Barack Obama, our next President

Full story: Hampton Roads Daily Press

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...
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756,561 - 756,580 of 1,100,983 Comments Last updated 1 hr ago
sonicfilter

Indianapolis, IN

#818899 Dec 9, 2012
For the third week in a row, 41% of Likely U.S. Voters say the country is heading in the right direction, according to a new Rasmussen Reports national telephone survey taken the week ending Sunday, December 2.

That's unchanged from the previous two weeks and remains the highest level of optimism during the Obama presidency. The latest finding is up 17 points from the beginning of the year and up 24 points from a year ago.

http://www.rasmussenreports.com/public_conten...

a shrinking 52% see it the other way. a bit short of 65%.
sonicfilter

Indianapolis, IN

#818900 Dec 9, 2012
Time For The GOP To Learn From Romney's Mistakes

Read more: http://www.businessinsider.com/gop-unclear-on...
carol

Orlando, FL

#818901 Dec 9, 2012
Realtime wrote:
<quoted text>US Corps of Engineers__US Coast Guard__US Department of the Interior are all present year around and around the clock in the Louisiana Delta Carol as are several other US agencies. That the POTUS would need the Mayor of New Orleans or the Governor of Louisiana's permission to respond to a disaster is beyond stupid and pathetic.
Get a clue babe!
It had to do with the National Guard being armed because of the violence and looting that was going on.

Do a little research. And not liberal propaganda. You'll see I'm right.
Realtime

Deltona, FL

#818902 Dec 9, 2012
carol wrote:
Maybe someone who knows more about the stock market than me can say if this is good news or not.
"While investors may be selling stocks to avoid higher taxes in 2013, companies may continue to announce special and accelerated dividend payments before year end.
"To be sure, the big sell-off in stocks following the November 6 election was likely related to tax selling, making it hard to judge how much more is to come."
http://www.nbcnews.com/business/fiscal-cliff-...
For every seller there must be a buyer Carol__I don't expect you to comprehend that but it's "how things are."

Note that the stock market is hovering steady at right around 13K?

That means that for investors__there is certainty that the elected are working on the problem and will either solve it, extend it or let it go off the cliff. Investors love certainty.

Early dividend payments equal earlier tax collections__maybe a good thing.
John Galt

Temecula, CA

#818903 Dec 9, 2012
The dangers of accepting the temptation of federal money and creative financing:

School District Owes $1 Billion On $100 Million Loan

by Richard Gonzales, NPR

December 7, 2012

More than 200 school districts across California are taking a second look at the high price of the debt they've taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed.

In 2010, officials at the West Contra Costa School District, just east of San Francisco, were in a bind. The district needed $2.5 million to help secure a federally subsidized $25 million loan to build a badly needed elementary school.

Charles Ramsey, president of the school board, says he needed that $2.5 million upfront, but the district didn't have it.

Why would you leave $25 million on the table? You would never leave $25 million on the table.

- Charles Ramsey, school board president, West Contra Costa School District

"We'd be foolish not to take advantage of getting $25 million" when the district had to spend just $2.5 million to get it, Ramsey says. "The only way we could do it was with a [capital appreciation bond]."

Those bonds, known as CABs, are unlike typical bonds, where a school district is required to make immediate and regular payments. Instead, CABs allow districts to defer payments well into the future — by which time lots of interest has accrued.

In the West Contra Costa Schools' case, that $2.5 million bond will cost the district a whopping $34 million to repay.

'The School District Equivalent Of A Payday Loan'

Ramsey says it was a good deal, because his district is getting a brand-new $25 million school. "You'd take that any day," he says. "Why would you leave $25 million on the table? You would never leave $25 million on the table."

But that doesn't make the arrangement a good deal, says California State Treasurer Bill Lockyer. "It's the school district equivalent of a payday loan or a balloon payment that you might obligate yourself for," Lockyer says. "So you don't pay for, maybe, 20 years — and suddenly you have a spike in interest rates that's extraordinary."

It's so irresponsible, that if I were on a school board — which I was, 40 years ago — I would get rid of that superintendent.

- Bill Lockyer, California state treasurer

Lockyer is poring through a database collected by the Los Angeles Times of school districts that have recently used capital appreciation bonds. In total, districts have borrowed about $3 billion to finance new school construction, maintenance and educational materials. But the actual payback on those loans will exceed $16 billion.

Some of the bonds can be refinanced, but most cannot, Lockyer says.

Perhaps the best example of the CAB issue is suburban San Diego's Poway Unified School District, which borrowed a little more than $100 million. But "debt service will be almost $1 billion," Lockyer says. "So, over nine times amount of the borrowing. There are worse ones, but that's pretty bad."

A Statewide Problem

The superintendent of the Poway School District, John Collins, wasn't available for comment. But he recently defended his district's use of capital appreciation bonds in an interview with San Diego's KPBS Investigative Newsource.

