Posted by
Jim McGriff Jr on Sunday, October 26, 2008 12:00:00 AM
Obama is scaring the business world…
Obama wants to tax any private business that earns over $250,000 for its owner; and, wants to tax any business that has moved jobs overseas. No wonder the stock market is afraid that Obama will worsen the business outlook.
Most all businesses of any size have moved or will have to move some parts of their business overseas. This is a world market. Overseas businesses that go where labor and cost are cheaper will not live in this new Obama type economy. If our businesses have to operate here in the new Obama economy they will not survive in the world economy. This Obama economy is a dumb move in the light of the business environment we have now.
The market is crashing because our business stocks are owned world wide. These owners are getting out of our market because of the unsure Obama economy he will bring if he is elected our president.
Oscar James McGriff, Jr.
Tuscaloosa, Alabama 35405