I took the day off to visit three local firms that deal in the stock market to ask them if in fact they think the rise of Obama in the polls is corosponding with the drop of the DOW and the S&P. The response was nearly unanamous.

This was posted at the Club for Growth today.

Much of the metoric dive of the markets since September 15th have been blamed on the credit crisis, the housing crisis, but one can’t deny that the market is in part also reacting to the possibility of a business tax happy Barack Obama. Additionally Democrats are squawking about more regulation and over sight – the lack of which on their part led to the crisis in the first place.

Today I talked with several Obama supporters at work who constantly talk about having to cut corners and pinch pennies. I asked them what would they think if they knew that an Obama administration would sharpley raise their taxes after taking office.

Much of the response had to do with the Obama talking points that he would not raise taxes except on those who make $250,000 or more, and I explained – and showed them how that is not true. That Obama will have no choice but to raise taxes across the board to pay for all the programs he’s talking about starting. Not to mention – but I did – of how the Democratic congress has already did away with the Bush tax cuts and that beginning in 2010 – even if Obama didn’t raise taxes – they would see an average of $3500 more tacked on to their annual tax bill.

In short if they think the economy is bad now just wait until Obama takes the reigns of power. The average America isn’t tuned to the buck like investors are, but they are seeing the light and the spiraling market is the solid proof of that. More proof is that a recent survey of CEO’s in America by CEO magazine found that a whopping 74% of them feel that Barack Obama will be a disaster to the economy.

We all remember the last far left “new” democratic kid on the block, Jimmy Carter and the disaster he was to the American economy. In comparison many I’ve talked to believe that Barack Obama would make Carter look like Reagan after all is said, done and destroyed.

It’s time to wake up America!