"Poway has done nothing different than every other district in the state of California," Collins told the program.

And he's right. In some cases, districts are on the hook to pay back anywhere between 10 and even 20 times the amount they borrowed.

But Lockyer says it distresses him to hear school officials defend these bonds.

"It's so irresponsible, that if I were on a school board — which I was, 40 years ago — I would get rid of that superintendent," Lockyer says.

Since: Feb 08

Spokane, WA

#818904 Dec 9, 2012
Nuculur option wrote:
<quoted text>
At least Carol has the courage to fight.
Unlike you, who is a coward who makes potshots from the sideline and asks dumb questions like 'why should rich folks pay a higher tax rate than others'.
The answer is so obvious, it proves what a dunderhead you are.
"nutsucker"
No pot shots, just facts. Facts something you know nothing about, you are BS. To date know one has given an intelligent answer as to why any American should pay a higher Federal Income tax rate than some one else. That's like saying pro0perty taxes should be leveled based on one's income, or sales taxes should be higher on those who earn more.
Do you ever think before you post.
Peace
John Galt

Temecula, CA

#818905 Dec 9, 2012
sonicfilter wrote:
For the third week in a row, 41% of Likely U.S. Voters say the country is heading in the right direction, according to a new Rasmussen Reports national telephone survey taken the week ending Sunday, December 2.
That's unchanged from the previous two weeks and remains the highest level of optimism during the Obama presidency. The latest finding is up 17 points from the beginning of the year and up 24 points from a year ago.
http://www.rasmussenreports.com/public_conten...
a shrinking 52% see it the other way. a bit short of 65%.
The post-election bump will disappear quickly when the economy crashes.

Since: Feb 08

Spokane, WA

#818906 Dec 9, 2012
carol wrote:
<quoted text>
Whew! Barely dodged THAT bullet.
"carol"
Darn it. Leave. You are proving that "nutsucker" is a liar with every post he makes. He keeps claiming he ran you off, that you are afraid of his intellect, and yet, here you are again. Keep ot up, O am lovin it.
Peace
John Galt

Temecula, CA

#818907 Dec 9, 2012
Realtime wrote:
<quoted text>
Note that the stock market is hovering steady at right around 13K?
Still lower than 2007.
John Galt

Temecula, CA

#818908 Dec 9, 2012
Realtime wrote:
<quoted text>
Early dividend payments equal earlier tax collections__maybe a good thing.
For this year, but less next year.

Plus, some companies may defer 2014 dividends until 2015, hoping Obama sees his folly by then.

Leftists always assume that tax policy will not affect human behavior, a huge mistake.
GhostofRaygun

Russellville, KY

#818909 Dec 9, 2012
sonicfilter wrote:
Author and economist Ben Stein joined Fox & Friends on Thursday where he stunned the hosts after he called for raising the tax rates on people making more than $2 million per year. He said that he did not think that the United States simply had a spending problem, and cited the early post-war period as an example of a time when you could have high tax rates and high growth.
“I hate to say this on Fox – I hope I’ll be allowed to leave here alive – but I don’t think there is any way we can cut spending enough to make a meaningful difference,” said Stein.“We’re going to have to raise taxes on very, very rich people. People with incomes of, say,$2,$3,$4 million a year and up. And then slowly, slowly, slowly move it down.$250,000 a year, that’s not a rich person.”
Stein said that the government has a spending problem, but they also have a “too low taxes problem.”
“With all due respect to Fox, who I love like brothers and sisters, taxes are too low,” said Stein.
“That sounds like Bowles-Simpson,” said Gretchen Carlson.
“It is Bowles-Simpson,” Stein replied.
“The evidence is that there is no clear connection between the level of taxation and the level of economic activity,” said Stein.“The biggest growth and prosperity we’ve ever had in this country was from roughly 1941 to 1973. That was the best years we’ve ever had and those were years of much higher taxes than we have now.”
“Taxes were at 70, 80 percent then,” said Steve Doocy.
“And yet, we were very prosperous,” Stein replied.“The highest rate was in the 90s during parts of the 50s, and yet we were very prosperous.”
http://www.mediaite.com/tv/ben-stein-stuns-fo...
Stein just hit the Repubs in the face with facts. There has NEVER been any proof lower taxes create jobs. The Repubs call us blind fools. They use talking points a 7th grade history class could prove wrong within minutes.
sonicfilter

Indianapolis, IN

#818910 Dec 9, 2012
John Galt wrote:
<quoted text>
The post-election bump will disappear quickly when the economy crashes.
are we going over the cliff?

