The First Obama Term

Post by **TPRJones** » Sat May 09, 2009 10:42 am

I see. And I bet when Obama promises he'll cook dinner for Michelle, he means he'll pick up some take out on the way home.

Post by **GORDON** » Sat May 09, 2009 11:12 am

Two predictions:

1. The costs of things is going to go up dramatically in the next 18 months. Food, electricity, etc.

2. Bush (W) will be killed. Or found dead.

Post by **TheCatt** » Sat May 09, 2009 1:22 pm

Obama said at his third press conference last month that the housing plan his administration has launched has "already contributed to a spike in the number of homeowners who are refinancing their mortgages, which is the equivalent of another tax cut."

But tax analysts told FOXNews.com that lower mortgage rates actually reduces tax savings.

"While there could be overall savings by refinancing and lower monthly payments, there also could be reduced tax benefits as less interest is paid," said Gil Charney, an analyst for The Tax Institute at H&R Block.

"Also refinancing could extend the period before the mortgage is fully paid off, so this might not be desirable for someone who wants to be mortgage-free," he said.

This is one of the dumbest things I've read.

That's like saying "But analysts told Foxnews.com that earning more money actually increases tax liability." Well, mother fucking duh. But you have to look at the whole picture. If your interest payments are $100/month lower, your tax liability may be $33/month higher, but you're saving a net of $67/month.

That article is worthless.

Post by **GORDON** » Sat May 09, 2009 1:36 pm

I thought it was a dumb thing to say, too, but they had the Obama statement in quotes, so I assume he said it.

Post by **TheCatt** » Sat May 09, 2009 1:57 pm

I meant whoever wrote the article.

Obama's statement is basically true in that government action has led to lower mortgage rates, which will reduce the amount of money that people have to pay for housing.

He doesn't talk about the long term impacts of those government actions though.

Post by **GORDON** » Sat May 09, 2009 2:19 pm

Maybe the plunging stock market is like a tax cut too, since it makes stocks more affordable.

Post by **TheCatt** » Sat May 09, 2009 4:09 pm

It does provide for capital losses.

Post by **TPRJones** » Sat May 09, 2009 5:54 pm

By Obama's logic increasing Pell Grants are like tax cuts, too, because they help you get a college degree so you can earn more money.

Post by **GORDON** » Sat May 09, 2009 6:05 pm

Gas prices are going up so I can afford less gas and therefore I pay less gas tax = tax cut.

Post by **GORDON** » Sat May 09, 2009 7:30 pm

Vince wrote:
TPRJones wrote:Granted it's not a very bright thing to do without giving notice, but that looks like a whole lot of overreacting there to me.
I think it's easy to say they're over reacting from here. It was only over reacting because they weren't headed towards a building.

This time

I don't blame them.

One of the BSG FX guys has his own take.

http://darthmojo.wordpress.com/2009....re-1169

Post by **GORDON** » Tue May 12, 2009 5:40 pm

Again, "95% of Americans will not pay a dime in new taxes."

http://online.wsj.com/article/SB124208505896608647.html

Post by **TPRJones** » Tue May 12, 2009 5:59 pm

"Soda is clearly one of the most harmful products in the food supply, and it's something government should discourage the consumption of," Mr. Jacobson said.

Fuck you very much, Mr. Jacobson. The government has no place making judgements about the activities of the people under any circumstances. The only way in which any citizen's activities should EVER be judged in any way is by a jury of his/her peers.

Edited By TPRJones on 1242165566

Malcolm · Post by **Malcolm** » Tue May 12, 2009 7:17 pm

They're effectively putting a tax on sugar + carbonation? Wow. Life is damn near imitating "The Simpsons" ... again.

Mommy Dearest · Post by **Mommy Dearest** » Tue May 12, 2009 9:04 pm

TheCatt wrote:I meant whoever wrote the article.

Obama's statement is basically true in that government action has led to lower mortgage rates, which will reduce the amount of money that people have to pay for housing.

He doesn't talk about the long term impacts of those government actions though.

Would you come work for me. Oops I forgot, I don't think I can afford you. You are missing your calling honey.

Mommy

Post by **TheCatt** » Tue May 12, 2009 10:04 pm

I might be cheaper... unemployment only pays $490 a week.

Post by **GORDON** » Fri May 15, 2009 8:23 pm

Wow... something I actually agree with. First time for everything.

http://online.wsj.com/article/SB124225891527617397.html

Post by **TPRJones** » Fri May 15, 2009 8:40 pm

"We're not at war with people in this country."

Somebody hasn't been paying attention to the last 50 years.

Malcolm · Post by **Malcolm** » Fri May 15, 2009 9:41 pm

TPRJones wrote:
"We're not at war with people in this country."
Somebody hasn't been paying attention to the last 50 years.

Shit, I'd go sixty-five, easy.

Post by **GORDON** » Wed May 20, 2009 3:31 pm

http://online.wsj.com/article/SB124277482650736747.html

We wish these folks luck "working together" with the Obama auto-design team. One thing seems certain by 2016: Taxpayers will be paying Detroit to make the cars Americans don't want, and then they will pay again either through (trust us) a gas tax or with a purchase subsidy. Even the French must think we're nuts.

Post by **GORDON** » Wed May 20, 2009 4:13 pm

Apparently, no one making under $250k drinks beer.

http://www.google.com/hostedn....8A3TBG0