Will Obama help or hurt Fractionals

[skiandsurf]

It looks like the rich people got what they wanted. If they can raise $700 million for a campaign, then flying on NJs, Flexjet, XOJet, CS or Avaintair is certainly affordable. Hang on for the busy times.

 

[learflyer]

Hard to imagine anything worse than the last four years. Actually, make that the last eight years.

except for the war, things were just fine until the mortgage mess of only about 1.5 yrs ago. Which was the fault of the democrats forcing companies to loan mortgages out to po' people.

 

[blueridge71]

Hard to imagine anything worse than the last four years. Actually, make that the last eight years.

You may not have to imagine it.

His plans to raise taxes and restrict free trade are very similar to Herbert Hoover's response to the stock market crash and credit crunch that began the Great Depression.

Barack Obama himself had this to say about what to expect:

"What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there. ... So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted." --

Barack Obama in January in an interview with the San Francisco Chronicle -- the Chronicle spiked this part of the interview ++ "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I'm capping greenhouse gases, coal power plants, you know, natural gas, you name it -- whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers."

Plus recent reports indicate that Iran may have already tested two nuclear weapons. Biden's "test" may be imminent and may not even wait for Obama to take office.
http://www.israelnationalnews.com/News/News.aspx/128151

The worst years of the Bush administration were after the Dems took Congress in 2006. Now the Dems are in charge of everything....

 

[B727FA]

Which was the fault of the democrats forcing companies to loan mortgages out to po' people.

And pilots who just HAD to have the boat, the new car, the beach house, the city house, the BIGGEST house...oh, and two alimony payments.

When I was on furlough in 01 I was working in real estate law and we processed more than 30 "Jumbo" loans ($400k) a month...that's one a day. Then again we closed nearly 100 closings a day when most only firms did about that in a month!

We weren't closing those loans for the (ahem) "'po' people."

 

[waka]

except for the war, things were just fine until the mortgage mess of only about 1.5 yrs ago. Which was the fault of the democrats forcing companies to loan mortgages out to po' people.

Do you really know what you're talking about or are you just regurgitating what you heard from right wing pundits? The majority of the sub-prime lenders were completely private companies, not Fannie Mae and Freddy Mac.

 

[learflyer]

Do you really know what you're talking about or are you just regurgitating what you heard from right wing pundits? The majority of the sub-prime lenders were completely private companies, not Fannie Mae and Freddy Mac.

I'm done fightin'. I'm drinking some beers right now, and will be behind our new president. Yes, I really know what i'm talking about. Didn't mean poor people, just meant it was easier to get loans over the last few years.

 

[blueridge71]

Do you really know what you're talking about or are you just regurgitating what you heard from right wing pundits? The majority of the sub-prime lenders were completely private companies, not Fannie Mae and Freddy Mac.

Fannie and Freddie didn't lend any money at all. They bought the mortgages from the lenders after they were bundled as securities.

 

[Fozzy]

What?

You can always quit....

Quit what? RTFP

 

[wolfpackpilot]

.oh, and two alimony payments.

I have just one.. that's enough thank you very much!


And its worth every single dime!

 

[B727FA]

I have just one.. that's enough thank you very much!


And its worth every single dime!

Great sense of humor...I appreciate hearing that!

 

[Sparse]

The real question is "Will Obama hurt you ?"

Are our 401ks at risk of governent takeover? No one in the media talked about this.

http://www.workforce.com/section/00/article/25/83/58.php

 

[gunfyter]

Are our 401ks at risk of governent takeover? No one in the media talked about this.

http://www.workforce.com/section/00/article/25/83/58.php

I saw this coming at least 10 years ago. SS will collapse and the people who saved will have these accounts raided.

 

[AeroBoy]

Sparse said: "No one in the media talked about this."

And you link to a story <wait for it> from a publication -- i.e. the media. Anyway, the story says that the committee is merely looking at ways to overhaul the system. Nothing has been proposed at this time. Let's leave it at that and stop the rampant speculation.

Gunfyter: The last sentence above applies to you, too.

 

[Sparse]

Sparse said: "No one in the media talked about this."

And you link to a story <wait for it> from a publication -- i.e. the media. Anyway, the story says that the committee is merely looking at ways to overhaul the system. Nothing has been proposed at this time. Let's leave it at that and stop the rampant speculation.

Gunfyter: The last sentence above applies to you, too.

Correction; The mainstream media. Stick your head in the sand if you like, but if they are holding hearings, they are thinking about it. Do you want them tinkering with the 401K system at all, let alone overhauling it? The professor refers to the government as subsidizing the system. Maybe the interest on the deferred tax, but in the end the tax gets paid.

 

[rettofly]

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia

Can you say "Atlas Shrugged"? Dr. Kamerschen is dead on.

The best solution is a tax on consumption. It rewards thrift. I believe it's called "THE FAIR TAX". Unfortunately, it's not going to happen as long as the non-producers can subsist by voting to drain the pockets of the producers.