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Old September 12th, 2010, 08:49 AM   #1
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Default Obama on track to lower our standard of living to that of his birth country

WASHINGTON The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

http://news.yahoo.com/s/ap/20100911/...rty_in_america
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Old September 12th, 2010, 08:56 AM   #2
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Change.
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Old September 12th, 2010, 09:23 AM   #3
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"Its Bush's fault"

There I put out there before one of the idiot liberals do.
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Old September 12th, 2010, 09:30 AM   #4
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"Its Bush's fault"

There I put out there before one of the idiot liberals do.
I agree to some extent. I feel the bad decisions and policies of the Bush administration helped usher in the current anti-American socialist President.
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Old September 12th, 2010, 09:31 AM   #5
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Not to say that it isn't Obama's fault, however, the numbers cannot be attributed solely to Obama's short run @ presidency.
These statistcs cannot be attributed solely to the Bush administration either - both sides have contributed to the mess this country is in.

The true FUCK-YOU I see coming from this:
Obama will have an even larger knee-jerk reaction to this and increase public assistance programs that will make it easier for many people to sit back and take advantage of aid - instead of working two minimum wage jobs, busting ass and stressing over how to pay the bills.

This, in turn, will be funded by the "upper" middle class (which is an entirely different discussion of what "middle class" is) and above. Nothing can be done by the people seeing the larger taxes coming down the pike. Well, the wealthy can hire more lawyers and accountants to find loopholes, but people (like many on here) will be saddled with higher taxes to fund the public programs.

What do we do? We keep working and pay the fucking taxes. You betcha! Our government knows the people that get to an income level that is "above average" got there because of a mix of education, drive and personal choices. They also know most people will live at a level their jobs can provide - so you increase taxes on these people, they don't quit and "go on the dole" - they work harder or make personal sacrifices and re-normalize their standard of living.

It is a very interesting thing to watch happen, only I wish I was watching from the sidelines - not from down on the field - where I can see a 400lb defensive tackle steamrolling toward me...

...as I stand on the field with the ball under one arm and a bear trap around one leg.
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Old September 12th, 2010, 09:34 AM   #6
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Be gone you with your common sense!
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Old September 12th, 2010, 09:35 AM   #7
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Originally Posted by ScOoTeR View Post
Not to say that it isn't Obama's fault, however, the numbers cannot be attributed solely to Obama's short run @ presidency.
These statistcs cannot be attributed solely to the Bush administration either - both sides have contributed to the mess this country is in.

The true FUCK-YOU I see coming from this:
Obama will have an even larger knee-jerk reaction to this and increase public assistance programs that will make it easier for many people to sit back and take advantage of aid - instead of working two minimum wage jobs, busting ass and stressing over how to pay the bills.

This, in turn, will be funded by the "upper" middle class (which is an entirely different discussion of what "middle class" is) and above. Nothing can be done by the people seeing the larger taxes coming down the pike. Well, the wealthy can hire more lawyers and accountants to find loopholes, but people (like many on here) will be saddled with higher taxes to fund the public programs.

What do we do? We keep working and pay the fucking taxes. You betcha! Our government knows the people that get to an income level that is "above average" got there because of a mix of education, drive and personal choices. They also know most people will live at a level their jobs can provide - so you increase taxes on these people, they don't quit and "go on the dole" - they work harder or make personal sacrifices and re-normalize their standard of living.

It is a very interesting thing to watch happen, only I wish I was watching from the sidelines - not from down on the field - where I can see a 400lb defensive tackle steamrolling toward me...

...as I stand on the field with the ball under one arm and a bear trap around one leg.
My plan is to move out of the US when the higher taxes come, and they will, there is a threshold of how many parasites I can support.
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Old September 12th, 2010, 09:37 AM   #8
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Originally Posted by howell_jeep View Post
My plan is to move out of the US when the higher taxes come, and they will, there is a threshold of how many parasites I can support.
Not me, I have to tough it out. I'm too old, have a family and an ailing mother to deal with, and own too much realestate to liquidate and not lose my ass.

Edit: If Obama seizes my assets for "wealth redistribution", moving will be a high priority.

Last edited by Nuggets; September 12th, 2010 at 09:41 AM.
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Old September 12th, 2010, 09:41 AM   #9
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My plan is to move out of the US when the higher taxes come, and they will, there is a threshold of how many parasites I can support.
As nice and defiant as that sounds, have you any idea what it takes to repatriate to another country? My suggestion to you is to start now to get a foothold in the country of choice - you'll be able to work a few years at a lowered wage and create a home to bring your family over to.

