Oh, and BTW, $250K is not wealthy businesses
Posted By: Backwards typist on 2008-10-25
In Reply to: What dribble and so uninformed, he isn't taking money from small businesses, geez. - I have checked the facts
They're middle of the road, just making it businesses. They don't employ 3000 people like big business and they will be hurt the most. Big business will pass the tax increase onto the taxpayers. They'll be able to find loopholes with their 30+ laywers (exageration) who are paid to do that.
Wake up and take the blinders off!
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That wealthy, huh?
x
I know a wealthy Democrat
@
Like the 2002 Bush $1.3 trillion tax cut for the wealthy
decimated the $128 billion FY 2001 surplus, shifted the tax burden to the middle class while he went on a deficit spending spree and brought their ever diminishing numbers to their knees by September 2008? You want me to vote for the guy who backed up these policies 90% of the time, the same guy who has yet to utter the words "middle class" in a public forum during this entire campaign? Thanks, but no thanks. I'll take my chances on the change train.
Uhh, no! Stealing from wealthy to give to people
nm
Yes, let's continue with tax cuts to the wealthy, that has worked so well.....NOT!
Or better yet, let's sit on our hands and do nothing - let the market take care of it! I wish you were in charge of making decisions for this country - I'd feel sooooo much safer!! KAAACKKKK!
SInce when has a Democrat made a poor person wealthy??
Obama voted against giving tax breaks to the middle class, and now all of a sudden he is going to give breaks to those of us he denied so many times before?? Sorry, I don't buy anything this guy says -- and I've always voted Democrat! No Democrat has ever made me better off. It's always just empty promises.
the $250K
it's the business making $250K, not the man. Big difference.
MTs make under $250K
Just because plumbing seems like a crappy job, let's face it, I see those guys driving Jaguars where I live. They are expensive and make a lot. MTs work very hard for very little. Wise up people. Obama is our hope. All the BS about him being with terrorists is dangerous propaganda. That board who had Ayers and Obama on was a big Reagan supporter and actually the Anenbergs are McCain supporters so it's all crapola. Obama is a wonderful man and a smart man. McCain stutters and whistles through his teeth, clears his throat loudly. I thought he was rude in the debate. The losers usually feel desperate and he shows it.
He later corrected to $250K
He knows the middle class. I'm sure you make under $250K so why are you splitting hairs?
He never said that he made over $250K
He said that he wanted to buy a business that he thought made over $250K. I thought that it was okay to have dreams. How do you know what his intentions are? Even if he were a plant--which I think is silly--he is a citizen and ultimately has a right to propose a hypothetical question to someone asking for his vote to be the leader of our country. If he is attacked in this manner, should we not all fear what will happen if we say anything bad about Obama or ask a question that makes him look bad once he is--if he is--elected?
they changed that $250K...
Now they're saying more like $200K and going lower. And let's just face it. 20 bucks or $200K, everybody is gonna pay more taxes.
I understand the payroll tax on only over $250K....sm
I understand I won't pay more payroll tax and income tax at our low income, but it's the property taxes, fuel taxes, sales taxes, and capital gains taxes that are going to go up too, and being landowners and ranchers raising livestock, those taxes affect us big time and just add to the cost of our business, which already is hard to make a profit on.
I know it's hard for people whose income is from a job where you go to work and bring home a paycheck and taxes are simple to understand. But running a business isn't just about how much comes out of your paycheck for payroll tax and what you pay for income tax once a year. These corporate taxes he's talking about are going to affect so many small businesses because most of them make between $500,000-$1,000,000 a year, and increasing their tax rates is going to kill them. It's going to cause them to lay off employees, raise their prices, or simply close their doors.
I have several family members with mom-and-pop business in small towns from a beauty salon to a restaurant and a small computer fix-it business and they will really be hurt by this. They can't raise their prices because people in their small town can't afford to pay higher prices.
There are a lot of big farmers in our area who easily make over $250,000 a year, but what people don't realize is that probably 90-95% of what they sell their crops for has to go into planting and harvesting those crops and they have little to actually live on to pay their heating and food bills, etc., when it's all said and done, so where are they going to come up with the extra tax money?
By sticking it to the big corporate business, there's going to be a lot of collateral damage in the wake and those are going to be the small to mid-sized business of our friends and family. They need to raise the amount to 1-2 million or something because this is going to kill small town main street. JMHO
If you make less than $250K you get tax break nm
nomopopo
Sorry Sam, but the Bush cuts were only for those over $250K nm
not us peons
It was $250K including a business....
and $250K for a business is nothing. and since when is rich a bad word. Only when someone is jealous.
