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Note that compromise was not allowed, even reading the darn bill wasn't allowed, for ObamaCare. Why should compromise with democrats occur now that the Dems want compromise. Or that Obama wants to paint himself as the great mediator--but never present a definite bill and definite numbers; it was when Obama moved the numbers on how much new revenue he would take that Boehner said it was over.
2014 Malibu 2LT, 2015 Cruze 2LT,
I think I addressed that in a prior post. First those candidates endorsed by the Tea Party and won this last election, were not part of the Congress that was spending out of control. The Tea Party was not even in existence in 2008 that I know of. It did not evolve until Obama started circumventing the Constitution. First by screwing over the bond holders at GM. Then pushing through the stimulus and Obamacare with no oversight. He had control of both houses and used it to the max. Thus the Tea Party was born. Comparing the spending from 2001 -2006 with the last 4 years is laughable. No comparison in any part of government including the military. Obama has willingly stretched the military even beyond what GW Bush did. Now we are stirring up China with recon flights over Chinese air space. That's real bright. What is not visible from our spies in the sky satellite surveillance?
So those like Charlie that consider the Tea Party moronic can thank Obama and the Democrat controlled Congress up till 2010 for their existence. I kind of like them for the most part.
I have to disagree:
And that is a very good trait. Donate your money to whatever charities you feel will help people in need. Work at food kitchens, food pantries, etc. But don't feel free to donate my tax money.
Indeed, I have watched the people who appear to be in need but never tried to do anything with their lives thrive in this area of W. Ohio. It's an industry to know how to get all kinds of assistance.
And if the people in poverty were tabulated including the benefits they receive in their incomes, we have many fewer in need than appear to be in need.
Now on the other hand there are people who truly have no way out of their problems: elderly, infirm, mentally handicapped, etc. But I'll take the Walmart first-of-the-month crowd here in this area and bet that 80% of them are NOT truly needy because they didn't have the opportunity for schooling in their public schools, etc.
2014 Malibu 2LT, 2015 Cruze 2LT,
After that run up I thought the stock might waffle around for awhile and I could get back in...but I missed the boat. It is not the first mistake I have made and I am sure it won't be the last.
2013 LX 570 2016 LS 460
I felt that the President was in a very compromising mood and gave a great speech. But the Republicans (basically the Tea Party) say no to every compromise. They are the ones that are holding America hostage.
Maybe we are spying on fake Apple stores :shades: China, the land of capitalism, ethics, honesty, and justice.
I thought they were both awful. All I saw was finger pointing and I d'ont see anything fresh coming from Obama and he's the leader. Like it or not at least Boehner put forward an idea and Obama in criticizing a plan without revenue was actually criticizing the Harry Reid plan put forward today. That is very telling. And if I hear him say one more time he inherited a problem I'm going to be sick to my stomach. What President didn't inherit a problem? He says the same thing over and over. Boehner said in his interview with Chris Wallace that the $800bln revenue grand plan is on the table and that he never took it off. He said this on national TV only 24 hours ago. Why is Obama not jumping on that? I d'ont get it. The only thing it denies him is the $400mln extra he asked for which is a pittance, plus of course some of his pride. They had a deal, sign it and let's move on. And if Boehner wasn't sincere in what he said to Wallace and the national audience then Obama can call him out on it. It's right there in the Fox broadcast for him to make Boehner look like a fool if he now reneges.
This stupid charade has gone too far now. In any negotiation you go back to what you were very close on. That's how you get the best deal done.
I think there is MORE than enough blame to go around, frankly.
If my crystal ball were polished up, I'd predict that we will see the compromise being no tax increases and the extension going past the elections. In the end that's not too bad, because we will not deal with Obama's tax increases, and there will be no default for a while longer.
We'll see.
TM
The Reid plan announced today is precicely what you are hoping for.
Hard to say any of us are hoping for any of this, other than to finally get it all resolved for crying out loud, without any tax increases, and before the deadline. It's all a screwed up mess, AFAIAC. But I do think both sides should essentially be in agreement in terms of satisfying the date and the taxes, as I posted. (Yes, I am encouraged that there might not be any new taxes, of course, as I see taxes as counter-productive). All that said, I predict there could be one more attempt by the Republicans regarding the $$, and that would be the focus of a final compromise between both sides, and then it's a done deal.
I got the sense by your post that you believe that the Republicans are more to blame than the Democrats, but I don't know about that after seeing Tim's weekend interview... it was revealing.
