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Obamas controversial tape

  • Mr.Stache said...

    Didnt Obama once say that in times of fear Southerners cling to their guns and bible In a condescending manner? I not sure which guys statement is more alienating.

    Nah that was people in Pennsylvania he was talking about if memory serves.

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    Sir Mix A Lot ●

  • Mr.Stache said...

    Didnt Obama once say that in times of fear Southerners cling to their guns and bible In a condescending manner? I not sure which guys statement is more alienating.

    No. He said that about us here Pennsylvanians.

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    big john

  • FL Buckeye said...

    Nah that was people in Pennsylvania he was talking about if memory serves.

    Yup. People here were pissed. I was not. Well the right folks here anyway.

    This post was edited by big john on 9/18/2012 at 9:27 PM

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    big john

  • TheKing said...

    And closing those Tax loopholes will certainly close the deficit gap won't it? I mean it should close it A LOT right?

    Problem solved, Tax the wealthy more and close the loop holes and deficit is no mas

    Of course not, but it could serve the same purpose as raising taxes without doing it. The only way to put a dent in the deficit is to cut spending. I'd start with defense spending myself.

    It's not taxing more. It's actually forcing people to pay the taxes they owe. Business owners create 10 different LLCs so that none of them make X amount to lower their tax rate, but if the LLCs were under the umbrella of one company, he would owe more in taxes. It's not like he is taking the money that he is saving and doing anything other than benefitting himself.

    I am not for raising taxes. Owners want a certain margin after EBITA, not before. To get it, they'll cut somewhere else.

    This post was edited by BetterOff on 9/18/2012 at 9:43 PM

    BetterOff

  • BetterOff said...

    Of course not, but it could serve the same purpose as raising taxes without doing it. The only way to put a dent in the deficit is to cut spending. I'd start with defense spending myself.

    It's not taxing more. It's actually forcing people to pay the taxes they owe. Business owners create 10 different LLCs so that none of them make X amount to lower their tax rate, but if the LLCs were under the umbrella of one company, he would owe more in taxes. It's not like he is taking the money that he is saving and doing anything other than benefitting himself.

    I am not for raising taxes. Owners want a certain margain after EBITA, not before. To get it, they'll cut somewhere else.

    Clinton cut defense spending. It worked out pretty well too. The right will have a problem with it though.

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    big john

  • big john said...

    Clinton cut defense spending. It worked out pretty well too. The right will have a problem with it though.

    They will point out that those cuts led to the terrorist attacks when it was really his poor judgement in how he responded to the 1st Trade Center, USS Cole, and the Rhwanda/Kenyan Embassy attacks. That was a mistake. Hindsight and all though.

    BetterOff

  • big john said...

    Clinton cut defense spending. It worked out pretty well too. The right will have a problem with it though.

    Would gladly go along with it if we could get Dem's to agree to putting govt employees on 401k instead of paying someone for 60 years for 30 years of work.

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    Sir Mix A Lot ●

  • big john said...

    What state do you live in? In most states it is not illegal to decline section 8 renters.
    Here in PA the state sends said rent directly to you. I had two rental properties before selling them off, I rented once to a person on section 8 & had no problem getting my monthly rent but then again the commonwealth sent it directly to me. But they did tear the place up pretty bad in two years, needless to say they did not get their security deposit.

    Wow! U are a slum lord. Not something to be proud of. U rent to pieces of chit & get mad at them for being pieces of chit.

    lestat

  • FL Buckeye said...

    Would gladly go along with it if we could get Dem's to agree to putting govt employees on 401k instead of paying someone for 60 years for 30 years of work.

    Not a bad idea either. Also think the size of Government is by far too large. There is a lot of room for cutting back. Too bad neither party has the ability to find the grey area.

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    big john

  • FL Buckeye said...

    Would gladly go along with it if we could get Dem's to agree to putting govt employees on 401k instead of paying someone for 60 years for 30 years of work.

    I definitely agree with that.

    BetterOff

  • lestat said...

    Wow! U are a slum lord. Not something to be proud of. U rent to pieces of chit & get mad at them for being pieces of chit.

    I did it once because I felt the people deserved a chance. They were good folks & I had no problems with them whatsoever in the two years they were there. But they did do some damage mostly their kids, for the record they were white.

