If Hillary Clinton recognizes that the Shanghai flu currently infecting U.S. and world markets was in part caused by rumors of a capital gains tax increase in China, then why doesn’t she apply that same logic to tax policy here in the United States?

Because just as sure as day follows night, Hillary will undoubtedly try to raise tax rates on capital gains and dividends by not extending the Bush tax cuts if she were elected president.

Similarly, Hillary’s idea that this stock market correction is caused by too many Chinese or foreign purchases of U.S. bonds is pure insanity. In addition, her ridiculous claim that trade deficits are causing this correction is equal insanity.

Mrs. Clinton cited Sen. Byron Dorgan’s bill, which would trigger some kind of punitive action if our trade deficit exceeds 5 percent of GDP, and if foreign bond ownership exceeds 25 percent of GDP. Well here’s a news flash: Our trade gap today is already 7 percent of GDP and the economy has been prosperous for years.

Foreign owned Treasury bonds are only 16