And I think there are Republicans that are as ridiculously extreme on the right as Obama is on the left. It's all pathetic... IMHO.
TM
Like I posted above to Charlie, it's all been pathetic, IMHO.
TM
The Reid plan requires trust that the Democrats will carry through with cuts in spending. Reagan learned the hard way you cannot trust a Democrat. He signed the bill to raise taxes and Tip O'Neill screwed him on the cuts. So we ended up with a deficit and more waste in government. The Reid bill is the same kind of smoke and mirrors. Fortunately we have some people in the House now that see through the fog spread by the President and the Democrats in the Senate.
You and I are just going to have to disagree. Our ideology is just about 180 degrees apart. Hopefully I can convince enough of my weak friends that voted for Obama in 2008 to get smart in 2012.
http://www.opencongress.org/articles/view/2295-A-Brief-History-of-Debt-Limit-Vot- es-in-the-House
It looks like the fake stores are selling genuine Apple products. Gray market electronics is an old business platform. The majors in Japan have allowed their stuff to be sold in the USA at big discounts without any warranty for decades. Looks like the only thing fake in hundreds of Chinese Apple Stores, is the look and feel of the store itself.
According to the Dushi Shibao newspaper report, three additional stores were found to be using Apple’s logo without having a prior permission. When investigated these stores were found to have operating permits. Though all these stores were selling genuine Apple products, only two were told to close because they could not produce an official business license, a local government official said.
http://www.usamarketnews.com/major-business-news/4455/number-of-fake-apple-store- s-jumps-in-china.html
Despite those hundreds of billions of blown stimulus dollars and almost as many upturn promises from Joe Biden, 82% of Americans still say their job market is struggling. Ninety percent rate the economy negatively, including half who give it the worst rating of "poor."
A slim 15% claim to be "getting ahead financially," half what it was in 2006. Fully 27% say they're falling behind financially. That's up 6 points since February.
A significant majority (54%) says they've been forced to change their lifestyle significantly as a result of the economic times -- and 60% of them are angry, up from 44%.
http://latimesblogs.latimes.com/washington/2011/07/obama-poll-jobs-democratic-ba- se-crumbling.html
few people noticed what Vermont's Sen. Bernie Sanders said:
"I think it would be a good idea if President Obama faced some primary opposition."
There is NO question about it. The Democrats are conceding a lot and the Republicans are not willing to bend at all. You're damn right that I think the Republicans share more of the blame. And at least 67% of the U.S. population agree with me.
I think it is the Republicans who are trying to prevent Obama from being re-elected by having this idiotic short term plan. Who wants to go through with this crap every 6 months? That's ridiculous.
Well most of the time passage of a new debt ceiling is automatic and if the Dems had held the House it'd be automatic right now. But the spending has reached unheard of levels and the government expansion is greater than ever so someone needs to stand up and demand change. We are reaching a point where we are starting to get divisions on the right and left and that's a good thing. In criticizing the Boehner plan last night for lack of new tax revs Obama also criticized Reid, who made a step in the right direction but who is not cutting enough real expenses. It's pretty easy to cut new budgeted expenses and from what I read that's what many of Reids cuts are. We need to cut into the heart on things already out there which is where Boehner is going. Boehner also in allowing a plan with new tax revs in negotiations with Geithner and Obama actually broke from many Reps. These opposite moves by Reid and Boehner are actually good things and maybe the only good thing I heard in this whole debacle. We need pushes toward moderation not extremes. I maintain a big factor in the middle of all this is Pelosi, who probably influences Obama more than anyone and who is your direct opposite of the Tea party.
ROFLMAO. He's as democrat oriented as he could be!
He's the one with the tingle running up his thigh as OBama was being elected in 08.
>After watching both Obama and Boehner speak to the nation, I have come to the conclusion that Boehner or whoever wrote that speech is a lying SOB.
I see just the reverse in who was lying. Obama even tried to cover up that he had to spent several trillion wasted on stimulus and pork: he called it things he had to do once he took office, again implying it were "Bush's fault" again. Will Obama grow up and take responsibility?
Obama, who had no interest in discussion nor in compromise during his first two years, now wants to flaunt that compromise has to come from the other party. I loved it that someone is suggesting a primary candidate to run against Osama.
Obama tried to blame the Republicans for kicking the can down the road? He's the one who wants any plan that puts the next increase after the 2012 election. I wonder why Obama doesn't want a six-month committee, bipartisan, bicameral to set a program?--he wants it after his 2012 election. He knows he's in trouble with his history.
