Your lack of paragraphs makes kitty's eyes hurt.
Posted on 03/01/2009 7:10:32 AM PST by SeekAndFind
There is a doomsday clock that hangs at the University of Chicago that is meant to show how close we are to the end of the world. It doesn't move much. In fact, it was moved two minutes closer to midnight in January of 2007. Since then we have had no movement and we now stand at 5 minutes before midnight, or the expected end of the world. Why do I bring this up? Until recently I would have put the chance of Obama not being re-elected at about the same chance the doomsday clock hits midnight in the next 4 years. After reading the Obama "tax the wealthy" plans, I am moving the Obama Doomsday Clock up by 1 minute. Let me digress, I have a friendly banter with a Wall Street professional and I have always argued that there is a 99% chance that Obama will be re-elected in 4 years. One, he is the most charismatic speaker of our generation, if not a few generations. His speech patterns and pauses are mesmerizing and could sell you just about anything. Two, he is inheriting the biggest financial and economical disaster in 70 years. Why is this good? All he has to do in the next four years is just STOP the decline. He doesn't even have to turn anything around. He just has to stop the bleeding. Get unemployment to stop RISING, and get housing to find a BOTTOM, somewhere, anywhere. That's it. His re-election is sealed with "I have stopped the greatest disaster in the last 100 years and I can make this country turn around if you give me 4 more years". Done. He is in. "Not so fast my friend." as Lee Corso, ESPN football commentator would say. After reading his budget plans, I was shocked to see how much he is attacking the wealthy. It is is one thing to raise their taxes, but I read in disbelief how mortgage interest will no longer be a tax deduction and how there will no longer be a tax deduction for charitable contributions. As if the charities weren't hit hard enough by this market and Madoff, now no tax deduction for contributions? So, we are going to rely on the good hearts of the super wealthy to give large amounts with NO financial gain, just an altruistic pat on the back? Wow, talk about robbing Paul to pay Peter, or better yet, robbing St. Peter to pay Uncle Sam. Taking the mortgage interest off the table is also just as questionable. We need a housing bottom, we need to encourage wealthy and not-as-wealthy people to pay their mortgages and buy homes, and now you take away the tax deduction for mortgage interest. How is this helping to find a housing bottom? You just made mortgages a whole lot more unattractive to people that have a decent net worth and that can spend some money and get things moving. I know have to scale my Obama Re-Election Clock back to 92% from its current 99%. Why? Because 5% of the population controls 95% of the wealth in this country and Obama just declared war on them. Like it or not, money equals power in our society. The more money you have, the more power and influence people give you. I am not here to start a moral debate over money, power, and influence, but let's just say if you are a big donor to your local and State politicians and you request a phone call with them, they are going to call you back. If you start rustling the feathers of enough wealthy people with power and with powerful connections, there tends to be a backlash of some kind down the road. This opens the door a crack for someone like Mitt Romney to step up in 2012. You can see the slogan as "I ran successful corporations, and American is a big corporation. We need a business and economic leader like myself to turn this country around". Is it a dead heat right now? No way. Again, all Obama has to do is stop the bleeding, and he is in for four more years. They say in life to never bite the hand that feeds you (or your government in this case) and Obama has nibbled on a finger. If he attacks the rest of the hand don't be surprised to see the Republicans start a "he just doesn't have the experience to get us out of this" conversation in 24 months, and to boast of their big business prowress.
Anyone who fancies themselves an enlightened prophet can guess again.
Your lack of paragraphs makes kitty's eyes hurt.
Paragraphs are our friends.
A deluded electorate is more than capable of re-electing someone they think will save them.
Who knows? We kicked Carter to the curb, but elected FDR four times. I’d like to think we wouldn’t be that foolish again, but people have a way of letting you down.
I think whole point of this exercise, as well as many other “progressive” initiatives is to move people into a increasing state of dependance on the government (the collective) instead of local churches, charities, and the good will of their friends and neighbors. Kill the churches and charities and who do the poor have to turn to but the Government?
On the other hand, reduce the likelyhood that people buy larger houses by making it more expensive, or at least reduces wealth and converts their money into taxes for the collective. This would really only affect the high end of the upper class rather than the really wealthy who can buy housing outright and don’t need loans.
If this action reduces bank profits so much the better. Share price goes down, cheaper to nationalize. Now if you control the process of issuing loans, you can virtually dictate things like allocation of living space. (We have reviewed your file! You rich pig...why do you need more than 1200 square feet of space? Do you think yourself better than everyone else in the collective? You will be happy with 800 square feet of space in Cabrini Green! Loan denied!)
