At the beginning of the news conference our highly educated president said that the ability of homeowners to refinance their mortgages at a lower interest rate is the equivalent of a tax cut.
In the real world when you lower the interest rate on your mortgage, you end up paying less interest which then lowers the deduction you can take thereby RAISING your taxes.
Is this guy living in some parallel universe where the tax laws work in reverse? Are the rest of us going to be allowed to file our taxes on April 15th from that universe using his logic?
Is he through? Can I go into my living room again?
Ummm... doesnt he have an inside man named Doofy Joe? what the hell is Biden doing all day? Riding the train?
“”said that the ability of homeowners to refinance their mortgages at a lower interest rate is the equivalent of a tax cut. “”
I’m sure he figured that out on the campaign trail but just forgot to point out the “fine” details! Those pulling his strings can pull anything out of a hat for him to repeat and he’s none the wiser.
Read: We MUST flush more money down the drain.
“”include an energy policy that frees the nation from dependence on foreign oil.””
That’s such a novel notion - I wonder why we never thought of it before. You can tell what this creep has done to my mind - I read now like he talks! In bits and pieces....
He also said the tax cut was is the stimulus bill that was passed earlier. so there you have it
This man insults our intelligence 24/7. He is the worst liar to become President in history. It is just unbelievable.
What absolute dolts.
What he means: Obama said that he will continue to borrow hundreds of billions from the Chinese if they will lend it to us; barring that, he will simply print dollars. This money will be wasted on useless liberal pet projects and payoffs to political supporters. Eventually, the debt will have to be wiped out through hyperinflation, destroying the savings of every American family, leaving millions of Americans facing the prospect of a "retirement" dominated by poverty and hunger, and paving the way for a totalitarian dictatorship.
“And he said he never expected Congress to approve his plan without some changes. “
What is he saying? That he is shocked the entire House and Senate are bunch of whipped weenies? That he never expected them to let him get away with EVERYTHING and it’s their fault for approving it?
In the real world when you lower the interest rate on your mortgage, you end up paying less interest which then lowers the deduction you can take thereby RAISING your taxes.
About 22 yrs ago we bought a house for about $75k. We lived in the house for 10 yrs and watched our deductions go down and taxes go up. We sold the house for the same price we paid for it and bought a much bigger, more expensive house. I told hubby......I would rather spend more on a house than send my dollars to the govt.