Home › Forums › Financial Markets/Economics › Obama moving back to economic center?
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June 11, 2008 at 11:05 AM #221410June 11, 2008 at 11:13 AM #221439AecetiaParticipant
Obama has the opportunity to be a Kennedy or a Carter. Unfortunately, he appears to be the latter. Kennedy lowered taxes and stimulated the economy. Carter brought us the misery index. Obama means well. Those Presidents in the past also meant well, but their failed projects: the war on poverty and public housing used state power for altruistic purposes and they had disastrous consequences. The war on poverty damaged two plus generations. Public housing created state owned slums.
“Senator Obama says that I’m running for a Bush’s third term,” McCain said, picking up the central Democratic line of attack. “Seems to me he’s running for Jimmy Carter’s second.” http://www.politico.com/blogs/jonathanmartin/0608/Playing_the_Carter_card.html
I am no fan of McCain. I wanted Romney. I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.
June 11, 2008 at 11:13 AM #221372AecetiaParticipantObama has the opportunity to be a Kennedy or a Carter. Unfortunately, he appears to be the latter. Kennedy lowered taxes and stimulated the economy. Carter brought us the misery index. Obama means well. Those Presidents in the past also meant well, but their failed projects: the war on poverty and public housing used state power for altruistic purposes and they had disastrous consequences. The war on poverty damaged two plus generations. Public housing created state owned slums.
“Senator Obama says that I’m running for a Bush’s third term,” McCain said, picking up the central Democratic line of attack. “Seems to me he’s running for Jimmy Carter’s second.” http://www.politico.com/blogs/jonathanmartin/0608/Playing_the_Carter_card.html
I am no fan of McCain. I wanted Romney. I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.
June 11, 2008 at 11:13 AM #221275AecetiaParticipantObama has the opportunity to be a Kennedy or a Carter. Unfortunately, he appears to be the latter. Kennedy lowered taxes and stimulated the economy. Carter brought us the misery index. Obama means well. Those Presidents in the past also meant well, but their failed projects: the war on poverty and public housing used state power for altruistic purposes and they had disastrous consequences. The war on poverty damaged two plus generations. Public housing created state owned slums.
“Senator Obama says that I’m running for a Bush’s third term,” McCain said, picking up the central Democratic line of attack. “Seems to me he’s running for Jimmy Carter’s second.” http://www.politico.com/blogs/jonathanmartin/0608/Playing_the_Carter_card.html
I am no fan of McCain. I wanted Romney. I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.
June 11, 2008 at 11:13 AM #221390AecetiaParticipantObama has the opportunity to be a Kennedy or a Carter. Unfortunately, he appears to be the latter. Kennedy lowered taxes and stimulated the economy. Carter brought us the misery index. Obama means well. Those Presidents in the past also meant well, but their failed projects: the war on poverty and public housing used state power for altruistic purposes and they had disastrous consequences. The war on poverty damaged two plus generations. Public housing created state owned slums.
“Senator Obama says that I’m running for a Bush’s third term,” McCain said, picking up the central Democratic line of attack. “Seems to me he’s running for Jimmy Carter’s second.” http://www.politico.com/blogs/jonathanmartin/0608/Playing_the_Carter_card.html
I am no fan of McCain. I wanted Romney. I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.
June 11, 2008 at 11:13 AM #221418AecetiaParticipantObama has the opportunity to be a Kennedy or a Carter. Unfortunately, he appears to be the latter. Kennedy lowered taxes and stimulated the economy. Carter brought us the misery index. Obama means well. Those Presidents in the past also meant well, but their failed projects: the war on poverty and public housing used state power for altruistic purposes and they had disastrous consequences. The war on poverty damaged two plus generations. Public housing created state owned slums.
“Senator Obama says that I’m running for a Bush’s third term,” McCain said, picking up the central Democratic line of attack. “Seems to me he’s running for Jimmy Carter’s second.” http://www.politico.com/blogs/jonathanmartin/0608/Playing_the_Carter_card.html
I am no fan of McCain. I wanted Romney. I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.