There is a doomsday clock that hangs at the University of Chicago that is meant to show how close we are to the end of the world. It doesn't move much. In fact, it was moved two minutes closer to midnight in January of 2007. Since then we have had no movement and we now stand at 5 minutes before midnight, or the expected end of the world.
Why do I bring this up? Until recently I would have put the chance of Obama not being re-elected at about the same chance the doomsday clock hits midnight in the next 4 years. After reading the Obama "tax the wealthy" plans, I am moving the Obama Doomsday Clock up by 1 minute.
Let me digress, I have a friendly banter with a Wall Street professional and I have always argued that there is a 99% chance that Obama will be re-elected in 4 years. One, he is the most charismatic speaker of our generation, if not a few generations. His speech patterns and pauses are mesmerizing and could sell you just about anything. Two, he is inheriting the biggest financial and economical disaster in 70 years.
Why is this good? All he has to do in the next four years is just STOP the decline. He doesn't even have to turn anything around. He just has to stop the bleeding. Get unemployment to stop RISING, and get housing to find a BOTTOM, somewhere, anywhere. That's it. His re-election is sealed with "I have stopped the greatest disaster in the last 100 years and I can make this country turn around if you give me 4 more years". Done. He is in.
"Not so fast my friend." as Lee Corso, ESPN football commentator would say. After reading his budget plans, I was shocked to see how much he is attacking the wealthy. It is is one thing to raise their taxes, but I read in disbelief how mortgage interest will no longer be a tax deduction and how there will no longer be a tax deduction for charitable contributions. As if the charities weren't hit hard enough by this market and Madoff, now no tax deduction for contributions? So, we are going to rely on the good hearts of the super wealthy to give large amounts with NO financial gain, just an altruistic pat on the back? Wow, talk about robbing Paul to pay Peter, or better yet, robbing St. Peter to pay Uncle Sam.
Taking the mortgage interest off the table is also just as questionable. We need a housing bottom, we need to encourage wealthy and not-as-wealthy people to pay their mortgages and buy homes, and now you take away the tax deduction for mortgage interest. How is this helping to find a housing bottom? You just made mortgages a whole lot more unattractive to people that have a decent net worth and that can spend some money and get things moving.
I know have to scale my Obama Re-Election Clock back to 92% from its current 99%. Why? Because 5% of the population controls 95% of the wealth in this country and Obama just declared war on them. Like it or not, money equals power in our society. The more money you have, the more power and influence people give you. I am not here to start a moral debate over money, power, and influence, but let's just say if you are a big donor to your local and State politicians and you request a phone call with them, they are going to call you back. If you start rustling the feathers of enough wealthy people with power and with powerful connections, there tends to be a backlash of some kind down the road.
This opens the door a crack for someone like Mitt Romney to step up in 2012. You can see the slogan as "I ran successful corporations, and American is a big corporation. We need a business and economic leader like myself to turn this country around". Is it a dead heat right now? No way. Again, all Obama has to do is stop the bleeding, and he is in for four more years.
They say in life to never bite the hand that feeds you (or your government in this case) and Obama has nibbled on a finger. If he attacks the rest of the hand don't be surprised to see the Republicans start a "he just doesn't have the experience to get us out of this" conversation in 24 months, and to boast of their big business prowress.
It may not be necessary to “kill the churches” - if 10% of the electorate (the Bride of Christ) isn’t around to vote, the world is left with just the apostate church. The latter is hardly charitable....it works hand-in-hand with socialist leaders.
Depends on the meaning of 're-elected'. These folks have waited for years to take the reigns of power. By hook or by crook; they have no intention of giving them up.
Thanks very much for doing the formatting for me. Appreciate it.
I just kinda wish FR had the tools to allow someone to correct typing and formatting mistakes just like other forums.
Since his goal is not to have elections in the future, this is a good question. Will there be an election in four years. Will there be a contrived crisis arise right around election time during an already depressed economy with the country practically in an internal war between race and beliefs with food and health care shortages! <
That is just the U.S. not counting what will be going on around the world globally.>
Obama and the Democrats in Congress are giving tons of handouts and free money to people who don't even work, don't want to work or don't even pay taxes. Obama is not stupid, he plans on getting votes from these people.
Worst possible thing that could happen! Don't even wish for it!
If Obama succeeds in supressing free speech by muzzling talk radio, Internet blogs as well as Fox News and the MSM confinues as his Ministry of Propaganda a second Obama term may be possible. I would expect him to become President for life shortly there after.
Don't use HTML and hit return twice when you want a new paragraph. You can see any misspelled words in the reply box if you're using Firefox (they'll be underlined in red).
And what the original poster was complaining about, to which you replied, was yet something else, that being the inability to re-edit posts you have already made to correct mistakes.
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