“The truth is that the Market is a law unto itself. No one can control it, you can try, but this is the thing, it will always move its own way and the Market wants Romney. No lie, socialism is not the way for America. We need to move on with growth, more jobs here in America, less taxation, less business tax to cut that deficit. If we get businesses doing well, then they employ more people and everyone’s happy. Obama wants to increase taxation on small business, corporations and ultimately this creates less movement in the economy and layoffs. Let’s take a look at what the new socialist president in France is doing. He is taxing high earners at 75% and he is putting 62% tax on sales of stock. Now that is the crux there. Obama is not one for the market, granted he had to deal with George W Bush’s legacy, but he did not help matters. Even though Obama is the more likeable character, likeability will not feed or clothe your family. The U.S. already has $17 Trillion as deficit, and has been downgraded from AAA to AA. Therefore more interest payments are needed to finance the debt. Take into account the fact that to support Obama alone it costs U.S. taxpayers $1.6 billion per annum. The British Royal family is $450 million per annum, and that’s a whole bunch of people, not just Obama, his wife and kids,” Mr Holbrook said in his weekly segment on The Money Show.
If what Mr Holbrook says is true, the Markets will start dropping sharply if Obama wins and on the flip side, stabilise with a Romney win, then shoot up to the next stage of its natural progression.
The markets have been consolidating for a while because of little direction but on November 6 there will be a definite movement to the upside on a Romney win and negative on an Obama win.
Can America afford another year of Obama, let alone four more years? By increasing the debt to impossible levels of GDP, Obama is pushing his luck and playing with the citizens of the United States of America.
A Romney win for America would be a surefire signal to the market that a real business man is in charge, someone who knows how to make money and not just give it away. Mrs Thatcher once said: “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”
Obama has run out of money, and the multiple stimulus packages, the multiple QE money printing efforts have not done much apart from destabilise and weaken the U.S. economy even further.
It’s your choice America, you will get what you vote for.