| StockFetcher Forums · General Discussion · POLITICS GOES HERE | << 1 ... 57 58 59 60 61 ... 76 >>Post Follow-up |
| Mactheriverrat 3,173 posts msg #104984 - Ignore Mactheriverrat |
2/15/2012 7:15:05 AM |
| kahern1014 13 posts msg #104985 - Ignore kahern1014 |
2/15/2012 8:55:01 AM The first two full fiscal years of the Obama presidency have seen unprecedented decreases in deficits: more in two years, after adjusting for inflation, than in Truman's eight years, and twice as much as in Clinton's eight years. The first seven years of the G.W. Bush presidency increased the deficit by almost twice as much as the 32 years from JFK through G.H.W.Bush combined, and somewhat more than the 24 years from Harding through FDR combined (in inflation-adjusted dollars). http://home.adelphi.edu/sbloch/deficits.html#2009 |
| TheRumpledOne 6,529 posts msg #104986 - Ignore TheRumpledOne |
2/15/2012 10:31:24 AM IN MY INBOX: -------------------------------------------------------------------------------- WE have heard this and now it is confirmed to be the truth. Pls. forward on. This is for all Americans to see and think about!!!!! Diane Sawyer reporting on U.S. bridge projects going to the Chinese...NOT Americans. The bridges are right here in the U.S. and yet Obama has approved for Chinese contractors to come in and do the work. What about jobs for Americans??? Watch this video. It doesn't take long to view. This one should be tough for the supporters of the current regime to swallow....AND it comes from ABC NEWS...no Snopes or Wikileaks on this one!! U.S.A. Bridges and Roads Being Built by Chinese Firms Shocking to say the least! This video is a jaw-dropper that will make you sick. (It was also shocking that ABC was actually reporting this story.) The lead-in with Obama promising jobs in the U.S. by improving our infrastructure is so typical of all his promises! Our tax dollars are at work - for CHINA!!! I pray all the unemployed see this and cast their votes accordingly in 2012! http://abcnews.go.com/WNT/video/us-bridges-roads-built-chinese-firms-14594513?tab=9482930?ion=1206853&playlist=14594944 |
| olathegolf 119 posts msg #104990 - Ignore olathegolf |
2/15/2012 12:59:53 PM In my Inbox: The Government Wants to Steal Your 401k By Teeka Tiwari - Creator: ETF Master Trader 4.3 Trillion dollars sits in our nation's 401k Retirement Plans. It’s too big a temptation for the Federal government to ignore, and we may be on the verge of a full scale attack against our citizens' privately held wealth. I'll get to the details of that in a moment. For the benefit of our foreign readers, a 401k is a retirement plan. The advantage of a 401k is that all money put into it can be taken as a tax deduction against your income. So, in effect, the government subsidizes a good portion of your retirement savings. This is one of the greatest gifts the Federal government has ever given us, because our money is allowed to compound completely tax free! Now it's not all gravy -- you can't touch this money until you are 59 1/2, and when you start pulling money out you are taxed at ordinary income levels. This is regardless of whether your gains came from long term capital gains or dividend income. At this time, ordinary income rates are, generally speaking (depending upon your tax bracket), higher than capital gains rates and dividend income rates. So the government gets their money in the end, which is why these are considered tax deferred plans, not tax free plans. The advantage for the saver to contributing to a 401k is that contributions are tax deductible, meaning they get to grow their money for decades without the relentless performance drag of having to pay capital gains and dividend income tax each year. This means that the government is providing you with an ongoing interest free loan for the life of your 401k. This "loan" allows you to compound more money... faster... for free. You are using other peoples' money (OPM) -- in this case the government's money -- to boost your gains. For years this has been a phenomenal wealth creation tool for everyday Americans, but this great gift could be under serious threat. The Unions Want Your Money The unions have a problem: They have massive pension obligations that are woefully under funded. Some reports indicate that their pension funds are only 62% funded, with total shortfalls approaching $165 billion. Their approach is to convince the government to take custody of ALL 401k assets and effectively nationalize them into a government guaranteed annuity that will pay about 3%. That's a rate that will guarantee that you lose money after inflation. One of the largest contributors to the Obama cause is the Services Employees International Union (SEIU). They are the "face" organization behind this plan to centralize America's savings into "Guaranteed Retirement Accounts" (GRA's). Now, guess where