Lol, Romeny reminds me a tryhard..

Romney destroyed Obama in the debate. Obama wasn't prepared at all for it. I think they are both **** but my votes on Romney. Obama just plain sucks.

****Bain For President 2012****

Here's a fun thought... Aqua, Bain, and Medic should all run for president.

 

This morning, I paid, for the first time ever, $5.09 per gallon of gas. Do you all know why gas is so high? It has nothing to do with oil prices. In order to pay for the debt this dumb**** has accumulated, the Federal Reserve has had to print US dollars 24/7 for the past 3 years. This has flooded the market with US dollars, thus reducing the value of our currency by 50% over the past 3 years. Therefore, commodities like gas, which cost $2.30/gallon 4 years ago, now cost over double the price. Remember, all this without the price of oil changing. Basically, anyone who was making $100K 3 years ago, if their salary is the same, they now have the same buying power today as someone who made $50K 3 years ago. All this why the cost of consumable is increasing since the US dollar is devalued into crap.

 

Let's take this a step further . . . the housing market. The housing market, which is one of the biggest sources of tax income to the Government is in the ****ter, not because of subprime loans, but because of the devaluation of the dollar. The Government, in order to not look like fools for making our US dollar worthless, deflected the issue blaming sub-prime mortgages. It's not like there isn't demand to purchase homes. However because everyone's money is now worth a pile of crap, they can no longer afford it. Their buying power has been crushed. So what's the solution Mr. Obama? Raise taxes (reducing personal income), limit the bank's lending abilities (preventing money from flowing to the masses), and raise costs of doing business (i.e., Affordable 'bull****" healthcare act, raising corporate tax, etc). As stated earlier, the Federal Reserve is priniting money at astronomical rates. If the free market is not getting the money, since there is no way to get it to them, where is it going? Answer: All to the US Government to run up more debt. If people don't realize that they are getting hosed by this President, they are just plainly and simply brainless.

 

So please, someone tell me, why the hell is anyone voting for Obama?

So are the Republicans not actually saying something like "Vote for us, because Obama couldn't clean up the sh.it we made !" ? Please correct me if I'm wrong..

Germany's economy is just great at the moment, we are the world's leading export country (even though we're a fkn small country compared to China or the US, so that means a lot )

Now I just did the math.. you wanna know how much we pay for a gallon of gas here ?

7,99 $ on an average

It was even up to 8,28 $ at times

It's partly the oil prices, the European situation just as it's the high demand and especially the mineral oil groups ripping us off

 

And for the record, I haven't provided any support of Romney, albeit, his success is something that a lot of people strive for. The reason why I'm voting is simply because we have the worst president in US history in office. Plain and simple. There is not one thing he has done that has improved this country, at a cost that the country can afford. 

 

Here are some lies that are patently false:

 

Auto Industry - Obama claims that the auto industry has come "roaring bacl". That's interesting. If the auto industry is roaring back, thatmeans the companies are profitable again? Very interesting is the fact that GM is about to declare bankruptcy.

 

Gitmo - Obama ran a campaign of fundamental change in 2008 and made it a point to present that he is shutting down Gitmo. I personally don't think closing Gitmo should be an option at all. There is value in keeping certain criminals OCONUS. However, our president gave a date and stood by it. Well, Gitmo never closed and all that hoopla was for nothing. What it did do however is advertise the issue that Americans toture people and provided fodder to Al Qeada.

 

Affordable Health Care Act - The president pledged that AHCA was going to be deficit nuetral. Noone could fact check this when Congress was voting on it, simply because the public didn't have the langauge of the law in front of them. Most of the langauge was conceled until signed by the president. The CBO has stated that this law alone, by modest calculations, will add $2 trillion to our national debt in 10 years. Sounds very deficit nuetral to me.

 

Cost of Healthcare - President claimed that the cost of healthcare would decline by passing the AHCA. Interestingly, the cost of health insurance has gone up by an average of $2,500 per household in 2011.

