Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Oh yeah that's right, big brother will take care of everyone, how silly of me to forget.
Now you're getting how finance will work for the next 4 years!
It's real genious actually, force a raise in costs for basic items then turn around and increase the size/number of government funded agencies for the "poor" to pass out the tax monies collected that forced the raise in costs to begin with.
Now you're getting how finance will work for the next 4 years!
It's real genious actually, force a raise in costs for basic items then turn around and increase the size/number of government funded agencies for the "poor" to pass out the tax monies collected that forced the raise in costs to begin with.
Most likely, indeed.
The real question is, will the next government use this period to actually retrain workers to do something productive, or will we all go on the dole and wait for ever dwindling handouts?
I mean it is possible to survive on a 2,000 calorie diet of wheat bread, maybe some legumes, a bit of fat, and a few vitamins from fruits and vegetables. Everything else is really unnecessary.
And yet he will be elected president soon. For the likes of me I can't understand why. You can't raise taxes and capital gains in bad economic times. You will kill the real estate market in the U.S.
Because the masses want a redistribution of wealth. They want even more entitlement programs, funded by someone else. They want those who are better off-- and this includes the upper middle classes-- to share what they have worked hard to earn, and if they continue to earn it to be taxed disproportionately on it. The real estate market will hold up for a while, because he'll use taxpayer dollars to keep people in homes they can't afford, but unless he just gifts them the deed, it will probably fall again because there will be fewer jobs.
I'm not fond of McCain, but this is a dangerous time for increased entitlement programs that America can't afford. It's a dangerous time to derail businesses, whose spending is crucial to pulling the U.S. out of a recession. I don't think the stock market will rocket, unless McCain pulls off a shocker. The market fears the unknown and Obama's economic policies-- not to mention his unproven ability to lead-- create monumental uncertainty and fear.
Where is the line for my handout Mr. Obama? I have a home I am upside down on, will you please write me a check Mr.Obama?
After your tax increases, it unlikely I will be able to afford a new car, especially after you cancel Nafta agreement and the price goes up 15%, so you may have to send checks to Detroit as well to cover their declining sales. I also need some health care services, can I expect that check is in the mail as well?
These are all the reasons I voted for you, so please make good on your promises.
You know, I think there are probably some good reasons to vote for Obama. His fiscal policies are certainly not one of them. I think if he does a fourth of what he promised, we're going to really be in big trouble.
All that being said, in the 2010 elections, a lot of those states that voted for Obama in disgust at the incompetent Bush presidency will probably say, "Whoops," and vote Republican in the mid-terms.
1) He's already shown a willingness to eviscerate international trade by abrogating the current treaty terms of NAFTA.
2) He's willing to jack up the tax rate and the capital gains rate.
3) He's willing to spend money like a pimp with a week to live, just like Bush.
Those are the old policies from last week. Geez, don't you pay attention to the political ads?
1) He's going to renegotiate the terms of NAFTA with Canada and Mexico. The Canada and Mexican governments are going to be so happy just to bask in the presence of Obama that NAFTA (already a good deal for the US) will become even better.
2) He's only going to increase taxes on the really rich, people who make over $250,000* per year. (*annual income computed after addition of $208,000 "earned income credit")
3) By slightly increasing taxes on the top 5% of people (no more than $100 each) he is going to completely pay for all of his multi-trillion dollar spending proposal.
You know, I think there are probably some good reasons to vote for Obama. His fiscal policies are certainly not one of them. I think if he does a fourth of what he promised, we're going to really be in big trouble.
All that being said, in the 2010 elections, a lot of those states that voted for Obama in disgust at the incompetent Bush presidency will probably say, "Whoops," and vote Republican in the mid-terms.
I think that's exactly what the republican party was banking on, taking control of Congress and let the presidency go for now.
I think a drop is more likely, Obama's tax policies aren't good for businesses. If Obama's elected I think it's highly likely a total collapse will occurr within a year of his election.
A "total collapse" is UNlikely.
This thread is really about the first five minutes of Wednesday. Will you be long come 4:00pm EST today (Tuesday)? Or will you be short? Or will you be out?
All bets are off after 9:35am EST Wednesday.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