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    big john

  • big john said...

    Not a bad idea either. Also think the size of Government is by far too large. There is a lot of room for cutting back. Too bad neither party has the ability to find the grey area.

    Definitely. Problem there though. How will we ever get them to agree to layoff some of themselves?

    BetterOff

  • BetterOff said...

    Definitely. Problem there though. How will we ever get them to agree to layoff some of themselves?

    Give us the people the power to do so. That's the way the men who founded this land wanted it. Too bad it'll never happen. We have already given Government way too much power.

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    big john

  • big john said...

    What state do you live in? In most states it is not illegal to decline section 8 renters. Here in PA the state sends said rent directly to you. I had two rental properties before selling them off, I rented once to a person on section 8 & had no problem getting my monthly rent but then again the commonwealth sent it directly to me. But they did tear the place up pretty bad in two years, needless to say they did not get their security deposit.

    Alabama...and she wasn't technically section 8. Kind of a fringe element I guess. Turns out, she didn't thing public housing or section 8 were good enough for her, and with her income, she almost qualified to buy the house. I got suckered (and the bank almost did). She didn't have a lot of credit either way, but the only judgement on record against her was something she could prove an ex husband caused. She had signed a promisory note to pay it off, and the bank told her that once that was done they'd loan her the money to buy this house. The bank talked to me about renting for 6 months first. She paid 1 months rent and quit. Her monthly income was over $4800. the rent was $850, and she got all kinds of free food and vouchers for her litter. Also found out later that she was parking in the back yard to prevent repo guys from finding her car. She freely told this to her neighbors. The funny part is she pulled the bumper off the car trying to tow it out of the septic tank. Only the back tires settled into it...would have been awesome if she'd gone all the way in. The sewage would have been offended by her presence.

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    TheT12 ●

  • BetterOff said...

    Business owners create 10 different LLCs so that none of them make X amount to lower their tax rate, but if the LLCs were under the umbrella of one company, he would owe more in taxes.

    This is not entirely true. At the end of the day, the members of an LLC owe taxes on all profits personally. 1 mil in profit is the same whether it's 1 llc or 50. My experience is that 50 is more expensive b/c all of the liscensing. The reason you do multiple llcs is because you have different partners for each one or because they need to be separate for legal or insurance reasons. There are some tax loopholes that can be used there, but they aren't very big.

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    TheT12 ●

  • El Guapo said...

    Says he wants to redistribute wealth. His words not mine.

    http://m.youtube.com/watch?v=ge3aGJfDSg4

    Also I'm not sure if it's mentioned here but the AAA credit rating Obama inherited has been dropped to AA-. It's the third time it's dropped under him.

    http://www.cnbc.com/id/49037337

    Ratings firm Egan-Jones cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country's credit quality.

    Wow thats some breaking news on that youtube clip.

    No one heard that video during the 2008 election.banghead

    I understand that you are stupid and just trolling, but Egan Jones is the Western Kentucky Football of rating agencies. Not exactly relevant.

    Besides ratings agency rated Securities based on loans given to people with no Income as AAA, so what the fcuk do they know?

    You probably aren't aware of this, but Obama doesn't run the Federal Reserve, so he has no ability to regulate the Feds policy of Quantitative Easing.

    Don't be stupid. Its way too easy.

    rms02d ●

  • TheT12 said...

    Alabama...and she wasn't technically section 8. Kind of a fringe element I guess. Turns out, she didn't thing public housing or section 8 were good enough for her, and with her income, she almost qualified to buy the house. I got suckered (and the bank almost did). She didn't have a lot of credit either way, but the only judgement on record against her was something she could prove an ex husband caused. She had signed a promisory note to pay it off, and the bank told her that once that was done they'd loan her the money to buy this house. The bank talked to me about renting for 6 months first. She paid 1 months rent and quit. Her monthly income was over $4800. the rent was $850, and she got all kinds of free food and vouchers for her litter. Also found out later that she was parking in the back yard to prevent repo guys from finding her car. She freely told this to her neighbors. The funny part is she pulled the bumper off the car trying to tow it out of the septic tank. Only the back tires settled into it...would have been awesome if she'd gone all the way in. The sewage would have been offended by her presence.

