Thursday, September 18, 2008

The Don Says It's McC

Donald Trump endorses McCain. I have mixed feelings on The Don, but definitely respect his business acumen. From an interview on the Greta show last night, here seems to be his bottom line:

VAN SUSTEREN: Are you endorsing him because you've known him for a long time, or is it--tell me the difference between Senator Obama and Senator McCain in your eyes.

TRUMP: Well, I can tell you one of the differences is that Senator Obama wants to raise taxes beyond belief, and senator McCain doesn't. And in a fragile economy like we're in right now, you cannot go around raising corporate taxes and lots of other taxes. You just can't do it. Then you really will see the great depression.

I couldn't agree more. This is the only issue as far as I'm concerned. I guess taxing the rich would be more "fair" (I mean that most sarcastically), but what will be the price to make people feel good--to make it "fair"? Misery for the working Joe. A depression not seen since the Thirties.

All those Baby Boomers getting ready to retire will sell. They'll get out of both the stock market and the real estate market. And they'll never get back in, thus prolonging the misery. Too many entrepreneurs with the capital to invest simply won't, thus killing job growth for a prolonged period. It won't be pretty. For anybody.

Fear the change.

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