Housing & Stock Market Worries

The Obama new policy blitzkrieg has many worried. Just look at decline in stocks since Jan. 20 for the opinion of the investing public.

What are they so worried about?  The short list includes:

• Proposals for higher income taxes on the highest earners.

• Higher taxes on capital gains and dividends.

• A new tax on all securities trades.

• "Cram-down" legislation forcing banks to accept lower profits on mortgages.

• The Employee Free Choice Act, which would give unions an advantage over management.

• The carbon tax & the resulting very possible double digit increase in utility rates.

• Limits on oil drillers' tax breaks.

• Limits on agricultural subsidies.

• Smaller deductions on mortgage payments.

• Cuts in subsidies to independent student loan providers.

• Limits on drug pricing and Medicare rates.