Obama Panic! Recently, Obama said he wants to expedite loans to small businesses, so he seems to have a clue that they produce much of the country's job growth. Yet his income-tax hike on upper brackets will hit vast numbers of small businesses - they'd face the highest rates they've seen in decades.
Overall, his plan includes some of the most lethal tax increases imaginable, including a jump in the capital-gains rate. He'd expand government spending massively, with everything from new public-works projects to increases in foreign aid to a surge in Afghanistan - plus hand out a token $500 welfare check that he calls a tax cut to everyone else.
Just how low can the markets and economy go? It could be a lot lower - it all depends on the policies of the next president. And, as it looks increasingly likely that Obama will be that man, the markets are casting a vote of "no confidence."
You think if McCain were ahead this argument would not be trumpeted?
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