The Early News on Obama's Aviation Picks - Scary Mary returns to power?

[~~~^~~~]

I don't get the connection and it appears to me IF Pena came back, Mary Schiavo would be the last person to be offered a position.

Dan, you correctly nailed me. I tried to go back and edit the name and it would not let me.

 

[Bavarian Chef]

Do you own property you plan on selling?

Do you own a small business on the side?

Some of us do... Do your research of what he really plans and how he's going to pay for it. There's a REASON every bank in the country is scrambling to offload their foreclosed property.

My best friend is a tax attorney. Her clients are scrambling to make MAJOR changes to their portfolios, put investments in to S-corps, etc, etc, because of what the incoming administration is proposing. She's not an alarmist type of person, but she's telling me to be worried - she's never done that before.

I hope he's not successful in all his bullsh*t programs he wants. You can kiss a lot of American jobs goodbye if he is. Reinstating a lot of retreads into his cabinet will do nothing but help push those programs through Congress and the Senate. Those people are old-school, have a lot of people they've allied with, and things are going to change...

I just don't think you're going to like the fallout.

Yeah!

Good thing we live in a country where the banks, mortgage and insurance companies, not to mention the automotive industry aren't nationalized under the veil of democracy, er I mean socialism.

Don't blame Obama for campaign "promises" that haven't even been enacted yet. The current Administration seems to be doing fine on its own redistributing taxpayer money.

Besides all this hype, rhetoric and speculation, what is the goal of every first term president?

To be a second term president.

 

[Dan Roman]

Dan, you correctly nailed me. I tried to go back and edit the name and it would not let me.

No worries, you are right about refering to her as "scary Mary" though!

 

[Lear70]

Fin, give me a few minutes to clear my PM box out.

The banks have, to date, held on to nicer properties that foreclose, waiting to put them on the market when the housing market starts to rise again. I've been to many a foreclosure auction on the courthouse steps and the property never hits the MLS pages again. They just lie empty...

They're changing that policy, and the belief is they're doing it because of the capital gains tax changes and large corporation tax changes that Obama has tagged to fund his health care plans, etc.

Either way, it's somewhat odd. My aunt owns a real estate company. Within the last 2 business days (Friday and today) she has seen dozens of nice properties hit the market in Nashville at $50,000-70,000 under their appraised value and/or amount they sold for just 3-5 years ago. That's a 20-30% hit for some homes, and it's going to kill the people who are close to foreclosure and were discounting their homes to the payoff amount, $20,000 or so under market, thinking they'd be quick sales.

I put an offer on one of those properties today. The down-side: capital gains taxes if Obama is successful in raising that rate in 2-3 years when I go to sell it and cash in on the equity (assuming a housing market recovery by then).

We shall see...

 

[Benhuntn]

"change" what "change"? Paul Volker brought us 28% inflation and 10% uemployment and now he is touted as a possible Sec. Tres. Change is going to be what I have left when I pay my taxes.

 

[zman]

Actually Paul Volker isnt being viewed as a possible canidate and never was he is like 81. You should stop watching fox news. Here is the possible last two men standing in his picks!

http://www.reuters.com/article/newsOne/idUSTRE4A974U20081110

 

[Nindiri]

Now they're talking about Jamie Gorelick as a potential Attorney General. Just great.

 

[regionaltard]

Wow, they're actually threatening to staff an Administration with competent people? That's gonna take some getting used to. Except Mary of course. She's scary.

 

[NEDude]

The sky is falling, the sky is falling!


Give it a rest people, the world is not going to end when Obama takes office. The Rush Limbaughs of the world screamed the same thing back in 1992. The Democrats cried about the end of the world and many left wing celebrities claimed they would leave the country back after the 2000 election.

Some of you may see an increase in taxes, some will not. But in 4 or 8 years they will go down again. And 4 or 8 years after that, they may go up again. Just part of a cycle, don't have a stroke over it.

 

[Skank]

Do you own property you plan on selling?

Do you own a small business on the side?

Some of us do... Do your research of what he really plans and how he's going to pay for it. There's a REASON every bank in the country is scrambling to offload their foreclosed property.

My best friend is a tax attorney. Her clients are scrambling to make MAJOR changes to their portfolios, put investments in to S-corps, etc, etc, because of what the incoming administration is proposing. She's not an alarmist type of person, but she's telling me to be worried - she's never done that before.

I hope he's not successful in all his bullsh*t programs he wants. You can kiss a lot of American jobs goodbye if he is. Reinstating a lot of retreads into his cabinet will do nothing but help push those programs through Congress and the Senate. Those people are old-school, have a lot of people they've allied with, and things are going to change...

I just don't think you're going to like the fallout.

Yikes!

 

[The Victors]

Lear is 100% correct. I bet anyone that unemployment more than doubles after obama sticks it to us with out of control spending and taxes.

 

[jegermeister]

I hope he's not successful in all his bullsh*t programs he wants. You can kiss a lot of American jobs goodbye if he is.

How is this any different than what we've had for the past eight years?

 

[Lear70]

How is this any different than what we've had for the past eight years?

Well, let's see here:

Financial meltdown of the credit markets with bank greediness in issuing loans that never should have made it to closing, a catastrophe in the early years that was unforeseeable, combined with out-of-control energy price speculation results in loss of jobs and economic downturn.

Complete turn towards socialism, redistribution of wealth, doubling or tripling the number and payouts of government aid programs (yes, he's said that), socializing health care (which will rape the medical community like the aviation community has been the last two decades), and capital gains taxes that will make medium and large businesses take even MORE of their production jobs out of the U.S. and into foreign countries, much less make them want to INVEST back in the U.S. markets.

Yeah, there's a big difference. One is just crappy timing and the general ebb and flow of the economy, the other is deliberately setting on a course that will slowly screw up many, many companies and, as a result, employees of those companies, not to mention increasing the federal deficit trying to pay for all of it.

You're going to get change alright...

 

[Mamma]

How is this any different than what we've had for the past eight years?

If you are going to bash Bush for everything that is bad then you should credit him for what went right. The unemployment rate during his tenure was at one of the lowest levels in our country's history.

 

[jegermeister]

If you are going to bash Bush for everything that is bad then you should credit him for what went right. The unemployment rate during his tenure was at one of the lowest levels in our country's history.

Those jobs were bought on credit (federal debt). Now we have fix the long term problems of short term policies.