Barack Obama, our next President

Barack Obama, our next President

There are 1274387 comments on the Hampton Roads Daily Press story from Nov 5, 2008, titled Barack Obama, our next President. In it, Hampton Roads Daily Press reports that:

"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 ...

Join the discussion below, or Read more at Hampton Roads Daily Press.

Jane Says

New York, NY

#813449 Nov 29, 2012
Slim wrote:
<quoted text>You racist old man.
would you prefer a hypocrite old man, like Warren Buffet who now claims raising the taxes on the rich won't deter them from making investments?

Taxes matter -- to Buffett.

Harvard's Economic Department chairman, Greg Mankiw, writes that "Mr. Buffett never mentions doing anything to eliminate the tax-avoidance strategies that he uses most aggressively. In particular:

"1. His company, Berkshire Hathaway, never pays a dividend but instead retains all earnings. So the return on this investment is entirely in the form of capital gains. By not paying dividends, he saves his investors (including himself) from having to immediately pay income tax on this income.

"2. Mr. Buffett is a long-term investor, so he rarely sells and realizes a capital gain. His unrealized capital gains are untaxed.

"3. He is giving away much of his wealth to charity. He gets a deduction at the full market value of the stock he donates, most of which is unrealized (and therefore untaxed) capital gains.

"4. When he dies, his heirs will get a stepped-up basis. The income tax will never collect any revenue from the substantial unrealized capital gains he has been accumulating.

"To be sure, there are pros and cons of changing the provisions of the tax code of which Mr. Buffett takes advantage. Tax policy always involves difficult tradeoffs. But it seems odd to me that whenever Mr. Buffett talks about taxing the rich more, the 'loopholes' that he uses never seem to enter into the conversation."

Guess who else thinks Buffett should pay more in taxes: the IRS.

Buffett's Berkshire Hathaway has been fighting the IRS over the $1 billion in taxes the government claims it is owed, dating as far back as 2002. Last year, one of Berkshire Hathaway's companies, NetJets, sued the IRS, demanding that the feds return $642.7 million in already paid taxes. And this year, the IRS sued NetJets, claiming it is owed $366.3 million in unpaid taxes.

Meanwhile, scientists at the National Institutes of Health are working feverishly to develop a cure, vaccine or treatment for this disease -- that appears to afflict guilty/super-wealthy liberals -- known in medical circles as "Buffettitis." It's early, and one risks being premature. But NIH just may have produced a workable solution: "Mr. Buffett, whip out your checkbook, and cut the U.S. Treasury a check. Given the state of the economy, let's hope it doesn't bounce."

Since: Oct 08

Location hidden

#813451 Nov 29, 2012
Jane Says wrote:
<quoted text>would you prefer a hypocrite old man, like Warren Buffet who now claims raising the taxes on the rich won't deter them from making investments?
Taxes matter -- to Buffett.
Harvard's Economic Department chairman, Greg Mankiw, writes that "Mr. Buffett never mentions doing anything to eliminate the tax-avoidance strategies that he uses most aggressively. In particular:
"1. His company, Berkshire Hathaway, never pays a dividend but instead retains all earnings. So the return on this investment is entirely in the form of capital gains. By not paying dividends, he saves his investors (including himself) from having to immediately pay income tax on this income.
"2. Mr. Buffett is a long-term investor, so he rarely sells and realizes a capital gain. His unrealized capital gains are untaxed.
"3. He is giving away much of his wealth to charity. He gets a deduction at the full market value of the stock he donates, most of which is unrealized (and therefore untaxed) capital gains.
"4. When he dies, his heirs will get a stepped-up basis. The income tax will never collect any revenue from the substantial unrealized capital gains he has been accumulating.
"To be sure, there are pros and cons of changing the provisions of the tax code of which Mr. Buffett takes advantage. Tax policy always involves difficult tradeoffs. But it seems odd to me that whenever Mr. Buffett talks about taxing the rich more, the 'loopholes' that he uses never seem to enter into the conversation."
Guess who else thinks Buffett should pay more in taxes: the IRS.
Buffett's Berkshire Hathaway has been fighting the IRS over the $1 billion in taxes the government claims it is owed, dating as far back as 2002. Last year, one of Berkshire Hathaway's companies, NetJets, sued the IRS, demanding that the feds return $642.7 million in already paid taxes. And this year, the IRS sued NetJets, claiming it is owed $366.3 million in unpaid taxes.
Meanwhile, scientists at the National Institutes of Health are working feverishly to develop a cure, vaccine or treatment for this disease -- that appears to afflict guilty/super-wealthy liberals -- known in medical circles as "Buffettitis." It's early, and one risks being premature. But NIH just may have produced a workable solution: "Mr. Buffett, whip out your checkbook, and cut the U.S. Treasury a check. Given the state of the economy, let's hope it doesn't bounce."
Buffet could give a healthy rip what happens...
carol