those 4 trillion 401k dollars will end up being invested? The recipient of all this largesse will be US treasuries. This is a triple win for the Obama administration, the Federal government, and the unions: The unions get to bail out their under funded pension funds by delivering guaranteed returns which, as measly as they are, are better than zero returns. The democrats get to return the favor back to the unions for their long term support. And the Federal government gets to use our money to help fund the federal deficit. The sales pitch being used is that this should be done to save Americans from the "emotional ups and downs" of the stock market! How galling is that? But even if this nationalization effort fails to pass, savers are still being assaulted by the Obama administration. Let me explain... In the most recent budget, the President is proposing restricting the amount of money investors can put into 401k's! The President's administration apparently feels that the best way forward is to PUNISH SAVERS! Not only that, but we also saw that the President wants to boost dividend taxes from the current 15% to a whopping 40%! The actual top bracket with the inclusion of the Obama Care tax will be 43.5%. Oh, but don't worry, because this is just for those evil blood suckers making $250k a year. Let me tell you something, depending upon where you live, $250k is not a lot of money. Even if you live in a low cost area of the country, $250k does not make you one of the glittering rich. You might not be rich right now, but it is every American's right to strive to become rich if they so desire. That's a big part of the American dream -- work hard, build a business, live beneath your means and enjoy the fruits of your labor. It is precisely that striving for personal greatness that makes our entire country great. Why should the entire nation be held to the standards of people who can't make good decisions for themselves? It is not only wrong, but it is destructive to our way of life. We are a people that firmly believe in the right to determine the direction of our own lives. We don't need a bunch of narrow minded Washington pukes telling us what's good for us. It is not unimaginable that this legislation will pass, because crazier things have happened in our country's history. For instance, back in 1933 under Executive Order 6102, all privately held gold was confiscated by the US government. You were compelled to sell your gold to the Federal Reserve for $20 an ounce under penalty of 10 years in prison. The Federal Reserve then promptly sold the bulk of the gold for $35 an ounce to the Europeans while pocketing the difference. What's to say that they won't do the same thing with our 401ks? |
| johnpaulca 12,036 posts msg #104994 - Ignore johnpaulca |
2/16/2012 8:21:44 AM |
| TheRumpledOne 6,529 posts msg #104998 - Ignore TheRumpledOne modified |
2/16/2012 10:10:26 AM Time To Tame the Federal Beast |
| johnpaulca 12,036 posts msg #105144 - Ignore johnpaulca |
2/27/2012 9:15:41 AM |
| TheRumpledOne 6,529 posts msg #105148 - Ignore TheRumpledOne |
2/27/2012 10:10:49 AM |
| TheRumpledOne 6,529 posts msg #105149 - Ignore TheRumpledOne |
2/27/2012 10:15:26 AM |
| TheRumpledOne 6,529 posts msg #105156 - Ignore TheRumpledOne |
2/27/2012 5:37:26 PM Supply, Demand, Currency and Futures – The Truth About Gas Prices By Robert Ringer - Monday, February 27, 2012 Our old friend, “pain at the pump,” is with us once again, and this time it promises to be far more painful than the last time around. “Pain at the pump” is a nice little catchphrase, but I’ve never been able to figure out why people pick on gas. After all, isn’t it just as painful to pay $250,000 for a house that used to cost $8,000? Or $30,000 for a car that once cost $2,000? And what about the skyrocketing prices of such basic foods as milk, bread, and eggs? The fact is that the price of gasoline is relative. Relative to what Americans have been used to paying, $4.00-$5.00 a gallon sounds like a lot. And $6.00-$7.00 a gallon — which is almost certain to come — is going to sound like a lot more. But relative to what countries such as the UK, France, and the Netherlands have been paying for years, these prices are no big deal. But what, exactly, drives up gas prices? Some of the major factors include: Supply. So long as “environmentalists” have their way, our lack of accessible domestic supply assures that gas prices will continue to rise. The far left, intent on bringing about a green-energy society, cheers on Richard Nixon’s creation, the Environmental Protection Agency, as it continues to stifle oil production at every turn. Obama’s refusal to build the Keystone Pipeline is just the latest example of how committed the green crowd is to bringing oil production to a standstill. Demand. The emergence of China and India as economic superpowers, not to