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To: Man50D

good article

Yes one of Obamas advisors when challenged on their plans to let the Bush tax cuts lapse, called it “correcting the Bush mistakes”

McCain unfortunately due to his own ego and bad campaign managment, cannot even bring himself to say “Bush”

So he has let us all down by failing to drive this home

I predict the tax hikes will come almost immediately, so the Obama team has 4 years to spin it

This absoluteley contrarian handling of a recessionary economy (assuming the Marxianism of Obama and his closest friends will disregard the advice t the contrrary of a tax increase) will deepen and exacerbate the recession - possibly into a depression. First test our new “President” will fail

Get out of debt- hold onto your assets, try to ride it out for the next decade


7 posted on 10/27/2008 5:26:11 AM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: silverleaf

Two years to spin it. Congressional elections come in two years


11 posted on 10/27/2008 5:52:47 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: silverleaf
The budget should be balanced, the
Treasury should be refilled, public debt
should be reduced, the arrogance of
officialdom should be tempered and
controlled, and the assistance to foreign
lands should be curtailed lest Rome
become bankrupt. People must again
learn to work, instead of living on public
assistance.
...marcus tullius cicero 55 BC
13 posted on 10/27/2008 6:06:45 AM PDT by DaveArk
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To: silverleaf

I expect them to enact complex rolling bailouts that are indexed to income. So, if someone in the lower income percentiles has a large consumer debt, they will be able to avoid mounting finance charges through government mandated refinancing, while responsible folks who paid their debts will be hit with higher rates and no public recourse.

Of course, we all remember the controversies surrounding the end of deductions for credit card interest. They will effectively reinstitute that, progressively.


16 posted on 10/27/2008 6:13:34 AM PDT by reformedliberal
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