StockFetcher Forums · General Discussion · Obama Tax Bomb to Blindside U.S. Investors<< 1 2 3 >>Post Follow-up
chetron
2,817 posts
msg #69171
Ignore chetron
11/11/2008 6:43:22 AM

I HOPE YOU CONTINUE TO LIVE AND FIND HAPPINESS AND CONTENTMENT. ; )


traderblues
195 posts
msg #69173
Ignore traderblues
11/11/2008 7:38:41 AM

Paying taxes in itself is not a bad thing. I don't mind paying taxes for defense, roads, bridges, energy, etc. The problem is that we have a government that has not been doing its job over the past two decades, and they do foolish things with our tax money. This year is the culmination. It may destroy us.

China's stimulus package makes sense. Use it to create jobs and build their infrastructure for the future. We gave out checks and told people to go to Wal-Mart. But then, China is a creditor nation, not a debtor nation. Do they own the majority of the U.S. yet? Must be getting close.

chetron
2,817 posts
msg #69175
Ignore chetron
11/11/2008 8:28:19 AM

NO CREDIT/ ECONOMICAL CRUNCH CAN DESTROY US AS LONG AS WE STILL HAVE OUR NUKES. ; )

wirechild
11 posts
msg #69209
Ignore wirechild
11/12/2008 11:04:16 PM

It would seem the best way to bailout the auto industry is to give a big tax credit to everyone that buys a new GM, Ford or Chrysler vehicle over the next 2 years. That way it also helps out the local dealerships, local governments (sales tax), my wife gets a new car, and I get screwed by my wife instead of some greedy CEO...

petrolpeter
439 posts
msg #69211
Ignore petrolpeter
11/13/2008 3:54:59 AM

Yup,I can just see it now;Buy a new Hyundai and we will match your Gov.Tax Credit and give you an additional $2000.00 off.And not any additional taxes will incur on your income,now thats what I call real savings LoL.Raise your hand if anyone would like to give a big tax coupon out of your own income to the guy who is buying a new caddy.

chetron
2,817 posts
msg #69212
Ignore chetron
modified
11/13/2008 6:43:12 AM

WASN'T THAT ALREADY DONE IN 2004, WHEN THEY HAD THE "GET A FREE HUMMER" WRITE OFF.


IT WORKED SO GOOD THEY HAD TO RE-WRITE THE TAX CODE.



TheRumpledOne
6,358 posts
msg #69218
Ignore TheRumpledOne
11/13/2008 1:36:44 PM

I received this from TxTrapper via email:

http://www.cnn.com/ALLPOLITICS/stories/1999/11/12/banking.reform/index.html

He said to "LOOK AT THE DATE".



wirechild
11 posts
msg #69220
Ignore wirechild
11/13/2008 3:08:49 PM

TRO, that is awesome.. so we saved "billions a year" for 8 years so that we can now pay trillions in bailouts....

deanengle
33 posts
msg #69374
Ignore deanengle
modified
11/25/2008 9:53:06 PM

Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective.

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion//////////////////////// JUST REMEMBER.THE FUN HAS JUST BEGUN

BuylateSellearly
29 posts
msg #69377
Ignore BuylateSellearly
11/26/2008 3:32:53 AM

These fools running the bailout don't know what the phuck they're doing. We're so screwed...

StockFetcher Forums · General Discussion · Obama Tax Bomb to Blindside U.S. Investors<< 1 2 3 >>Post Follow-up

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