 

Tax Breaks for Companies Moving Oversees - The president claims that there is a tax loophole that provides tax breaks to companies moving oversees. I am a tax attorney and if there is one thing I understand it's the Internal Revenue Code. This is by far the most misleading of them all. Companies don't  get a tax break, they just don't pay taxes on money that does not enter America. If America hadn't become so detrimental to corporations, via corporate tax rates, more companies would stay here. Hence when China began taxing corporation in 2011 at astronomical rates and raised minimum wage, a lot of companies started to leave. Where are they going? India, South Africa, Brazil, etc.

 

Romney/Ryan Plan provides a $5 Trillion Tax Cut - Once again the president has chosen to be very misleading and selective as to how to phrase his attack. Yes there is a very large tax break that would be provided by lowering income taxes, corporate taxes and captial gains taxes. However, you can't look at a tax break and consider it the whole plan. All expenditures use forecasting based on historical actuals to figure out how their decisions would playout. Well, the CBO stated that the tax breaks amount to $2 trillion in breaks, but would probably increase tax income by significant amounts, thus stimulating the economy. More people would have more money in their pockets, which would provide incentives to spend it. Then the money moves around and more people spend it. In each of these transaction, the goverment would take a tax, just as they do now. The more the transactions, the more the tax.

 

If you guys need more examples, I'll provide more. But one question I have is, outside Obama being a decent person, why would anyone vote for his lousy policies for president? He doesn't have the faintest idea of what he is doing. Don't buy it? This guy has never held a job that dealt with profits and losses. Now we are asking him to raise us out of debt, which fundamentally means you need to raise profits and reduce losses.

 

Yeah dude, we're getting f***ed here in LA. I went to 3 gas stations and they were closed. I found a fourth and $5.09/gallon. I didn't think we were living in the 60s and 70s anymore.

 

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I was kind of surprised at Pinn calling Obama out to be a liar..

Most politicians lie, not always but they do, and most people know that. Getting elected by all means necessary.

And I'm not the kind of guy to just walk aroung and preach about how bad every politician is. I'm used to it, but you never have any choice. You can just vote for the guy who seems to follow what he promised, who seems to go the right course. In the end all of us, the people, we don't know anything.

I wouldn't go as far as Sizzle, saying the fed is behind american politics, but what do we know ? At the time of us voting, nothing for certain. 

yall know about the muslim brotherhood becomming allies with Russia? Yall know about the leader of the muslim brotherhood stating that Russia will make their fight with Isreal even? Yall know about the Russian sups off the coast of Egypt? Yall know what a war in Isreal would mean? Yall know our economy is being propped up by foreigners till after the election to try to help Obama?      all are facts that you can see vids of online... most people just listen to CNN or Fox to get their info though

Not sure what this has to do with the topic haha

I do think no one can predict the impact of a war in Israel, too much tension around it

And we have the same problem in Germany, everyone just watching the mainstream mass media that tries to tell you what's going on in the world in 10 minutes, then spending 10 more minutes on sports..

Let's not drift off topic though haha

 

Bush was a **** president and Obama is the only president that can make Bush look like a genius for what he did in 2002. However, Bush is not running for office. This president has been absolutely horrible. Please name one thing he has done which has been good for the country? Anything.

 

I am confused as to why this preisdent has blanket love on his side. His record has been garbage and everyone seems to want to justify what he's done as good. He is tanking this country. Ask the executives of this country what they think of Obama's policies. They will overwhelmingly state that their businesses are dying from the regulations and policies this president has pushed.

He kissed his wife on the kiss cam at a Wizards game

 

Dagon, I am neither democrat nor republican, but I call it as I see it. I am not advocating for Romney as he's got his own problems, but Obama is by far and away the worst president this country has seen.

 

I love you Yangin!