or are you referring to the 4 year old myth?
John Galt

Temecula, CA

#818911 Dec 9, 2012
EasyEed wrote:
<quoted text>
"nutsucker"
No pot shots, just facts. Facts something you know nothing about, you are BS. To date know one has given an intelligent answer as to why any American should pay a higher Federal Income tax rate than some one else. That's like saying pro0perty taxes should be leveled based on one's income, or sales taxes should be higher on those who earn more.
Do you ever think before you post.
Peace
Not to mention that Nucular is a sockpuppet who refuses to use Demos/Tenzing when talking trash.
GhostofRaygun

Russellville, KY

#818912 Dec 9, 2012
John Galt wrote:
<quoted text>
The post-election bump will disappear quickly when the economy crashes.
When it gets as bad as 2008 get back with us. You know. 726,000 jobs lost per month.
Realtime

Deltona, FL

#818913 Dec 9, 2012
carol wrote:
<quoted text>
It had to do with the National Guard being armed because of the violence and looting that was going on.
Do a little research. And not liberal propaganda. You'll see I'm right.
We've discussed it on this thread for going on four years__the National Guard and looting came after the storm hit, Bush failed to respond prior to and during the storm.

Keep in mind that the storm struck three states and dozens of municipalities and BushCo failed them all.

You're wrong__you're always wrong__consistent though.

Since: Feb 08

Spokane, WA

#818914 Dec 9, 2012
Lincoln Duncan wrote:
<quoted text>
Good news for Americans alas sad for tea party
The US added 146,000 jobs in November, official data shows, as the economy seemingly shrugged off storm Sandy.
The unexpectedly strong performance brought the unemployment rate down to
a four-year low of 7.7% of the workforce.
The jobs figure was well above most analysts' expectations and continued a recent surge that begun in July.
Weekly jobs claims registered a sharp but short-lived jump in the number claiming benefits in the states ravaged by the storm last month.
"Lincoln Duncan"
I note you say nothing about the fact 340,000 more American's gave up looking for a job. Think that may have skewed the nimber just a tad. You do realize it takes about 200,000 new jobs per month to keep up with population growth?
Personally I would love to see a period where 250,000 jobs were created each month, than we would see a real decline in the unemployment rate.
Peace
Lincoln Duncan

United States

#818915 Dec 9, 2012
carol wrote:
<quoted text>
Just seemed pointless - just the two of us, I mean.
But I did want to say one more thing - unless things pick back up again before I post this.
Let's all not forget about others this holiday even if we do like to banter about politics on here - as well as throughout the new year.
It's sometimes easy to forget that there are people who are much worse off than we can imagine.
Let's all promise to do something good for those less fortunate than ourselves before the holidays.
The two or three of us on here right now anyway. Hopefully, more of us who might read this later.
Agree - Hope that no ill has fallen any of our posters or their families and that all are enjoying the Christmas Season!
John Galt

Temecula, CA

#818916 Dec 9, 2012
GhostofRaygun wrote:
<quoted text>Stein just hit the Repubs in the face with facts. There has NEVER been any proof lower taxes create jobs. The Repubs call us blind fools. They use talking points a 7th grade history class could prove wrong within minutes.
Big difference between $2 million and $250K. A family living in New York or California trying to send kids to college on $250K is far from wealthy.

Since: Nov 12

Location hidden

#818917 Dec 9, 2012
GhostofRaygun wrote:
<quoted text>Stein just hit the Repubs in the face with facts. There has NEVER been any proof lower taxes create jobs. The Repubs call us blind fools. They use talking points a 7th grade history class could prove wrong within minutes.
The proof is in the pudding over the Bush tax cuts. They were followed by a record 52 straight months of job creation, producing 8 million new jobs, with the unemployment rate falling to 4.4%. Business investment spending, which had declined for 9 straight quarters, reversed and increased 6.7% per quarter, producing all those new jobs.

Because of that increased investment, labor productivity soared by 2.5% annually from 2003 to 2007, higher than the averages of the 1970s, 1980s, and 1990s. As a result, real after tax income per capita increased by more than 11%.

Manufacturing output soared to its highest level in 20 years. The stock market revived, creating almost $7 trillion in new shareholder wealth. From 2003 to 2007, the S&P 500 almost doubled. After the Bush tax cuts started in 2001, quickly ending the 2001 recession, the economy continued to grow for another 73 months. From 2000 to 2007, real GDP grew by more than 17%, meaning an additional $2.1 trillion for the American people.

http://www.forbes.com/sites/peterferrara/2012...
John Galt

Temecula, CA

#818918 Dec 9, 2012
sonicfilter wrote:
<quoted text>
are we going over the cliff?
or are you referring to the 4 year old myth?
Deficit spending needs to be addressed.

Going over the "fiscal cliff" is an imperfect solution, but better than nothing.

Obama's plan to tax the "wealthy" is a trivial response that is essentially nothing and will accomplish nothing.

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