How low can she go? No lower with frozen market.

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Very, very contradicting to me. Obama changing a lot of what he said lately and it gets worse. He wants us to vote early and take off from work Nov. 4th to help him win. Fox news also reports Obama and his campaign lays out plans to kill expectations after win because of concerns that many supporters are now harboring unrealistic hopes of what can be achieved. What the heck? Now he says, "it will be hard to achieve goals and will take time." He says one thing and then says another. I want to know where these unauthorized credit cards came from for his campaign. I want to see his birth certificate that he cannot cough up and there is a petition out and he is under investigation if he was truly born in the good ole USA. Call your State Department and they will tell you there is an investigation and they trying to get this resolved before Nov. 4th. So much uncertainty. Hope I do not offend anyone, but just like a bumper sticker I read

I'll keep my God, my freedom, my guns, and my money, you can keep THE CHANGE. VOTE FOR MCCAIN/PALIN.

Even he see the unfairness here. Some conservatives are fond of saying that Democrats want to tax the wealthy unfairly, but what I would like to see is the wealthy taxed equally. "Mr. Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent." Here is the entire article. It's a great read. Trust me.

Tom Bawden in New York

Warren Buffett, the third-richest man in the world, has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner.

Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (�26 billion), said: �The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you�re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.�

Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation.

The comments are among the most signficant yet in a debate raging on both sides of the Atlantic about growing income inequality and how the super-wealthy are taxed.

They echo those made this month by Nicholas Ferguson, one of the leading figures in Britain�s private equity industry, when he criticised tax rates that left its multimillionaire venture capitalists �paying less tax than a cleaning lady�.

Last week senior members of the US Senate proposed to increase the rate of tax that private equity and hedge fund staff pay on their share of the profits, known as carried interest, from the 15 per cent capital gains rate to about 35 per cent.

Lloyd Blankfein, the chief executive of Goldman Sachs, acknowledged in an interview yesterday that there were justified concerns about the huge profits generated by private equity firms and that he worried that income inequality was �poisoning democracy�. He also said that he would be voting for the Democrat candidate at the next election. Mr Blankfein is the highest-paid executive on Wall Street, earning $54 million last year.

Mr Buffett, who runs the investment group Berkshire Hathaway and is widely regarded as the world�s most successful investor, said that he was a Democrat because Republicans are more likely to think: �I�m making $80 million a year � God must have intended me to have a lower tax rate.�

Mr Buffett said that a Republican proposal to eliminate elements of inheritance tax, which raises about $30 billion a year from the assets of about 12,000 rich families, would broaden the disparity between rich and poor. He added that the Republicans would seek to recover lost revenue by increasing taxes for the less prosperous.

He said: �You could take that $30 billion and give $1,000 to 30 million poor families. Or should you favour the 12,000 estates and make 30 million families pay an extra $1,000?�

out of control when the race was within a few points, which only helps the dems out. The market can easily be manipulated by anyone with money (the Warren Buffets and George Soros' of the world) not to mention other countries.

My take on the whole election though is white guilt is going to push O into office. This is an historic election, people get caught up in the frenzy and emotion of it all, want to be a part of history in some small way, and voting for O seems not only politically correct (did you know you're a racist if you don't vote for him?) but eases a little of the white guilt some people have (another touchy-feely, PC thing to have). A man who has not had to answer tough questions, has little to no experience, has associations with radical tendencies, flip flops on most issues and is willing to wave the white flag is most likely going to be our next president. My only questoin is, what are Chris Matthews, Keith Olbermann and all the other lefties going to talk about for the next 4 years? I have a feeling the real truth about O is going to come out in the coming years.

Barney Fife writing proposal now to bail out the automakers with $25B stipulating GOVERNMENT OWNERSHIP.

The government is backing away from buying troubled mortgages and now are going to put it in an investment program taking capital. The facts changed. His approach is to give banks enough cash to keep homes on the books and keep cash in the banks.

They will not bail out those people who shouldn't have taken out the loans in the first place.

I just think it's because the stocks were so low yesterday that it was a buyer's market.

everything is hunky-dorrey. Let's not get over enthusiastic here. The market has been down more than up lately. I would rather wait 6 months to see what's happening before I touch that subject.

As for O laughing in the 60 minutes interview, it doesn't bother me that much. It could be a way for him letting off steam. I, myself, when stressed out (as in federal jury duty), was so relieved the trial was over, I burst out laughing after we left the courtroom. This could be his way of relieving stress.

There's just too much going on in this government that turns me off especially with the bailouts and the so-called stimulus package, and I'm not too happy right now. I don't like the thought that every taxpayer, including my grandchildren or great-childen should I have any, are in debt to the government to the tune of ???, (all different figures thrown around on that).

As for posting, I only post when I have something to say. The news is the same old, same old, nothing interesting or new, so why post garbage like some on this board do. Right now, nothing on the news is piquing my interest.

One question I have.....how can O NOT accept the resignation of someone in his cabinet? That one has me stumped. Anyone has the right to resign from a job. Since when can you not quit a job? You want to answer that one?

Wall Street,. Nancy Pelosi, Barney Fife, and the others are making it worse with all their stupid ideas.

They WANT this to happen and give more stimulus checks to people so the people will think they are the greatest since apple pie.

I don't see any of them trying to figure out what to do that will help us except throw money away to the groups that are keeping the money to pay their bonuses and take trips.

Part of an interesting article on housing market upswing - inflation slowing down. Good news if it stays the course!

US housing starts rose sharply in February, providing some good news for the struggling housing industry. (Photo: AP)

Washington - New U.S. housing starts and permits unexpectedly rebounded in February, according to data on Tuesday that provided a rare dose of good news for the recession-hit economy and fractured housing market.

The Commerce Department said housing starts jumped 22.2 percent to a seasonally adjusted annual rate of 583,000 units from 477,000 units in January. That was the biggest percentage rise since January 1990 and also marked the first increase since last April.

"That is an encouraging sign for the U.S. economy. It is good signal of what is to come. With the rally in equities we hopefully have seen a bottom for the economy here," said Matt Esteve, foreign exchange trader at Tempus Consulting in Washington.

U.S. stocks have been on the rise over the last several days and the major indexes opened flat on Tuesday. U.S. government bond prices trimmed gains after the data and the U.S. dollar fell against the euro as risk aversion eased.

How low can she go? No lower with frozen market.

Buffett blasts system that lets him pay less tax than secretary