2014 Malibu 2LT, 2015 Cruze 2LT,
Ford is a looking attractive right at this moment, IMO. It broke under $13/share. You might have been concerned that you previously missed the opportunity for Ford... but here we are right after a reasonably good report, with good forward looking comments... and on a down day for the market, it seems to me that this is a pretty good time to buy some Ford, especially if you don't own any, and to add to your holdings today if you already do own some. If it continues to dip, accumulate it progressively. No reason to load up too heavy, but definitely F should be in the portfolio, IMO, and this looks like a good opportunity.
I just bought some more shares myself.
TM
And the Dems I think are bending a lot on the spending portion. Hell, the Reid plan does not even raise taxes. So what do you want, blood? Yes Obama spoke about a balanced plan of cutting spending and and raising the tax a bit and eliminating loopholes for wealthy and the huge corporations. But he also supports the Reid plan and he will vote for it even though he will take a lot of heat from his Party.
Thanks for the compliments, things are Ok here. Hopefully with you and yours, too.
Bruins with the Cup, Sox win the World Series and the Pats finally win the Super Bowl they should have these past few years. It's going to be a good sports year (Celts, too?) for Boston. We'll have to raise the trophy ceiling...
My son told me to buy Apple when it was down around $325. Unfortunatley, he wouldn't give me the money to do so. :sick:
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
Anyway I looked over the Reid and Boehner plans in todays NY times. They are actually pretty close and both sides should find compromise and agreement in both of them. This story in the Times is one of the better ones I read and it's a rare one where a Times reporter is allowed to criticize Obama.
Excerpt:
Third, the president lost his cool. Obama never should have gone in front of the cameras just minutes after the talks faltered Friday evening. His appearance was suffused with that “I’m the only mature person in Washington” condescension that drives everybody else crazy. Obama lectured the leaders of the House and Senate in the sort of patronizing tone that a junior high principal might use with immature delinquents. He talked about unreturned phone calls and being left at the altar, personalizing the issue like a spurned prom date.
Obama’s Friday appearance had a gigantic unintended consequence. It brought members of Congress together. They decided to take control. The White House is now on the sidelines. Democratic and Republican Congressional leaders are negotiating directly with one another.
Link;
http://www.nytimes.com/2011/07/26/opinion/26brooks.html?_r=1&scp=1&sq=Congress%2- - - - - - - 0in%20the%20lead&st=cse
Here is yet ANOTHER reason why Obama is so poorly suited.
Even the DEMS are against this!
http://www.usnews.com/news/blogs/washington-whispers/2011/07/26/democrats-oppose- -obama-un-gun-control-treaty
Charlie,
I don't mean anything here to upset you, but Obama has TALKED a lot about a lot of things... many of which are not represented by his actual behavior. If there is a LAW that REQUIRES him to cut spending, then I expect he might do so... hopefully.
But, he is like a heroin addict when it comes to spending... promising to quit, but his addiction to spending has already irreversably gone down in history as perhaps the MOST out-of-control LARGEST increase in deficit spending in the history of mankind. That's his legacy.
(Given his out-of-control spending... just imagine his taxation goals!)
TM
Yeah, just think about all those corporate jets those $250K earners will have to give up.
Brilliant Obama... brilliant... NOT!
Edit: Frankly, I think if everyone had a corporate jet, it would represent an amazing healthy economy. The more the better... think about it!
TM
But they will probably win the next 3 against the Royals starting tonight.
I want to make it clear that I have no problem with folks like you and TM here on this forum since you are perhaps only just to the right of center (if not right at the center), but I have a huge problem with some people here that are total right wingers and I find it very difficult to keep my sanity with these people.
You are welcome to disagree, but you don't have to be DISAGREEABLE.
2014 Malibu 2LT, 2015 Cruze 2LT,
Does the Reid plan include cuts in the increases projected to get to the measured level of "savings" or does it actually cut from the current level of spending. I heard someone say that part of Reid is just those imaginary future increases that are being "saved" and very little in real cuts.
I think most of us are in favor of saving money from the _current_ spending levels.
Edit: I did find a source that says $400 billion of $2.7 trillion/10yr is in cuts in interest on _future_ spending cuts.
http://www.bloomberg.com/news/2011-07-25/republicans-push-dueling-plans-with-dem- ocrats-for-raising-u-s-debt-limit.html
2014 Malibu 2LT, 2015 Cruze 2LT,
Regarding the 250K business in other discussions, it is too low and should be something like 750K or more...but there will be screams about that too, from those who believe they are on the border of becoming a tycoon and that such policy will stop their success. Trickle down and all.
Because of his lack of ability to compromise on the ObamaCare spending that kicks in mostly in 2014 with taxes and yet wanting compromises from the Republicans now, is it time to move out of the stock markets in the next day to avoid the downturn from the brinksmanship he has played with the ceiling?
I never have seen Obama present a definite plan with numbers. He just played the spoiler with the idea he'd critique whatever the Republicans brought without ever committing to a definite plan of his own.
Obama couldn't even take ownership for the huge increases he has cost in the debt in his speech last night--he could only blame Bush for the costs. Yet Obama spent huge amounts in two years. He continued the two wars and opened a third when he was going to get us out of the wars upon election. He should have gotten us out of the wars. That was a campaign promise. If Bush were so wrong, he had his chance to correct Bush's errors.
2014 Malibu 2LT, 2015 Cruze 2LT,
Only a chosen few were "getting ahead" in 2006. We will never move forward until the lie of the economics of those years is admitted.
The Billary pic is funny anyway.
The cuts in Afghanistan and Iraq costs are probably part of what the other person included as costs that were already going to be cut, therefore they weren't truly new, additional cuts.
2014 Malibu 2LT, 2015 Cruze 2LT,
Calls to a congressional office were heavily in favor of the balanced budget concept, at least before today. The Cap, Cut, and Balance was a good one.
And indeed there do need to be loopholes filled and some tax rates looked at. BUT our major problem is not the 50% who don't pay taxes at all, it's that they are getting money back from all kinds of credits even though they paid NO taxes--earned income tax credit and on and on. There's even an industry build about helped get those payouts for people who own no taxes. I noticed starting a few years back there are billboards all around the low income/no income areas of Dayton promising refund checks from Uncle Sam, that's from you and me.
2014 Malibu 2LT, 2015 Cruze 2LT,
I appreciate that Charlie.
But, I think Obama is quite a bit left of center, and in the same way that those that are quite a bit right of center can be frustrating to you, the same is true for those of us that are quite frustrated by Obama's policies.
Frankly, the whole notion that $250K represents Obama's tax target is just plain destructive and downright wrong. It begs the question as to why he would be sooooo far off the target of the truly wealthy (those that actually can and do own corporate jets) and instead target the marginally successful. Something is horribly wrong here with his thinking. And it forces one to consider the consequences of his tax goals... which could be very dangerous... and could lead to a two class society in which one class is wealthy and pays all the taxes, while the other class is struggling and pays no taxes or near-zero taxes and receives entitlements. Many of those marginally successful folks would eventually be forced into the lower bracket due to the excessive burden upon them individually and in terms of their businesses, because so many of those in that bracket are small business owners. Another burden on business in America is the LAST thing that America needs.
I keep saying that the president of the United States needs to create an environment for business expansion and business establishment right here in the USA. It is imperative that the president understands this, but Obama is the opposite of this. We need to create a climate for business that is irresistable and compelling, and would result in a near wild-fire of business expansion. The resulting employment and tax revenues would sky-rocket. The economy would flourish.
But, instead we have Obama's extreme left view, and it is equally frustrating for many.
TM
Thank you fintail!
Thank for a second time!!
I honestly do not believe that he is anywhere near the extreme left in this issue. How is that possible when he offered deep spending cuts of $4 trillion?
Len, what difference does it make if it's August 2nd or September 2nd? The truth is that Social Security payments will eventually stop if we don't get a deal done. Btw, I am one of those that started receiving Social Security checks recently. However, I am MUCH more concerned about those that totally rely on this payment.
Problem solved.
2013 LX 570 2016 LS 460
He can talk and offer until he is blue in the face. It's in stark contrast to his actual record.
Charlie, this president is a classic extreme taxaholic / spendaholic. It's his legacy... and it is definitely far left of center.
TM
Solid long-term.
EDIT: There were some negative remarks on Ford on CNBC's Fast Money today. Concerns over labor union and the need to think very long-term. Possible more price declines ahead, and if so, be patient, and we might be able to pick up Ford for an even BETTER price per share. IOW, the time to buy may be just a little further down the road.
TM
2013 LX 570 2016 LS 460