That is, if you can get proper documents for your family (equivalent to the USA's "green card") in a timely fashion. My father-in-law spent about 5 years working here before he could bring his family over here.
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Old September 12th, 2010, 09:46 AM   #10
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Quote:
Originally Posted by ScOoTeR View Post
Not to say that it isn't Obama's fault, however, the numbers cannot be attributed solely to Obama's short run @ presidency.
These statistcs cannot be attributed solely to the Bush administration either - both sides have contributed to the mess this country is in.

The true FUCK-YOU I see coming from this:
Obama will have an even larger knee-jerk reaction to this and increase public assistance programs that will make it easier for many people to sit back and take advantage of aid - instead of working two minimum wage jobs, busting ass and stressing over how to pay the bills.

This, in turn, will be funded by the "upper" middle class (which is an entirely different discussion of what "middle class" is) and above. Nothing can be done by the people seeing the larger taxes coming down the pike. Well, the wealthy can hire more lawyers and accountants to find loopholes, but people (like many on here) will be saddled with higher taxes to fund the public programs.

What do we do? We keep working and pay the fucking taxes. You betcha! Our government knows the people that get to an income level that is "above average" got there because of a mix of education, drive and personal choices. They also know most people will live at a level their jobs can provide - so you increase taxes on these people, they don't quit and "go on the dole" - they work harder or make personal sacrifices and re-normalize their standard of living.

It is a very interesting thing to watch happen, only I wish I was watching from the sidelines - not from down on the field - where I can see a 400lb defensive tackle steamrolling toward me...

...as I stand on the field with the ball under one arm and a bear trap around one leg.

Very well said. I'm sure there is also some percentage that will not allow people from my Generation and younger ones to be able to tough it out because we haven't gotten any real "game time" and don't know how to go up agianst said 400 pound line backer. I'm truly worried about my future Children and thier ability to prosper.
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Old September 12th, 2010, 09:54 AM   #11
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Originally Posted by ScOoTeR View Post
As nice and defiant as that sounds, have you any idea what it takes to repatriate to another country? My suggestion to you is to start now to get a foothold in the country of choice - you'll be able to work a few years at a lowered wage and create a home to bring your family over to.

That is, if you can get proper documents for your family (equivalent to the USA's "green card") in a timely fashion. My father-in-law spent about 5 years working here before he could bring his family over here.
Yes, I do. I'm a wandering jew. I have lived in a few different countries over my short life and I do not see a good reason to stay where I believe that my family will suffer. It is sad to see this country go where it's going. I was seriously contemplating leaving last year. Proper documents are not an issue for me. I think my naivness and belief in American people held me back, as I still think we can turn this country onto the right track, but that hope is slowly waning.
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Old September 12th, 2010, 10:06 AM   #12
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Originally Posted by Nuggets View Post
Edit: If Obama seizes my assets for "wealth redistribution", moving will be a high priority.
Funny you mention that - as I see two things happening if the current "administrative trend" continues:

Fees put on Roth distributions - the excuse will be that the fee is less than the taxes imposed on the traditional 401K withdrawals.

When social security goes "into the red" (by their definitions, as I think it is in the red right now), the government will seize everyone's 401K savings and redistribute it via the social security program.

Redistribution so that everyone gets their "Fair Share" of retirement wage. Again, what will we have left to do anything about it? How far-reaching will the piracy be? Can they take my insured money market funds? In a "State of National Emergency", I think the answer is yes.

Look at what is currently happening - we're criminalizing the wealthy for putting money in accounts overseas to protect it. The majority of the public (at least the ones that voted for "Change") are all for it. How dare the rich try to keep more of what is theirs!?
But now, the door is being shut on those of us that want to look for protection of the money that should be rightfully ours - but can (and, IMHO, WILL) be taken by the government.

Hiding it in a mattress will do nothing, as we're probably headed toward a global currency - aimed at those wanting to continue a certain level of living after retirement.

It's really fucking awesome, when you stop and think of what we're headed for. (that's sarcasm, if you missed it)
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Old September 12th, 2010, 11:36 AM   #13
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The future is scary to me. With the decline in this country's production (thanks unions IMHO), and the drastic increase in the perpetually lazy, those who have not made the effort to aquire or succeed will increasingly demand more from those who have wealth. When I say "wealth", I'm talking about you and me, not the "rich". The age of self entitlement is upon us.
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Old September 12th, 2010, 04:42 PM   #14
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Originally Posted by howell_jeep View Post
My plan is to move out of the US when the higher taxes come, and they will, there is a threshold of how many parasites I can support.
Don't let the door hit you in the ass on your way out, and good luck finding a place with lower taxes. You won't be missed.
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Old September 13th, 2010, 06:47 AM   #15
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Originally Posted by Nuggets View Post
The future is scary to me. With the decline in this country's production (thanks unions IMHO), and the drastic increase in the perpetually lazy, those who have not made the effort to aquire or succeed will increasingly demand more from those who have wealth. When I say "wealth", I'm talking about you and me, not the "rich". The age of self entitlement is upon us.
I'm with you.

We're expected to donate much of what we earn because we have it better than others - "luckier at the lottery of life" - and what-not. I don't have any trouble helping people and contributing to charity, however, I don't believe the government should have power over that part of my taxes - to define who gets my money.
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Old September 13th, 2010, 09:06 AM   #16
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Originally Posted by ScOoTeR View Post
Funny you mention that - as I see two things happening if the current "administrative trend" continues:

Fees put on Roth distributions - the excuse will be that the fee is less than the taxes imposed on the traditional 401K withdrawals.

When social security goes "into the red" (by their definitions, as I think it is in the red right now), the government will seize everyone's 401K savings and redistribute it via the social security program.

Redistribution so that everyone gets their "Fair Share" of retirement wage. Again, what will we have left to do anything about it? How far-reaching will the piracy be? Can they take my insured money market funds? In a "State of National Emergency", I think the answer is yes.

Look at what is currently happening - we're criminalizing the wealthy for putting money in accounts overseas to protect it. The majority of the public (at least the ones that voted for "Change") are all for it. How dare the rich try to keep more of what is theirs!?
But now, the door is being shut on those of us that want to look for protection of the money that should be rightfully ours - but can (and, IMHO, WILL) be taken by the government.

Hiding it in a mattress will do nothing, as we're probably headed toward a global currency - aimed at those wanting to continue a certain level of living after retirement.

It's really fucking awesome, when you stop and think of what we're headed for. (that's sarcasm, if you missed it)

This is exactly where it is going. Nobody has to be responsible for themselves don't you know? cities & states promising lifetime benefits they can't provide, while their "no end to the money" attitude bankrupts them and crying to suckle at the government tit.

what else can they do? they sure don't want to tell those who made poor decisions "well that's your problem". instead they are going to grab from those who have worked hard and made good decisions.

the one upside to the 401k tax is that I will stop all contribution to my 401k and any others they tax to fund some entitlement program. I pay my taxes and the government has no right to double dip mine or anyone else retirement plans.
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Old September 14th, 2010, 12:00 PM   #17
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This is preaching to the choir:

January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:
At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

Remember the day...
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES!
Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's!

(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. economy, but no one was listening).
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA.

And who fought against reform of Fannie and Freddie???
OBAMA and the Democratic Congress.

So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel they were driving. Set the record straight on Bush!

So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn't listen to you when you said you didn't want all the bailouts, you didn't want the health care bill, you didn't
want cap and trade, you didn't want them to continue spending money we don't have.
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Old September 14th, 2010, 12:10 PM   #18
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Quote:
Originally Posted by BooGTS View Post
This is preaching to the choir:

January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:
At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

Remember the day...
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES!
Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's!

(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001, because it was financially risky for the U.S. economy, but no one was listening).
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA.

And who fought against reform of Fannie and Freddie???
OBAMA and the Democratic Congress.

So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel they were driving. Set the record straight on Bush!

So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn't listen to you when you said you didn't want all the bailouts, you didn't want the health care bill, you didn't
want cap and trade, you didn't want them to continue spending money we don't have.
Proof:
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Old September 14th, 2010, 12:11 PM   #19
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Originally Posted by ScOoTeR View Post
Funny you mention that - as I see two things happening if the current "administrative trend" continues:

Fees put on Roth distributions - the excuse will be that the fee is less than the taxes imposed on the traditional 401K withdrawals.

When social security goes "into the red" (by their definitions, as I think it is in the red right now), the government will seize everyone's 401K savings and redistribute it via the social security program.

Redistribution so that everyone gets their "Fair Share" of retirement wage. Again, what will we have left to do anything about it? How far-reaching will the piracy be? Can they take my insured money market funds? In a "State of National Emergency", I think the answer is yes.

Look at what is currently happening - we're criminalizing the wealthy for putting money in accounts overseas to protect it. The majority of the public (at least the ones that voted for "Change") are all for it. How dare the rich try to keep more of what is theirs!?
But now, the door is being shut on those of us that want to look for protection of the money that should be rightfully ours - but can (and, IMHO, WILL) be taken by the government.

Hiding it in a mattress will do nothing, as we're probably headed toward a global currency - aimed at those wanting to continue a certain level of living after retirement.

It's really fucking awesome, when you stop and think of what we're headed for. (that's sarcasm, if you missed it)
Its already in motion. Google the bill HR-4646.
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Old September 14th, 2010, 01:47 PM   #20
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Its already in motion. Google the bill HR-4646.
Yes, additional taxes on "on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. "

But it isn't a law. YET.

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