The Obama mega-thread II (merged) - Page 3

AVGWarhawk · 03-09-09, 07:59 PM

If he gets away with this...nothing will be untouchable for Obama. That is a scary thought.

Platapus · 03-09-09, 09:16 PM

I think that before we get too excited here, perhaps we should go back and read the referenced article

" The administration isn't commenting on anything beyond what was proposed in its first budget, submitted last week..."

"housing and banking trade groups are worried that the proposal to cut back on the ability of upper-income families to write off mortgage interest and other expenses is just the opening move in a longer-range effort to reform the federal tax code."

Sounds like more of this "future doom" stuff to me.

"What did the Obama budget propose specifically on mortgage interest and property tax deductions? Starting in 2011, homeowning households with adjusted gross incomes of $250,000 and above could take write-offs only at a 28 percent marginal tax bracket rate. "

Adjusted Gross Income is calculated by taking an individual's gross income and subtracting the income tax code's enumerated deductions, and is an important benchmark determining certain other allowed benefits. $250,000 AGI is pretty rich! and Obama always said he would be taxing the rich more. I wish I had a quarter of a million dollars AGI.

The homebuilders, banks and mortgage associations don't like it but they are only concerned with their profit. "No trade group has offered specific projections of price or sales reductions attributable to the cutbacks, however."

"Obama has not referred to a broader agenda..." Some of his advisors have suggested other things but they are not the President. I am sure the President get all sorts of suggestions they don't take.

Besides this all has to pass Congress. As we have already seen, even the Democrats in Congress are not rubber-stamping what President Obama wants.

As it should be, what the President wants and what Congress may give him may be very different.

This article sounds like another camel's nose to me.

Let's wait until an actual bill is written before getting all spun up.

August · 03-09-09, 09:25 PM

Quote:

Originally Posted by Platapus

I think that before we get too excited here, perhaps we should go back and read the referenced article

" The administration isn't commenting on anything beyond what was proposed in its first budget, submitted last week..."

"housing and banking trade groups are worried that the proposal to cut back on the ability of upper-income families to write off mortgage interest and other expenses is just the opening move in a longer-range effort to reform the federal tax code."

Sounds like more of this "future doom" stuff to me.

"What did the Obama budget propose specifically on mortgage interest and property tax deductions? Starting in 2011, homeowning households with adjusted gross incomes of $250,000 and above could take write-offs only at a 28 percent marginal tax bracket rate. "

Adjusted Gross Income is calculated by taking an individual's gross income and subtracting the income tax code's enumerated deductions, and is an important benchmark determining certain other allowed benefits. $250,000 AGI is pretty rich! and Obama always said he would be taxing the rich more. I wish I had a quarter of a million dollars AGI.

The homebuilders, banks and mortgage associations don't like it but they are only concerned with their profit. "No trade group has offered specific projections of price or sales reductions attributable to the cutbacks, however."

"Obama has not referred to a broader agenda..." Some of his advisors have suggested other things but they are not the President. I am sure the President get all sorts of suggestions they don't take.

Besides this all has to pass Congress. As we have already seen, even the Democrats in Congress are not rubber-stamping what President Obama wants.

As it should be, what the President wants and what Congress may give him may be very different.

This article sounds like another camel's nose to me.

Let's wait until an actual bill is written before getting all spun up.

Damn fine analysis and advice there Platapus

JetSnake · 03-09-09, 11:36 PM

I can't stand the Kenyan as much as the next guy, but I do realize they ask for more than they know they will get once a bill goes through both houses: before it is voted, signed etc. However, the danger is having die-hard loonies controlling both houses like now(pelosi/reid). Reid just slightly less loonie than the botox crack whore in charge of congress. That is the danger with majorities and a like-minded executive branch they will get mostly what they want, while the whole idea of partisanship is flushed down the toilet. Unless you believe like liberals do that partisanship means: we won deal with us.

Oh and to you flaming liberals, what goes around comes around. Remember during 2006 51%of dems wanted Bush to fail as well. I hope the Kenyan fails super hard, because we can't afford his spending bills. He even put Bush to shame and it hasn't been 3 months yet.

Enigma · 03-10-09, 12:30 AM

Jetsnake,

Your post alone, even to the right wingers amongst us, should leave you with zero credibility on the issue, being that it's so pathetically infantile. Slander, inaccuracies, hatred, and revenge. the make up of an infantile mind. Be on your way, sonny.