June 11, 2008 at 11:35 AM #221428blahblahblahParticipantCNN have this article up today. If you look at the table on the right hand side, if they both get their way with taxes, McCain will help the middle class the most.
Income Avg. tax bill Avg. tax bill
Over $2.9M -$269,364 +$701,885
$603K and up -$45,361 +$115,974
$227K-$603K -$7,871 +$12
$161K-$227K -$4,380 -$2,789
$112K-$161K -$2,614 -$2,204
$66K-$112K -$1,009 -$1,290
$38K-$66K -$319 -$1,042
$19K-$38K -$113 -$892
Under $19K -$19 -$567
That is an interesting article, since it shows that under either plan, the vast majority of us will be paying lower taxes than we are now. But they certainly go down more under McCain. Check out the giveaway to the $2.9M+ crowd — a $270K/year reduction! Wowsers, if I was pulling down that kind of green I would definitely pull the lever for McCain. Since I’m not I guess I’ll vote for the other guy.
What’s really hilarious is that McCain is lowering taxes for everybody but yet he’s gonna keep us in Iraq for the next 100 years and he might even “bomb bomb Iran” if he feels frisky. I guess the Chinese and Saudis will just have to keep financing our deficits, since they’re gonna grow a whole hell of a lot bigger with tax cuts like those. You know he’s not gonna be able to do a damn thing about spending although he might be able to keep it in check with vetoes.
If Obama does get that tax plan through AND he cuts spending, we might be on the right track. Of course the cutting spending thing is probably asking too much for what is likely to a be an executive and legislature dominated by one party.
We’re all screwed.
June 11, 2008 at 11:35 AM #221449blahblahblahParticipantCNN have this article up today. If you look at the table on the right hand side, if they both get their way with taxes, McCain will help the middle class the most.
Income Avg. tax bill Avg. tax bill
Over $2.9M -$269,364 +$701,885
$603K and up -$45,361 +$115,974
$227K-$603K -$7,871 +$12
$161K-$227K -$4,380 -$2,789
$112K-$161K -$2,614 -$2,204
$66K-$112K -$1,009 -$1,290
$38K-$66K -$319 -$1,042
$19K-$38K -$113 -$892
Under $19K -$19 -$567
That is an interesting article, since it shows that under either plan, the vast majority of us will be paying lower taxes than we are now. But they certainly go down more under McCain. Check out the giveaway to the $2.9M+ crowd — a $270K/year reduction! Wowsers, if I was pulling down that kind of green I would definitely pull the lever for McCain. Since I’m not I guess I’ll vote for the other guy.
What’s really hilarious is that McCain is lowering taxes for everybody but yet he’s gonna keep us in Iraq for the next 100 years and he might even “bomb bomb Iran” if he feels frisky. I guess the Chinese and Saudis will just have to keep financing our deficits, since they’re gonna grow a whole hell of a lot bigger with tax cuts like those. You know he’s not gonna be able to do a damn thing about spending although he might be able to keep it in check with vetoes.
If Obama does get that tax plan through AND he cuts spending, we might be on the right track. Of course the cutting spending thing is probably asking too much for what is likely to a be an executive and legislature dominated by one party.
We’re all screwed.
June 11, 2008 at 11:35 AM #221285blahblahblahParticipantCNN have this article up today. If you look at the table on the right hand side, if they both get their way with taxes, McCain will help the middle class the most.
Income Avg. tax bill Avg. tax bill
Over $2.9M -$269,364 +$701,885
$603K and up -$45,361 +$115,974
$227K-$603K -$7,871 +$12
$161K-$227K -$4,380 -$2,789
$112K-$161K -$2,614 -$2,204
$66K-$112K -$1,009 -$1,290
$38K-$66K -$319 -$1,042
$19K-$38K -$113 -$892
Under $19K -$19 -$567
That is an interesting article, since it shows that under either plan, the vast majority of us will be paying lower taxes than we are now. But they certainly go down more under McCain. Check out the giveaway to the $2.9M+ crowd — a $270K/year reduction! Wowsers, if I was pulling down that kind of green I would definitely pull the lever for McCain. Since I’m not I guess I’ll vote for the other guy.
