Trading Places

As Obama plans to let the Bush tax cuts expire, raising capital gains, dividend, and other taxes, Russia is going the other way:
Russia will scrap capital gains tax on long-term direct investment from 2011, President Dmitry Medvedev has said.

And as Obama nationalizes the auto industry, the mortgage industry, the health care industry, the student loan industry, etc., Russia is going the other way:
He also said the number of "strategic" firms, in which foreign investment is restricted and which cannot be privatised, would fall from 280 to 41.

And while Obama punishes the private sector to reward government workers, Russia actually wants private industry:
"I would welcome real investors who can build factories, something new in this country."

Where we're going is where Russia is coming from:
Also, many investors have been wary of coming to Russia because of corruption and the dominant role the state plays in Russia's business life.

Sound familiar?


B-Daddy said...

My financial adviser is telling me to lock in gains this year by selling stocks, even if I roll over the gains into the same stocks.

Anonymous said...

FYI - your blog has somehow been demoted by Google. The only people reading your blog is your former audience because of it. You have a "0" popularity Google rating. Obviously, bloggers are complained about by the OBama admin to Google. Google's in bed with the gov't and that's a sad sad thing.

It's sad the only reason the gov't has access to bloggers is due to the phony terrorist threat system they have in place and nothing more. Even more sadly, they're the terrorists by far. The fellows at the top are definitely terrorists, criminal, dark, evil, satanic. There is no doubt.

W.C. Varones said...


thanks- where are you seeing this? Traffic and google hits don't seem to have dropped off yet.

Anonymous said...

I'm scared.

Anonymous said...

W.C. Varones: You have to donwload the Google menu/tool bar and make sure you check off Google Ratings. You'll see when you visit your site there is no green bar, that it is blank. When you run your mouse over the bar, it will say "zero" rating. I noted it was a "4" all the time for a very long time. After your Obama article, it was a "0" rating. I believe he had Google take you out of the ratings. It doesn't matter how many hits you get if Google isn't recognizing your site anymore.

Happy Super Tuesday!