Is it just me or does anyone else see that our newly elected president is overplaying the Crisis card way to much. He obviously isn't noticing that his views and actions on economics is have a severe and extremely negative impact on the Nazdaq and the stock market, or maybe he just doesn't care. His ideals of raising taxes and spend spend spend are clearly the wrong thing to do but according to all the liberals it's the only way to fix and revitalize our economy. It amazes me how quickly people forget or fail to look back at our history. If the people that we as a nation elected would take the time to look back over the last one hundred years they would clearly be able to see what they should and should not do. If the "president" really wanted to stimulate and revitalize our economy he would do away with the corporate, capitol gains, and death taxes as well as cut payroll taxes by fifty percent. Not only that, he would put an immediate freeze on all government hiring, propose that all members of the senate and congress would have to serve a minimum of twenty years in order to receive any retirement and or benefits. He would also propose pay cuts for the members of the senate and congress as well as all their staff. I know that all this will never happen and is pretty much just a pipe dream, but I have no doubt that if just the few things I mentioned were actually done the reaction would be immediately noticed and felt. I believe that our economy would literally turn around overnight and the stock market would make record highs. Oh, and btw, if any you are wondering, I'm a Marine, a Conservative, and damn proud of it.

History has been made with the election of our new president, but not for the right reasons. For all those that voted democrat, I hope you are happy with what you got.

With my social security, retirement and sporatic income that I now have, I do not come close to a six figure income let alone his $250,000 threshold.

Yet, the details are saying my taxes will go up. For 35 years, we saved and invested in land adjoining our properety which we always considered "our retirement". Now, even if the real estate market rebounds, we will be paying about $12,000 more in capital gains tax. Some retirement... Obama confiscates it for his spread the wealth plans.

I heard yesterday that the great tax savings amount to a change in the withholding tax averaging $13 per week. However, the tax tables themselves will not change. What that says is you will pay taxes on that $13 at the end of the year anyways.

The difference is, Ulmer, this time it's for us, not Iraq. The $700 billion we wasted there is what makes me upset. And I look at it as an investment, not just useless spending, which is what the previous administration did.

Doesn't matter where it's spent.
Obama's plan to increase debt and tax capital is beyond stupid in a time when there is a lack of capital and massive debt.

The whole point to my post is that you cannot spend your way out of a financial crisis. The real issue here is how does Comrade Obama intend for all the money being spent to get paid back?? Not only that, Obama is more concerned with instituting his ideology and socialistic views that being a strong president. The only thing that Obama has done is create a deficit that is more than double that of all the previous presidents combined. Personally that is not what I would want as my legacy, but then again we are talking about Obamanomics. If the man really wanted to stimulate the economy and benefit the citizens of the U.S. then he would be eliminating some taxes and reducing other ones. That is the only way the economy will be stimulated and have an immediate effect. What Obama's cabinet and congress is doing is way beyond the scope of their powers according to the Constitution of the United States, but since it isn't required reading most people don't know any of that.

Here is a quote by President Thomas Jefferson: 'A government big enough to give you everything you want, is strong enough to take everything you have..' The truth in that statement is very real and scary. If anyone is paying any attention at all they will realize that our current president is taking this country down a path that leaves it people dependent and endured to the government for all of there needs. Taking what someone else has worked for and earned by the sweat of their own brow and redistributing to others that have done nothing for it is wrong no matter how you look at it. Comrade Obama believes that doing this is a good thing. That is call socialism. As citizens of a free society socialism cannot exist. The only way socialism is able to exist is when the government has total control over its people, this means there is no industry, health care system, media outlets, or markets that the government does not control. That is a society where capitalism isn't allowed. When the government controls all these things there are no jobs to be had therefore creating an economy that leaves its people dependent on the very government that brought all of this about.

Should anyone doubt or not believe what I am saying look at Cuba. They are driving vehicles that are at least 50 yrs old. Why? Because they have no economy and no industry that allows them to do for themselves. The government controls everything in Cuba. The people of Cuba live in squalor and are extremely poor because they have a system that has been socialized. President Castro promised change when he took over Cuba. He was right about the change and now we have a president that is promising change and look at what he is doing. As I said before: for all those that voted for Comrade Obama I sincerely hope that you are happy with the choice you made.

Spend Spend Spend!!!!
Buy ammo, ammo, ammo!
The way things are shaping up there is a good chance that what we have been discussing, tongue-in-cheek, that is a sell-out of America by the Left will occur. The Obama administration is busy appeasing those who wish to destroy our nation. All that remains is a request to the UN for "peacekeepers" to disarm the people and protect the government.
Never thought it would happen, but...

The difference is, Ulmer, this time it's for us, not Iraq. The $700 billion we wasted there is what makes me upset. And I look at it as an investment, not just useless spending, which is what the previous administration did.




Black, please quit sippin the kool aid. you must not remember your core values?

quote:

Originally posted by 03LAWMAN:
The difference is, Ulmer, this time it's for us, not Iraq. The $700 billion we wasted there is what makes me upset. And I look at it as an investment, not just useless spending, which is what the previous administration did.




Black, please quit sippin the kool aid. you must not remember your core values?

Oh horse ****

quote:

Originally posted by wayoutfront:

quote:

Originally posted by 03LAWMAN:
The difference is, Ulmer, this time it's for us, not Iraq. The $700 billion we wasted there is what makes me upset. And I look at it as an investment, not just useless spending, which is what the previous administration did.




Black, please quit sippin the kool aid. you must not remember your core values?

Oh horse ****

c'mon, WOF! Don't hold back! Tell us how you really feel!

Well I quoted the guy ho screed up quoting the other guy

so my statement is for the first guy


got it

Ulmer even though the NAZDAQ and stock markets are good indicators of our economy, I do not put those numbers above all else in life.

It has been obvious for several years that the folks on Wall Street have become reactive to other determinants that a solid understanding of the economics of making markets. The progression from fundamental analysis to trend (technical) analysis to knee-jerk freak-outs whenever the media starts screeching provides a good insight into the professional qualifications of traders. The field was once controlled by persons who knew how the edifice of an economy was built and how to profit from the process of growth. Now it is a herd of paper peddlers out to screw each other and push "product" dreamed up by their houses.