 

 

@Dagon, yes you are right. in the end, we believe what we believe because everything they tell us is not true and not the whole truth.

 

Bill Clinton for President until he dies!

 

Drokun, let me break this down as simply as possible for you to understand what is going on in America. Our Government does not have the money to sustain itself. There are two options at this point. Cut spending and/or increase revenues through taxes, since the economy is not producing. The economy is solely dependant on the fact that people will spend money and through every microtransaction, the government gets tax revenue. People only spend money when they actually have money in their pocket.

 

So let me tell you what this President's solution has been - raise spending. Please tell me how this solves our problems? On top of that, in order to sustain the added spending, he wants to raise taxes on everyone. Anyone that says otherwise just doesn't get how the taxes work. Therefore, people will have less money. People will spend less, which means our economy will start to recede, thus bringing in less revenue to the Government. As a result, the Government, in order to sustain itself, will have to raise taxes again, and again, and again. Do you see the fundamental problem?  

 

In addition to the fundamental problem this President's policy has created, the amount of debt he has accumulated ($6 trillion in 4 years) has been unsustainable even for borrowing from China (who own 8% of America) and Russia (who own 7% of America). Therefore, our Federal Reserve Bank (not really a bank) has been forced to print money to cover costs. Well, when you print more money, the value of the dollar goes down significantly. As a result, people have to pay a lot more for something that cost them a lot less before. Therefore, they again have less money in their pockets to spend in order to stimulate the economy.

 

All of this can be avoided by two simple functions. Keep taxes at the levels they are now (in order to create consistent expectations) and cut spending. This consistency will allow people to save money and budget their purchases. It will be consistent so they will know that their income next year will be the same as it is this year. And yes, some entitlements will have to go, simply because we cannot afford them at this time. The biggest being the "Affordable Health Care Act", which is a mandatory tax on people who do not have health insurance. In addition to the people paying for it out of their own pocket, it's going to cost our government an additional $2 trillion in 10 years to keep the program alive. Please tell me how this makes any sense?

 

 

------------------------------

P.S. To King and Feh, I appreciate the kind words. Call me uneducated all you want, however, I have a J.D. from USC and an MBA from UCLA's Anderson School of Management. Additionally, I'm a tax attorney. So I may be uneducated, but the company I work for counts on me to understand the fundamental of economics in order to make sure our clients money is handled properly. And everything this administration has done has directly impacted everyone in my industry, our clients, and their employees, including the US Government who is our customer. So let's keep this up.

 

I'm just here to read what you guys have to say. I'm done replying to some of the ignorant post.

 

Because rich people spend money. The more money in their pocket, the more they are willing to spend. The more they spend, the more money is out in the free market. Also, rich people tend to hire people to work for them. The more money in their pocket, the more likely it is that they hire people. And when they have a lot of money, they tend to go after talent. In order to lure talent, they provide higher pay and more benefits, etc. etc. etc. Taxing the rich more won't even make dent in our debt. Therefore it's a lose/lose proposition. Would you rather the money stay in the free market, i.e. in people's hands, or as taxes, in the government's hands.

 

A prime example is the corporate tax rates. Since Obama wants to raise it, employers are NOT HIRING since they won't have as much to spend. Pretty simple really.

EDIT- I got ninja'd

 

Saying something is ignorant without providing facts is in and of itself ignorant. I'm all for a good conversation, so bring some facts to the table and let's discuss.

Ordinarily, I stay out of discussions like this.  Pinnacle is exactly right.  This is Econ 101.

Many businesses actually have cash on hand, but are not hiring because the Government has made it abundantly clear that taxes are going up for Corporations.  We're scared to death.  Since VP Biden is running around declaring that they want $1 Trillion in taxes from businesses and the wealthy, nobody in their right mind will risk their resources in payroll or product development because they have no idea what their future tax bill is going to be.  Everyone has shifted to JIT for product delivery because they don't want their cash tied up in stock.