Not unless I am making over 250K and that's not happening. nm
.
I never said I made $250K a year... where did you get that from my post?...sm
Actually, I work one full-time MT job and a part-time general transcription off and on. I make less than $38,000 a year. My husband is self-employed (we own a ranch) and everything we make from the sale of our livestock and grains has to go back into the operation of the ranch for property taxes, insurance, feed, equipment, repairs, so at best, we break even, and even that doesn't happen often. So we basically live on what I make as an MT, which is less than $38,000 a year.
Yes, it can be done. We do not apply for, nor take any of the government subsidies. We've worked hard and scrimped and saved, and have also sold aluminum cans to help with extra cash coming in, etc. I've always shopped thrift shops for clothes for us and the kids, I've never bought new furniture, have no china or crystal, and the only jewelry I've ever owned was my wedding ring, so couldn't fall back on having the option of selling things such as these to help out.
We've actually been rather comfortable with this and have always felt like we weren't missing out on anything by living a very simple and quiet life. But now I'm afraid we're going to lose what we've worked so hard for because we can't afford any more taxes to pay for those who won't work hard.
I could go on disability due to some physical problems and inability to do probably 99% of jobs out there, but my physical disability doesn't keep me from doing MT work, and I can make a decent living doing that, so why not? If at some point in my life something happens that I can no longer do MT, then I'll have no choice but go on disability because I can't stand/walk/move around in order to get most other jobs out there, but for now I have a choice to work doing something I can do, and I choose to do that.
Most people I know on disability have other skills and could be doing other jobs, but they'd rather take the label of disabled and never work again. I choose to work at what I can do until I can't do it anymore.
I know one gal who was on disability and was offered a great job that paid over $2000 a month, but she would lose her disability, so didn't take the job... when I asked her how much her disability was, it was only $1300 a month! Duh... And the thing is, she would be great in that position and would have been a wonderful asset to the community doing that job. Just didn't make sense to me.
I feel for your situation and I don't think that things like your disabled child being on SSI or whatever is ''on the dole'' because those are exactly the people we as fellow Americans need to be helping. I'm sorry for your health situation and that is most tragic as it can happen to anyone.
The people I'm talking about are the ones who have no major health problems, no job, but could get a job if they wanted to, but welfare pays better, so they don't. My daughter works in a field where she sees daily where parents are dropping kids off at a daycare which is paid for through the social services office, and they go sit in the casino and gamble and smoke cigarettes. How much is a pack of smokes these days, $5? That's $150 a month that could pay for heating your house, putting food on your table, etc., but they don't need the money for those things because they are on programs to get those paid for too.
I'm not pointing a finger at you or people who have real problems and can't work, it's the abusers of the system that I'm upset about. I know of one couple who just a few years ago traveled on a vacation to Tokyo and got to leave their five adopted children with a foster care service absolutely free. This woman used to complain that she only got 15 hours a week of ''respite'' babysitting service.... I raised my kids and probably never had 15 hours total away from them in all the years they grew up as I didn't have family around where I lived and couldn't afford a babysitter. This particular family drives new vehicles, has memberships to clubs, eat out all the time as it's too hard for the mom to cook for so many people, etc., and they have no jobs or any other income. How do they do that?
Again, I'm just saying, we have always made as much as we could and spent as little as we could get by with and were perfectly happy that it balanced out enough that we could live on our own without having to take any freebies from anybody, and if we have to pay more taxes in the future, that balance is going to be upset, and I don't want to lose what we've worked so hard for.
I don't know which candidate is going to be able to do anything about our healthcare situation, but I believe your medical situation is a prime example of how the messed up healthcare industry is bringing decent people down and something needs to be done about it... But I can't afford my own medical care, how can you expect me to pay for everyone else's?
Holycrap! You make more than 250K a year!
How did you do that with MT jobs?
Those "small" businesses are the mom and pop...
type who don't have many employees. The small businesses who will be hurt by Obama's plan employ 25-100 people. More taxes on them, more capital gains taxes, they will downsize or close and stop investing because they can't afford it. There are thousands of those kinds of businesses across this country and they employ a significant number of people. It is not just the business owners who suffer....it is the people they employ.
We are not a nation of businesses.
nm
Obama will CAUSE more businesses to go
nm
Big businesses........well they wouldn't have to
if we'd stop taxing the crap out of them. This country taxes the crap out of businesses at an alarming rate, when they can go to places like Ireland and have an 11% tax rate. They go to other countries where they don't have to pay those ridiculous taxes. That's the entire problem here. MORE TAXES! Those companies that do stay here, in order to cover their HIGH TAXES, charge you more to cover it for them. That's the point some of us have been trying to make. Obama wants to raise their taxes and I can guarantee you those that are still here will be gone in a flash. YOu get stuck on this big business hiring cheap labor. Well, they would be hiring you if your government would stop taxing the crap out of them.
That's what McCain has said during this entire campaign. STOP TAXING THE CRAP OUT OF THEM and stop running them off and we'll have more jobs brought back here. OBama says TAX TAX TAX them some more and they'll help pay for all of us. BULL!!! Those corporations won't pay him taxes. They up the cost of products and we pay it for them. Obama knows that. This man is a crook through and through....believe what you want. You darn right businesses want huge tax breaks? Wouldn't you? Oh well, maybe not. After all, O lovers love more taxes.
If you're so worried about the little guy who pays too much for his goods, then why not ask Obama why he wants to raise taxes on those very businesses who will turn right around and put them off on you, making everything you buy even higher!
And since you're so down on the big businesses, though I'm not sure what you call big business, who do you think hires everyone else? Poor people? You won't have to worry about the unemployment rate if O gets in there. He'll have taxed and mandated them right out of business and out of this country. The businesses that WILL be hurt are the very businesses you count on day to day and you don't even know who they are. I do. My husband works for one of them. They don't have a big name but they are the very reason you have your grocery store shelves with food on them and many other products. People that think like you don't have a clue all the businesses you use every day that are NOT rich, but they help sustain the very community you live in. They can employ anywhere from 10-200 people and believe me, that is NOT a RICH business but Obama will tax the businesses right out of business. They cannot afford all those mandates and garbage policies he wants to throw in there.
The florist in your town. Well, they're gonna close. They would fall into that MEAN RICH BUNCH all of you hate so much, as well as so many other companies you depend on every day. You've just got your mind so focused on the hugely large corporations, you can't see past that.
Well, when your town starts laying off hundreds at a time from all those businesses you thought you detested but then realize too late those aren't the ones you were thinking about, maybe you'll see it differently then.
Everyone is so focused on all the Wall Street crowd, they have failed to realize that crowd won't be hurting at all. You will and all those businesses that keep you and your community alive and well.
This is the fault of dems and republicans alike, not just one side.
You want to talk shafted, just wait till your local A/C guy can't even run his business because Obama has deemed him "RICH".
Right, Sam! If businesses are taxed more, they are
nm
I wouldn't mind making 250K and paying
25% in taxes....
Bidens words - no longer $250K - Now $150K (nm)
x
Dont you get it?! Businesses WILL go overseas
nm
Maybe if small businesses like MT companies
receive a tax credit as a reward/incentive to keep jobs INSIDE the USA, that policy will help American MTs.
That's Obama's policy.
The big green businesses are already overseas.......
xx
American businesses and individuals should all
nm
"Senator Obama's Four Tax Increases for People Earning Under $250k"...
http://www.americanthinker.com/2008/10/senator_obamas_four_tax_increa.html
I confess. Senator Obama's two tax promises: to limit tax increases to only those making over $250,000 a year, and to not raise taxes on 95% of "working Americans," intrigued me. As a hard-working small business owner, over the past ten years I've earned from $50,000 to $100,000 per year. If Senator Obama is shooting straight with us, under his presidency I could look forward to paying no additional Federal taxes -- I might even get a break -- and as I struggle to support a family and pay for two boys in college, a reliable tax freeze is nearly as welcome as further tax cuts.
However, Senator Obama's dual claims seemed implausible, especially when it came to my Federal income taxes. Those implausible promises made me look at what I'd been paying before President Bush's 2001 and 2003 tax cuts, as well as what I paid after those tax cuts became law. I chose the 2000 tax tables as my baseline -- they reflect the tax rates that Senator Obama will restore by letting the "Bush Tax Cuts" lapse. I wanted to see what that meant from my tax bill.
I've worked as the state level media and strategy director on three Presidential election campaigns -- I know how "promises" work -- so I analyzed Senator Obama's promises by looking for loopholes.
The first loophole was easy to find: Senator Obama doesn't "count" allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse -- allowing the rates to return to a higher levels -- is not actually a "tax increase." It's just the lapsing of a tax cut.
See the difference?
