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March 2, 2007

Shrillary Might Understand Basic Economics

Yesterday on CNBC Shrillary Clinton blamed a recent 8% slide in the Shanghai stock market on "rumors of a capital gains tax." Sure enough, capital gains taxes lower the value of stocks. The stock market took off in 1997 after her husband B.J. teamed up with Newt Gingrich to lower the tax from 28% to 20%. It took off again when W lowered the tax to 15% in 2003. Would President Shrillary help out our economy by lowering the tax further still?

Don't count on it. Shrillary voted against the 2003 reduction. As the New York Sun points out, her own reasoning suggests that her election could cause a stock slide by creating rumors that rates will go up again.

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Shrillary: Better at shaking her fists than at tax policy.

Posted by Van Helsing at March 2, 2007 12:16 PM

Comments

oh, the smell of tostesterone must be overwhelming in her vicinity!

Posted by: nanc at March 3, 2007 7:36 AM

I think she needs to buy some stock in companies that make PMS medicine. If she's elected president, broom sales will soar, with her riding on one.

Posted by: verist at March 3, 2007 9:42 PM

I wouldn't piss on her if she was on fire. Velcro-fly bubba either.

Posted by: Conan at March 4, 2007 5:59 PM

Her grasp of economics isn't nearly as good as her grasp of politics.

Give the people what they want, tell them what they want to hear, and always, always disagree with your opponent, even if your disagreement contradicts what you might say or do in other circumstances.

Posted by: NudeGayWhalesForJesus at March 5, 2007 11:59 AM