Posts Made By: Thomas Steinberg

...Boy, is that the Chattanooga Choo-Choo?

Can he pardon himself?

Deadbeat! You're already collecting social security that you haven't paid in! Get back to work.

WHAT??? He's not insisting that we all get behind our Commander in Chief?

Jim Babcock said:

While that is true, the Democrats have been using ethics as a weapon against Bush for years. Now that they are in complete control of all levels of government, we should not let them off the hook so easily. The Democrats cannot use as a defense that they are OK because the other guy was worse.

I say, it's OK for the Dems to do whatever they want, until the Bush/Pubs are made to pay for their crimes. When you support filing criminal charges against Cheney for outting Valerie Plame, then come back and talk to us.

Jim Babcock said:

I see. The stock market collapsed because of manipulation? The housing market crash, the auto industry crash, and the price of oil had nothing to do with it? Everyone is selling their stock because they have confidence in Obama and his policies? Every time someone in his Administration speaks the market tanks even further. How can you blame that on Bush, those on Wall Street or anyone other than Obama and his multi-trillion spending policies? I would love to hear someone try to explain that.

The fact that those on Wall Street are fed up with Obama and his policies and are talking about a Chicago Tea Party to rebel says quite a bit. These same people were the ones who during the Clinton years in the 90's were well respected when they pushed the markets to astronomical levels and then when the market crash, the left blamed the crash on Bush. Now that the market is not happy with Obama, you do not blame the President and his Administration, instead you are blaming those on Wall Street?

Unless you have answers to some of the basic questions, please spare us more personal attacks and name calling.

Personal attacks? Name calling? Come on Jim. I criticized Wall Street. Where's the "personal attack". Get real.

As to the specifics, yes Wall Street manipulators are their own worst enemies. Madoff is just the latest and most visible. There are literally hundreds of traders who work only for themselves, not for their clients. You certainly know that...everyone else does.

And so what if these guys don't agree with new policies? It was the old policies that allowed collapse of the system. And obviously, these guys weren't Obama's supporters in the first place. I can't see how their opinions are even relevant. they are worried about only themselves.

And manipulations? Yes, they've destroyed the system. REIT's which gobbled up the balloon mortgages, banks getting involved in the stock market, rather than conservative investment vehicles, and the constant pressure to lower tax rates on investment income have all put the market into shakey territory. I often wonder why the market transformed from an area where investors bought equities based upon a company's liklihood of declaring a dividend, to investment based upon the liklihood that a stock price would rise from quarter to quarter and yield a quick windfall. What ever happened to "hard work" in the ethics of those making such investments? IMO, these guys are merely the flip side of the coin from welfare recipients. They milk the system, with government help (in the form of low captial gains tax rates).

Oh, I missed that thread. Hope you get better soon. Just yanking your chain, anyway.

Andreas Saldivar said:

We all new Obama was going to stick it to the so called rich but I doubt anyone knew it would be this hard. Individuals making more than 200K and couples making more than 250K will see the Federal tax rate increased to as much as 39.6%. Everyone knew that going into the election. I doubt, however, that anyone knew he was also going to take away their deductions.

"Couples making more than $250,000 would face new limits on the amount of deductions they could take on their taxable income, including deductions for mortgage interest, charitable donations and state and local taxes."

How is that fair?

Here's my advice to a couple who's combined income exceeds 250K: quit one job or get divorced and live together.

Here some more BS. "Some $526 billion in revenue from carbon pollution permits ..."

IMO Obama will take this country from recession to depression. Those of you who voted for him won't be able to blame it on Bush much longer, although I know you will. After this budget is passed it will be all on Obama.

Andreas

The full stories can be read here.

http://www.cnbc.com/id/29417317/for/cnbc/
http://abcnews.go.com/Politics/wireStory?id=6964754

Let's see. 39.6% - 35% = 4.5% increase. Crushing. :S

She's a real life Forrest Gump!

I find it somewhat disingenuous that "conservatives" talk about not passing our debt down to the next generation, but balk at paying for it. We incurred the debt, why shouldn't we pay the taxes to fix it?