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To kick off our show tonight, Mr. Obama will give 95% of American working families a tax cut, even though 40% of Americans today don’t pay income taxes! How can our star enact such mathemagic?

To start with, let’s examine the word magic in this article. Obama’s plan cuts taxes for 95% of working families. Let’s assume that her claim that 40% of Americans don’t pay any income tax is true. According to census data compiled by the US Census Bureau, only 60.1% of the US population is between the ages of 20-64 (the prime working years, where most people are in families). An additional 27.4% are 0-19 years of age (a few of these will pay a small amount of taxes starting at the age of 16), and 12.6% are over 65 (and again, some number of those pay tax but many retirees do not earn enough to). So it’s not surprising that 40% of Americans don’t pay income tax when we learn how many of them are children and retired or elderly people.

Bottom line, the author of this propaganda piece is not comparing apples to apples. Either she is too thick to understand that “working families” and “Americans” are two different things or she thinks her audience is too thick to catch onto her insincere little word games.

[blahblahblah]

To kick off our show tonight, Mr. Obama will give 95% of American working families a tax cut, even though 40% of Americans today don’t pay income taxes! How can our star enact such mathemagic?

To start with, let’s examine the word magic in this article. Obama’s plan cuts taxes for 95% of working families. Let’s assume that her claim that 40% of Americans don’t pay any income tax is true. According to census data compiled by the US Census Bureau, only 60.1% of the US population is between the ages of 20-64 (the prime working years, where most people are in families). An additional 27.4% are 0-19 years of age (a few of these will pay a small amount of taxes starting at the age of 16), and 12.6% are over 65 (and again, some number of those pay tax but many retirees do not earn enough to). So it’s not surprising that 40% of Americans don’t pay income tax when we learn how many of them are children and retired or elderly people.

Bottom line, the author of this propaganda piece is not comparing apples to apples. Either she is too thick to understand that “working families” and “Americans” are two different things or she thinks her audience is too thick to catch onto her insincere little word games.

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Here’s another version of the story that has a little more info.

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Here’s another version of the story that has a little more info.

[blahblahblah]

Here’s another version of the story that has a little more info.

[blahblahblah]

Here’s another version of the story that has a little more info.

[blahblahblah]

Here’s another version of the story that has a little more info.

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No matter how tragic they try to make these stories sound, I still can’t bring myself to be empathetic. When these people were buying these homes, the smallest amount of research on their part would have made them think twice.

People have always tried to borrow more money than they can afford to. It is the BANKER’S JOB TO SAY NO. What happened here is that bankers stopped saying no and instead pawned the loans off on the next sucker down the line.

You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.

[blahblahblah]

No matter how tragic they try to make these stories sound, I still can’t bring myself to be empathetic. When these people were buying these homes, the smallest amount of research on their part would have made them think twice.

People have always tried to borrow more money than they can afford to. It is the BANKER’S JOB TO SAY NO. What happened here is that bankers stopped saying no and instead pawned the loans off on the next sucker down the line.

You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.

[blahblahblah]

No matter how tragic they try to make these stories sound, I still can’t bring myself to be empathetic. When these people were buying these homes, the smallest amount of research on their part would have made them think twice.

People have always tried to borrow more money than they can afford to. It is the BANKER’S JOB TO SAY NO. What happened here is that bankers stopped saying no and instead pawned the loans off on the next sucker down the line.

You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.

[blahblahblah]

No matter how tragic they try to make these stories sound, I still can’t bring myself to be empathetic. When these people were buying these homes, the smallest amount of research on their part would have made them think twice.

People have always tried to borrow more money than they can afford to. It is the BANKER’S JOB TO SAY NO. What happened here is that bankers stopped saying no and instead pawned the loans off on the next sucker down the line.

You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.

[blahblahblah]

No matter how tragic they try to make these stories sound, I still can’t bring myself to be empathetic. When these people were buying these homes, the smallest amount of research on their part would have made them think twice.

People have always tried to borrow more money than they can afford to. It is the BANKER’S JOB TO SAY NO. What happened here is that bankers stopped saying no and instead pawned the loans off on the next sucker down the line.

You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.

[blahblahblah]

Those look like very nice places, with a great location and great views. They will probably be able to find buyers if they price them around $1M.

For me a “fair” pricing on these would be around $400/sf, so about 720K. But that’s not going to happen for a while, maybe a few more years. Or it might not happen at all.

[blahblahblah]

Those look like very nice places, with a great location and great views. They will probably be able to find buyers if they price them around $1M.

For me a “fair” pricing on these would be around $400/sf, so about 720K. But that’s not going to happen for a while, maybe a few more years. Or it might not happen at all.

[blahblahblah]

Those look like very nice places, with a great location and great views. They will probably be able to find buyers if they price them around $1M.

For me a “fair” pricing on these would be around $400/sf, so about 720K. But that’s not going to happen for a while, maybe a few more years. Or it might not happen at all.

[Author]

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