Robin Hood Obama

[427 S/O]

You beat me to it CDC, vrm goes in every conceivable direction when he post!!, what the he## does 'You don't hire 20 people if you only have work for 10', have to do with
the subject????. And contrary to vrm's statement, 'Giving tax cuts only to the top end will not generate jobs', it most certainly will, that's how our economy works!. Where did he go to school????.

He's nothing more than a far left liberal democrat, masquerading as an independent.

[VRM]

Originally Posted by 427 S/O

You beat me to it CDC, vrm goes in every conceivable direction when he post!!, what the he## does 'You don't hire 20 people if you only have work for 10', have to do with
the subject????. And contrary to vrm's statement, 'Giving tax cuts only to the top end will not generate jobs', it most certainly will, that's how our economy works!. Where did he go to school????.

He's nothing more than a far left liberal democrat, masquerading as an independent.

Perry,
Jobs are only created when there is a market for the goods/services that the worker will be providing.

Right now the economy is sinking partly because joe six pack cannot afford to go buy beers and cars. This, in turn, causes loss of jobs when Joe does not go to his favourite bar or Ford dealer.

American capitalism hinges entirely on the middle class. If the middle class does well, then the rich and the poor do well because the middle class will spend money on the goods/services offered by businesses owned by the rich (who will also give jobs to the poor and middle class).

If the middle class are not spending money than the business owners reduce their payroll. If they get a tax cut they do not go and higher more people - what makes you think that they do?

The whole thing is a balancing act, however the GOP leans too much towards the rich, and the DNC leans too much towards the poor. Right now, the middle class needs a tax break, and they also need our idiots-in-charge to stop doubling the debt every 8 years. Both Obamas and McCains tax plan will raise the national debt.

[wtm442]

The US Government taxes businesses at the second highest rate in the world compared to all other countries.

Do you think that has any effect on why businesses like to ship jobs overseas? If the stupid tax code was changed, there would be less jobs shipped overseas. Do you honestly think that will happen with Obama, Pelosi, Frank and Dodd at the controls?

Oh yes ... the government(s) in the US take 35 cents in taxes out of every worker's dollar.

Do you think it would be better to lower taxes on people and businesses like McCain proposes ....

Or is Obama's tax and wealth distribution (ie - socialism) a better way?

[cobra de capell]

WOW! You are most definitely at serial repeater. You’ve been posting basically the same thing for months, unable to get off the fence – just like a post turtle.

Do you fully realize how tired everyone here is of your posts that seem to go in circles?

”It’s the economy, stupid!” is really the only issue. Either Obama or McCain has the plan that suits you.

Sometimes I wonder if you need input into whether or not to wipe your butt each and every time.

[wtm442]

Originally Posted by VRM

Right now the economy is sinking partly because Joe six pack cannot afford to go buy beers and cars. This, in turn, causes loss of jobs when Joe does not go to his favorite bar or Ford dealer.

Totally Wrong. Joe six pack will always be able to buy beers.

The current mess started in the financial community ... period. It had absolutely nothing to do with the unemployment at 5%. But the end result WILL be higher unemployment if the bailout bill fails.

Most small business and banks are finding it extremely difficult to get short term loans (less than a week). They are afraid that the other institution might go belly up in a few days, so short term borrowing is extremely tight.

This has spread to Joe Six Pack trying to get a car or house loan. He would have gotten the loan 6 months ago, but he may not get it in today's economy.

You can thank Barney Frank and Dodd for this mess (plus a ton of other Democrats, Republicans and shady wall-street types). It started to unfold many years ago.

Now, because Joe-six-pack does not have the money to buy a house or car without a loan, Joe six pack's brother loses his job at the auto dealer.

And around and around we go.

[VRM]

Originally Posted by wtm442

Totally Wrong. Joe six pack will always be able to buy beers.

The current mess started in the financial community ... period. It had absolutely nothing to do with the unemployment at 5%. But the end result WILL be higher unemployment if the bailout bill fails.

Most small business and banks are finding it extremely difficult to get short term loans (less than a week). They are afraid that the other institution might go belly up in a few days, so short term borrowing is extremely tight.

This has spread to Joe Six Pack trying to get a car or house loan. He would have gotten the loan 6 months ago, but he may not get it in today's economy.

You can thank Barney Frank and Dodd for this mess (plus a ton of other Democrats, Republicans and shady wall-street types). It started to unfold many years ago.

