I wonder how many of you have $$ in the stock market and are still praising Obama.
So Far, How Do You Think President Obama's Doing?
by minimus 167 Replies latest jw friends
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skeeter1
Obama is doing exactly as I knew he would do.
His housing plan is a joke. Sure, the rates are going down for a few folks. It's a gimic of a temporary rate reduction. The rates will "add back" on the back end for most. Further, those who are underwater in their mortgages are not going to be really helped. Until people have "equity" again in their homes, they are not going to spend on new cars, tvs, etc.
Last year, there was a study that said that 75% of the modifications done in early 2008 ended up in default 6 months later. What happened? Some homeowners figured out they were still paying alot of interest on a house that's worth 1/2 of what the original balance was and that another house can be rented for 1/2 of the cost. People just walked. 7 years of bad credit makes up for throwing hundreds of thousands down the drain.
The housing crisis is REALLY the cause of the downturn. Until people have "equity" again in their homes, they are not going to spend on new cars, tvs, etc. IF they dont' buy stuff, those companies go under.
Then there's Wall Street. Capital gains taxes just don't matter. Ain't no one with capital gains. What matters is that companies know their profits are going down due to people not being able to purchase, expected higher costs (cap & trade), and higher taxes. Expected future profits go down, stock prices go down. Oh yeah, corporate taxes are going up even though we're the highest in the world. More reason for profits to go down.
He is raising taxes on the "rich." Even Whoopi is mad as she's having buyer's remorse.
His "Cap & Trade" is about to tax everyone through, estimated, 50% higher electricity costs (food too). Ice cream, meat, veggies...all about to go through the roof. We are not ready for wind/solar to take over. He doesn't care, he gave an extra $13ish a week to those out of work.
Health care I have wrote this a thousand times (some on this blog). Health care costs are high because medical malpractice insurance premiums are high. Medical mapractice insurance premiums are high because Plaintiff's get millions of dollars for a scratch. To fix health care, you must fix Tort Reform; and put caps on jury awards and the types of damages that are eligible for trial.
Obama wants to put in these clinics. Great. Are we paying for illegals to get healthcare?
But, Internationally...wasn't Obama going to save our reputation? He isn't Bush, right?
He is not pulling out of Iraq. He's leaving 50,000 troups in. My neighbor who is a doctor has been called to go to Iraq on March 15th. He must be reading the same secret reports Bush did. What's that saying, "Don't criticize until you walk in the man's shoes."
He is siding against Isreal. Jews in the US and abroad are mad.
He took down Churchill's statue in the Whitehouse. Churchill saved the world against Hitler! To add insult to the Brits, Obama presented the PM a box set of DVDs. How thoughtful is that? Obama received a very classy gift. I'm so embarrased. Brits, please don't judge the US on Obama's actions with your gifts. Skeeter apologizes. Obama knows not what he does.
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frozen one
The President seems to have an admirer in Caracas...
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skeeter1
Of course Obama has an admirere in Caracas.
It's a great circle of friends. Chavez & Ayers have had a beautiful relationship for years. So, no wonder Obama is included in the pack.
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sammielee24
Oh yeah, corporate taxes are going up even though we're the highest in the world. More reason for profits to go down.
Coporate taxes have so many loopholes that sure - on paper it looks the highest but in reality they are among the lowest actually paid.
He is raising taxes on the "rich." Start putting everyone who is evading taxes in prison and confiscate all their assest - you know - that 14 billion in taxes that the rich have hidden offshore that is their share of the pot. Maybe if they were paying their fair share, they wouldn't have to face the non renewal of the tax cuts that Bush gave them....just saying.
Health care Interesting enough I didn't hear diddly squat about really doing anything about this for the past 8 years despite the biggest question of it being a right or a privilege...the answer under Bush has increasingly been it's a right if you are illegal..if you are simply poor it's charity ...if you are in the middle and don't qualify for assistance but can't afford it you it's a privilege you are either too lazy or too stupid to take advantage of. All of this could have been addressed over the past 8 years but Bush was busy playing war games, deregulating the financial industry, cutting funding to things like the FDA which gave us melamine and lead and busy busting the unions and pushing wages down for his own people - he approved illegal workers in the USA and then gave them the right to healthcare but denied it to his own working class people when they needed it - GO OBAMA! sammieswife.
