Posted on 03/07/2009 9:15:42 AM PST by AJKauf
1) The proverbial Wall Street capitalists believe that, with new federal income tax rates, the removal of FICA ceilings, increases in capital gains rates, decreases in deductions, and simultaneous tax raises, not only will Obama remove incentives for innovation and productivity, but that he does not seem to care aboutor perhaps appreciatehe consequences?
2) On the spending side, investors see too many subsidies and entitlements that may Europeanize the populace and erode incentives, while creating so much debt that in the next decade, should interest rates rise, the federal budget will be consumed with servicing borrowing and entitlement obligations. A redistributive economy in which government ensures an equality of result is Wall Streets worst nightmare. Debt can only be paid back by floating more foreign debt, issuing more US bonds at home, raising taxes, or printing moneyall bad options in the mind of the investor.
3) Too many are beginning to think Obama is, well, a naïfand hence dangerous. He chest-thumps speeches Geithner cannot deliver. He says we are near the Great Depressionbut then, after the stimulus..
(Excerpt) Read more at pajamasmedia.com ...
Wall Street is wooried because they know that a bankrupt government cannot bailout a bankrupt bank.
This is how the public schools worked when I went through.
Unabashed patriotism and free enterprise were the order of the day. Of course, most of the teachers had grown up in the depression and WWII years.
BO seems to be a split-second decision maker with a reckless streak. He will have to rely on luck because he has nothing else going except his mouth. He’s one of the best bullsh!tter’s politics has ever seen. 4 and out.....
This is conscious policy. And, ironically, it takes a page from the Reagan playbook.
One of Reagan's goals for lower taxes was to starve the Federal beast. The idea was that lower revenues would force a slowdown in the growth of government. As we now know, this failed. To our stunned amazement no amount of debt could curtail the spending proclivities of the Federal Leviathan.
Note what is missing in the above passage about Obama's future spending requirements: defense spending. Obama's plan is to overwhelm the Federal Budget with untouchable entitlement spending and debt service forcing the nation to disarm. Pretty clever.
Obama and his minions are cunning and dangerous. Given the complicity and stupidity of the press it will be very difficult to stop them.
You really discover how much is being sucked out of your paycheck when you compare the last one in December to the first one in January. My middle son is really going to have to shift from simply living in my 2nd house to being an active rent payer when the taxes are cranked up. Since the property tax deduction is going away and the mortgage interest deduction is going to be reduced, I need to change those into expense items against the rental income. I would be happy if the net situation was a wash as any net income would just add to my tax burdens.
When you change it to a rental, you can write off income up to the level of expenses, and vice-versa.
So the ideal situation is for his rent to equal your cost.
This same observation holds true with respect to those who claim the "Fair Tax" would force fiscal responsibility by "starving the beast". The "beast" is bent on spending. It will spend whether it has money or not. Even with a "Fair Tax", the money in our pockets is going stolen by hyperinflation.
agree
he does not seem to care aboutor perhaps appreciate the consequences
I am convinced the HNIC does clearly know the consequences for America and is intent on paying America back for his incorrect perception that America is racist.
The only time I have any “superiority” thoughts regarding ANY other person is when they get in my face showing my pre-conceived preceptions to be correct. Like Rush said, I hope everyone prospers, but I would like to add, “At the sweat of their own brow, not by reaching into my pocket while I am bent over my plow”.
Another example of the great failing of the educational system.
I agree. The pubbie problem is that they worry far too much about protocol and decorum. DeLay was the last in-fighter they had in the House. I can’t remember a hard-nosed Rep. senator, can you? Not recently, anyway.
what do you mean?
Jesse Helms is the last one. Unfortunately, he’s unavailable to run again.
Thanks.
The VDH ping list was pinged to this article here: http://www.freerepublic.com/focus/f-news/2200550/posts
But the more the merrier.
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