As an aside; $1 trillion dollars looks like this: it represents $1,000 for every single human being that has lived and died in the past 2,000 years.  This is not a small number.  The U.S. Debt stands at $4,500 for every person who has lived and died in the past 2,000 years.  I'm surprised people still lend us money.

Don't kid yourself about who the liberals consider "wealthy".  While they bash millionaires for achieving the American dream, they have stated that they are going after households making $250k or more.  Those are not millionaires.

I have never been hired by a poor person.  It's just the truth.  I have hired plenty of poor people and have paid them a fair wage for their labor though.  If we tax the wealthy out of existence, who is going to hire you?  Why do we say "work hard to achieve the American dream" and then vilify everyone who actually does?  Better yet, why do we purchase the goods and services of these companies and then get pissed when they make a profit?

Check this out:  The liberals say that the rich need to pay more and that we're all in the same boat.  See if you can follow this logic...

That's our CURRENT tax system in America.  And those 2 people that are rowing for 7 out of every 10 hours are not doing enough?  Seriously?  They should row even more?

We don't have a revenue problem.  We have a bad spending habit.

 

I get it, now I see where people are coming from when they they vote for Mitt.

 

Aqua, tell me the difference between, Mitt and Bush.

I am not an apologist for Bush.  Neither am I particularly fond of Romney.  I did find it interesting that Romney broke an Allen Edmonds off in Obama's backside the other night though.

Given where our current economy is and our standing in the world today, I would vote for a used tissue before I would reelect the current President.

We have so many people in this country that think the wealthy have ripped them off somehow and they want the government to take something from the wealthy and give it to them.

Compared to most of the world, the poorest person in America is rich when compared to the global standard.

Did you have clean drinking water today? = rich

Did you have access to food today? = rich

Do you have a car (even if it's a POS)? = rich

Do you own a shoe for each foot? = rich

Did you have access to emergency medical care, even if you could not pay? = rich

Did you hav the guarantee of a K-12 education? = rich

Do you have the luxury of choosing your political leaders? = rich

In America, especially since the Civil Rights Act of 1964; our citizens are guaranteed equal opportunity, not equal results.

I have been homeless, hungry and half naked.  I have stayed in my car and on my brother's couch.  I slept on the floor in my first apartment.  I've done meaningless and disgusting jobs.  I've been poor and I have been rich.  It was up to me though, regarding how far or successful I would become in life.  The government hasn't done a single thing for me except make it very difficult to succeed.

Choose wisely, but definitely choose and be heard on election day no matter who your candidate is.

 

Either way the world economic crash is all on the Americans and if Rommeny takes power there is no hope for you, what little allies you have left will abandon you and then your government will do the same. Simple choice Peace or War.

 

If you all want any more reasons to NOT vote for Obama then go see this movie.

 

As for allies, we have lost a majority of them since Obama has been in office. His foreign policy is a total failure.

Who are they?

(I am no Obama supporter) But what are Mitt's policies?

And Pinnacle we live in California so our situation is a tardar bit worse, because we had The Terminaron as president, and he was HORRIBLE. 

YES ON PROP. 30 :)

 

Are you really saying yes on Prop 30? Don't we already pay enough taxes to California? We have the highest state taxs of any state in our nation. Thousands of companies a year are leaving this state because of high taxes. Perhaps incentivizing people to come to California would be a better way to raise revenue.

 

Sizzle, the Federal Reserve is not all evil. It actually serves a generally good purpose. You are really wrapped up around the whole Fed thing. I find it amusing.

Tax is relative to the income. (in a particular sense)

The CC system in California is in trouble. 

Besides I'm sure you and the majority of high earners know the legal ways of having Uncle Sam taking less.

If your heart is set on the long term than you know educación has to succeed. (Sorry for typos I'm have Spanish autocorrect)

The truth is, no two economists will agree, what you say is terrible for América, another might argue the opposite.