4 Money Problems Obama Can't Fix

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Obama is like a lozer to me in a way... he is making a bad promise look:Part of his plan would be a second round of stimulus checks to taxpayers, totaling perhaps $115 billion, according to the Wall Street Journal.Wow $115 billion dollers.....He needs a lot of time to get that money.

sorry cant know. of PA 4:54AM January 20, 2009

Of course Obama can't fix the money problem. Who can fix it? A piece of paper that is so powerful. No one can fix the money problem, it is like crime, it will always be crime, always will be a money problem. Rich people, poor people, middle people. It's been that way in the past, it will be that way in the future. Money,Money,Money, life is more than money. There needs to be a person in charge, that makes things united like it is suppose to be. End hunger, end discrimination, end little kids getting molested. Old folks say when they were younger the milkman could come in the house leave the milk and nothing was taken. Now you got people who break in your home while you are there. All these people getting their homes burned up in Cali, all that money. Some people worked real hard for those homes, some may have not. Some may have generous, some may have been greedy and selfish. People fail to realize what is really going on here. There is a force stronger than a president that is going to make change. That being is God. None of us are perfect, if we was there would be no funerals. But there are funerals so, when funerals happen, the money issue goes away for that indiviual whether that person had a lot of it or had not so much of it. I look at it like this, Life is an experiment if you think about it, all these struggles, pains, illness, whatever. Temporary. A new human is born everyday, to keep the cycle going. Life is more than just being hung up on money. End homelessness, in America then you have done something. People in third world countries live in mud huts, in Washington State people can't even live in tents out in an empty field, that no one even cares about until, its called a tent city, then people, American people get evicted for being outside, when they are already homeless. United is suppose to mean together I believe. We all have blood, all have bones all came out of the womb of a female. We are all the same, we need to act like it, live like it, be like it. Because if we keep being divided, there will never be any unity.

just my thought process dude of WA 8:42PM November 18, 2008

Home prices need to go back to realistic levels...

In 1995, a small 2-3 bedroom house could be purchased for about 75,000. During the BOOM, those same small houses were selling for 250,000+ because they were handing out ZERO DOWN payment, Interest Only mortgages to anyone willing to sign their name on the papers. Forget income, forget credit, just sign.

A small "Starter Home" should not cost $250,000, it should cost what it's REALLY worth, 75,000.

Once home prices get back to NORMAL and RESONABLE levels, then real buyers will emerge again to the market.

Wake up of SC 8:12AM November 05, 2008

obama is a good man so yeah he is gone to fix alot of thing something mcCain wont do if he wins so vote 4 obama

daniela of LA 10:44AM October 16, 2008

Dont any American voters do their own income taxes?Obamas proposed triple "credit" to low income people who pay "no tax "is tripling the amount they currently get.This is a massive welfare scheme paid out of your taxes. Of course they support him.A warehouseman now getting $2000 will get $6000 or more he never paid in. Dont believe it? See Democrat platform and IRS code.This money will be borrowed selling U.S. debt instruments daily to China etc.at high interest rates .The low income labor immigrants and others can afford children.Your great grandchildren will pay for them.$15 trillion debt now.How high can you jump?

Rocky of CA 5:21PM September 09, 2008

Right. Apart from the fact that house prices have been driven beyond common sense, in part by inflated appraisals driven by desire for more tax revenue--tax appraisal on mine was 2 1/2 times price in year bought and sold and every sale on this block, close to university, in years has been for significantly less than tax appraisal figure, so that a private party sending that to a bank through the mail could be charged with two federal felonies--there is no way that either Obama or McCain can pull off the economic miracles many voters believe Obama can, and both have promised. We're in for a long, rough time. There's no quick cure for this hangover from a binge.

There is way too much house debt that is "upside down" and can't be recovered in foreclosure, ditto car and mobile home financing which are crazy, and too much unsecured student loan and credit card, etc. debt that can't be paid without destroying the lives of way too many families, and a lot of it will eventually have to be discharged by bankruptcy, running of limitations, etc. Securitization is a bad deal--the quality of credit declines b the square of the distance from the bank and banker extending or holding it-- and those involved should have been fimancially savvy enough to know it, and much of that should simply be left unpaid. This is economic heresy, but we may need a good old-fashioned Old Testament Jubilee Year when all debnts and mortgages are cancelled, nad start over on a sound basis.

As for Obama's promises that he can solve this debt crisis while sponsoring billions of dollars in new government spending, and his time line, there's an agricultural term for that which I shall not repeat. Too bad we can't recycle political oratory like that as an alternative energy source.

Frankly, the predictions and promises of both candidates to fix the problems, and their intentionally vague plans to accomplish that, remind me of the song Merle Haggard first sang as a guest at the White House that goes "When a President goes through the White House door, and does what he says he'll do, We'll all be drinking that free Bubble-Up, and eating that Rainbow Stew!"

Obama also spoke about taking away tax breaks for sending jobs overseas. Lots of luck, because, as creditable, bipartisan tax law sources have noted, there are no such tax breaks, apart from the fact that businesses inevitably pass tax payments along to customers in the form of higher prices.

Peter S. Chamberlain of TX 10:25AM September 01, 2008

Again humorous...asdfa of AZ..writes in with this link...www.lesmingle.com ...asdfa doesn't even have my sex correct...however after being a lifelong democrat and voting for longer than Obummer.....I will be voting for my first republican president, not to mention the negativity 'n' misogamist attitude of ObushAgain will prompt me to vote for my first republican governor as well.....

MM of WA 6:25PM August 31, 2008

RJN-

I thought you would find this nugget enjoyable referenced in the National Association of Health Underwriters (NAHU)Aug 29th newswire. Given their affiliation with USNWR you may have already seen it.

http://latimesblogs.latimes.com/booster_shots/2008/08/emergency-docto.html

I like the logic. If you carry it to the extreme,then problems like no money, high gas prices and lower home values really dissapear as well.

- as long as there are ATMs no one in the US really has a money problem.

- as long as you walk everywhere, high has prices aren't an issue.

- as long as you can make your current mortgage payments and dont need to sell your home, falling housing prices aren't an issue.

- as long as their are shelters, no one in america is really homeless

- as long as you dont mind not getting paid, no one in america is really jobless.

Lets all bury our heads in the sand.

PM-

PS- glad that we've outed Rick as a member of the GOP.

Pat of MA 9:17AM August 29, 2008

Right up there with controlling greenhouse gas emmissions. Lots of ideas, lots of theories, yet no tangible way to know if the steps one might take will actually work.

Besides, do any of us really think that one person- McCain or Obama can really drive such a change? It would require something not seen in this country in decades...true bipartisan committment to drive change. not just the posturing seen during election years.

pat of MA 3:47AM August 29, 2008

Decreasing the returns on capital by raining the taxes on cap gains and dividends is not going to improve the business investment climate or make the US more competitive. Just the opposite.

These tax increases are being touted on the basis of "fairness", as if the American economy is Obama's pie to slice up as he sees fit. It doesn't work that way, and for all the soaring populaist rhetoric, a universe in which it works that way will not be summoned into being.

oblomov of OH 3:59PM August 28, 2008

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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