Skip to comments.The Market Just Figured Out Two HUGE Problems (ObamaNomics DeathWatch™)
Posted on 11/12/2012 1:07:41 PM PST by Zakeet
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That’s exactly what it is. They have this attitude that businesses have this endless supply of money at their disposal. It’s disgusting.
If it's a tax, no, it's not. Tax bills have to originate in the house. Obomacare is a senate bill. It may have "passed", but it wasn't created following Constitutional procedures. Therefore, it's unconstitutional as a tax if the procedure itself is argued.
If the Republicans wanted to stop it, they could. They could simply defund it. It's not valid unless it's re-written by the house and brought up by the house for a re-vote.
It's just that Republicans like it (I.E., it's the good 'ol good cop/bad cop routine).
Remember. Washington sees us as a slave force and not as human beings. We're dollar signs. In Washington, it's all about power and money. It has nothing to do with us. We're like the public school kids - slabs of meat on an assembly line. Each one has a dollar value. We're born, we pay, we die.
I believe once a politician spends too much time living in the beltway, they lose all their sense of humanity. When they need our attention for some reason, they become like actors on a stage. They say they're doing everything for us. Yes, it's all for us (and the ignorant audience cheers them on).
I’m in IT so this is really my knowledge area.
I think it’s tied to GDP. And that dollar and QE
Deflates it, among gold .
In my view the US govt is like the family in 2007 riding a wave of false prosperity based on maxxed out credit cards and helocs on a house with negative equity.
It can’t end well....
The other day, my daughter said, “Everyone thinks we’re rich because we own a business.”
We live in the same tumble-down, perpetually-being-restored old house we lived in before we started the business. Our newest vehicle is 10 years old, just as before we started the business. We haven’t taken a vacation in 5 years. NOTHING has changed in our lifestyle but suddenly everyone thinks we’re rich.
I just want to bang my head against the wall...
“The Republicans, no matter how many times the American taxpayers vote them in, have never gotten rid of anything the democrats have done.”
Not quite...Reagan signed the death warrant for the Interstate Commerce Commission, and Clinton executed it in 1995. That means it died at the ripe old age of 108.
But they don’t think anything bad is going to happen because not much has happened to the irresponsible big spenders they know.
Credit card debt? File bankruptcy and that’ll all go away. (I know someone on their third bankruptcy. It’s just a get-out-of-jail-free card to them.)
Can’t afford the house? The government will force the lender to let you stay.
Sheesh, they see people that have never held a job in their lives with plenty of food, heat, medical care and enough cash for tattoos and booze.
What could possibly go wrong? Big Daddy has always made everything okay so far!
Don’t count on it.
So much for my retirement plans.
I have started eating my savings.
“I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom.
And to preserve their independence, we must not let our rulers load us with perpetual debt.
We must make our election between economy and liberty, or profusion and servitude.
If we run into such debt, as that we must be t...axed in our meat and in our drink, in our necessaries and our comforts,
in our labors and our amusements, for our calling and our creeds as the people of England are, our people, like them,
must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts
and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes;
have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves
to rivet their chains on the necks of our fellow-sufferers Our land-holders, too, like theirs, retaining indeed the title
and stewardship of estates called theirs but held really in trust for the treasury, must wander, like theirs, in foreign countries,
and be contented with penury, obscurity, exile, and the glory of the nation. This example reads to us the salutary lesson,
that private fortunes are destroyed by public as well as by private extravagances.
Thomas Jefferson, letter to Sam Kercheval about reform of the Virginia Constitution, July 12, 1816; Bergh 15:39-40
I have a friend who owns a business and is in the same position and a lot of dummies think he’s sitting on piles of cash.
I had a liberal friend (this was about 10 years ago) that thought we were loaded when we lived in our first house which was 920sq ft. Granted, my wife is good at making our home look great, but still ...