Orlando, FL

#813452 Nov 29, 2012
Quick Draw McGraw wrote:
<quoted text>Obama makes King George the III look like a petty thief.
The wealth tax "may receive imputed rental income from multiple homes and major consumer durables such as automobiles, art collections or yachts, which the federal income tax misses altogether."

Sounds too much like Marx's first Manifesto plank: "Abolition of private property and the application of all rent to public purpose."

I'm just wondering how far this will go before some on the left see where this is really going.

Even the socialist-leaning French government isn't willing to go that far.
carol

Orlando, FL

#813453 Nov 29, 2012
flack wrote:
<quoted text> Better keep an eye on your 401*k)s and IRAs. Next they will federalize (confiscate) them to protect you from greedy Wall Street.
Morning Carol.
Hi flack. Things are getting a little too crazy.

How crazy is it going to have to get before those lying at the bottom of the tank come up for air?
TSM

El Paso, TX

#813455 Nov 29, 2012
If anyone believes Obama’s second term is going to be any different than is first must be Smoking!!

“fairtax.org”

Since: Dec 08

gauley bridge wv

#813456 Nov 29, 2012
Haven't said this in a while but with the debt ceiling about to be breached I think it's time.

$16.3 trillion? Chump change. The real debt of the US is close to $140 trillion! Now that is real money.$90 billion a year for the next ten years? That's like sending the power company a quarter on your power bill! When are you people going to wake the hell up? They are playing you for fools!
lily boca raton fl

Boca Raton, FL

#813459 Nov 29, 2012
yepperz wrote:
<quoted text>
It's all Chris Christie's fault.........
A new Quinnipiac poll in New Jersey finds voters overwhelmingly favor Gov. Chris Christie (R) for re-election, 67% to 25%.
LOL! Now, perhaps these other dunderheads may learn to be a human being?
I wasn't a big fan of his, that loudmouth rudeness kind of turns me off, but, I did admire his guts in defending his appointment of a Muslim judge. Shows he's not afraid to be real. Give credit where credit is due.
carol

Orlando, FL

#813460 Nov 29, 2012
Lily Boca Raton Fl wrote:
<quoted text>
Carol, you'd better dig up your treasure chest and bring it to the Cayman Isands
While I'm doing that, think about this.

In France, the net worth tax is called the "solidarity tax on wealth". In other countries, the tax is known as "Net Worth Tax" or just "Wealth Tax".

Some European countries have abandoned this kind of tax in the recent years: Austria, Denmark, Germany, Sweden, Spain, Finland, Iceland and Luxembourg. In Belgium and Great Britain, no tax of this type has ever existed.

The United States Constitution prohibits any "direct tax" on personal holdings.

Does that even matter to you anymore? The Constitution, I mean?
lily boca raton fl

Boca Raton, FL

#813462 Nov 29, 2012
MS HEMMINGS wrote:
Old white cons who've been married to the same cow for over 20 years seem to get all freaky deaky on the "naughty threads." For example, there's one where old guys try to jumpstart their flagging dongs by talking about how they like to bring their cows to black clubs, watch them grind against the enormous equipment of those they so deeply envy and wait around while the wife does them in the parking lot of a hot sheets place. Then they brag they get sloppy seconds after she tells them what they did. And that's just ONE example! They have no problem talking about this kind of stuff, but get all bent out of shape when you do some good fetus jokes on here. Sometimes they go on
Go figger!
Well, I'd like to hear it form the mouths of old cons why you are so filthy, filthy, filthy, yet so impotent unless you're humiliating your lovely wife. Personally, I think it's because you have an insatiable appetite for humiliation and black co-ck, but you only have the courage to use a surrogate?
I'm getting pretty close, I know, so don't bother to deny it. It's too bad you have a bod for business and a head for sin, but god works in mysterious ways, doesn't she?
I think it's because they hate their mothers.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#813463 Nov 29, 2012
carol wrote:
<quoted text>
Hi flack. Things are getting a little too crazy.
How crazy is it going to have to get before those lying at the bottom of the tank come up for air?
What is the saying?'The road to hell is paved with good intentions.' As I said yesterday.'We are past the tipping point. The only thing left to do is let it crash and burn and hope America, like the Phoenix, rises from the flames a stronger and better nation.'
lily boca raton fl

