We knew this was coming. We knew what would happen if Congressional Republicans refused to compromise on the tax issues.
So, now all the Republicans on Wall Street (are there any Democrats?) are crying and sending markets down.
It just goes to show you that the rich will never be satisfied.
This continual focus on tax cuts for the rich no matter whether they make any sense or not is killing the country.
We had the huge, massive tax cut in the prior administration. Did it produce the economic nirvana that was promised? Not even close. A measly 2.5 million jobs and preceded our economic collapse.
So, today we see what happens when the rich try to have their cake and eat it too. The rich may get to keep their tax cuts but the markets will go into the toilet.
Because we can't possibly solve the current economic mess unless the rich decide to participate. And so far they rich have said, "Let the middle class shoulder the load."
Well, the middle class is getting crushed. So it's all up to you, rich boys. You want your tax cuts or you want the stock market to stay out of the toilet.
You can't have both. Today should clearly tell you that...
Poor Wally, too dumb to take profits, well before today's drop.
Still thinks we're in a bull market.
Tax Wally's dividends at regular income tax rates, seems he'd relish the idea of increased taxes.
No, not everyone that's not rich at lazy. Of course not.
This country will not get any better with Government expanding. Plain and simple. Taxing the rich more makes the government bigger!
The governmenet is getting bigger, which means nothing can get accomplished as their are more chefs in the kitchen. Put the rich POLITICIANS in their place!