Posted on 07/17/2008 7:19:36 AM PDT by Dutchgirl
Maybe...if you buy the sort of earrings the wife of a US Senator who makes a big salary because her husband got her boss a big, fat earmark would wear.
Democratic presidential candidate Barack Obama’s wife, Michelle, complained the government’s $600 economic stimulus check was only enough to buy “a pair of earrings” while stumping for her husband.
“You’re getting $600 - what can you do with that?” Mrs. Obama said in Pontiac, Michigan last week. “Not to be ungrateful or anything, but maybe it pays down a bill, but it doesn’t pay down every bill every month. The short-term quick fix kinda stuff sounds good, and it may even feel good that first month when you get that check, and then you go out and you buy a pair of earrings.”
Kind of hard to campaign as the people who represent the little people when you’re talking about your $600 earrings and your husband is going about Iowa bemoaning the price of arugula.
All joking, and evidence of the Obama’s family complete lack of common sense, aside I actually agree with what Michelle Obama was getting at here. The rebate checks were a one-time thing. You spend them, and they’re gone along with any stimulus they may or may not have done for the economy.
If we want long term economic stimulus we need tax cuts, which would put more money in the pockets of Americans by letting them keep more of their paychecks every single pay day. The stimulus from that money would be robust and lengthy, though somehow I don’t think that’s quite what Michelle was getting at.
She never said that’s what she did with it, or that she got any back at all. It’s more like she was assuming that the majority of Americans used it for some frivolous item. But it still shows her frame of mind, that 1) she thinks nothing of spending that amount on a pair of earrings and 2) that she thinks most of America did.
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
Well, we were told to go out and stimulate the economy with it. Buying something frivolous is more stimulating than just paying bills or putting it into savings.
But Michelle, just think about how much arugula you can buy for Obama’s salads.
Barrack needs to have her speak more, not less.
Well, I’ll turn my $600 into $25,000 or so by investing it in a ROTH IRA and leaving it alone for the rest of my life.
Rather, I would if making such decisions hadn’t already pushed me over the income limit for receiving the stimulus check. But since I’ve “won life’s lottery” by studying, working hard, and saving my money rather than buying $600 earrings, I’m not eligible.
> This witch makes me miss Hillary.
LOL - Totally agree.
Actually dropped my $600 in the Senior Center Food Bank...
Hope Obamassiah and his nitwit wife don't start harping about money for the children... earings...sheesh
When I was growing up, it seemed like every neighborhood had a witch living somewhere in the neighborhood. You always passed that house as quickly as you could.
If the Obamas get to the White House, we will all know where the witch lives.
She has a good point. I think the government should pay down every bill every month for every person. All we have to do is tax the rich some more.
How long will you have to live, to turn $600 into $25k?
It would also buy 30 people w/10 kids each, $20 in groceries for a week...or 60 people, $10 worth
Your thought was the same as mine. I thought her earnings, along with his, would keep them from any check.
This is kind of like the gunfire and shrapnel on visiting Bosnia, so firmly remembered by Hitlery — a big lie for rhetorical purposes.
In trying to belittle the size of the rebate, she betrays the level of her taste and spending. A woman that can’t concieve of earings costing much less than $600 a pair indicates her lifestyle clearly.
Thanks grellis.
25 years at 16.7% annual return with no additions, or 50 years at 8%.
Are you able to get 8% nowadays?
Every time she shoots herself in the foot it hurts Obama.
The average return in the stock market for the past 50 years has been right around 8%. The composite rate for corporate AAA bonds is currently above 7%. Combine that with a few solid mutual funds (mix of growth & value, large & mid cap stocks, and a sprinkling of sector plays) and it’s very achievable, given a longer time horizon. Two of the biggest mistakes most longer-term investors make are chasing (past) returns and panicking in a down market and losing the chance to ride the next wave up (as has happened the past three days).
Hey Michelle, we just had to put my 87 year old father in an assisted living facility where he’ll probably be for the rest of his life. Sure would appreciate it if you could see your way to helping us middle class working folks with aged parents in assisted living or nursing homes. Not that I’m holding my breath that you or Barak give a flying fig about folks like us.
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