Cavuto and Kelsey Grammer discuss how the market crash is Obama's fault (capital gains tax)

[underpants]

The two opened the segment with talk of the stock market, which Grammer said he got out of "sometime in July," because he was worried that "something like this would happen." A few minutes later though he said, "When I realized that Barack Obama was serious about raising capital gains taxes I thought, you know what, I'm going to stand back and see what happens, get away from this for a while and take my gains, pay the lower capital gains on them now, and then take a wait and see approach after that."

Cavuto said he has heard people say that "for fear of the capital gains rate going up under a potential Obama administration I'm getting out of Dodge now. Do you think a lot of people are doing that?"

Grammer said, "I think, don't know if a lot of people did that, but I think now they're waiting before they get back in, to see what happens. I am."
http://www.newshounds.us/2008/10/09/it_was_only_a_matter_of_time_obama_to_blame_for_the_stock_market_crash.php

[TwilightGardener]

1. He's pretty much ruined Frasier reruns for me. What an ass.

[springbay]

18. Me too...how disappointing.

[progressoid]

26. The best part of Frasier was all of the other characters.

If an episode centered on him, it was boring anyway. But I like the ones about Niles or Daphne or Roz etc.

[CJCRANE]

2. It's no longer Clinton's fault!!!

It's a new era in RW talking points.

[Canuckistanian]

10. It's the "Dawn of a New Error", so to speak.

It's AMAZING how Obama managed to cause SO MUCH DAMAGE is such a short time.

But of course, he has no experience.

[sinkingfeeling]

3. Sure, right. Not many people pay any capital gains taxes on losses!

[orwell]

4. And now it's time to play...

....blame the black man, with your hosts Neil "Wheel of Fortune" Cavuto and Kelsey "Cheers to America" Grammer.

In this exciting episode, two BushButtBoy Millionaires discuss the scary terrorist black dude's plan to take away a minor portion of their glittering ill gotten gains to help pay off the hemorrhaging US debt.

And now a word from our sponsor, Lehman Brothers Wealth Management! Lehman Brothers...you know they're right...because they're white!

[vanderBeth]

5. Thank God! I have to know what Fraiser thinks!

[unpossibles]

11. wait...

I thought the right didn't want to hear celebrities' opinions...

[TwilightGardener]

15. What's funny is, Fox News thinks he's an intellectual because he played one on TV.

[Roland99]

6. CNBC wonks were doing the same but the guy being interviewed said the polls show...

that people WANT an Obama administration.

[bbernardini]

7. I thought he was going to blame the crash on the conspiracy against "An American Carol". nt

[That Guy 888]

25. Awww... Too soon.

I'm sure this weekend will be even more successful than it's opening weekend.


:rofl:

[TahitiNut]

8. The capital gains tax has NOWHERE TO GO BUT UP!

Currently, it's ZERO PERCENT on long-term capital gains for folks with less than about $35K in wages and salaries (i.e. "ordinary income").

OF COURSE people are going to cash in! (Sheesh!)

[underpants]

17. But Kelsey is one of us

At the end of the Frasier run he was only pulling down $1.6 Million....per episode

http://findarticles.com/p/articles/mi_hb5053/is_/ai_n18381455
GRAMMER TO GET $1.6M PER EPISODE.(Actor Kelsey Grammar, star of television program 'Frasier')(Brief Article)(Statistical Data Included)

[Sheets of Easter]

9. And yet they bash Hollywood types as know-nothing puppets when an actor makes a political statement.

Hypocrites.

[JHB]

13. I'd love to see an interviewer underscore that by addressing him as "Ms. Streisand"...

...or "Mr. Redford", or "Mr. Clooney", etc.

[ramapo]

12. I just had this argument with my co-worker

He is afraid that Obama is going to "take everything away". He says Obama will raise the tax rate on gains and dividends (which is true) and that this will kill the stock market and business startups, which I say is nonsense. He says Obama will increase tax rates (true to an extent) and that this just isn't fair.

Now my co-worker is very well off and is well above the 250K mark.

First the capital gains and dividend argument. I believe Obama will put these rates back to where they were under Clinton. I asked my friend how much more he has invested with the additional gains and dividends he has made under the Bush cuts. No answer to that.

I asked how many startups won't happen because entrepreneurs don't want to pay a higher tax rate when they make a lot of money and they wind up in a higher tax bracket. He agreed, probably none.

Now to taxes...this guy just goes nuts about his tax rate going up. Again, I ask, "Did you really suffer under Clinton?". Well of course he didn't but he just feels it is so unfair that he's going to have to pay more.

His arguments are all about greed. I've got mine and deserve to get even more.

[underpants]

14. This capital gains argument is standard fare with the Wall Street types

I have read how everyone agrees that Bush lowering cap gains lead to the stock market boom

something like that. It doesn't make sense at least not on the scale that they claim credit for.

[gravity]

16. I think we should worry about getting capital gains first

You are lucky if you are paying capital gains tax this year

[frylock]

19. we should all value the opinion of drunken coke-heads

[JVS]

20. It must hurt to be that full of shit.

[Stinky The Clown]

21. Thgis is obviously a talking point from the RNC

Gasparino was saying the same shit on C- and MS- NBC

Rat fucking bastards

[alarimer]

22. Tax the hell out of these rich assholes

Yes indeed they need to raise capital gains taxes as well as income taxes on the very rich.

That will help a lot more and probably prevent this sort of thing from happening again.

[jayfish]

23. What A Crock Of Horseshite. But If It Were True...

that traders were, in effect, tanking the market because they didn't want to pay taxes then they should get the fvck out of the country. They would be traitors as far as I'm concerned.

Jay

[sallydallas124]

24. Well

everyone knows Kelsey Grammer is an f-ing expert

:eyes: