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December 03, 2021, 09:47:41 pm
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December 03, 2021, 09:47:41 pm
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Poll

Who is going to be our Next President in 2009?

John McCain
23 (42.6%)
Barack Obama
28 (51.9%)
Ralph Nader
0 (0%)
Donald Duck
3 (5.6%)

Total Members Voted: 52

Author Topic: Mccain? Obama?  (Read 100762 times)

Offline hthompson001

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Re: Mccain? Obama?
« Reply #75 on: July 30, 2008, 08:09:27 am »
Here is an article about Obama's plan to tax those that have done well in life in the name of "SOCIAL" programs

http://www.usatoday.com/news/politics/election2008/2007-11-11-obama-social-security_N.htm

Say it together people....SOCIALISM!!!
Let the blind lead the blind and they both fall in the ditch

Offline propertymanager

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Re: Mccain? Obama?
« Reply #76 on: July 30, 2008, 09:14:54 am »
Why can't  :evil say what he really wants - to take ALL our money and redistribute it as he sees fit?  That's the socialist way!

Mike

www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

Offline p1nn4cl3

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Re: Mccain? Obama?
« Reply #77 on: July 30, 2008, 01:57:44 pm »
Here is an article about Obama's plan to tax those that have done well in life in the name of "SOCIAL" programs

http://www.usatoday.com/news/politics/election2008/2007-11-11-obama-social-security_N.htm

Say it together people....SOCIALISM!!!


C'mon guys. :rolleyes You are just seeing what you want to see now. That article is about the Social Security fund. You know, the one that turns upside down in 2017?  It was not Barack Obama who was stealing the trust money that should have been earning interest. In 1983 Greenspan himself recommended raising taxes to help supplement it. Is Greenspan a Socialist now too?

You see the problem is, it doesn't matter what Barack Obama says or does at this point, a few of you guys have made up your minds. You're not looking at facts or current events, but rather just retaining the information that supports your opinions. Fox News even ran an article showing him to be fairly bi-partisan for a Democrat, and there is a growing number of "Obamacons" who believe he will make the right choices economically.

By all means go with this guy though: http://www.youtube.com/watch?v=mgF39TRCPPE  :help

Offline hthompson001

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Re: Mccain? Obama?
« Reply #78 on: July 30, 2008, 02:09:07 pm »

By all means go with this guy though: http://www.youtube.com/watch?v=mgF39TRCPPE  :help
[/quote]

You have made the fatal mistake of assuming I'm voting for McCain...which I am NOT! 
Secondly,  why is the government's responsiblity to care for you when you are elderly???  Because you deserve it???
Contribute to a 401k plan or start an IRA and save!!!  Our negative savings rate is a result of the "I deserve it and I want it" attitude, not the "I worked hard for it" attitude.
Let the blind lead the blind and they both fall in the ditch

Offline allagash

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Re: Mccain? Obama?
« Reply #79 on: July 30, 2008, 03:38:55 pm »
Quote
By all means go with this guy though: http://www.youtube.com/watch?v=mgF39TRCPPE

That was fun.

Can you imagine 4 years of that....yikes!

Quote
The politicians don't run anything.  There are 16 families that control the whole world.  I read that in a book ya'll.  I thought that was just a rumor until Bill Clinton won the election in 1994.  When Clinton was running he said NAFTA was the worst thing we could do and it would bury us and we should stop it.  When he won the election he said we must have NAFTA.  It was like on his first day in the Oval Office somebody came in with “the binder” and told him where we are one the plan and that he had to follow that plan.  Politicians just follow the plan and we go along for the ride. 

Heck....they already starting reviewing the binder with Obama this week:

Quote
Obama met in Washington on Monday with an all-star group of business and economic experts, including billionaire investor Warren Buffett, who participated by telephone, former Federal Reserve Chairman Paul Volcker and Google Chairman Eric Schmidt.