Neither do I.
When those cuts lapse, my taxes are going up -- a lot -- but by parsing words, Senator Obama justifies his claim that he won't actively raise taxes on 95 percent of working Americans, even while he's passively allowing tax rates to go up for 100% of Americans who actually pay Federal income taxes.
Making this personal, my Federal Income Tax will increase by $3,824 when those tax cuts lapse. That not-insignificant sum would cover a couple of house payments or help my two boys through another month or two of college.
No matter what Senator Obama calls it, requiring us to pay more taxes amounts to a tax increase. This got me wondering what other Americans will have to pay when the tax cuts lapse.
For a married family, filing jointly and earning $75,000 a year, this increase will be $3,074. For those making just $50,000, this increase will be $1,512. Despite Senator Obama's claim, even struggling American families making just $25,000 a year will see a tax increase -- they'll pay $715 more in 2010 than they did in 2007. Across the board, when the tax cuts lapse, working Americans will see significant increases in their taxes, even if their household income is as low as $25,000. See the tables at the end of this article.
Check this for yourself. Go to http://www.irs.gov/formspubs/ and pull up the 1040 instructions for 2000 and 2007 and go to the tax tables. Based on your 2007 income, check your taxes rates for 2000 and 2007, and apply them to your taxable income for 2007. In 2000 -- Senator Obama's benchmark year -- you would have paid significantly more taxes for the income you earned in 2007. The Bush Tax Cuts, which Senator Obama has said he will allow to lapse, saved you money, and without those cuts, your taxes will go back up to the 2000 level. Senator Obama doesn't call it a "tax increase," but your taxes under "President" Obama will increase -- significantly.
Senator Obama is willfully deceiving you and me when he says that no one making under $250,000 will see an increase in their taxes. If I were keeping score, I'd call that Tax Lie #1.
The next loophole involves the payroll tax that you pay to support the Social Security system. Currently, there is an inflation-adjusted cap, and according to the non-profit Tax Foundation, in 2006 -- the most recent year for which tax data is available -- only the first $94,700 of an unmarried individual's earnings were subject to the 12.4 percent payroll tax. However, Senator Obama has proposed lifting that cap, adding an additional 12.4 percent tax on every dollar earned above that cap -- and in spite of his promise, impacting all those who earn between $94,700 and $249,999.
By doing this, he plans to raise an additional $1 trillion dollars (another $662.50 out of my pocket -- and how much out of yours?) to help fund Social Security. Half of this tax would be paid by employees and half by employers -- but employers will either cut the payroll or pass along this tax to their customers through higher prices. Either way, some individual will pay the price for the employer's share of the tax increase.
However, when challenged to explain how he could eliminate the cap AND not raise taxes on Americans earning under $250,000, Senator Obama suggested on his website that he "might" create a "donut" -- an exemption from this payroll tax for wages between $94,700 and $250,000. But that donut would mean he couldn't raise anywhere near that $1 trillion dollars for Social Security. When this was pointed out, Senator Obama's "donut plan" was quietly removed from his website.
This "explanation" sounds like another one of those loopholes. If I were keeping score, I'd call this Tax Lie #2.
(updated) Senator Obama has also said that he will raise capital gains taxes from 15 percent to 20 percent. He says he's aiming at "fat cats" who make above $250,000. However, while only 1 percent of Americans make a quarter-million dollars, roughly 50 percent of all Americans own stock – and while investments that are through IRAs, 401Ks and in pension plans are not subject to capital gains, those stocks in personal portfolios are subject to capital gains, no matter what the owner’s income is. However, according to the US Congress’s Joint Economic Committee Study, “Recent data released by the Federal Reserve shows that nearly half of all U.S. households are stockholders. In the last decade alone, the number of stockholders has jumped by over fifty percent.” This is clear – a significant number of all Americans who earn well under $250,000 a year will feel this rise in their capital gains taxes.
Under "President" Obama, if you sell off stock and earn a $100,000 gain -- perhaps to help put your children through college -- instead of paying $15,000 in capital gains taxes today, you'll pay $20,000 under Obama's plan. That's a full one-third more, and it applies no matter how much you earn.
No question -- for about 50 percent of all Americans, this is Tax Lie #3.
