Friday, October 10, 2008

I have a simple Solution to the Financial Crisis.

I said this before the first debate.  If we had just lowered the Capital gains tax,  we would have flooded the market with money. We would not have even needed the bailout.  IT IS NOT TOO LATE.  Lower the capital gains tax.  Dems will never go for this and I believe part of the reason the market is dropping is that they are worried about the prospect of Barack Obama becoming president because of taxes.   Taxing the rich will make things worse and Obama has not wavered from that stance.  He wants to raise the capital gains tax.  I believe wholeheartedly this will work easily.  Why would the Democratic congress never go for that?  It would set a precedence and they want those taxes more than anything.  

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