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I always like to read sperrys political opinions
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He's not even a licensed plumber!!!
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The problem is, from an article I cannot find right now on Barron's, that Obama's tax plan affects those making $111k per year and up with significant increases.. not just the rich. I don't consider $111k per year rich, especially when it's lumped into the same group with $250k+ income. I hope it's all flowers and roses like you say Scott, unfortunately, I have a feeling I'll be paying a significantly larger amount of tax in the near future.
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According to Obama's calculator, I'm all good, it's just so difficult to decide what stories to believe.
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Written in 2001: http://www.theonion.com/content/node/28784
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http://i222.photobucket.com/albums/d...Picture3-8.png http://money.cnn.com/2008/10/29/news...lans/index.htm |
Even that CNN article misrepresents the TPC data. Not that they are even "The Gospel". If you want to see their analysis, go to http://www.taxpolicycenter.org/taxto...candidates.cfm
You will see that the data even diverges based on whether you beleive what they published, or said in speeches or put in press releases, and when... |
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Seriously, ignore everything that is promised during an election and simply look at the history of each party machine over the last 2 decades in Congress. Look at the trends of government agency and program expansion, and ask yourself where all that money will come from. Those costs will get passed on via direct and indirect channels to the group of people with the least amount of practical legislative and legal representation - i.e. you and me.
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Past performance is no guarantee of future results, but...
http://tlrii.typepad.com/thelisciore.../07/07/gdp.gif http://tlrii.typepad.com/thelisciore...employment.gif http://tlrii.typepad.com/thelisciore...employment.gif http://tlrii.typepad.com/thelisciore.../07/stocks.gif http://tlrii.typepad.com/thelisciore...07/07/gini.gif http://tlrii.typepad.com/thelisciore...ential-ec.html |
The National debt one is the scariest... We had it all but licked at the end of the Clinton years and now it is higher than ever.... :(
National debt = tax on your children and a reason not to count on social security to fund your retirement. |
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It can also be argued heavily that the behaviors of various long-term economic stats respond much faster to international events (such as war) than to a single president's policies within his administration timeframe. Different actions and events carry with them various time-lags. Calculation of such things as the national debt and GDP is very tricky these days...... |
I agree with Scotty on GDP, but national debt, not so much. National debt is a pretty real number based on pretty hard numbers right on the bottom of the federal government's balance sheet.
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Headline News...
CNNBC: "Obama's Loss Traced To Scott Perry"
http://www.cnnbcvideo.com/index.html...456326-3VuhKax That is some funny shit. |
:)
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Granted, it's only day 1, and the problems our nation faces today seem even harder than they did a year ago. The honeymoon may be *very* short with Obama. But I have to admit, it feels surprisingly good to know that Bush and his cronies can't screw up the world any more than they already have. http://www.chicagotribune.com/media/...1/44612666.jpg |
The DOW took a nice hit, thanks Obama!
But serirously, the fact that many people are happy about the concept of Obama being Presdient is certainly a success for us on the world stage. |
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Watching his first major news conference, one thing stands out. He speaks intelligently in complete sentences using actual English words and even occasionally answers the questions. Even if you disagree with his policies or politics, that should at least be refreshing.
I don't want us to end up like the 30s, or Japan and would rather not put future generations further in debt. I don't have the answers, but at least the financial people around him are a good cross section. Now if only we could get the congress, on both sides, to pull the sticks out of their asses and actually work for their constituents, we might get somewhere. I would really like to see all the rating agency management and staff and risk management folks at the CDO involved firms brought up on criminal fraud charges. |
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