Finally, Senator Obama has promised to raise taxes on businesses -- and to raise taxes a lot on oil companies. I still remember Econ-101 -- and I own a small business. From both theory and practice, I know what businesses do when taxes are raised. Corporations don't "pay" taxes -- they collect taxes from customers and pass them along to the government. When you buy a hot dog from a 7/11, you can see the clerk add the sales tax, but when a corporation's own taxes go up, you don't see it -- its automatic -- but they do the same thing. They build this tax into their product's price. Senator Obama knows this. He knows that even people who earn less than $250,000 will pay higher prices -- those pass-through taxes -- when corporate taxes go up.
No question: this is Tax Lie #4.
There's not a politician alive who hasn't be caught telling some minor truth-bender. However, when it comes to raising taxes, there are no small lies. When George H.W. Bush's "Read my lips -- no new taxes" proved false, he lost the support of his base -- and ultimately lost his re-election bid.
This year, however, we don't have to wait for the proof: Senator Obama has already promised to raise taxes, and we can believe him. However, while making that promise, he's also lied, in at least four significant ways, about who will pay those taxes. If Senator Obama becomes President Obama, when the tax man comes calling, we will all pay the price. And that's the truth.
Tax Rates - and the Obama Increase - $50,000/year Taxable Income
|
2000 Tax Tables
|
2003 Tax Tables
|
2004 Tax Tables
|
2010 Tax Tables - (Bush Tax Cuts have Expired)
|
Increase with Obama Tax Increase*
|
Taxable Income
|
$50,000
|
$50,000
|
$50,000
|
$50,000
|
$50,000
|
Tax: Single
|
$10,581
|
$9,304
|
$9,231
|
$10,581
|
$1,350
|
Tax: Married - Filing Joint
|
$8,293
|
$6,796
|
$6,781
|
$8,293
|
$1,512
|
Tax: Married - Filing Separate
|
$11,143
|
$9,304
|
$9,231
|
$11,143
|
$1,912
|
Tax: Head of Household
|
$9,424
|
$8,189
|
$8,094
|
$9,424
|
$1,330
|
Tax Rates - and the Obama Increase - $75,000/year Taxable Income
|
2000 Tax Tables
|
2003 Tax Tables
|
2004 Tax Tables
|
2010 Tax Tables - (Bush Tax Cuts have Expired)
|
Increase with Obama Tax Increase*
|
Taxable Income
|
$75,000
|
$75,000
|
$75,000
|
$75,000
|
$75,000
|
Tax: Single
|
$17,923
|
$15,739
|
$15,620
|
$17,923
|
$2,303
|
Tax: Married - Filing Joint
|
$15,293
|
$12,364
|
$12,219
|
$15,293
|
$3,074
|
Tax: Married - Filing Separate
|
$18,803
|
$16,083
|
$15,972
|
$18,803
|
$2,831
|
Tax: Head of Household
|
$16,424
|
$14,439
|
$14,344
|
$16,424
|
$2,080
|
Tax Rates - and the Obama Increase - $100,000/year Taxable Income
|
2000 Tax Tables
|
2003 Tax Tables
|
2004 Tax Tables
|
2010 Tax Tables - (Bush Tax Cuts have Expired)
|
Increase with Obama Tax Increase*
|
Taxable Income
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
Tax: Single
|
$25,673
|
$22,739
|
$22,620
|
$25,673
|
$3,053
|
Tax: Married - Filing Joint
|
$22,293
|
$18,614
|
$18,469
|
$22,293
|
$3,824
|
Tax: Married - Filing Separate
|
$27,515
|
$23,715
|
$23,504
|
$27,515
|
$4,011
|
Tax: Head of Household
|
$23,699
|
$20,741
|
$20,594
|
$23,699
|
$3,015
|
* When "President" Obama allows President Bush's tax cuts of 2001 and 2003 to expire, this will amount to a DE facto tax increase
No, mine doesn't, but many small businesses...
including mid range transcription business who operate as S corporations, the entire income from their business is in that bracket and taxed as personal income. It is going to hit small businesses extremely hard. And I don't think it is fair that they have to pick up the tab to pay for tax CUTS for people who are already in the lowest bracket. I don't think that's right, I don't think that is fair, and it will result in businesses closing or laying off workers. So tell me what pray tell does that accomplish?
A government that taxes businesses into the ground...
is a main cause of offshoring. It costs more in taxes to do business in America than any other country in the world save one. And Obama wants to tax them even more, even the small business owners of the S corporation type. In order to fund a cut in tax for the people already in the lowest bracket who pay the lowest amount anyway. Thereby causing more small businesses to fail or cut back on staffing...causing more job loss instead of job creation. Sorry...that makes no sense to me.