mention smaller emerging economic powers such as Chile and Brazil, assures continued upward pressure on energy prices, even if the growth of these economies slows in the coming years. Middle East tensions. Summed up in one word: Iran. Currency devaluation. Above all, the Federal Reserve continues to quietly increase the money supply, which puts unrelenting downward pressure on the U.S. dollar. What makes the continual devaluation of the dollar a unique factor is that it creates the illusion that gas prices are rising. Futures market. Speculators take all of the above factors, and more, into consideration and bet on the future price of oil — the usual result of which is to drive prices still higher. Of course, there are other factors that play into the equation as well, such as the 18.4¢ per gallon federal excise tax, but the biggest drivers of high gas prices are the five that I’ve listed above. Even so, there is an even bigger reason why gas prices are sure to rise dramatically in the future: the coming “excess-profits tax.” In less gentle terms, I’m talking about increased government confiscation of oil-company profits. This theft will cause oil companies to pull in their horns and put the brakes not only on oil drilling, but on research for alternative sources of energy as well. The class-warfare folks in the nation’s capital have a slam dunk when it comes to demonizing the major oil companies. They conveniently ignore the fact that the five largest oil companies — Chevron, Shell, BP, ExxonMobil, and ConocoPhillips — make a bit over 6 percent profit on sales, or about one-fourth the profit margin that Google enjoys. That being the case, one wonders why the kleptomaniacs in Washington don’t slap Google with an excess-profits tax. Of course, some would argue that people don’t need Google, but they do need gas. Need, however, is a subjective term. It is simply a euphemism for want. Everyone claims to need gas, which simply means they want it. They also want to pay less for gas and less for cars, food, housing, medical care, and baseball, football, and basketball tickets. Worse, pandering politicians have convinced them that not only are their desires needs, but their needs are “rights.” Presto: Just like that, inexpensive gas becomes a right. Let’s face it, if you’re on a tight budget, which most people are, paying anything for anything is painful. But so long as people continue to buy an item, regardless of what that item may be, it is proof positive that the so-called pain experienced in paying for it is not great enough for them to make the decision to do without it. When the history of Western civilization is written, it will be clear to all that it was not Islamic terrorism that brought it down. The culprit will be the perverse, widespread belief that people have a right to anything they happen to desire. This uncivilized notion assures a continuing inflation of our currency and, as a result, continually increasing prices — including gas prices — no matter what other factors are at play. It’s too bad that spoiled, uninformed Americans do not understand that higher prices are a direct result of all the “free” stuff they get from government — especially under the label of “entitlement programs.” If all personal and corporate welfare were eliminated and people and corporations were forced to live in accordance with marketplace realities, most prices would decline quickly — and dramatically. We may have to go through a dictatorship or two to get there, but, hopefully, Americans will ultimately rise up again and get back to more hard work and less free stuff. China is doing it. India is doing it. Vietnam is doing it. And there is no reason that Americans can’t someday do it again. But that won’t happen until the pain becomes so unbearable that welfare addicts realize that they are no longer getting the best of the redistribution-of-wealth scam. That’s when they might be motivated to push back against the tide of totalitarianism and opt for more freedom in lieu of free stuff. And if that happens, a phrase like “pain at the pump” would be little more than a worn-out anachronism. You have permission to reprint this article so long as you place the following wording at the end of the article: Copyright © 2012 Robert Ringer ROBERT RINGER is a New York Times #1 bestselling author and host of the highly acclaimed Liberty Education Interview Series, which features interviews with top political, economic, and social leaders. He has appeared on Fox News, Fox Business, The Tonight Show, Today, The Dennis Miller Show, Good Morning America, The Lars Larson Show, ABC Nightline, and The Charlie Rose Show, and has been the subject of feature articles in such major publications as Time, People, The Wall Street Journal, Fortune, Barron's, and The New York Times. |
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