Sea Demon · 03-10-09, 12:33 AM

While I don't believe Obama is "anti-homeownership" as a cause, I do believe the direction he's charted will eventually remove the incentive and make it harder to own. Obama was a large taker of Fannie and Freddie money, while government regulators were pushing bad loans on lending institutions to people who could not afford them. To me, Obama is classically naive in the worst as a result. Especially if he doesn't understand that many people can see this clearly.

The problem is guys like Obama don't actually understand the results from bad policy that they've supported in the past, while the whole thing crumbles right in front of them. Ideologues like him cannot see past it. Obama and other left wing Democrats pushed for this stuff while the Bush administration warned of dire consequences if this policy was not changed. Well, Mr. Bush seems to have been correct here. And all guys like Obama can do is pretend that government regulators weren't a huge part of the problem, and push for even more intervention.

This is why Obama will fail. He's pushing for more of what's caused the problems to begin with. If he pushes for big government, over-regulation, higher taxes......yes, I hope he fails in doing those things. I hope he fails in this because his plans here will not actually increase prosperity, home ownership, or personal responsibility. Nor will it foster economic growth and economic expansion as a whole. It will merely raise debt, drive inflation, disincentivize capital risk, and make lending for economic growth very difficult. His plans will not work from a historical context despite the hopes from some of his most ardent supporters.

August · 03-10-09, 07:26 AM

Quote:

Originally Posted by Enigma

Jetsnake,

Your post alone, even to the right wingers amongst us, should leave you with zero credibility on the issue, being that it's so pathetically infantile. Slander, inaccuracies, hatred, and revenge. the make up of an infantile mind. Be on your way, sonny.

Seconded.

Sailor Steve · 03-10-09, 10:14 AM

Thirded.

Or do I just cast a vote now?

SUBMAN1 · 03-10-09, 07:58 PM

Time for Obama to get with the program. Maybe he should read this. Try a bit of peace in the middle east for once.

http://www.nytimes.com/2009/02/08/op...y.html?_r=1&em

-S

Kapitan_Phillips · 03-10-09, 08:00 PM

Well the Muslim world isnt exactly famous for its listening skills.

SUBMAN1 · 03-10-09, 08:03 PM

Quote:

Originally Posted by Kapitan_Phillips

Well the Muslim world isnt exactly famous for its listening skills.

True, but at least an olive branch must be extended, and if that is not accepted, than maybe replace it with a sledgehammer.

-S

SUBMAN1 · 03-10-09, 09:58 PM

Up to 324K sigs and rising:

http://www.wnd.com/index.php?fa=PAGE.view&pageId=81550

-S

Etienne · 03-10-09, 10:02 PM

That the one?

Gotta love Wikipedia.

SUBMAN1 · 03-10-09, 10:05 PM

That is a fake. Already proven to be a fake. This is why the subject still exists. Someone from the Obama administration sent this digital version. There is no hard copy. The Supreme Court has already rejected the version above.

-S

SteamWake · 03-10-09, 10:09 PM

Quote:

We saw Mr. Obama as a symbol of this justice. We welcomed him with almost total enthusiasm

Thats been goin around I hear.

03-09-09, 07:59 PM	#31
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,266 Downloads: 90 Uploads: 0	If he gets away with this...nothing will be untouchable for Obama. That is a scary thought. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

03-09-09, 09:16 PM	#32
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,375 Downloads: 63 Uploads: 0	I think that before we get too excited here, perhaps we should go back and read the referenced article " The administration isn't commenting on anything beyond what was proposed in its first budget, submitted last week..." "housing and banking trade groups are worried that the proposal to cut back on the ability of upper-income families to write off mortgage interest and other expenses is just the opening move in a longer-range effort to reform the federal tax code." Sounds like more of this "future doom" stuff to me. "What did the Obama budget propose specifically on mortgage interest and property tax deductions? Starting in 2011, homeowning households with adjusted gross incomes of $250,000 and above could take write-offs only at a 28 percent marginal tax bracket rate. " Adjusted Gross Income is calculated by taking an individual's gross income and subtracting the income tax code's enumerated deductions, and is an important benchmark determining certain other allowed benefits. $250,000 AGI is pretty rich! and Obama always said he would be taxing the rich more. I wish I had a quarter of a million dollars AGI. The homebuilders, banks and mortgage associations don't like it but they are only concerned with their profit. "No trade group has offered specific projections of price or sales reductions attributable to the cutbacks, however." "Obama has not referred to a broader agenda..." Some of his advisors have suggested other things but they are not the President. I am sure the President get all sorts of suggestions they don't take. Besides this all has to pass Congress. As we have already seen, even the Democrats in Congress are not rubber-stamping what President Obama wants. As it should be, what the President wants and what Congress may give him may be very different. This article sounds like another camel's nose to me. Let's wait until an actual bill is written before getting all spun up. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