    That sucks. Sounds like they tore that place apart.

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    big john

  • Seeking4Truth said...

    I'm asking you because you seem to know the subject at hand quite well. Honestly, I don't have the time to trace the "facts", because I don't believe the "facts" are presented in a fair manner.

    Which is why I asked you for your opinion.

    He is correct

    From 1917 to 1981, the bottom 90% of wage earners in this country (blue) captured 69% of the total wage growth. The richest 10%, meanwhile, got 31% of the wage gains.
    Between 1981 and 2008, however, things changed. The richest 10% grabbed 96% of the income gains in those years, leaving only 4% for the bottom 90%.

    DEAR AMERICA: You Should Be Mad As Hell About This [CHARTS]

    This country just isn't America anymore.

    www.businessinsider.com
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    MichRedWingFan7 ●

  • BetterOff said...

    Of course not, but it could serve the same purpose as raising taxes without doing it. The only way to put a dent in the deficit is to cut spending. I'd start with defense spending myself.

    It's not taxing more. It's actually forcing people to pay the taxes they owe. Business owners create 10 different LLCs so that none of them make X amount to lower their tax rate, but if the LLCs were under the umbrella of one company, he would owe more in taxes. It's not like he is taking the money that he is saving and doing anything other than benefitting himself.

    I am not for raising taxes. Owners want a certain margin after EBITA, not before. To get it, they'll cut somewhere else.

    The focus of Obama and the Dems has been on taxing the wealthy as if it will do anything to the deficit. Entitlements and defense are all going to need cuts.

    MarylandDawg

  • FL Buckeye said...

    Would gladly go along with it if we could get Dem's to agree to putting govt employees on 401k instead of paying someone for 60 years for 30 years of work.

    I have no problem cutting defense. But we need to make the cuts like you said and cuts to entitlements as well. No one wants to be the guy that cuts entitlements on either side.

    MarylandDawg

  • bhiley77 said...

    On the contrary, I've seen you make some big strides in political threads here. You'll probably be a right-of-center independent by your late 20's. But yes, it is true more often then not that younger people tend to be "true believers" politically and we see a lot of that from you.

    It's funny, I remember a thread a while back where I asked your age and you seemed particularly displeased with the idea of someone using one's age against them. And yet here we are...

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    CMXI

  • CMXI said...

    It's funny, I remember a thread a while back where I asked your age and you seemed particularly displeased with the idea of someone using one's age against them. And yet here we are...

    All he is saying is that the real world is much different than the university world. All the book knowledge in the world won't help you if you can't find a way to use it in practical application.

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    SEC SEC SEC!!!

    USMCAG

  • USMCAG said...

    All he is saying is that the real world is much different than the university world. All the book knowledge in the world won't help you if you can't find a way to use it in practical application.

    ...which is still being incredibly dismissive of younger people, students in particular.

    Besides, entering the "real world" doesn't magically imbue a person with some sense of how to live their life. There are boatloads of current students more prepared and capable of living lives in the real world than so very many people who have existed in the real world for many years.

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    CMXI

  • CMXI said...

    It's funny, I remember a thread a while back where I asked your age and you seemed particularly displeased with the idea of someone using one's age against them. And yet here we are...

    The only difference is BLF thinks he is more knowledgeable than Milton Friedman, Peter Schiff, et cetera and the thought of leaning something after he graduates college seems implausible.

    If you are a finance major like BML is (I think), then I can assure you your understanding of the economy will change drastically once you graduate and work in this industry everyday.

    This post has been edited 2 times, most recently by Clemson on 9/19/2012 at 6:06 AM

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    Clemson

  • CMXI said...

    ...which is still being incredibly dismissive of younger people, students in particular.

    Besides, entering the "real world" doesn't magically imbue a person with some sense of how to live their life. There are boatloads of current students more prepared and capable of living lives in the real world than so very many people who have existed in the real world for many years.

    Seems like he simply said that if you do not actually put knowledge to use, it does you no good. Not sure how that is dismissive. Scan the help wanted ads for listings for Professional thinkologists if you think he is wrong.

    VTSmitty ●

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