-Mike
« Last Edit: July 30, 2008, 04:15:44 pm by allagash »

Offline RolynProperties

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Re: Mccain? Obama?
« Reply #80 on: August 01, 2008, 10:38:57 am »
Roshard W Jones
Jelyn J Jose
Real Estate Investors
Rolyn Properties
[email protected]

Offline phlemboy

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Re: Mccain? Obama?
« Reply #81 on: August 01, 2008, 11:15:34 am »

By all means go with this guy though: http://www.youtube.com/watch?v=mgF39TRCPPE  :help

You have made the fatal mistake of assuming I'm voting for McCain...which I am NOT! 
Secondly,  why is the government's responsiblity to care for you when you are elderly???  Because you deserve it???
Contribute to a 401k plan or start an IRA and save!!!  Our negative savings rate is a result of the "I deserve it and I want it" attitude, not the "I worked hard for it" attitude.
[/quote]
 To be honest, the people who actually deserve SS and/or medicare are the people (babyboomers) who have been paying into it since it began. It was never meant soley for retirement. That was also back in the days where employees had a pension for life after they retired from a company. They didn't have to contribute anything but their hard work. Then they cancelled the pension and and said, "  Hey, here's a smart plan where you contribute the bulk of your retirement savings." The problem with that is instead of a steady pension for life. The responsibility was transferred to people who have no investing savvy. So they're forced to hand their money over to a person who says,"Diversify and invest for the long term." Nobody says anything about what to do if the market crashes and your retirement savings loses a ton of money as you near retirement. When the rules changed, people needed to invest in their financial education so they would'nt have to depend on someone else for investment advice. I believe Warren Buffett said that "Diversification is insurance for ignorance." or something like that. The problem is that people are unaware of this need for education or they're too lazy to get the education they need. One last point to this rant. The SS & Medicare programs were never meant to finance the high cost of healthcare (nursing home, hospital stay etc.) O.K. I'm done for now. :biggrin
"Fat drunk and stupid is no way to go through life son." --Dean Wermer

Offline brockovich

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Re: Mccain? Obama?
« Reply #82 on: August 01, 2008, 12:36:30 pm »
We need less government in our lives, not more. Obama certainly and McCain to extent will continue to expand government. Don't come on here stating you are investor in real estate giddy about the propsect of an Obama presidency. Capital gains tax increases alone should have you running the other way. If you want to make half as much profit after resale that you used to then by all means vote for Obama. But don't call yourself an investor in the same sentence.

Offline p1nn4cl3

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Re: Mccain? Obama?
« Reply #83 on: August 01, 2008, 01:09:26 pm »
We need less government in our lives, not more. Obama certainly and McCain to extent will continue to expand government. Don't come on here stating you are investor in real estate giddy about the propsect of an Obama presidency. Capital gains tax increases alone should have you running the other way. If you want to make half as much profit after resale that you used to then by all means vote for Obama. But don't call yourself an investor in the same sentence.

I'm not sure if that reply was to me, but my definition of an investor is someone who invests. It's an action, and really quite separate from a person's ideas on what is correct policy for a society.  By your (implied) definition, a criteria to be an investor is someone who sees political advantage as a means to further their own personal bottom line, and I disagree with that.

However, everything else you said is spot on in my opinion. I voted, campaigned for, and donated to Ron Paul in the primary race, but he lost. So, what do I do? In this race, I pick the guy who I think will screw this country up LEAST, even if I don't support all of his policies. I'll pay attention more to my local politics, and try to get Libertarian minded officials elected in my precinct, county, and state governments. Hopefully if everyone does the same, in 12-15 years we can really challenge the two party system, and be in a position to seize back state control, and limit government the way it was intended.

