Posted on 02/20/2009 9:16:03 AM PST by FromLori
If major tax and regulatory relief are not quickly instituted, our economy will soon hit the next major stage in its downward spiral.
This will happen because people are slowing their spending and their investing, as they have no idea what President Obama will do next. Businesses are losing money, contracting, and closing down. This leaves people without jobs and commercial real estate space empty. Closing businesses pushes down the value of real estate property. Left unchecked and uncorrected, we will soon begin to experience a major commercial real estate crash.
(Excerpt) Read more at blogs.lubbockonline.com ...
ping
Come to New Jersey and see it.
All over the place office buildings are EMPTY.
Sale/Lease signs all over the place.
Houses don’t sell.
It’s very quiet as unemployment keeps increasing.
And of course, Corzine just informed us that our house assessment would remain the same
BUT
our tax rate will go UP!
He is another believer in taxing our way into “prosperity” for all.
Yep. There was a tax revolt at a townhall in some NJ town the other night. A bunch of angry residents pissed off that their property taxes went up 20% after going up 24% last year. Obama can stop this with incentives for the productive members of society but he won’t. He is rejecting capitalism outright and ushering in socialism. Are we going to sit back and allow it? That is the big question. Voters were warned. Joe the plumber.... if only those swing voters had listened to him.
The whole country is now California and Michigan thanks to the democrats and the idiotic Obama kool aid drinkers
Related news...
REP. ENGEL URGES PRESIDENT OBAMA TO ENFORCE BUSH 41/CLINTON RESTRICTIONS ON IMPORTED ASSAULT WEAPONS
They are using the Mexican drug wars as cover...
They want the guns off the streets for when there is riots...
These Rats are purposely destroying our economy. There may be revolution after all
They don’t know what President Obama will do next?
I can tell you roughly what the socialist puppetmasters, Obamanistas AND the Clintonistas who comprise his administration will do, and here you have it:
They will proceed in their relentless march to the sea hellbent on establishing a socialist/communist/fascist haven that punishes the “rich” producers and rewards the “Nadya Sulemans” of the country, with very little to stand in their way.
The very least we can do is to QUIT BELIEVING OBAMA’S DOOM AND GLOOM LIES, PEOPLE! This is NOT the Depression unless those with courage and true values allow the UH-meister to continue to create one! - Hint - Go back to 2006 BEFORE The Two-Faces of the Democrat Party, Frank & Pelosi, TOOK CHARGE . . . THINK ABOUT IT!!
I’m doing my part. Short of quitting my job,I am reducing taxable income as much as possible and reducing taxable outgo as much as possible.
-No restaurant food. NONE!
-Bicycle commuting starts in about a month.
-Thermostat turned down.
-Flourescent lights.
-Actively and aggressively control and Combine driving trips.
-Buy used and from garage sales and Craigslist whenever possible.
-Getting ground ready for 1,500 sq ft garden.
-Save money PHYSICALLY. As in the proverbial mattress. Take it out of circulation until I actually need it. Banks pay so little interest as it is that the cost is minimal anyway.
The motivation is not financial. This is cultural/principle war. Principles that, when lived, can beat this thing.
Interest
And a special thanks to all the idiots who voted for Zero!...All you brain dead morons who think you are going to get something for nothing!!!
And what else do you expect a financial advisor to say? Ask him where his own investments are.
If he had a shred of love for the USA, BO would admit that he cannot handle the job of President and he would call for another election to replace himself and his moron VP, Biden.
But no, he would rather destroy this country than admit the obvious. Forty-six million voters do not deserve the coming suffering they and their families will have to endure because of the abject greed for power that the incompetent Democrats are cursed with.
He’s MY financial advisor, that’s why! We made money hand over fist with him when the going was good. He would tell us if he sincerely felt the market was going to poop further.
Besides, he’s not the only one that’s said this to me. I have noticed a slight uptick this last 2 weeks.
See what I found over at reuters. Is this meant to be reassuring?
” New York Stock Exchange trading halts will be triggered if the Dow Jones Industrial Average .DJI declines by 850 points compared to its previous close, unless the drop is after 2:30 p.m in which case trading will continue. Trading shall be halted for 1 hour if that limit is reached before 2 p.m. and for 30 minutes if it is breached from 2 p.m. to 2:30 p.m.
If the Dow falls 1,700 points before 1 p.m., trading will be halted for 2 hours and for 1 hour if the drop comes between 1 p.m. and 2 p.m. If such a drop is registered after 2 p.m., trading will not resume for the rest of the day.
In the event of a 2,600 point fall in the Dow, trading will be stopped and will not resume for the rest of the day. “
At least is we are going to have to live through a Depression like our parents or grandparents lived through, we can bring back fedora hats, big band music, great black&white movies, and Fibber McGee & Molly.
Greedy swing voters DID listen to him, “Spread the wealth” sounded pretty good. Too bad they were too stupid to recognize who Obama sees as “rich”.
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