Comments on: Obama’s Presser: I was wrong – again!

By: hermie

hermie — Mon, 10 Nov 2008 13:10:55 +0000

You have to remember, there are plenty of those evil millionaires who should be taxed 40% 50% 60% 70% of their wealth…Like Clooney, Streisand, Winfrey, Buffet, Emmanuel…

By: Victor Erimita

Victor Erimita — Sun, 09 Nov 2008 21:27:06 +0000

Many are predicting the Dems will constrain themselves on tax hikes out of fear the resulting economic damage will hurt them politically. But this is a rational argument. Tax hikes are religion to the Dems. You can argue all you want that tax hikes will increase tax avoidance behavior and affect economic decisions, resulting in lower tax revenues, or at least diminishing revenue returns for the damage done to the economy by the rate hikes. It’s like telling a Muslim he’d better not fast at Ramadan or he might get a tummy ache. They will do it because it is what they believe.

By: Roy N

Roy N — Sun, 09 Nov 2008 19:42:42 +0000

Nobody,

Sure. I don’t see the contradiction between what you said and what I said!

By: Nobody

Nobody — Sun, 09 Nov 2008 17:15:31 +0000

To Roy N,

Such a statement can only be made by people who don’t know stock investors. The effect can’t be measured so far out because too many other variables come into play to know. But if you know individual stock investors, and how much they work to avoid high capital gains taxes (by selling some holdings at a loss, and rebuying them to offset other gains), you know that it keeps revenue down.

By: Terrye

Terrye — Sun, 09 Nov 2008 11:23:07 +0000

My guy did not win and while I feel slightly queasy everytime I look at Obama I do hope he does not screw things up any more than they already are.

As for capitol gains or any other tax hikes, I don’t get why he is even making an issue of this right now. It would seem to me that just letting the Bush tax cuts expire would accomplish the same thing.

By: gippergal

gippergal — Sat, 08 Nov 2008 17:48:08 +0000

I think it’ll be fascinating to see what happens with his time: domestically, the big problem is the economy, but internationally, security is obviously still a big threat (you’re right – he did look green around the gills).

But because he got elected on his domestic promises, spending time on international issues might not play well with his constituents. He certainly sounded grim about Iran.

And if his time is spent on international policy, then that leaves his advisors/underlings/imported Chicago liberal illuminati to craft domestic policy and get him to rubber stamp it.

One thing is for certain: how on earth does he propose to fund a second stimulus package??!!??

By: Paul

Paul — Sat, 08 Nov 2008 16:28:20 +0000

This guy has Obama pegged.

http://newpaltzjournal.com/?p=1020

By: Jay Season

Jay Season — Sat, 08 Nov 2008 15:17:45 +0000

Capital gains: stop making a virtue of of selfishness!

Hey, anyone else catch the great Dumb and Dumber quote from Friday’s presser?:

“It’s not going to be quick, and it’s not going to be easy to dig ourselves out of the hole that we’re in,” Mr. Obama said

Dig out of a hole, huh? That’ll do it.

By: qwfwq

qwfwq — Sat, 08 Nov 2008 14:24:18 +0000

All those insignia and new designs reveals a disturbing frame of mind, I think.

Reminiscent of the 30s.

By: Roy N

Roy N — Sat, 08 Nov 2008 14:00:57 +0000

Here’s a prediction (about the future). Capital gains tax revenues will be down for at least the next two years whatever Obama does with tax rates. Total tax revenues will be down.

Probably, demands for spending will be up just to maintain a ‘steady as she goes’ programme, never mind trying to do anything new, let alone radical.

GOP dodged a bullet on Tuesday.