Now, because Joe-six-pack does not have the money to buy a house or car without a loan, Joe six pack's brother loses his job at the auto dealer.

And around and around we go.

Warren,
Joe is already cutting back on beers (well maybe not beers, but he is buying them and drinking at home more instead of going to the more expensive bar), cars, and everything else. WSJ (or some other rag) had articles earlier this week about how sports franchises may offer buy now-pay later plans for sports tix, as well as how charitable donations are down. GMC is also not going to give loans unless you have over a 700 FICO score. How many cars do you think are going to be sold?

There are LOTS of people to thank for this mess - it goes a LOT deeper than Frank and Dodd, and I appreciate that you include GOPers and WS types as well. Oh, did you hear about one of our local banks (Sovereign) having a small run before being bought up by a Spanish firm?

Bernie,
But at least a Nihilist will eventually wipe because Nihilists know (unlike some here) that poo does indeed stink regardless of whether it is on the left or right cheek.

Steve

[wtm442]

Originally Posted by VRM

Oh, did you hear about one of our local banks (Sovereign) having a small run before being bought up by a Spanish firm?
Steve

That's where I have my checking account, but its less than 100K (or 250K whenever that comes into play), so no worries here. I use their bill paying service on the web site. I really like it. No Robin Hood at Sovereign other than the free checking account min balance went from 10K to 15K about 6 months ago.

For the measly 0.000000000000000125% interest that they give on a checking account, the min balance for no service fees should be ZERO.

[VRM]

Originally Posted by wtm442

That's where I have my checking account, but its less than 100K (or 250K whenever that comes into play), so no worries here. I use their bill paying service on the web site. I really like it. No Robin Hood at Sovereign other than the free checking account min balance went from 10K to 15K about 6 months ago.

For the measly 0.000000000000000125% interest that they give on a checking account, the min balance for no service fees should be ZERO.

Hah!! You are getting nearly 4 times the interest rate that I am getting at Sovereign!
I like their online features, but I do get annoyed that they shut the whole thing down for maintenance between midnight and 5 or something like that. I'm usually up until 3am and sometimes I want to check some payments or something like that and I can't. Otherwise they are pretty good. I may end up getting po'ed at them if they change accounts again...I have a bunch of cheques that I would not be fond of having to throw away.

Steve

[wtm442]

Originally Posted by VRM

Hah!! You are getting nearly 4 times the interest rate that I am getting at Sovereign!

I must be an Elite customer. The usually round up the interest income to a penny.

Have you seen some of the dirt the Elite media has dug up on Joe the Plumber? Truly shameful response by the Obama bum-kissers.

If McCain was really smart, he would do a TV ad with Joe the Plumber. This election is really turning into a horse race. I'm also afraid the the ACORN mess is going to cause a lot of bitter feelings and lawsuits after the election no matter who wins, just like the recounts in Florida.

[cobra de capell]

Originally Posted by wtm442

That's where I have my checking account, but its less than 100K (or 250K whenever that comes into play), so no worries here. I use their bill paying service on the web site. I really like it. No Robin Hood at Sovereign other than the free checking account min balance went from 10K to 15K about 6 months ago.

For the measly 0.000000000000000125% interest that they give on a checking account, the min balance for no service fees should be ZERO.

You know - if you believe that Ford is going to be OK, they offer 4.20% on $50K or more - Money Market Account! The good thing is - if the news turns south, you can get the funds out in 1-2 days.

[wtm442]

Originally Posted by cobra de capell

You know - if you believe that Ford is going to be OK, they offer 4.20% on $50K or more - Money Market Account! The good thing is - if the news turns south, you can get the funds out in 1-2 days.

Right now, all my portfolio is in cash, Money Market accounts, CD's and some bonds. No stocks or stock mutual funds. That's a great rate for a MMA. I got some short term CD's (less than a year) at lower rates.

Back to the topic - Robin Hood. Who wants to play Friar Tuck? Ted Kennedy? Bwany Fwank? If Obama does get elected, everyone will be selling all of their holdings to get a lower tax rate now before Obama's higher tax rate on capital gains gets passed.

Of course, if McCain gets elected ... and he pushes for the dramatic lowering of the capital gains tax he has mentioned, you will see a historic flood of money pour into the stock market. The DJIA will take off like a rocket.