FICA ceilings are removed?
TAXES TAXES TAXES
= PUNISHING THE WORKERS
=REWARDING THE NON PRODUCERS
Too many are beginning to think Obama is, well, a naïf—and hence dangerous.
::::::::::
To ANYONE that realized who and what he is, and what is agenda is, he is DANGEROUS. He is DISASTEROUS. He is a Marxist with a hate for American prosperity, strength and capitalism. He HATES AMERICA and the achievers in it.
1) Socialism
2) Socialism
3) Socialism
4) Socialism
5) Socialism
And I mean it, too. The most corrupt part of the US government is how we allow lobbyists to modify the Internal Revenue Code to support even the most narrow of constituencies and causes unprecedented economic consequences.
After all is said and done, in about another year, the percentage of people in this country who do not pay taxes will have increased from about 30-38% to almost 50% or better.
The tipping point has been reached as the Dems have succeeded in creating a Super Majority voting block and will never be able to be voted out of office. This was their plan all along I fear. We've been had.
I’m watching the markets closely to decide when to jump back in. My worry isn’t whether stocks will ever go back up, it is worrying about picking a stock from a company that might not survive.
Obama knows nothing about the conditions necessary to fix and grow an economy. But he full well knows how to destroy one. He knows his anti-stimulus package will do exactly that. The destruction of the economy and a free America is his goal. His actions are deliberate and outright treasonous. And people had better wake up and realize it.
Anyone with an ounce of brains was out of the market 2,500 points ago. The problem is those that have 401K that cannot get out. The brokers are making money trading these down and people are losing them - most of the employees where I work have asked to close their 401K and move to IRA’s but they have been rejected due to not meeting the requirements.
1. O
2. B
3. A
4. M
5. A
6-cap and trade
7-nationalize health care
8-trade wars
9-any war-as bad as his domestic policy is his foreign policy is worse.
10-it doesn’t matter to ZerO that the market has tanked 40% since he was elected.
11-giving money to european banks from american coffers.
I don’t think this list is finite.
This creates another market fear (which Cramer seems to be alluding to), i.e. to make up for funding shortages, the Government will turn to dictating drug and medical company pricing. This of course will lead to bankruptcy, at which time the Government will dictate development and production policy.
This is similar to what has happened to the auto industry as a result of the CAFE standards. Investors fear that industries related to the subsidized and entitled programs will come under government control.
THE BRIGHT SIDE! - If Americans can begin to understand this process, they will GET how socialism is so damaging.
Good article. Worth reading the whole piece.
“The proverbial Wall Street capitalists”
Who are they?
Let’s see some detail:
A list of names - individual and corporate
Who they supported in the election
How much they donated to Obama
Article Comment:
"I predict Obama will face public demands for his impeachment, if he fails to mend his ways."
People expect Obama to be driving us "back to the house", but he's telling us we have a 'new house', in "Socialismville", and that's where he's driving us instead. He repeats over and over, "You'll like it there."
Impeachment is certainly at the "thinkable" stage.
We are doing the equivalent at the moment of someone in credit card trouble. We are surfing the national debt, from place to place, trying to find lower interest rates, and charging the back interest on the debt which we cannot pay while trying to cover up how bad it is. We are also still spending and charging it. At some point this house of cards is going to collapse. The more spending we do the sooner it will happen. This is not paranoia. It is a simple matter of the mathematics of the situation.
What we are doing is going to bankrupt the country and all the entitlement programs. The Federal government is in as bad a shape as California. Tax revenues are falling. With job losses comes a loss of personal and corporate income taxes. Pension plans of other corporations, not just GM, but GE and others are going to blow up as their stock prices decline, their ability to borrow, and run their business is destroyed. State and city plans also are under funded and will implode.
This is the crisis Obama and Rahm Immanuel think they can manage. They are wrong.
"The problem with socialism is that eventually you run out of other people's money." - Margret Thatcher
-ping-
Wall Street is wooried because they know that a bankrupt government cannot bailout a bankrupt bank.
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.