03-10-09, 12:30 AM	#35
Enigma The Old Man Join Date: May 2005 Location: At comms depth, obviously. Posts: 1,476 Downloads: 7 Uploads: 0	Jetsnake, Your post alone, even to the right wingers amongst us, should leave you with zero credibility on the issue, being that it's so pathetically infantile. Slander, inaccuracies, hatred, and revenge. the make up of an infantile mind. Be on your way, sonny. __________________ "Patriotism is supporting your country all the time, and your government when it deserves it." -Mark Twain

03-10-09, 10:14 AM	#38
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	Thirded. Or do I just cast a vote now? __________________ “Never do anything you can't take back.” —Rocky Russo

03-10-09, 07:58 PM	#39
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	Why the Muslim World Can’t Hear Obama Time for Obama to get with the program. Maybe he should read this. Try a bit of peace in the middle east for once. http://www.nytimes.com/2009/02/08/op...y.html?_r=1&em -S __________________

03-09-09, 11:36 PM	#34
JetSnake Navy Dude Join Date: Nov 2002 Posts: 176 Downloads: 12 Uploads: 0	I can't stand the Kenyan as much as the next guy, but I do realize they ask for more than they know they will get once a bill goes through both houses: before it is voted, signed etc. However, the danger is having die-hard loonies controlling both houses like now(pelosi/reid). Reid just slightly less loonie than the botox crack whore in charge of congress. That is the danger with majorities and a like-minded executive branch they will get mostly what they want, while the whole idea of partisanship is flushed down the toilet. Unless you believe like liberals do that partisanship means: we won deal with us. Oh and to you flaming liberals, what goes around comes around. Remember during 2006 51%of dems wanted Bush to fail as well. I hope the Kenyan fails super hard, because we can't afford his spending bills. He even put Bush to shame and it hasn't been 3 months yet.

03-10-09, 12:33 AM	#36
Sea Demon Ocean Warrior Join Date: Mar 2004 Location: USA Posts: 2,552 Downloads: 33 Uploads: 0	While I don't believe Obama is "anti-homeownership" as a cause, I do believe the direction he's charted will eventually remove the incentive and make it harder to own. Obama was a large taker of Fannie and Freddie money, while government regulators were pushing bad loans on lending institutions to people who could not afford them. To me, Obama is classically naive in the worst as a result. Especially if he doesn't understand that many people can see this clearly. The problem is guys like Obama don't actually understand the results from bad policy that they've supported in the past, while the whole thing crumbles right in front of them. Ideologues like him cannot see past it. Obama and other left wing Democrats pushed for this stuff while the Bush administration warned of dire consequences if this policy was not changed. Well, Mr. Bush seems to have been correct here. And all guys like Obama can do is pretend that government regulators weren't a huge part of the problem, and push for even more intervention. This is why Obama will fail. He's pushing for more of what's caused the problems to begin with. If he pushes for big government, over-regulation, higher taxes......yes, I hope he fails in doing those things. I hope he fails in this because his plans here will not actually increase prosperity, home ownership, or personal responsibility. Nor will it foster economic growth and economic expansion as a whole. It will merely raise debt, drive inflation, disincentivize capital risk, and make lending for economic growth very difficult. His plans will not work from a historical context despite the hopes from some of his most ardent supporters.

03-10-09, 08:00 PM	#40
Kapitan_Phillips Silent Hunter Join Date: Jul 2005 Location: Swansea Posts: 3,903 Downloads: 204 Uploads: 0	Well the Muslim world isnt exactly famous for its listening skills. __________________ Well, here's another nice mess you've gotten me into.

03-10-09, 09:58 PM	#42
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	Petition for Obamas birth certificate Up to 324K sigs and rising: http://www.wnd.com/index.php?fa=PAGE.view&pageId=81550 -S __________________

03-10-09, 10:02 PM	#43
Etienne Seasoned Skipper Join Date: Jan 2002 Location: Canada Posts: 695 Downloads: 1 Uploads: 0	That the one? Gotta love Wikipedia.

03-10-09, 10:05 PM	#44
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	That is a fake. Already proven to be a fake. This is why the subject still exists. Someone from the Obama administration sent this digital version. There is no hard copy. The Supreme Court has already rejected the version above. -S __________________