Obama is not only bad for stocks, but the Obama mania is bad for any other part of the US economy, US foreign policy, US Trade policy and every industry that’s still left in the United States. McCain isn’t that much better on the economy, his major mistake was admitting he wasn’t an expert on the economy, but at least he doesn’t want to implement win-fall profit taxes, higher corporate taxes and higher taxes on the people that create the jobs in America.

A lot of the problems in the economy and the stock market is the uncertainty before any election. This time it’s much worse because the economy was on a downhill slide already. Retailers have already depleted inventory and are not restocking as much because of consumer caution. The housing market has had its ripple effect, when people aren’t buying houses, they don’t need to move or buy new stuff.

Now, small businesses and larger corporations are waiting to see how bad their taxes are going to be before they invest in any large equipment, inventory or more importantly people. If people don’t have jobs, they’re not going to buy as much stuff, it’s a vicious, vicious circle that politicians are ignorant of. Obama thinks that if he robs from the rich corporations and gives to the poor, the poor are taken care of the the rich can take care of themselves. The reality is that the rich people and the rich corporations can take better care of the poor better than the government any day of the week.

If the government doesn’t still money from corporations, they can give that money to charities, have that money to buy new equipment and hire more people. People with jobs buy stuff which sadly, more and more is being made overseas, at least it’s something, until we can boost the manufacturing.

Most manufacturing left the United States because it was easier to compete not only with other overseas corporations but other US based businesses that had already moved their manufacturing overseas. Granted the US has higher labor costs than most third world countries, but thanks to the second highest corporate tax rate in the world, they get hit twice as hard. If the tax rate goes even higher, what corporation is going to want to stay in the US?

If Obama get in the White house with a Democratic Congress, taxes are going up. Everything from capital gains, corporate taxes and taxes on the so-called wealthy. Over 100 thousand usually means a small business owner. Why do all of these politicians hate the rich? Most politicians are very rich. How many give to the poor out of their own free choice (it’s a concept)? The Obamas barely gave 2% of their income to charity. The Clintons aren’t much better, giving most of their charitable giving to their own political slush trust fund.

The stock markets are already reacting to the primaries. Every time Hillary wins a big state the market rallies up a bit. Every time Obama wins a primary, the stock markets goes down. The overall consensus appears that Obama is unstoppable and many Democratic Congressional seats will be won on his coattails to the White House. The market is already predicting a win for Obama and is already counting on higher taxes, which means a much slower economy.