Are Today’s Market Troubles Driven By Election Polls?

Are Today’s Market Troubles Driven By Election Polls? October 9, 2008

Posted by taoist in Capitalism and Economics, Democrats, Politics.
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I’m just pointing out that the rise in business and personal taxes that investors will face with an Obama presidency backed by a Democrat controlled congress certainly can’t help investor’s worries about the market.

Now try and argue that letting the Bush tax cuts expire is a good thing. Even Obama knows that raising taxes will slow the economy. But it’s necessary for his concept of justice.

Update: Now with more graphs! Glenn Reynolds points out that correlation isn’t causation. That’s true. Doesn’t mean it couldn’t be though, either.