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To: MAD-AS-HELL
He knows the theory of Marxism and the phraseolgy to make it sound benign, ie neighborliness. But he knows jack about business and economics. His plan to allow 401k holders to sell off $10K without reaching 59 is insane. The monies this will pull from the markets could crash them.

His capital gains exemption is for those who invest in small business. How many small businesses sell stock in themselves or take outside investment? Any income received by the proprietor is just that income, no different than the salary a teacher gets or a health care worker. He has not only no understanding of business and eco. He has no knowledge to help him develop understanding. His advisers are locked into European Social Democrat models or more extreme state /corporate socialist models. But he's preaching to a class divided society where the entitlement class wants more stuff and socialism is the vehicle to deliver. And they outnumber the rest of us.

17 posted on 10/14/2008 7:21:26 AM PDT by xkaydet65 (Freedom is purchased not with gold, but with steel.)
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To: xkaydet65

The Socialist One doesn’t need to know jack about anything. He’ll appoint people who do that will carry out the socialist transformation. It will be slow like water drops but the pieces will be put in place over his 8 years in office. The republican party will be relegated to nothing, talk radio will be cut off at the knees by the Fairness doctrine. George Orwell will be vindicated even though he was off by 25 years.


24 posted on 10/14/2008 7:26:38 AM PDT by MAD-AS-HELL (How does one win over terrorists? KILL them with UNKINDNESS)
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To: xkaydet65
His plan to allow 401k holders to sell off $10K without reaching 59 is insane. The monies this will pull from the markets could crash them.

Not only that, but many people will just pull the money out and blow it, leaving nothing for retirement, then ask for another entitlement.

44 posted on 10/14/2008 8:17:58 AM PDT by ravingnutter
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