The Hill News

The mainstream media is reporting that the stock market is rallying, because Wall Street insiders are encouraged and energized that President Obama will be reelected.

Come on, readers, and tell us if you know anybody on Wall Street that would buy stock because of Obama's reelection. The tax dividends on stocks will increase 300 percent if President Obama is reelected in November 2012. Why would an investor buy stock when his after-tax return is being cut from 85 percent to 55? Someone with a modicum of common sense would say the stock market is surging because they see the president losing the 2012 election.

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