!

[DemocracyInaction]

On CNBC, Donnie Deutch (sp.?) pointed out that things are now in "rediculous" mode and what we are seeing now in the stock market is the rich and corporations throwing a tantrum, stomping their feet, holding their breath because they are wild about going to have to pay bigger taxes (income, capital gains, etc.). It's there "destroy Obama" mode.

I agree. There are getting to be great bargains out there for the taking; and the rich/corporate investors, etc. who are the first to stop acting like bastard kids and begin to suck down the bargains are going to come out richer than ever. The ones who keep holding their spoiled breaths (like Kudlow)will be crying that they didn't buy the bargains. This is going to become a waiting game to see if the American people go for Obama's neck first OR if the greedy just can't resist the bargain. Hey, the American people are used to hurting--the rich just can't sit on the sidelines and hold their greed in check for long.

[Cant trust em]

1. This would have happened under any democrat

They'll complain and moan for a while, but then things will cool off and they'll remember that America is still a great place to do business. Somehow taxes going up 4.5 percent for wealthy is going to end American business as we know it.

The sky is falling!

On edit: Taxes for the $250K+ crowd are going up from 35% to 39.6%.

[NewJeffCT]

2. Do they want any cheese with their whine?

They said the same thing with Clinton raised taxes on the wealthy in the early 90s and the economy still soared.

Heck, they even said it when Reagan raised taxes in the mid 80s, and the economy still did well despite the tax increase.