FLU, you took the words right out of my mouth. The 28% cap gain tax possibility really turn me off against Obama. I think that would really hurt the middle and upper middle class who are trying to move on up. We all know 9-5 job will never get you rich.
With regards to balance in the 3 houses, can you imagine if Obama is the president right now instead of Bush? With the Frank-Dodd bill being cut down to size because the president is Bush. If it's Obama, I have a feeling we might see something much bigger.
You're going to feel it if your upper middle class and above, by the democrat definition. The good news is that it's probably not going to be quite as bad as if it were under hillary's watch. So pray she's not going to be VP candidate. I'm really hoping McCain picks someone like Powell. I respect that man, plus as an added bonus hopefully it would give him a running shot to be a president later. I don't like Rice, though I respect her accomplishments (smart/capable lady). So I hope he doesn't go there.
Frankly, I'm not a big mccain fan. I just dont want to go 4-8 years under a full democrat president and full democrat congress. There will be no checks and balances (just like the first 4 years of an all republican congress and president). And I fear of an impending all democrat orgy of epic proportions on a backlash on fiscally responsible people. I normally don't like to vote for an with my pocketbook versus principles. But given what's at stake, and given that it seems like mccain is more of a moderate republican, I'll vote for him more so than anyone on the democratic ticket, with the hope that we have some balance in our government.
Side note. Last year and this year was my households "sell a lot of long term stock and cash out stock options" year. Me thinks we won't be seeing these reduced cap gains for a loooooooooong time.
