A Look At the Candidates - Part Two - Barack Hussein Obama

Barack Hussein Obama

No, he is not a Muslim.

He is probably the least known of the candidates running. His supporters point to his book Audacity of Hope to learn more about him but his first book gives a much better view of him as a person and his views toward non-Blacks.

Like most Democrats, he sees government as the solution to every problem.

He too engages in wealth and class envy. He wants to raise taxes on the evil rich because, “they can afford it.” He too really needs to read Atlas Shrugged.

From an investor’s point of view, what would it like with President Obama?

  • Less favorable capital gains treatment
  • Unfavorable inheritance treatment
  • Higher marginal tax rates
  • Higher social security and medicare taxes - He wants to remove the cap on social security taxes so every dollar earned is taxes at the full social security ponzi scheme rate.

An investor would have to be much more aggressive in tax avoidance in their investing decisions. That could mean less affordable housing and higher over-all interest rates. Capital would be harder for startups to raise and small businesses, which employ the majority of US workers, would have a much more difficult time surviving than they do now.
The plus side is, investors who are well positioned with ready access to cash reserves or low cost lines of credit will be able to pick up some really great deals in all equity markets because they will be depressed. No, I am not saying he will cause a Depression. I am saying the equity markets will contract much like they did when the tech bubble burst and the decline was exaggerated by the terrorist attack on 9/11.

About the Author

Tim

Tim Owensby is the publisher of the Field Guide for Investors. He has been an active investor since 1984 and enjoys seeing other achieve their investing goals.

2 Responses to “ A Look At the Candidates - Part Two - Barack Hussein Obama ”

  1. as obviously equity markets are thriving right now

  2. Actually, smart investors are thriving in the markets now. In the last 6 months I’ve bought 30 houses for pennies on the dollar and have sold most of them. I keep the best of the best for myself. My goal is to do over 100 deals in 2008.

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