Coming from a guy that bought a bunch of stock in Motorola, Yahoo (recent – hahahahah), and continues to think Blockbuster is worthwhile while sitting on their board of directors, I wouldn’t trust Carl Icahn to balance my check book or present “Becoming an Trader” at a high school career day. Did I mention he’s a New Yorker – I wonder why he would diss Obama publicly? HRC?
The president himself (obviously) doesn’t cut/raise interest rates though he appoints competent people to do so. Appointing competent people is something Bush failed to learn while earning a C average in high school but still getting into Yale, running numerous oil companies into the ground before becoming governor in Texas, choking on pretzels, invading the middle east, declaring mission accomplished, dancing like a goon while soldiers are dying, etc. But, I guess he’s a strong believer in Jesus so 28% of people are still giving him a pass. Rot in hell.
And, no, increased capital gains taxes and/or increased payroll taxes for individuals making over $250,000 a year has nothing to do with the value of the dollar/inflation. Don’t let the republicans fool you AGAIN – your paycheck isn’t going to be impacted by any (applicable) Democratic tax increase. If you would be impacted by the aforementioned taxes, please send me a check as I’m starting a Range Rover fund so I can run over things and spend a lot on gas.
P.S. Soros and Buffett on the other hand – supporters of Obama – are as good as gold and we all know gold is increasing in value as the dollar tanks.