Offline phlemboy

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Re: Mccain? Obama?
« Reply #84 on: August 01, 2008, 01:11:56 pm »
Brokovich, If your comment was toward me, than perhaps you should look at my post again. I did'nt mention ANYTHING about Obama,MCain or large govt. For the record, I'm for "none of the above". I just think the people who have ACTUALLY  paid into the SS & Medicare system for their ENTIRE working years may not be able to have access to the very programs the helped fund. Many of these people didn't save in their 401k because it didn't exist until it was too late for them to do anything. Besides, they had a pension.. at least they thought.. The largest point of my post was about taking control of your own financial well being.
"Fat drunk and stupid is no way to go through life son." --Dean Wermer

Offline hthompson001

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Re: Mccain? Obama?
« Reply #85 on: August 01, 2008, 01:38:59 pm »

Electile Dysfunction : the inability to become aroused over any of the choices for President put forth by either party in the 2008 election year.


I couldn't resist    ;D
Let the blind lead the blind and they both fall in the ditch

Offline brockovich

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Re: Mccain? Obama?
« Reply #86 on: August 01, 2008, 01:47:39 pm »
My post was not directed at any one individual, just a point in general. I hate these two choices this year and that is why I stated in earlier post in this same string that Bob Barr may get my voe even though he will never win in this corrupt two party system. If McCain were to choose Romney as a running mate I would look again at perhaps granting McCain my vote. We need someone with business credentials to help run this county, not lifetime politicians.

Offline phlemboy

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Re: Mccain? Obama?
« Reply #87 on: August 01, 2008, 11:30:24 pm »
I agree brokovich. I actually would like to see Donald Trump in the mix. I read his book "The America We Deserve". It's a very good book with some VERY good ideas. Whether these ideas could actually be implemented is beyond my expertise, but I like the fact that he's not beholden to anyone or any political party. An example of one of his ideas is: Keep in mind this book was written in 2000.

He proposes a ONE TIME 14.25% tax on individuals and Trusts with a net worth over $10 Million. He also proposes a repeal of the 55% inheritance tax. This would provide $5.7 Trillion to  pay the entire national debt. It would also save $200 billion in interest payment. That $200 billion could give the middle class a tax break of $100 bilion. The other $1 billion could go into bolstering the Social Security Trust Fund. Paying off the national debt would retire all govt. bonds. People would be able invest in free enterprise in instead of govt. It woul also enable new business startups. His personal tax bill would be $700 million. He goes into some other options as well. He goes into more detail, but there is too much to list. I think what I like most about his ideas is that he at least has the guts to say EXACTLY WHAT he wants to do. WHY he wants to do it and HOW hewant to do it. The politicians I see now are not being specific in their plans. They say things like " I'll work to do this" or "We as American need to strive for that". Just lay out the issues and EXACTLY what your plan is to resolve them. Let the country see the plan have it debated and picked apart so people can have an educated view of what your poicies are. After reading the book, I felt at least that he had an exact plan to resolve the key issues that remain unsolved today. It's hard to pick a plan apart when the current candidates aren't laying specific plans.
"Fat drunk and stupid is no way to go through life son." --Dean Wermer

Offline propertymanager

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Re: Mccain? Obama?
« Reply #88 on: August 02, 2008, 07:03:58 am »
I agree that we need a specific plan, but a one time tax of 14.25% on individuals and trusts with a net worth of $10 million dollars would be a DISASTER.  Most high net worth individuals don't have 14.25% of their net worth sitting around in cash.  So, they would need to sell assets to pay the tax bill.  That would drive the stock market down (everybody selling and nobody buying); cost jobs; and do great damage to the economy! 

A tax on net worth would be VERY bad for us real estate investors.   Those of us in the rental property business have a relatively high net worth, but relatively low cash flow.  Coming up with 14.25% one-time in cash, in addition to all the property taxes we pay, would be highway robbery!  Yes, we need a plan, but not THIS plan. 

Mike
www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

Offline p1nn4cl3

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Re: Mccain? Obama?
« Reply #89 on: August 02, 2008, 09:10:51 am »
Whoops, sorry Phlemboy. I missed your post right above Mike's.
« Last Edit: August 02, 2008, 12:37:34 pm by p1nn4cl3 »

 




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