Capitalism is when private owners run businesses
xx
Obama wants to grow small businesses
I can stick my head in the sand and pretend I don't know what this garbage is all about but anyone with half a brain would know you can't grow a business when you continue to pay pay pay through the nose AND give it to someone who has no motivation to do crap with their life.
blame it on businesses who won't clean up their trash..................NM
x
Obama wants to give small businesses tax relief not...sm
raise their taxes. He wants taxes raised on large corporations who are making record profits, paying their executives millions in salaries and perks per year. Also you will find that most companies offshore to countries where they pay pennies on the dollar to workers rather than pay Americans a living wage. These countries are happy not to charge them high taxes because those few pennies feed their people.
Not in time for Chrysler, its employees, downstream businesses
x
So businesses can use foreign labor for their products and services? nm
x
With the stimulus package there are built in tax credits for small businesses and SBA...sm
I have worked in retail as an assistant buyer and see their profit margins...and I know there are many legit, honest, mom and pop stores, but they usually make up for it by hiring school kids for slave wages and also family members. I am talking about across the board, in factories, retail, hospitalitiy, techno, every sector, these workers would all be paying more EACH WEEK into the the tax stucture in this country, strengtheing our reserves, becomeing consumers themselves because they can finally afford something....I feel like I dropped from another planet here, or industry in MT is not the norm by far.
What dribble and so uninformed, he isn't taking money from small businesses, geez.
Common sense should tell you he is not saying he is taking the money from small business to give to the the middle class.
he is saying he wants to tax fairly the wealthy (businesses over 250,000) and probably take some of the loop holes away. Lower the middle class taxes (if there is one anymore) so we can breathe. Former statesmen have said it is dangerous to put all the money in so few hands, it develops corruption. Don't just read the headlines, read between, on top, in depth, etc. McCain jumped on that statement to win votes. He is wealthy, what makes you think he understands you? The reason our jobs are going overseas is the present adminstration has given all these corporations tax breaks to do so - saying it builds global democracy - it didn't work, it just made the corporations richer). i don't care who you vote for but Ms. Piggy would be better than McCain and dum, DE dum dum.
Yet we get on this board and moan and whine about not getting paid enough and companies are spening millions buying other transcription companies over our backs you think taxing them fairly is socialism.
I am through with this board, it is sad so many want 4 more years of the same. Keep working for pennies while benefits are taken from you, lines per are decreased. Do you think getting less for voice is fair when it takes almost the same amount of time to do it and make half? Do you think the company is taking that much of a hit? Yet they are forcing it so it most be a benefit to them. They are laughing all the way to the bank while you eat the feathers.
When McBush is talking, he isn't talking to you unless you are wealthy or CEO
who provides campaign funds. Do you know why lobbyists are making the headlines? Because they are bribing the politicians of both parties - lobbyists work for private interests (AIPAC) along with the pharmaceutical company ($280.00 for a bottle of pills? Only in America, folks), oil industry (record profits at your expense) credit card companies and unethical banking procedures (Funny isn't it how Visa wrote the reformed BK bill, making virtually everyone end up in ch 13 (garnishing income, including SS) after raising credit limits and offering transfer balances at 0 percent to everyone with a last name and a roof over their head? Along with mtgs that were bound to turn into bad loans when house prices dropped which they always do after a bubble. God, I could go on and on here but I get tired. The nation is in such trouble. Serious serious trouble. There is a huge loan to an unfriendly country (did you watch the Olympics? did you ever see Bush look more uncomfortable other than during the Stephen Colbert roast during the national press conference. lol.
Well I want you to know what fascism. And I want you to know that those treasury notes are backed up by the taxpayers (you) and real estate including roads and govt buildings and parks. Have you noticed why Save-Mart Center is owned by savemart and not a community business or the community itself? There is somethign happening slowly and surely and it is NOT going to benefit middle class america one iota. You must know that as a poor person, you have no power, no voice. Elections are rigged and the politicans cease to care whether you like them or not - oh wait, that has already happened.
THINK ABOUT THIS!!!! Your 401Ks and investments/assets are what at are stake!
Fascist governments nationalized key industries and made massive state investments. They also introduced price controls, wage controls and other types of Soviet-style economic planning measures.[12] Property rights and private initiative were contingent upon service to the state.[13].[14] Fascists promoted their ideology as a "third way" between capitalism and Marxian socialism.[15] Fascists in Germany and Italy claimed that they opposed reactionaries, and that they were actually revolutionary political movements that fused with conservative social values.
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