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An August Surprise from Obama?
Reuters ^ | 8/5/2010 | James Pethokoukis

Posted on 08/05/2010 9:53:06 AM PDT by Qbert

click here to read article


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To: Scott from the Left Coast
. . . How about suspending payroll taxes for a year? . . .

I believe he is going to do that one better. How about just suspending payrols for 1 year or maybe two or three or four?

81 posted on 08/05/2010 10:44:22 AM PDT by An Old Man
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To: Jack Black

” The end of contract law, along with the voiding of the foundations of democracy via judicial dictatorship is where we are. “

Exactly. Starting with GM.


82 posted on 08/05/2010 10:44:31 AM PDT by stephenjohnbanker (.)
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To: Qbert
I am sure this is going to be counted as income for tax purposes.

If these guys can't pay their mortgage, how are they going to pay the taxes?????

Will Obama send 30% of these 1/5th of mortgages to prison for taxes?

83 posted on 08/05/2010 10:44:49 AM PDT by dila813
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To: Eric in the Ozarks

What about those of us who just took out mortgages that haven’t yet been consumed by Fannie and Freddie? You know... us saps that waited until the obvious bubble burst (I waited for more than 10 years for this to happen). So now I get to pay for everyone else’s mistakes as well as having put my wishes on hold for more than a decade thinking that was the smart and proper way to go about things.

What a rube was I!

Where’s my cheese?!!!


84 posted on 08/05/2010 10:45:56 AM PDT by jurroppi1
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To: crosshairs
No, no. Its gonna come outa Obama's "stash". Das why they voted for him.

Yep. As predicted by Miss "I won't have to worry about paying my mortgage no mo". Next, the gas station credit card forgiveness plan, and she'll be all set.

85 posted on 08/05/2010 10:49:38 AM PDT by scottinoc
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To: Qbert

I fully support any state that wishes to leave the union.


86 posted on 08/05/2010 10:49:44 AM PDT by Psycho_Bunny (Hail To The Fail-In-Chief)
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To: Qbert

That might win him the election (or not) but it would earn him the enduring hatred of the millions of voters who’ve sacrificed to do the right thing and live up to their word. Yeah, take my money to bail out someone who was LESS honorable and responsible. I’m sure many people would sooner cut a guy’s throat for that than look at him.


87 posted on 08/05/2010 10:50:30 AM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: 2nd Bn, 11th Mar

REPARATIONS

You have said the magic word!!!


88 posted on 08/05/2010 10:51:30 AM PDT by WILLIALAL
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To: 2nd Bn, 11th Mar

REPARATIONS

You have said the magic word!!!


89 posted on 08/05/2010 10:51:38 AM PDT by WILLIALAL
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To: Qbert

These people were O voters in the first place.

NINJAs.

No income
No job
No assets


90 posted on 08/05/2010 10:53:03 AM PDT by Carley (For those who fought for it, freedom has a flavor the protected will never know.)
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To: Qbert

So how many mortgage lenders and real estate brokers are going to fall to this ax? Zero hasn’t learned a thing. We, The People, have.

Time to take back America!!

We don’t need any more of Zero’s “help,” nor that of Harry Reid.

I warned my son years ago, that when Dems were in the White House, it was tax-and-spend, and somehow, they always managed to set up the perfect conditions for a war.

GR-R-R-rrrrrrr!

Zero acts as if the treasury department is his own private mint.


91 posted on 08/05/2010 10:53:29 AM PDT by Monkey Face (If you think health care is expensive now, wait till it's free.)
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To: Qbert

I thought vote buying was illegal? /s


92 posted on 08/05/2010 10:56:07 AM PDT by Reagan is King
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To: Qbert

God, we taxpayers are generous to a FAULT!!

/disgusted sarc


93 posted on 08/05/2010 10:56:11 AM PDT by DustyMoment
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To: Jack Black

Your picture pretty much says it all. The Dems must be pretty slow if they don’t think this will backfire on them. Just a few numbers:

Homes paid off: 34%
Homes with morts above water: 50%
Homes with morts under water: 16%

The 25% number thrown around for under water homes only takes into account homes with mortgages. When you take into account the huge number of homes that are paid off (which be definiton can’t be under water) then it drops to 16% of homes.

Does Obama not understand that 84% of home owners are going to be hopping mad that they are expected to pay down the mortgages of 16% of Americans?

He also doesn’t consider that not all 16% of under water mortgage households want this bailout? A significant number are still able to make their payments each month (nothing has really changed except the value of their home on paper), and they may consider not selling the country down the road into economic bankruptcy more important than getting their piece of the Obama pie.

Overall, I think this has the potential to turn way more people against the Dems than they might pick up.


94 posted on 08/05/2010 10:59:13 AM PDT by Brookhaven (The next step for the Tea Party--The Conservative Hand--is available at Amazon.com)
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To: Qbert
The Republican response needs to be that "the American people don't want more government handouts, they want JOBS!". Say it loud and often to expose this as the government giveaway of our tax dollars that it is.

I don't think it's going to help him anyway, that's how bad off he is right now.

95 posted on 08/05/2010 10:59:25 AM PDT by Reagan is King
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To: Qbert

Okay, who told the president what comes after trillion?!


96 posted on 08/05/2010 11:00:07 AM PDT by USNBandit (sarcasm engaged at all times)
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To: An Old Man
I believe he is going to do that one better. How about just suspending payrols for 1 year or maybe two or three or four?

And with zero payroll costs, companies can afford to hire lots of people, so unemployment will go down, and corporate profits will skyrocket!

Brilliant!

97 posted on 08/05/2010 11:01:16 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Qbert
There will be a Jubilee!

Where is Kondratieff when you need him?

98 posted on 08/05/2010 11:01:34 AM PDT by Carry_Okie (Government is an apex predator.)
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To: Qbert

I do believe at first thought after reading this article, that only the fools that are currently Obamubjects will retain their idiotic adulation for the Soros Pimp, and sycophants this upcoming election.

I don’t think anybody but Obama himself will realize a “bump” out of this other than the taxpayers as they are bumped further into the debt hole from Hell.


99 posted on 08/05/2010 11:02:25 AM PDT by rockinqsranch (Liberalism draws criminals as excrement draws flies. Liberals are only good for bait.)
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To: An Old Man

That is quickly becoming the actual effect of his presidency.


100 posted on 08/05/2010 11:03:43 AM PDT by Scott from the Left Coast
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