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BurnTheShips
Coporate taxes have so many loopholes that sure - on paper it looks the highest but in reality they are among the lowest actually paid.
Corporate taxes are regressive not progressive. Don't you realize the cost merely gets passed on to the consumer? Tax the bread company, and the loaf of bread goes up in price. The poor family pays the difference every time it buys a loaf. You Socialists will advocate raising the corporate tax on the bread company and then turn around and subsidize the bread through a social program with the taxes collected. You end up looking like heroes (and getting elected) since you are giving out a hand out to the poor but in reality you are keeping the price high to begin with! .....round and round, circle jerk, and the drones always fall for it.
He is raising taxes on the "rich." Start putting everyone who is evading taxes in prison and confiscate all their assest - you know - that 14 billion in taxes that the rich have hidden offshore that is their share of the pot. Maybe if they were paying their fair share, they wouldn't have to face the non renewal of the tax cuts that Bush gave them....just saying.
ROFL. Unbelievably hypocritical. How many tax cheats does Obama have in his Administration already? There was a headline a couple of days ago where Geithner was boasting about how Obama was going to go after tax cheats. Delicious!
BTS
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sammielee24
I wonder how many of you have $$ in the stock market and are still praising Obama.
I advised everyone to bail the minute Bush bought out the banks...anybody could see it was going to freefall from it's own corruption and greed. Anyone still in that I know have lost so much - before Obama - that all they are doing is losing more. That has nil to do with Obama...it started with Bush and the crooks on Wall Street. Madoff stole pension money. Standford stole pension money. They were scamming long before Obama while the SEC looked the other way. If people don't have 15 years to make up that money then they should've ditched by now - if they sit in denial and the FDIC doesn't get the 400 billion it needs to float - then they lose.
I still praise Obama - he's trying to put some integrity back into government. sammieswife.
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BurnTheShips
I still praise Obama - he's trying to put some integrity back into government. sammieswife.
No he isn't. You are blind or don't want to see what is in front of your face. You are sucked in by his pretty words he reads off the telemprompter. Sorry, really.
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BurnTheShips
Team Obama's "smart diplomacy" continues. First it was the cheapass DVD's and cold reception to Britain's PM on his first visit to the new President. Then the leaked letter to Russia offering a quid pro quo and throwing Poland and Czech Republic under the bus.
Now this.
http://www.politico.com/news/stories/0309/19719.html
Secretary of State Hillary Clinton opened her first extended talks with Russian Foreign Minister Sergei Lavrov by giving him a present meant to symbolize the Obama administration’s vow to “press the reset button” on U.S.-Russia relations.
She handed a palm-sized box wrapped with a bow. Lavrov opened it and pulled out the gift: a red button on a black base with a Russian word peregruzka printed on top.
“We worked hard to get the right Russian word. Do you think we got it?” Clinton asked.
“You got it wrong,” Lavrov said.
Instead of “reset,” Lavrov said the word on the box meant “overcharge.”
You can't make this shit up. What a bunch of bungling buffoons.
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skeeter1
I've prepared some of the tax returns for America's wealthiest corporations and individuals. I will tell you that they pay a boatload of taxes. Loopholes come, and go. Alot of the "loopholes" are legal.
Those who are rich, are on the IRS list of frequently audited. Big corporations have life-long assigned IRS auditors. These auditors have their own office in the company's accounting department.
Who pays the most taxes in the US?
Income Group ---- Tax Rate
Top 1 percent ---- 27.25 percent
Top 5 percent ---- 22.95 percent
Top 10 percent ---- 20.51 percent
Top 25 percent ---- 16.99 percent
Top 50 percent ---- 14.66 percent
Bottom 50 percent ---- 3.21 percent