What’s really hilarious is that McCain is lowering taxes for everybody but yet he’s gonna keep us in Iraq for the next 100 years and he might even “bomb bomb Iran” if he feels frisky. I guess the Chinese and Saudis will just have to keep financing our deficits, since they’re gonna grow a whole hell of a lot bigger with tax cuts like those. You know he’s not gonna be able to do a damn thing about spending although he might be able to keep it in check with vetoes.
If Obama does get that tax plan through AND he cuts spending, we might be on the right track. Of course the cutting spending thing is probably asking too much for what is likely to a be an executive and legislature dominated by one party.
We’re all screwed.
June 11, 2008 at 11:35 AM #221382blahblahblahParticipantCNN have this article up today. If you look at the table on the right hand side, if they both get their way with taxes, McCain will help the middle class the most.
Income Avg. tax bill Avg. tax bill
Over $2.9M -$269,364 +$701,885
$603K and up -$45,361 +$115,974
$227K-$603K -$7,871 +$12
$161K-$227K -$4,380 -$2,789
$112K-$161K -$2,614 -$2,204
$66K-$112K -$1,009 -$1,290
$38K-$66K -$319 -$1,042
$19K-$38K -$113 -$892
Under $19K -$19 -$567
That is an interesting article, since it shows that under either plan, the vast majority of us will be paying lower taxes than we are now. But they certainly go down more under McCain. Check out the giveaway to the $2.9M+ crowd — a $270K/year reduction! Wowsers, if I was pulling down that kind of green I would definitely pull the lever for McCain. Since I’m not I guess I’ll vote for the other guy.
What’s really hilarious is that McCain is lowering taxes for everybody but yet he’s gonna keep us in Iraq for the next 100 years and he might even “bomb bomb Iran” if he feels frisky. I guess the Chinese and Saudis will just have to keep financing our deficits, since they’re gonna grow a whole hell of a lot bigger with tax cuts like those. You know he’s not gonna be able to do a damn thing about spending although he might be able to keep it in check with vetoes.
If Obama does get that tax plan through AND he cuts spending, we might be on the right track. Of course the cutting spending thing is probably asking too much for what is likely to a be an executive and legislature dominated by one party.
We’re all screwed.
June 11, 2008 at 11:35 AM #221397blahblahblahParticipantCNN have this article up today. If you look at the table on the right hand side, if they both get their way with taxes, McCain will help the middle class the most.
Income Avg. tax bill Avg. tax bill
Over $2.9M -$269,364 +$701,885
$603K and up -$45,361 +$115,974
$227K-$603K -$7,871 +$12
$161K-$227K -$4,380 -$2,789
$112K-$161K -$2,614 -$2,204
$66K-$112K -$1,009 -$1,290
$38K-$66K -$319 -$1,042
$19K-$38K -$113 -$892
Under $19K -$19 -$567
That is an interesting article, since it shows that under either plan, the vast majority of us will be paying lower taxes than we are now. But they certainly go down more under McCain. Check out the giveaway to the $2.9M+ crowd — a $270K/year reduction! Wowsers, if I was pulling down that kind of green I would definitely pull the lever for McCain. Since I’m not I guess I’ll vote for the other guy.
What’s really hilarious is that McCain is lowering taxes for everybody but yet he’s gonna keep us in Iraq for the next 100 years and he might even “bomb bomb Iran” if he feels frisky. I guess the Chinese and Saudis will just have to keep financing our deficits, since they’re gonna grow a whole hell of a lot bigger with tax cuts like those. You know he’s not gonna be able to do a damn thing about spending although he might be able to keep it in check with vetoes.
If Obama does get that tax plan through AND he cuts spending, we might be on the right track. Of course the cutting spending thing is probably asking too much for what is likely to a be an executive and legislature dominated by one party.