Boca Raton, FL

#813464 Nov 29, 2012
carol wrote:
<quoted text>
The wealth tax "may receive imputed rental income from multiple homes and major consumer durables such as automobiles, art collections or yachts, which the federal income tax misses altogether."
Sounds too much like Marx's first Manifesto plank: "Abolition of private property and the application of all rent to public purpose."
I'm just wondering how far this will go before some on the left see where this is really going.
Even the socialist-leaning French government isn't willing to go that far.
Uh oh, your rent's going up!
sonicfilter

Indianapolis, IN

#813465 Nov 29, 2012
Now Even A Majority Of Republicans Think Tax Hikes Should Be Part Of A Deal

http://www.businessinsider.com/fiscal-cliff-p...

stupid conservative Marxists.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#813467 Nov 29, 2012
TSM wrote:
If anyone believes Obama’s second term is going to be any different than is first must be Smoking!!
I think it will be twice (at least) as bad.
Bigsmoke

Sheffield, UK

#813471 Nov 29, 2012
MS HEMMINGS wrote:
Of course, I meant "STICKY" threads -- sticky, sticky, sticky with old-man white man and woman juice. Stinks like t'aint ...
You like sticky one up your fat arse, you dirty old bastard.
BARRY GOLDWATER

Lockport, IL

#813473 Nov 29, 2012
TSM wrote:
If anyone believes Obama’s second term is going to be any different than is first must be Smoking!!
They found the perfect way to silence half the media. Put a Black guy in charge and no one questions the same policies that were practiced under W Bush. America is being fleeced for the 13th year and now most rational thought has been silenced by putting a Black stooge in the presidency. A white president would be getting slaughtered by this time. About two years from now the military spending will still be booming, the wealthy will still be wealthier,civil liberties will diminish and Obamas support will dry up when the liberal media begins to realize he is just another pitchman placed in the White House to keep labor cheap worldwide.
lily boca raton fl

Boca Raton, FL

#813476 Nov 29, 2012
UNITED NATIONS — The Palestinians are certain to win U.N. recognition as a state Thursday but success could exact a high price: Israel and the United States warn it could delay hopes of achieving an independent Palestinian state through peace talks with Israel.

http://www.huffingtonpost.com/2012/11/29/pale...
lily boca raton fl

Boca Raton, FL

#813477 Nov 29, 2012
carol wrote:
<quoted text>
While I'm doing that, think about this.
In France, the net worth tax is called the "solidarity tax on wealth". In other countries, the tax is known as "Net Worth Tax" or just "Wealth Tax".
Some European countries have abandoned this kind of tax in the recent years: Austria, Denmark, Germany, Sweden, Spain, Finland, Iceland and Luxembourg. In Belgium and Great Britain, no tax of this type has ever existed.
The United States Constitution prohibits any "direct tax" on personal holdings.
Does that even matter to you anymore? The Constitution, I mean?
This is not France; where are you getting your information anyway?
Lincoln Duncan

United States

#813478 Nov 29, 2012
carol wrote:
<quoted text>
While I'm doing that, think about this.
In France, the net worth tax is called the "solidarity tax on wealth". In other countries, the tax is known as "Net Worth Tax" or just "Wealth Tax".
Some European countries have abandoned this kind of tax in the recent years: Austria, Denmark, Germany, Sweden, Spain, Finland, Iceland and Luxembourg. In Belgium and Great Britain, no tax of this type has ever existed.
The United States Constitution prohibits any "direct tax" on personal holdings.
Does that even matter to you anymore? The Constitution, I mean?
Your understanding of economics may be limited but your Tea Party posts helped elected President Obama.
You are a vital democrat!:-)
TSM

El Paso, TX

#813479 Nov 29, 2012
My suggestion to the American People for Obama’s next four years would be’ Bend Over and Tuck Your Head Between Your Legs and Kiss You’re A – Good Bye!!’ because if it Moves, Breath, or looks Alive’ Tax It’ that’s the Liberal/Democratic Way!!
Lincoln Duncan

United States

#813480 Nov 29, 2012
The Mitt'ster at the W H today with the President of the US.
There are warm memories of Jimmy Carter and Gerald Ford becoming close friends, and Bill Clinton and George H.W. Bush bonding while leading the Haiti relief effort, but those are the exceptions.

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