We’re all screwed.
June 11, 2008 at 1:31 PM #221346LA_RenterParticipant“I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.”Those are my sentiments. Regarding the misery index Big Picture had an interesting take on the Current misery index, here are the links
http://bigpicture.typepad.com/comments/2008/06/misery-index-ap.html#comments
http://bigpicture.typepad.com/comments/2008/06/enhanced-mise-1.html#comments
In reality The Bush administration is holding its own with Carter in the misery category. (Does anybody hear Larry Kudlow screaming)
Obama is a classic liberal and he doesn’t seem to try to hide from it unlike previous Democratic politicians. At least he is straight forward. I don’t get that he is an idealogue which is my biggest beef with the last batch of Republicans. If he were to become president he has no choice but to govern from the center given that this is still a slightly right of center nation. After having very recently tasted what it is like being put into the wilderness the Democrats will be very cautious with their agendas. Many of them remember Carter too. One wrong step and Republicans will easily take the House in 2010.
June 11, 2008 at 1:31 PM #221450LA_RenterParticipant“I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.”Those are my sentiments. Regarding the misery index Big Picture had an interesting take on the Current misery index, here are the links
http://bigpicture.typepad.com/comments/2008/06/misery-index-ap.html#comments
http://bigpicture.typepad.com/comments/2008/06/enhanced-mise-1.html#comments
In reality The Bush administration is holding its own with Carter in the misery category. (Does anybody hear Larry Kudlow screaming)
Obama is a classic liberal and he doesn’t seem to try to hide from it unlike previous Democratic politicians. At least he is straight forward. I don’t get that he is an idealogue which is my biggest beef with the last batch of Republicans. If he were to become president he has no choice but to govern from the center given that this is still a slightly right of center nation. After having very recently tasted what it is like being put into the wilderness the Democrats will be very cautious with their agendas. Many of them remember Carter too. One wrong step and Republicans will easily take the House in 2010.
June 11, 2008 at 1:31 PM #221513LA_RenterParticipant“I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.”Those are my sentiments. Regarding the misery index Big Picture had an interesting take on the Current misery index, here are the links
http://bigpicture.typepad.com/comments/2008/06/misery-index-ap.html#comments
http://bigpicture.typepad.com/comments/2008/06/enhanced-mise-1.html#comments
In reality The Bush administration is holding its own with Carter in the misery category. (Does anybody hear Larry Kudlow screaming)
Obama is a classic liberal and he doesn’t seem to try to hide from it unlike previous Democratic politicians. At least he is straight forward. I don’t get that he is an idealogue which is my biggest beef with the last batch of Republicans. If he were to become president he has no choice but to govern from the center given that this is still a slightly right of center nation. After having very recently tasted what it is like being put into the wilderness the Democrats will be very cautious with their agendas. Many of them remember Carter too. One wrong step and Republicans will easily take the House in 2010.
June 11, 2008 at 1:31 PM #221462LA_RenterParticipant“I have to look at the fiscal bottom line for my family. I resent paying higher taxes for government programs that I do not support.
Obama needs to figure this out or suffer the consequences.”Those are my sentiments. Regarding the misery index Big Picture had an interesting take on the Current misery index, here are the links
http://bigpicture.typepad.com/comments/2008/06/misery-index-ap.html#comments
http://bigpicture.typepad.com/comments/2008/06/enhanced-mise-1.html#comments
In reality The Bush administration is holding its own with Carter in the misery category. (Does anybody hear Larry Kudlow screaming)
Obama is a classic liberal and he doesn’t seem to try to hide from it unlike previous Democratic politicians. At least he is straight forward. I don’t get that he is an idealogue which is my biggest beef with the last batch of Republicans. If he were to become president he has no choice but to govern from the center given that this is still a slightly right of center nation. After having very recently tasted what it is like being put into the wilderness the Democrats will be very cautious with their agendas. Many of them remember Carter too. One wrong step and Republicans will easily take the House in 2010.
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